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Litecoin Price Prediction 2021 – How High Will LTC Price Reach?

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In the crypto world, many projects and start-ups are concentrating on the enhancement of transaction speeds. Litecoin is the first cryptocurrency to implement faster transaction technology.

Are you in a dilemma to invest in Litecoin? Or You already own but not sure where the price will reach?

Don’t be confused. This article provides in-depth data on Litecoin price prediction 2021 and beyond. Let’s See where the LTC price is heading to.

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Table of contents

  • Overview
  • What is Litecoin [LTC]?
    • Litecoin Price Analysis 2013 – 2020
      • 2013
      • 2014
      • 2017
      • 2018
      • 2019
      • 2020
    • LTC Price Prediction 2022
  • FAQ

Overview

Cryptocurrency Litecoin
Token LTC
Price $ 173.0500
Market cap $ 11,580,516,614.0000
Circulating Supply $ 66,728,089.5154
Trading Volume  $ 2,356,313,136.0000
All time high $ 360.6600     December 18, 2017
All time low $ 1.1500     January 14, 2015

What is Litecoin [LTC]?

Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee, a former Google employee, in 2011. The cryptocurrency was created based on the Bitcoin protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times, and a few other factors. Litecoin was released via an open-source client on GitHub in the year 2011.

Litecoin is one of the most popular and grounded cryptocurrencies in the world, being in existence for seven years since 2011. Litecoin is more accessible to the people than Bitcoin, hence known as the “silver” of the crypto world and Bitcoin referred to as “gold” of the crypto world.

Litecoin Price Analysis 2013 – 2020

2013

The coin was launched on October 11. Initially, its price was very low, about $3 for quite a long time. Only in November 2013, we could see the first significant price movements. LTC jumped three times higher and hit USD 40 within a few days.

2014

However, in May 2014 Litecoin dropped to $10 and then in October to $3 per coin. Then the crypto was traded between $1 and $4 for three years, until 2017.

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2017

In March 2017 Litcoin announced the launch date of their SegWit protocol which affected the rate and coin achieved $16. Then in May LTC launched the protocol which pushed the price to $30. Also, the dev team implemented Lighting Network which attracted more attention to the coin.

Later LTC achieved $70 in September and then went back to $40. However, the whole market was bullish and Bitcoin set new price records. So in December 2017, Litecoin reached $100 per coin. Dramatically the price reached the $330 mark and further plunged to $250.19 by the end of December 2017.

2018

In 2018, the LTC price chart demonstrated a descending trend. LTC started the trade at $244.09 by early January. Further the price plunged to reach the low of $116.46 during April.  Later in the mid of December, LTC shockingly dropped to $24.50 as it failed to maintain its resistance level. Further the price started to pour and managed to reach $28.74 at the end of 2018.

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2019

In 2019 Litcoin continued its price growth by trading at $31.94 by early January. Surprisingly, the price followed an upward movement to reach $141.38 by the end of June as the Bitcoin’s price hit $12,000. The price again started to slide further.  At the end of December 2019, LTC was trading at $42.23.

2020

Overall, the Litecoin price in 2020 has been somewhat stagnant. It started the year at $41.67, and though it practically doubled in price and surged above $80 in February, The heat started to exit the market quickly and LTC was not immune from the mid-March crypto flash crash due to the Covid-19 outbreak.

In the first month of the second quarter, LTC started to trade at $39.84. Later,  the price steadily started to improve. With certain price swings, LTC reached $66.65 by mid-August and plunged further.

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On a bearish note, the price progressively started to pour. With the expansion of Bitcoin’s price rally, LTC was trading around $87 by the end of November. Following the price surge, LTC ended the year 2020 at the trading price of $128.

Litecoin Price Prediction 2021

During the start of 2021, LTC was trading at $132.32. On a bullish note, the coin dramatically started to escalate. The altcoin even attracted institutions, Greyscale bought 10,234 Litecoins. The altcoin could hit newer heights by enrichment of its platform with certain integrations and collaborations. According to sources, the platform might announce a velvet fork , creating a bridge between Litecoin and Cardano to bump up their prices. This fork will be introduced in combination with a Non-interactive Proof Of Work, which will enable people to decide independently whether or not they would like to adopt the update on their blocks.

The currency might reach higher levels of $500 by December 2021.

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LTC Price Prediction 2022

Litecoin might commence the year 2022 with a trading cost of $400. LTC anticipated plunging further if the bears acquired the market for a longer period. The community might focus on the up-gradation of its platform and the currency might intensify. The crypto is expected to hit as high as $800 at the end of 2022.

Litecoin 5 Years Price Prediction

In the next 5 years, Litecoin could be in the top 5 cryptocurrencies list, and it might be a highly accepted cryptocurrency in digital payments. By 2030, Litecoin would have gone through its 4th halving process, and it is expected to surge high. LTC could escalate if the crypto influencers have a positive outlook on the currency as well as its performance. By the end of 5 years, the highest Litecoin’s price could be $1.5k.

LTC Market Prediction

Let us consider the publications and personalities, and their statement regarding the LTC predictions, which will give us a fairer idea:

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1) Trading Beasts

According to TradingBeasts, by the end of 2022, LTC could peak around $108 with the consistent increase in the price. The price is anticipated to reach $133 at the end of 2023.

2) LongForecast

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According to LongForecast, Litecoin will trade around $80 and $90 throughout 2022 and the price could drop upto $50 by the end of 2023.

3) DigitalCoinPrice

According to DigitalCoinPrice, Litecoin could trade around $145 by the end of 2022.

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Our Litecoin Predictions

Litecoin is gaining more popularity, the acceptance ratio might also increase. It is already high as compared to the other newcomers. Several recognized institutions could invest in Litecoin and accept LTC as a payment. The price is going to soar pretty high in the year 2021 and 2022, where it can reach the $500 to $600 mark.

FAQ

Is Litecoin a good investment?

Yes, Litecoin might be a good investment if you are thinking of investing for a long-term.

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Will Litecoin break its previous price records in future?

Yes, Litecoin might definitely break its previous price records as it is anticipated to rise.

What will be the price of Litecoin in future?
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In future, Litecoin might trade around $690.

Where to trade Litecoin?

Litecoin can be traded at exchanges like Binance, Bitrue, Coinbase Pro, OKEx, HitBTC and many more.

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Litecoin Forecast and LTC/USD Analysis October 22, 2021

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LTC/USD are traded at the level of 204.04 and continue to move as part of the rise and the bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $13,333,492,930. Moving averages indicate a short-term bullish trend for Litecoin. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decrease in the value of a digital asset and a test of the support level near the area of ​​190.55. Where can we expect a rebound again and a continuation of the rise in the Litecoin rate with a potential target above the level of 245.55.

Litecoin Forecast and LTC/USD Analysis October 22, 2021

An additional signal in favor of the growth of LTC/USD quotes will be a test of the bullish trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the ascending channel. Cancellation of the option to raise the coin will be a fall in the value of the asset and a breakdown of the area of ​​170.55. This will indicate a breakdown of the support area and a continued fall in the cryptocurrency rate with a potential target below 135.55. With the breakdown of the resistance area and closing of quotations above the level of 220.05, we should expect confirmation of the development of a bullish trend in Litecoin, which will indicate a breakdown of the upper border of the downward channel.

Litecoin Forecast and LTC/USD Analysis October 22, 2021

Litecoin Forecast and LTC/USD Analysis October 22, 2021 suggests an attempt to correct and test the support area near the level of 190.55. Where can we expect a rebound and a continued rise in the LTC/USD price to the area above the level of 245.55. An additional signal in favor of Litecoin’s growth will be a test of the trend line on the relative strength index (RSI). Cancellation of the upside option will be a fall and a breakdown of the 170.55 area. This will indicate a continued fall in the cryptocurrency with a target below 135.55.

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Litecoin Forecast and LTC/USD Analysis October 21, 2021

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LTC/USD are trading at 198.05 and continue to move as part of the rise and the bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $14,182,763,662. Moving averages indicate a short-term bullish trend for Litecoin. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decrease in the value of a digital asset and a test of the support level near the area of ​​190.05. Where can we expect a rebound again and a continuation of the rise in the Litecoin rate with a potential target above the level of 255.05.

Litecoin Forecast and LTC/USD Analysis October 21, 2021

An additional signal in favor of the growth of LTC/USD quotes will be a test of the bullish trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the ascending channel. Cancellation of the option to raise the coin will be a fall in the value of the asset and a breakdown of the area of ​​165.05. This will indicate a breakdown of the support area and a continued fall in the cryptocurrency rate with a potential target below the level of 125.05. With the breakdown of the resistance area and closing of quotations above the level of 220.05, we should expect confirmation of the development of a bullish trend in Litecoin, which will indicate a breakdown of the upper border of the downward channel.

Litecoin Forecast and LTC/USD Analysis October 21, 2021

Litecoin Forecast and LTC/USD Analysis October 21, 2021 suggests an attempt to correct and test the support area near the level of 190.05. Where can we expect a rebound and a continued rise in the LTC/USD price to the area above the level of 255.05. An additional signal in favor of Litecoin’s growth will be a test of the trend line on the relative strength index (RSI). Cancellation of the upside option will be a fall and a breakdown of the 165.05 area. This will indicate a continued fall in the cryptocurrency with a target below the level of 125.05.

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Three Litecoin On-Chain Indications Show “Bullish” Data

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Litecoin holders are mostly in profit while whales stack more coins.

On-chain data provided by IntoTheBlock for Litecoin cryptocurrency shows three bullish indications for the coin simultaneously. The mentioned indications are net network growth, the number of addresses “in the money” and the concentration of funds.

Net network growth

According to provided on-chain data, the net network growth of Litecoin is currently up by 1.89%. The metric measures the change of the total number of Litecoin addresses.

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Following the continuation of a positive trend on the metric, the number of Litecoin holders is significantly increasing, which also reflects on the coin’s trading volume—which has increased by almost 100% since the beginning of the month.

In the money

While the volume of funds for Litecoin is progressively rising, it is important for them to remain “in the money,” which means staying above the entry point on the market. Currently, 70% of Litecoin holders are remaining in the money, which is the average value for an asset moving in the uptrend.

IntoTheBlock Data
Source: IntoTheBlock

Only 18% of traders and investors remain at a loss in the current market. Twelve percent of market participants are “in the money,” which means they have either just entered the market or have been holding their positions open since September when Litecoin was trading for the same price.

Concentration of funds

The concentration of funds signals changes in the whale-tier positions on the market. While large addresses are stacking rather than spending funds, the metric is considered bullish. The absence of selling pressure on the market allows assets to move.

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Litecoin Chart
Source: TradingView

While overall on-chain data is positive for Litecoin, it is most likely tied to the overall sentiment on the market, which remains bullish for both altcoins and Bitcoin. Cryptocurrency market capitalization has increased by $700 billion since the end of September and is continuously increasing.

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