Litecoin price prediction,How high will Litecoin go in 2030?

 Litecoin price is always under downward pressure; It has been trading below the psychologically important $200 level since early December 2021. In late January, it temporarily fell below $100 for the first time in two months. Although it has risen since then, the bears keep an eye on this important area at the current price of the altcoin of $ 110. In this article, the focus is on the price of Litecoin in the short, medium and long term. It also includes checking for basic drivers.

What is Litecoin?

Litecoin was created in 2011 by Charlie Lee as a fork of Bitcoin. However, at the end of 2017, the founder sold and gave away all his LTC tokens.

The cryptocurrency was launched as a "lighter version of Bitcoin". The development team wanted to make the exchange cheaper and faster, one of the main advantages of LTC.

Litecoin vs Bitcoin

Bitcoin is often compared to gold. After that, Litecoin is considered as "silver". On average, it takes less than nine minutes to confirm a Bitcoin transaction. This is much longer than the 2.5 minutes required for Litecoin transactions.

Also, the average cost of 0.023 Litecoin transaction is much lower than the 2 minimum of $ for major cryptocurrencies. In the future, these features may provide additional benefits for marketing authorization.

Despite this competitive advantage, cryptocurrency is often placed in the same group with other digital currencies, rather than replacing Bitcoin. In this view, Ethereum is the preferred alternative after BTC.

LTC price history

The value of Litecoin has seen mixed returns over the past few years. The price of the coin initially rose to $420 in December 2017 during the cryptocurrency rally at the time. It then fell more than 90% in 2018 as the Fed pursued a more hawkish policy. The last rally took place between March 2020 and May 2021 when it increased by 1,500%. Since then, the price has dropped more than 75%.

The crypto market in particular has grown strongly in the past. The introduction of many cryptocurrencies has reduced Litecoin's market share. At the end of 2017, it was the fifth largest cryptocurrency by market capitalization. It currently ranks 20th with a market capitalization of $7.733 billion according to CoinMarketCap. In comparison, USD Coin is currently the fifth largest cryptocurrency with a capitalization of 52.617 billion dollars.

Litecoin Whales (LTC)

The price of Litecoin rose to $150 in mid-January 2022 as the crypto-valve collected the altcoin. In fact, the latest data from Sentiment, a crypto analytics firm, shows that this class of investors has started a 15-week rally. Undoubtedly, this was the longest run since 2017.

In a tweet sent on January 12, the company noted that those who hold between 10,000 and 1 million LTC have increased the supply of cryptocurrency by 5% in 15 weeks. The cryptocurrency then rose 27.35% in the week to $154.05 in January. However, the bulls could not continue the rally amid the oversold market.

Litecoin depreciation engines

That's down about 40% from January's $154.05. It is almost 65% below the 6-month high recorded in November 2021. As mentioned before, the competition of the crypto market and the subsequent drop in the market price caused the downward pressure of Litecoin. Altcoins such as Dogecoin, Cardano, and Solana have been aggressive in their performance.

Also, as noted in other cryptocurrencies, the Radical Pivot of the Federal Reserve has affected the value of Litecoin. Since the end of last year, investors have started to rate increases four times as the US Federal Reserve is trying to tighten monetary policy. In fact, the bank's vote at the January meeting was higher than expected. As a result, some analysts believe the Fed could raise interest rates as many as seven times by the end of the year.

Interestingly, the impact hawkishness had on cryptocurrencies is comparable to other risk assets. Bitcoin, a major cryptocurrency according to the market, has lost 40% of its value since November 2021. It has obviously traded below the psychologically useful $50,000 level for about two months.

The steady decline in the price of Bitcoin in recent months is also reflected in other cryptocurrencies Ethereum, Ripple and Litecoin.

LTC vs stock trading

Stocks, and other types of risk assets are also under downward pressure. Last month, the Dow Jones plunged to a 10-month low of 33,168.69 as the market struggled with Fed policy tightening. He now receives about $34,000 in benefits after deducting his earnings since the beginning of the month. Even with the latest drop, it is still below the all-time high of $36,979.49 reached in early 2022. The S&P 500 and NASDAQ are also under pressure.

From this perspective, the relationship between cryptocurrencies and other risk assets has increased. In recent years, digital assets have not responded to global politics in the same way that equities and other financial markets have. However, investors are changing their view of crypto from a simple inflation hedge to a key risk asset. For the foreseeable future, the value of Litecoin will continue to fluctuate with the market.

Litecoin price prediction for 2025

The price forecast for LTC according to Wallet Investor suggests that the altcoin will record gains in the near future. The company expects the price of Litecoin to be $117.73 on the last day of February and further rise to $122.45 within a week.

For long-term investors, one of the most important questions is what the price of Litecoin will be in 2025. Given that Bitcoin always follows the price movements of altcoins, it is possible to predict the value of Litecoin in the coming years. The price of Bitcoin. various reliable analysts.

LongForecast expects the major cryptocurrency to reach $61,361 in January 2025 before rebounding to $47,028 in June and falling to $38,744 by the end of the year.

tBased on current prices, the BTC/LTC rate is 352.29. If the current trend continues in the coming years, the price of Litecoin will open the year at $174.17, but will decline to a closing price of $109.97 in December 2025. A look at this description shows the time between 2022 and 2025. that crypto it is impossible. attract enough buyers to push it to the December 2021 level of $200.

2030 LTC Price prediction

Due to the high volatility associated with this type of currency, it is difficult to predict the value of Litecoin in 2030 as a cryptocurrency. However, with increasing acceptance of commercial applications, it will increase dramatically in a decade.

Litecoin 2022 price prediction

A look at the daily chart shows a downward trend that has been going on for about three months. It stays below the 25- and 50-day moving averages; a sign that further losses are possible in subsequent sessions. Moreover, it is still below the 200-day long-term EMA.

At its current level of $110.00, it will find support at the key level of $100. With more downward pressure, the bears will have a chance to retest the December 2020 level of 80 again.

Despite the potential reversal, I expect the Litecoin price to remain below $150 in the short term. Therefore, a pullback could see alt-coin resistance at the 50-day EMA of $129.36.

Will LTC reach $1,000?

Cryptocurrencies are best known for their high volatility. While the price of Litecoin will make significant gains in the coming months, $1,000 is not expected this decade.

How to Buy Litecoin

One can buy Litecoin through applications such as PayPal and Cash App. However, the most common way is to use crypto exchanges such as Coinbase, Binance, and Crypto.com. Regardless of the method you decide to use, it helps to consider the security of the site, cost and ease of use.