Price Predictions

Litecoin Price Prediction: LTC at Pivot Zones, Eyeing at 20% Upswing

Litecoin Price Prediction

Key Takeaways

  • The Litecoin price closed the previous day trade at $107.4 with a market capitalization of $7.40 billion and the circulating supply stands at 69,698,956.41 LTC at the press time
  • The LTC price within the current descending trend constantly attempts to flip with a rebound, yet fails each time. Currently testing crucial support levels, it’s pretty interesting to witness the next phase of action

Litecoin Price Analysis: LTC Price Table (Last 30 Days) 

Date All-Time High All-Time Low Market Capitalization
22 February 2022 $107.9 $100.2 $7.4B
21 February 2022 $114.5 $102 $7.57B
20 February 2022 $115.8 $108.4 $7.66B
19 February 2022 $117.2 $113 $8.06B
18 February 2022 $123.6 $114.1 $8.12B
17 February 2022 $129 $114.6 $818B
16 February 2022 $131.8 $125.4 $8.82B
15 February 2022 $132.6 $123.9 $9.10B
14 February 2022 $127 $121.4 $8.76B
13 February 2022 $128.9 $123.5 $8.68B
12 February 2022 $127.6 $120.8 $8.75B
11 February 2022 $134.8 $124.8 $9.13B
10 February 2022 $143.8 $134 $9.59B
09 February 2022 $141 $132 $9.65B
08 February 2022 $142.9 $130.4 $9.16B
07 February 2022 $139.9 $125 $9.52B
06 February 2022 $128 $120.5 $8.55B
05 February 2022 $123.8 $118.8 $8.47B
04 February 2022 $121.5 $108.7 $8.19B
03 February 2022 $111.1 $105.4 $7.52B
02 February 2022 $116 $107.3 $7.65B
01 February 2022 $116.9 $108.2 $7.90B
31 January 2022 $111.3 $104.3 $7.62B
30 January 2022 $112.2 $107 $7.67B
29 January 2022 $112.4 $107.5 $7.69B
28 January 2022 $110 $105.2 $7.48B
27 January 2022 $110 $102.8 $7.49B
26 January 2022 $116.5 $104.6 $7.74B
25 January 2022 $109.9 $105.1 $7.42B
24 January 2022 $112.3 $97.5 $7.36B
23 January 2022 $112.8 $105.6 $7.48B
22 January 2022 $117 $96.3 $7.39B

Additional Read: 8 Cryptos with Low Transation Fees

Litecoin Price Prediction: LTC Price Trend Comparison with BTC (Last 30 Days)

Litecoin is one of the most primitive altcoins which is still in action after Bitcoin. Being built on the principles of Bitcoin, Litecoin offers some upgraded features to minimize congestion. Hence the name, ‘Lite version of Bitcoin – Litecoin’. Litecoin is considered the most undervalued asset in the crypto space as it began its journey soon after Bitcoin somewhere in 2013. While Bitcoin price rose to huge highs, Litecoin remained limited below $500.
LTC Price PredictionSource: Tradingview

Despite a huge difference in the price, the price trend appears to be much similar to Bitcoin and Litecoin. However, LTC price did attempt a couple of times to showcase more strength than Bitcoin but fell much below BTC price trends and woefully remains within the lower regions. Yet both the cryptos are undergoing more or less a similar trend and currently appearing to attempt yet another flip from the bearish divergence. 

After undergoing a steep drop since mid-February and plunged, they had to test their respective monthly lows. However, a notable flip a little above these levels nullified the bearish trend. Yet the strong uptrend may not be certified based on a minor flip as it may be retraced very soon in case the volume remains pretty much limited. The LTC price is less than the above-average by 31% whereas Bitcoin is away by 24% at the press time. 

Litecoin Price Prediction 2022: Search Trends (Last 30 Days)

Litecoin Price Prediction

Source: Intotheblock

The search trends for Litecoin and its impact on the price is almost within the average levels from the past month. Usually, the search above 70 or 75 is referred to as the keywords with decent volume but Litecoin’s volume always remained below these levels. And hence no major impact on the price was witnessed. Therefore, it may indicate the loss of interest among the traders as the asset is also possessing less volatility.In the contrast, irrespective of the search trends, the LTC price often attempts to make larger moves which result in a deep plunge instead.  

Note: Google Trends is a representation of users’ search behavior. It is a chart showing the user’s search volume which is capped to an upper limit of 100. The chat shared below is a comparison of the most searched keywords in a stipulated time frame.

Correlation of LTC/USDT and LTC/BTC (Last 30 Days)

Correlation LTC/BTC

Source: Tradingview

Bitcoin price trends since the beginning of the year 2022 have become pretty much uncertain. The asset tends to undergo acute price variations which deeply impacts the other altcoins within the crypto space. And hence the LTC/USDT has also been impacted as the asset plunged hard by nearly 30% and is currently attempting a flip by accumulating notable gain. 

On the contrary, the LTC/BTC pair maintained a notable rally within small braces, eliminating the possibilities of huge fluctuations. The price currently is just 6% below its average price compared to the LTC/USDT which is nearly 29%. With a slight bullish momentum gearing up, a minor flip is witnessed with the USDT & BTC pair. And hence a significant uptrend could barge in.

Litecoin Price Prediction: Will LTC Price Hit $1000 in 2022?

Litecoin’s price traded much below $100 until the 2021 bull run kick-off a massive rally, escorting the price to its ATH above $400. However, the price sustained the hefty May crash and ignited a strong recovery phase and smashed $295. Woefully ever since then, the asset is trending within a notable descending trend which may continue until the price plummets below $100. No doubt a flip or a rebound may be ignited, yet the intensity may be pretty low as the buying volume has dried up in recent times.

However, considering a flip with the market sentiments in the upcoming days, one can expect the Bitcoin price to rise high and chop around narrow levels. And this is when altcoins like Litecoin may gain some bullish momentum to surge high. The ATH being close to $500, these levels may be the first target of the asset, while the $1000 price target appears to be pretty tough at the press time.

Litecoin Price Analysis: How High Will LTC Crypto Price Go in 2022?

The LTC price began the present year trade on a significant bearish note. No doubt it attempted to prevent the downtrend by consolidating within healthy regions. But eventually fell prey to the bears who intend to plunge towards lower support, below $100. However, the buyer jumped in each time the price was on the verge to plunge below $100 and uplifted significantly. And hence a similar flip may be expected at the press time, nullifying the possibility of visiting the lower support. 

The market trends are expected to be eased after the beginning of the second half of 2022 where-in one can expect a decent flip. The asset could inculcate a significant uptrend to hit the immediate target of close to $150 by the end of Q1 2022. Further, if the bullish momentum intensifies, reaching $200 may not take much time. Later stabilizing with the uptrend, the LTC price may head towards the ATH and also attempt to test the $500 milestone by the end of 2022 

Litecoin Price Prediction 2022: Latest LTC coin News in February 2022

Venmo Launches Cash Back to Crypto, Litecoin is One of Them

The new feature which just launched on Venmo enables the purchase of crypto automatically when the cashback rewards are credited on any purchase in the wallet. Currently, it supports 4 cryptocurrencies and Litecoin is one among them. 

Source: Litecoin Twitter

Litecoin Foundation Launches the MWEB Upgrade After Years of Testing

The foundation earlier released the most awaited MWEB-Mimblewimble Extension Block upgrade. This would be included in the Litecoins core 0.21.2 release candidate that primarily focuses on the security and privacy-enhancing Taproot upgrade. 

Source: Litecoin Foundation

Additional Read: Top Crypto News Today, 23 Feb, 2022

Where & How to Buy Litecoin LTC coin

Investing in Litecoin or Bitcoin is extremely simple and easy on CoinDCX. We are the leading and most trusted brand when it comes to a cryptocurrency exchange. Besides offering huge trading options, the user also gets in-App benefits which help them to make better decisions at the right time. To start your journey with CoinDCX, you need to just download the CoinDCX App, crypto investment app on your smartphone and enter the required details. Once the platform verifies the details, fund your wallet and start with your trade. Simple!!


Disclaimer: The above views, information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational/ educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, digital assets/ cryptocurrencies or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalisation indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

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