In the digital economy sector, Litecoin It is known as the silver cryptocurrency. For years, in fact, its popularity was second only to Bitcoin. This is no longer the case today, with major cryptocurrencies taking the lead for quite some time. However, this does not mean that the interest about LTC has waned, on the contrary: thanks above all for the continuous developments that have been made on the entire platform, such as urging many investors to look for more detailed information on the Litecoin Predictions In the medium and long term.
In our new in-depth study, we will deal with the future predictions on Litecoin, in an effort to determine your expectations direction From 2022 to 2030. To do this, we will examine technical indicators on the one hand, and analyzes of leading experts in this sector on the other. We will also dedicate a short chapter to the most important services available today Invest in LTCgiven the possibility of buying Litecoin in the short term.
Litecoin Price Analysis Technical Indicators
So let’s start analyzing Litecoin price predictions starting with technical indicators, one of the mainstays of analysts. It can be divided into two main categories: Moving averages he is oscillators.
The Moving averages They are specific calculations thanks to which accurate information on average prices can be obtained. On the other hand, oscillators are more specific technical indicators, which can be used on the chart and LTC values in order to plot an analysis on the price direction.
Currently, the oscillators The most common are:
- Pushing force
- RSI
- Amazing
- MACD
- CCI
Compared to moving averages, according to the report of the most reliable cryptocurrency information sites, Litecoin stands out in the upward trend. This means that the moving average forecast provides a bullish prediction, hence the call to consider buying LTC.
Returning to the oscillators, the indicators change from index to index. Here is a brief summary in the list below:
- CCI: sell
- RSI: Wait
- cool: wait
- MACD: buy
- Momentum: buy
Thus, the pattern is quite clear: MACD and MOMENTUM are bullish indicators, CCI is correlated with a negative trend, while AWESOME and RSI are neutral and invite investors to wait.
Litecoin: Current Status and Forecast for May 2022
The year we left behind recently was one of the most complex for cryptocurrencies. If there is record growth in the sector in the first part, then the downtrend has prevailed in the past months. In this, even Litecoin was no exception, which in May 2021 reached Quote record from $412.
The start of 2022 continued similar to the latter part of the previous year. Today LTC is worth about $100However, many analysts are inclined to believe that there may be a strong recovery in the coming months.
In light of this, the most optimistic forecast for Litecoin today is that it will be worth around $300 in the second half of 2022. If the current starting point is taken into account, the new LTC forecast indicates a strong uptrend From now to the next few months.
Litecoin (LTC) Predictions 2022: Possible Scenarios
To clarify the predictions for Litecoin in 2022, it is important to stay updated with the latest news regarding the silver cryptocurrency. And the best way to receive timely updates on LTC is to follow the Litecoin Foundation, the organization behind many projects connected to the LTC ecosystem.
Thanks to the Litecoin Foundation you can consult many newsletter Regarding cryptocurrencies, with which it becomes easy to reconstruct a more detailed future forecast on Litecoin. For example, we know that in the first quarter of this year, LTC launched the versionMWEB . Updatewhich is expected to bring many improvements to the entire ecosystem.
Among the improvements associated with the Mimblewimble app, the main ones are:
- Increased efficiency and speed of exchange processes;
- Increase in user privacy.
According to fintech industry analysts, the MWEB upgrade will bring Litecoin a Compete with the new generation of cryptocurrenciesincluding Zcash, which is considered among the most secure cryptocurrencies in the world from the perspective of the privacy of its investors.
After the MWEB update, regarding the bullish outlook for LTC, there is another important data:Significant increase in the number of transactions. Compared to the first weeks of January, when there were between 50/60,000 trades per day, at the end of March, it rose to 100/116,000 trades per day. Thus, the value has effectively doubled in three months.
Litecoin (LTC) Historical Trend
Predictions about the direction of Litecoin cannot ignore the analysis of what happened in these 10 years, since LTC is in the cryptocurrency world.
Since 2011In the first year of distribution, until 2017, the value of the silver cryptocurrency was about $5, then it increased exponentially in December 2017, when it reached a maximum of $240. Then followed the fluctuations of the years: in 2020, for example, the value went from about $40 in January to a price of $130 at the end of December.
Now it’s following Historical detailed about past five years:
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
| Minimum value | $3.62 | $22.36 USD | USD 29.37 | USD 24.35 | USD 104.05 | USD 91.70 |
| Max value | $420.00 | $304.00 | $145.50 | USD 139.41 | $412.80 | $153.50 |
| Average | $50.30 | 105.35 USD | $69.43 | $56.20 | USD 185.72 | USD 118.09 |
Source: Investing.com
Is it worth investing in Litecoin now?
short answer: yesIt is worth investing in Litecoin. However, the advice is to always refer to the previously reported technical analysis indicators that are on the most reliable platforms for exchanging or buying and selling cryptocurrencies.
First of all, a choice short term tradingin order to take advantage of the high volatility of LTC, which has increased in the last period due to the difficulties faced by both cryptocurrencies and safe haven assets.
However, the ideal model, which is also based on Litecoin’s growth forecast, is to do so Medium and long term trading. In this case, it is important to rely on platforms where you pay lower commissions than the competition, in order to reduce (or completely eliminate) the overnight expenses related to CFDs (Contracts for Difference).
How to invest in Litecoin (LTC) today
In the field of investment, the password is safety. This is as true for traditional assets as it is for cryptocurrencies (Litecoin is certainly no exception). Fortunately, there is no shortage of alternatives: they range from trading platforms to exchanges, the former allowing you to work mainly in CFDthe latter gives instead direct access Not just LTC but hundreds of other cryptocurrencies.
between The best exchanges point out:
- Bitpanda: minimum spreads, low commissions, ideal for those who want to invest in Litecoin in the medium and long term;
- Plus500: One of the best solutions on the market for CFD trading;
- IQ Option: Opening an account with only 10 euros, ideal for less experienced investors who want to enter the cryptocurrency market without risking large sums of money.
Minimum deposit: 25 euro
Cryptocurrency: 50+
Demo account: no
Minimum deposit: 100 EUR
Cryptocurrency: 19
Minimum deposit: 10 euro
Cryptocurrency: 15th
Minimum deposit: $50
Cryptocurrency: 50+
Minimum deposit: 10 euro
Cryptocurrency: 9
Demo account: no
Minimum deposit: Nobody
Cryptocurrency: 30+
Demo account: no
Litecoin Outlook: Medium Term Estimates 2023-2025
Let’s now turn to estimates of the value of LTC over the medium term. This is amazing Litecoin Predictions to 2025:
- 2023: Expected price target for year-end $245
- 2024: Expected price target for year-end $248
- 2025: Expected mid-year target price: $280
Source: litefinance.com
Litecoin Prediction: Long Term Estimates 2025-2030
that’s it Litecoin Long Term Forecast:
- 2025: Expected price target for year-end $312
- 2026: Expected price target for year-end $361
- 2027: Expected price target for the end of the year $420
- 2028: Expected year-end target price of $478
- 2029: Expected price target for year-end $526
- 2030: The expected target price for the end of the year is $582
Source: litefinance.com
Conclusions
Unlike many other cryptocurrencies that are today’s market champions, Litecoin over the more than ten years of its existence has gained a great deal of trust among many investors. It is no coincidence that LTC, like Bitcoin, is considered a file safe haventhus restoring BTC’s footsteps.
Then there is all the discussion related to Continuous Developments For the entire platform, as Mimblewimble’s latest major update demonstrates, which bodes well for the future of the LTC ecosystem.
Finally favorable forecast On Litecoin in the medium to long term, confirming how the silver cryptocurrency, more than ten years after its distribution, is more alive than ever.