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- 1 The price forecast shows that the Litecoin price may advance to a high of $377.5 by 2028.
- 2 LTC price surged 3.76% in intraday and currently trades at $74.79.
- 3 The daily chart shows that the LTC price made a bounce back from the 50-day EMA indicating the presence of bulls at the lower levels.
Litecoin was the first to adopt Segregated Witness (SegWit), which “separates” a transaction’s digital signature data (the witness) from it to use limited block space better, even though the technology was originally proposed for Bitcoin.
LTC also implemented the Lightning Network, a layer-two scaling solution, before Bitcoin. Many tested Litecoin’s Lightning Network to check the network, which relies on user-generated payment channels, in a real economic environment.
Litecoin crypto price trend analysis illustrates that LTC bounced back from the 50-day EMA indicating an optimistic outlook in the short term. The price currently hovers near the 200-day EMA and is attempting to break above it.
The bulls are in dominance and the price forms a strong bullish candlestick indicating a possible breakout above the 200-day EMA. The daily chart shows that there is a free traffic zone above the 200-day EMA.
If the bulls are successful in sustaining the price above the 200-day EMA, then the LTC crypto may experience a short-term price surge.
Litecoin Price Prediction 2023
On the last day, the trading volume increased by 74.37% and reached $438.27 Million. The LTC crypto ranks 17th among the top cryptos with a live market cap of $5.533 Billion. The volume-to-market cap ratio is 7.18% indicating mild volatility in the market.
The 50-day EMA implies an optimistic outlook and has acted as a dynamic support for the price. The price is currently testing the sellers’ strength near the 200-day EMA and shows a bullish candlestick in intraday.
The price prediction of LTC crypto showcases a neutral to bullish outlook by the year-end. The most optimistic estimate of the analysts expects the price to reach a high of $83.98 by the year-end. The pessimistic outlook of the analysts hopes the price may decline to $68.58.
Litecoin Price Prediction 2024
As per the analysts, the most optimistic target that Litecoin crypto price may achieve is $115.07; indicating an upside potential of 53.65% from the CMP. The minimum analyst price target is $95.132 by the end of 2024.
Litecoin Price Prediction 2025
Over the next three years, the optimistic view of analysts expects that the LTC price may reach a high of $181.012. The price may reach $146.1 according to the average forecast of analysts. The minimum forecasted price by the end of 2025 is $122.85.
Litecoin Price Prediction 2026
The Litecoin crypto price may reach a high of $226.8 if an optimistic trend prevails in the crypto market. On the flip side, the pessimistic view of the analysts expects the price to reach $164.6 by 2026.
Litecoin Price Prediction 2027
According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts for Litecoin crypto estimates a price target of $295.88. The minimum price target that LTC may achieve by 2027 is $214.31.
Litecoin Price Prediction 2028
The analysts are optimistic about Litecoin (LTC) and predict that the price could go up to $377.5 in the next five years. However, the pessimist analysts expect the price to reach the high of $281.69.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
