Early in February, buyers and analysts have been discussing the opportunity of a cryptocurrency crash. Nevertheless, as we speak begins a brand new month and crypto costs are booming. Even after final week’s turbulence attributable to the U.S. Federal Reserve and geopolitical uncertainty, many fashionable cryptos at the moment are again within the inexperienced. One of many day’s winner is Litecoin (LTC-USD). Presently, the peer-to-peer altcoin is up 3%-plus for the day and greater than 6% for the week. Though it continues to be outperformed by Cardano (ADA-USD) because the ADA blockchain grows, LTC’s total efficiency has been promising.
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Whereas it did wrestle in early February, the information was not all dangerous for Litecoin. For instance, InvestorPlace contributor Mark Hake notes that new advances in privacy technology might play to the coin’s benefit. Nevertheless, Hake does add that Litecoin would seemingly proceed to maneuver in solidarity with Bitcoin (BTC-USD). This appears apt; Bitcoin has additionally had a wonderful week.
Litecoin price predictions remained total bullish final month, whilst costs fell. So, let’s take a more in-depth take a look at what consultants are saying now as LTC pulls again into the inexperienced.
Litecoin Worth Predictions
- WalletInvestor stays highly bullish on Litecoin. It regards the crypto as an impressive one-year funding. In keeping with the platform’s value prediction mannequin, a $100 funding in LTC as we speak would yield a income of 239% over the subsequent 5 years. If the mannequin holds true, the $100 LTC funding can be value as much as $339 in 2027.
- Gov Capital‘s Litecoin value predictions are even more bullish. The platform foresees LTC costs reaching $242.93 in a single 12 months, a achieve of 135%. In keeping with this mannequin, a $100 funding as we speak can be value greater than $235 in 2023.
- CryptoNewsZ predicts the bullish traits which have been pushing LTC costs up since 2020 will proceed into 2022. In keeping with its mannequin, the primary half of 2022 will see Litecoin transfer “below the worth vary of $191 to $219.” For the next 12 months, it predicts a minimal value of $254 and max value of $350 for the coin.
- Lastly, DigitalCoinPrice predicts that LTC costs will continue to rise steadily via 2025. Its mannequin foresees the crypto reaching $153.36 in 2022, $185.31 in 2023 and $202.97 in 2024 earlier than hitting $239.53 in 2025. In keeping with the platform, Litecoin costs can even dip to $218.48 in 2026 however rebound to $307.61 in 2027.
On the date of publication, Samuel O’Brient didn’t maintain (both straight or not directly) any positions within the securities talked about on this article. The opinions expressed on this article are these of the author, topic to the InvestorPlace.com Publishing Guidelines.
Article printed from InvestorPlace Media, https://investorplace.com/2022/03/litecoin-price-predictions-how-high-will-ltc-go-amid-a-crypto-boom/.
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