Early in February, buyers and analysts have been discussing the potential of a cryptocurrency crash. Nevertheless, at this time begins a brand new month and crypto costs are booming. Even after final week’s turbulence brought on by the U.S. Federal Reserve and geopolitical uncertainty, many in style cryptos are actually 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 general efficiency has been promising.
Whereas it did battle 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 possible proceed to maneuver in solidarity with Bitcoin (BTC-USD). This appears apt; Bitcoin has additionally had a superb week.
Litecoin price predictions remained general bullish final month, at the same time as costs fell. So, let’s take a more in-depth take a look at what specialists are saying now as LTC pulls again into the inexperienced.
Litecoin Value Predictions
- WalletInvestor stays highly bullish on Litecoin. It regards the crypto as an excellent one-year funding. In keeping with the platform’s value prediction mannequin, a $100 funding in LTC at this time would yield a income of 239% over the subsequent 5 years. If the mannequin holds true, the $100 LTC funding can be price 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 yr, a acquire of 135%. In keeping with this mannequin, a $100 funding at this time can be price greater than $235 in 2023.
- CryptoNewsZ predicts the bullish developments 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 yr, 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 by way of 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 will 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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