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Litecoin Q4 Forecast – Where will LTC stand at the end of 2022?

 


What is Litecoin?

Litecoin is a cryptocurrency that was launched in 2011. The Litecoin was the first cryptocurrency that was based on the design of the Bitcoin and was in principle the first successor to the cryptocurrency. The design of the Litecoin should be slimmer and lighter. 


Litecoin

In contrast to Bitcoin, Litecoin has a larger block size, which allows Litecoin to achieve a higher blockchain processing rate. A new block is created in the Litecoin blockchain every 2.5 minutes. With Bitcoin, this takes 10 minutes. This also ensures that a total of 84 million units can be created from Litecoin compared to 21 million from Bitcoin.


How has the Litecoin price moved in the last few months?

Litecoin has become known over the years for being very closely oriented towards Bitcoin. When Bitcoin saw gains, Litecoin quickly followed with high gains. In the event of Bitcoin losses, the Litecoin price also lost.


So it is not surprising that Litecoin has recorded similar percentage losses as Bitcoin in recent months. It is interesting to see, however, that the Litecoin price reached its all-time high of $413 in May 2021, while Bitcoin reached its highest value of $68,000 in November.


From a price of 280 dollars in November, the crash at the end of the year and at the beginning of 2022 followed, as with Bitcoin. The drop followed continuously until June, when the Litecoin price fell to 43 dollars.


Is Litecoin still a good alternative to Bitcoin?

In the past, Litecoin was a very good alternative to Bitcoin. As basically the second major cryptocurrency, Litecoin was able to establish itself as number 2 on the market and many investors have also invested in Litecoin in addition to Bitcoin in the past. Due to its smaller block size and faster processing speed, Litecoin was extremely interesting for many investors in the early 2010s.


Over time, however, Litecoin could not maintain its position in the top 10 cryptocurrencies. In recent years, the use of bitcoin has changed significantly. Bitcoin no longer wants to be the fastest decentralized currency and primarily a means of payment. Due to its deflationary structure, Bitcoin is primarily an interesting investment object and an alternative to classic financial assets. 


In addition to Litecoin, many new projects have developed in recent years that offer much faster transactions and additional smart contracts . As a result, interest in Litecoin has waned. This raises the question of what the future of Litecoin can look like.


What can the function of Litecoin be?

Litecoin continues to be an interesting alternative to Bitcoin. It has a very similar structure to BTC. When the Bitcoin price increases, the Litecoin price usually increases as well, which makes the cryptocurrency forecast very dependent on Bitcoin. Litecoin can continue to be the first alternative to Bitcoin. People who believe Bitcoin will rise can also invest in Litecoin, which in this case will most likely rise as well. 


Litecoin

Furthermore, Litecoin is probably the safest alternative to Bitcoin. The LTC has existed since 2011, making it the most established coin after Bitcoin. This makes the long-term forecast for Litecoin very positive, similar to the Bitcoin forecast. 


What is the Litecoin forecast for the end of 2022?

Litecoin has seen little movement in price over the past few weeks. As a result, the forecast for Litecoin is very unclear at the moment. But we can make some informed assumptions about how the Litecoin price could move in the coming weeks and months.


The Litecoin is a cryptocurrency, the course of which is very much based on the movements of the Bitcoin course. Should bitcoin rise sharply over the next few weeks, we should see a similar percentage rise in litecoin. In some cases, Litecoin moves more strongly than Bitcoin. In the past, Litecoin has often risen more than Bitcoin and fallen more than Bitcoin. 


If the Bitcoin price breaks through a resistance in the next few weeks and thus rises towards $30,000, the Litecoin price should also be able to rise again by 10-30%. On the other hand, if the Bitcoin price drops towards $15,000, we could see a 20-35% drop. 


Is a positive or negative Litecoin forecast more likely?

At the moment it is still very difficult to predict in which direction the market might move. This means that the direction of the Litecoin course can hardly be predicted with certainty. At the moment there are increasing signs that we could see prices drop again by the end of the year before the market recovers in the new year. 

Therefore, the Litecoin forecast for the end of the year is rather neutral to slightly negative. By the end of 2022, we could theoretically still see a 20-35% drop in current Litecoin. A breakout to the upside would also be possible, but is only likely in the new year. Therefore, we can make a cautious Litecoin forecast of $35 to $60 by the end of 2022. 


Is it still worth investing in Litecoin?

The Litecoin could still be worth an investment in the coming weeks and months. Its advantage is its long history on the market, which makes the coin much more established and therefore slightly safer than other altcoins. It is therefore a good addition to Bitcoin in your portfolio.


Especially in the bear market you can now buy the Litecoin at low prices and thus make more profits in the following bull market. A renewed increase in the Litecoin price in the next bull market is therefore very likely, since the price should very likely follow the Bitcoin price again. 

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