With the debut of the first Bitcoin (CCC:BTC-USD) exchange-traded fund this week, cryptocurrency history was made. The ProShares Bitcoin Strategy ETF (NYSE:BITO) has allowed Wall Street to obtain exposure to bitcoin without the risk associated with possessing it.
Bitcoin has soared as a result of this news, reaching an all-time high of $66,000, extending a record year in which the cryptocurrency has surged by more than 130 percent. Bitcoin isn’t the only cryptocurrency with a bright day ahead of it. Litecoin (CCC:LTC-USD) is now available for trading through interactive brokers, making this a good moment for investors to pay attention to Litecoin price forecasts.
Cryptocurrencies are experiencing a period of rapid growth. In one room, bitcoin is surging. Moreover, in another a pupcoin frenzy fueled by the rebirth of Dogecoin (CCC:DOGE-USD) and its puppy pack is heating up. As additional Bitcoin ETFs set to launch, investors are left with a pressing question. How far can a less popular cryptocurrency like Litecoin be propelled by this market momentum? Let’s have a look at what the experts have to say about Litecoin price forecasts.
Litecoin Price Predictions
According to CryptoNewsZ, Litecoin prices might reach $265 by the end of 2021, a significant increase from its current price of $206. It further forecasts that the optimistic factors that propelled Litecoin’s growth in 2020 and 2021 would continue in 2022. Prices might reach $330 by the end of the year, according to the report.
It is expected that the price of Litecoin would fluctuate between $500 and $600 by 2025. According to TradingBeasts, Litecoin will reach a maximum price of $213.88 before the end of 2021. It also set a minimum price of $145.43 and predicted that the cryptocurrency will complete the year at $171.10. The exchange also predicts that the price of Litecoin would move significantly in the first months of 2022, remaining around $171.
According to Coin Price Forecast, the price of Litecoin will hit $318 in the first half of 2022 and rise to $355 in the second half, representing a 74% gain over current levels. It predicts that the cryptocurrency will reach $435 in the first half of 2023. per the forecasts, Litecoin will end the year at $513, a 152 percent increase from its current value.
Verdict
It is predicted that the price of Litecoin will fall somewhat in the next months, ending 2021 at about $203. However, it is expected to start growing in 2022, reaching $235 by the end of January.
Although the platform predicts a drop in LTC throughout the spring, with prices dropping below $200, this isn’t the end. The coin is expected to surge again in June, according to the report. It then predicts LTC to make further gains in July and August, reaching $307 by the end of September.
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