{"id":35934,"date":"2022-11-22T20:42:37","date_gmt":"2022-11-22T20:42:37","guid":{"rendered":"http:\/\/egrowonline.com\/?p=35934"},"modified":"2022-11-22T20:42:37","modified_gmt":"2022-11-22T20:42:37","slug":"litecoin-ltc-price-prediction-for-december-31-2022","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=35934","title":{"rendered":"\u200b\u200bLitecoin (LTC) price prediction for December 31, 2022"},"content":{"rendered":"


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As the FTX<\/a>-induced devastation in the cryptocurrency sector<\/a> continues, Litecoin (LTC<\/a>) has held its own and even climbed over 10% on November 22 to be one of the crypto markets\u2019<\/a> top gainers.\u00a0<\/p>\n

The ascent of Litecoin<\/a> seems to have piqued some interest, given the current climate in the cryptocurrency market, and investors are seemingly on the lookout for the next levels to monitor.\u00a0<\/p>\n

Notably, the crypto community at CoinMarketCap<\/a>, using the Price Estimate tool, sets the price of Litecoin to trade at an average of $58.36 <\/strong>by December 31, 2022, according to the data retrieved by Finbold<\/a> on November 22.<\/p>\n

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Social LTC price estimate for December 31. Source:\u00a0CoinMarketCap<\/em><\/figcaption><\/figure>\n

If the community\u2019s predictions, which result from 317 votes cast by press time, materialize, they would represent a decrease of $11.95<\/strong> or -16.99%<\/strong> to the current price of $70.01.<\/p>\n

Litecoin technical analysis<\/h2>\n

It\u2019s worth mentioning that the technical analysis<\/a> (TA) indicators for Litecoin are bullish on the daily gauges. The summary gauge points to a \u2018strong buy\u2019 sentiment at 17, similar to the moving averages<\/a> (MA), which suggest a \u2018strong buy\u2019 at 14.<\/p>\n

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LTC 1-Day technicals. Source: TradingView<\/em><\/figcaption><\/figure>\n

The oscillators<\/a> indicate a \u2018buy\u2019 sentiment at 3, while the majority (8) occupy the \u2018neutral\u2019 zone, according to the data obtained from the market analytics platform TradingView on November 22.<\/p>\n

Notably, crypto analytics platform LunarCrush noted<\/a> on November 21:<\/p>\n

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\u201cWhile the crypto market is experiencing yet another down day, Litecoin is holding up surprisingly well with positive social + market activity relative to other majors.\u201d<\/p>\n<\/blockquote>\n

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LTC 1-week activity. Source: LunarCrush<\/em><\/figcaption><\/figure>\n

LTC price analysis<\/h2>\n

Economist and crypto trader Christopher Inks highlighted<\/a> on November 22 that Litecoin might potentially rally another 45-50%:<\/p>\n

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\u201cLitecoin found support and rallied off the HVN area of the 5 year range in June. Breaking out above the local swing high at 73.29 will give the rally some legs to the tune of around 45-50% at least. $LTCUSD\u201d<\/p>\n<\/blockquote>\n

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LTC levels to watch. Source: Christopher Inks<\/em><\/figcaption><\/figure>\n

Elsewhere, the President of Bianco Research LLC, Jim Bianco, reaffirmed Litecoin as the best performer of the major cryptocurrencies since the story about FTX\u2019s balance sheet on November 2<\/a>. <\/p>\n

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Nov 2 was the CoinDesk story about FTX’s balance sheet.<\/p>\n

MAJOR crypto prices (ex stablecoins) since Nov 2 below.<\/p>\n

The Bloomberg Galaxy Crypto Index is -25.85%. <\/p>\n

Best performer is litecoin, by a lot, +1.97% (only gainer).<\/p>\n

Worst performer is Solana, by a lot, down -61.91%.<\/p>\n

Why? pic.twitter.com\/UKE0t7RRQr<\/a><\/p>\n

\u2014 Jim Bianco biancoresearch.eth (@biancoresearch) November 22, 2022<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Currently, Litecoin is trading at $70.01, up 14.34% in the last 24 hours and a further 18% across the previous week. Litecoin has a total market worth of $5 billion, according to data acquired by Finbold at the time of publication.<\/p>\n

Disclaimer:\u00a0<\/strong>The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.<\/em><\/p>\n<\/div>\n


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As the FTX-induced devastation in the cryptocurrency sector continues, Litecoin (LTC) has held its own and even climbed over 10% on November 22 to be one of the crypto markets\u2019 top gainers.\u00a0 The ascent of Litecoin seems to have piqued some interest, given the current climate in the cryptocurrency market, and investors are seemingly on […]<\/p>\n","protected":false},"author":1,"featured_media":35935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[43],"tags":[806,199,262,498,195],"class_list":["post-35934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-december","tag-litecoin","tag-ltc","tag-prediction","tag-price"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/11\/Litecoin-LTC-price-prediction-for-December-31-2022.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/35934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35934"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/35934\/revisions"}],"predecessor-version":[{"id":35936,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/35934\/revisions\/35936"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/35935"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35934"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}