Despite being a lite version of Bitcoin, LTC price failed to grab the attention of the market participants and therefore continues to trade within narrow ranges.
As per Coinpedia’s formulated Litecoin price prediction, most of the foremost institutions could invest and accept LTC as a payment. It is a possible reality as the fact that LTC lowers transaction speeds and costs, which is anticipated to be appealing.
As per the platform if the coin gains some hype in the upcoming months, then the price of LTC can strike a high of above $83 in 2022. However, with increasing bearish influence, LTC can fall to a price level at $54 until the end of 2022.
My average in is also around ~75-80 and I’m personally not selling a dime till its over $1000 minimum. No stop losses as well as I’d worry about getting washed out on a bull run of epic proportions. But in all honesty keeping stop losses is a safe way to go and not many people can hold through the tides of the price changes, its also smarter to take profits along the way. For me its all or nothing though, Litecoin has such a bright future ahead!
Edit Realistically I wouldn’t sell a single coin if I didn’t have to though ya know? Sending Litecoin directly is the way to go!
Also all in on Litecoin till the ratio reaches the minimum 4 LTC = 1 BTC. Then I might consider holding some btc as there is too much value in having two non-competing blockchains of such similarity for security reasons.