Litecoin (LTC) Price Prediction 2022-2025: Can LTC Stand Alongside Bitcoin (BTC) and Ethereum (ETH)?

As Bitcoin hovers around $100,000, the entire crypto market is rejoicing with greens, which has sent the total crypto market cap past $3.5 trillion.

As Bitcoin hovers around the $100,000 mark, the entire crypto market is rejoicing with greens, which has sent the total crypto market cap past $3.5 trillion.

While BTC, much like always, continues to lead bull cycles, memecoins have emerged as the leading narrative, surpassing utility coins. This time, there are no whitepapers or litepapers to take a deep dive into the project's value and understand the fundamentals.

Crypto's run-up these past two years has been dominated by memecoin. A primary reason for this traction has been regular crypto users being fed up with backroom dealings where projects raise money from venture capitalists (VCs) by selling their coins at a really low price. These VCs then dump their coins on the retail after the project goes live, and the token gets an exchange listing.

But with memecoins, there's no such shenanigans involved. With platforms like Pump.fun making it extremely easy for anyone to launch memecoins, everyone has to buy tokens in the open market and race to dump on each other.

There are no rules either; memecoins are simply an attempt to be lighthearted and attract a user base by promising a fun community while offering a really low entry point. They have no utility beyond this and tend to be highly volatile, even more so than the typical crypto.

Memecoins are simply cryptocurrencies representing animals, artwork, characters, or individuals. As a matter of fact, absolutely anything can be used for a memecoin. Actually, the coins that have been utility coins throughout your crypto journey have been switching into memecoins, too.

This is exactly what digital silver and Bitcoin's digital gold, Litecoin (LTC), have done. On Nov. 14, this over-a-decade-old coin got renewed interest when the person behind Litecoin's X (previously Twitter) account put this on social media:

The post came amidst the memecoin market cap reaching a new high, signaling a slow return of retail interest into the market. This was on the back of the listings of two popular memecoins, Pepe and Dogwifhat (WIF), and on major U.S. exchange Coinbase. Pepe, the frog coin that started the memecoin mania last year, was also listed on Robinhood, a leading brokerage platform popular among retail in the US.

So, with its humorous attempt to get the same attention that memecoins have been getting, Litecoin also jumped in on the trend. As can be seen from the response the post generated, Litecoin suddenly got a lot of attention, which helped its price gain traction.

The price of LTC surged more than 42% since that post as it moved past $106, a level last seen in early April this year. Crypto exchange Gate.io even listed it under the memecoin section.

At the time of writing, the 26th largest cryptocurrency, with a market cap of $7.34 billion, has been trading at $97.57 while managing $1.174 billion in 24-hour volume.

Still, LTC price is only up a mere 35.21% this year compared to other older coins like Bitcoin, which is up 133.35%, XRP's 144.5% gains, ADA's 79%, Tron's 96.69%, and XLM's 317% upside during the same period.

But then, there's Ethereum, whose 52.66% year-to-date (YTD) performance has also been a disappointing one despite the second-largest cryptocurrency getting a Spot exchange-traded fund (ETF) approved.

While ETH is only 29% off of its peak, LTC is a whopping 76.3% away from its all-time high (ATH) of $410.26 hit in May 2021. The same trend can be seen in Litecoin's open interest (OI), which surged to $472 million on Nov. 24, though nowhere near its last bull cycle peak of a billion dollars, as per Coinglass.

A Memecoin or a Utility Coin: Understanding Litecoin

Litecoin (LTC) was launched in 2011, only a few years after Bitcoin, by Charlie Lee, an MIT graduate and former Google engineer. It utilized Bitcoin's source code but made changes to make it faster and cheaper.

Referred to as “the silver to Bitcoin's gold,” the idea with Litecoin wasn't to create a replacement for Bitcoin but to provide yet another blockchain to the developing crypto ecosystem, which is decentralized but has faster block generation. So, as a digital gold, Bitcoin acts as a store of value, while Litecoin, as a digital silver, is to be used to facilitate transactions.

Much like Bitcoin, Litecoin also experiences hal