Litecoin Price Prediction 2021, 2025 and 2030
With an almost decade-long history, Litecoin is definitely one of the most prominent altcoins which renewed its ATH this year. ChangeHero is going to give an overview of Litecoin price predictions 2021 and what these have to say about its price in a further future.
Litecoin Price Prediction 2021–2030
- Short-term Litecoin price prediction 2021 has to be the most bullish in comparison with other time frames. Some analysts claim LTC has the potential to surge to $1,00 and even $3,000;
- In contrast, Litecoin price prediction 2022 and in the next few years is very moderate and divisive;
- In the 2030 Litecoin price forecasts, LTC is generally expected to still be around, but its value growth is also subject to debate.
What is Litecoin?
Litecoin is a code fork of Bitcoin: it shares its source code, but no blocks. It was intentionally designed to provide an alternative to Bitcoin fit for daily use. More specifically, what does it do to be usable in this fashion? Litecoin features faster block times (2.5 minutes) and larger total coin cap (84 million), in comparison to Bitcoin. Litecoin development and promotion is overseen by a non-profit organisation, Litecoin Foundation. If you are interested in more details about Litecoin’s history, tech and community, you can find more specifics in our Litecoin guide for beginners.
Litecoin Price History
The initial price for Litecoin soon after launch in 2011 was only about 30 cents. By 2013, it had established a presence in the market and rose to $3.
LTC Price in 2013–2015
In late 2013, the first bull run for Litecoin began, taking its price almost to $45 ($44.73) by the start of 2014. By late 2014, Litecoin’s price had returned to $2. After two short periods of recovery in January and spring of 2015, Litecoin entered the consolidation period.
Litecoin (LTC) Price in 2016–2019
This period, when the Litecoin price stabilized at the $3 level, lasted for almost two years. The second bull run began in March of 2017 and culminated in a previous all-time high — $**375.29 on December 19, 2017. ** And again, a sudden rise was, as expected, followed by a market-wide correction. For Litecoin it lasted for the entire 2018, and the closing price for that year was $30.47. In 2019, Bitcoin had another brief bull market in which the LTC price climbed up to $146.43. By the end of the year, it was back at $40, which became a starting point in 2020.
Litecoin (LTC) Price in 2020–2021
After the March 2020 crash, Litecoin was recovering slowly but steadily. Since November 2020, following Bitcoin, it so far got as high as $386.45 — a new ATH (May 10, 2021). Following the peak, like Bitcoin and the whole crypto market, Litecoin pulled back drastically, bottoming at $113.16. On September 13, 2021 a press release claiming retail chain Walmart is going to accept Litecoin went public. The price instantly reacted by jumping from $175 to $231 before the press release was confirmed as false.
How much is Litecoin now? At the moment of writing, LTC has a market cap of $11,666,994,937.59 (16th rank by market cap), and with the circulating supply of 66,752,614.52 LTC, a single Litecoin is worth $174.86.
What Can Influence the LTC Price?
Partnerships
Litecoin Foundation that oversees outreach of the project is often announcing different kinds of partnerships and collaborations. For example, they sponsored NASCAR driver Landon Cassill in July 2021. To enable support of Litecoin payments, the Foundation struck some strategic partnerships with Aliant and Coingate, and native payments are available on Travala and TravelByBit.
Updating tech
The MimbleWimble protocol upgrade is still on track to be implemented in 2021. It will make Litecoin more embraced by crypto users that need privacy. The optional nature of privacy feature alleviates the risks of being delisted from exchanges that are strictly compliant. Most recently, Litecoin introduced OmniLite protocol for creating assets on the Litecoin blockchain. This specification, based on the Bitcoin-compatible Omni protocol, supports creation of non-fungible tokens (NFT) so Litecoin users will be able to capitalize on that booming market.
Adoption
As large and long-standing crypto projects often do, Litecoin has a foundation on its own. Litecoin Foundation’s primary goal is to increase awareness and adoption of the currency. Some of the businesses that accept Litecoin are Atari, PornHub, AlternativeAirlines, Travala and it is supported by PayPal. As one of the longest and most successful altcoins, it also attracted attention from institutional investors. Grayscale offers an LTC fund, which is reportedly in high demand due to the previous two factors.
With that in mind, let's see what Litecoin price predictions these factors lead up to.
Litecoin Price Prediction 2021
Citing Dan Gambardella and other LTC price predictions, YouTuber CryptoAddiction provides a target above $1,000. The reasons for that are usability of the coin, adoption by companies and upcoming updates.
PrimeXBT gives a very bold prediction for the near-term future of Litecoin. As soon as by the end of 2021, it can explode up to $3,000 per coin after trading sideways.
This forecast resource expects the Litecoin price to move in sync with the crypto market. According to their LTC prediction, Litecoin is going to be worth $469.25 USD.
Litecoin Price Prediction 2022–2024
Gov.capital’s algorithmic projections suggest that in a year from now, the LTC price will be approximately 40% higher than now. On the charts, they expect a bounce similar to the 2021 price movement. At the peak in May, Litecoin can reach $300.
Analytics service Trading Beasts actually has a mixed forecast for Litecoin in 2023. In mid-year, it can touch lows even below the current price, $134–140. By the end of 2023, it will recover and can reach $204 on average and $255 maximum. This movement of price can be explained by the 2023 Litecoin halving: bearish short-term, bullish in the long term.
Another far from bullish forecast for 2024 is given by Long Forecast. The year will open at $165 and close at $141, showing losses. During the year, volatility will be taking Litecoin prices higher, and at the April-May peak it can reach $320–335.
Litecoin Price Prediction 2025
Based on historical data, DigitalCoinPrice predicts that Litecoin will be worth $540 on average in 2025. Highest monthly average price is expected at $614.53 in November, while the lowest average can be expected in March: $472.12.
Economy Watch writer and analyst Connor Brooke gives a rough target at $500. Why? He believes that announcements made by the Litecoin Foundation can generate enough demand to push the price high.
The opinion of the Daily Forex outlet on the future of Litecoin is twofold. They think that speculative value is a more powerful drive of the price of this asset than real world uses. Nevertheless, their prediction for the future Litecoin's price is moderately bullish: they predict that it will be trading in the range between $400 and $700.
Litecoin Price Prediction 2030
As for the distant future, not many analysts feel up to the task. Using existing price data, Coin Price Forecast tries to predict that LTC will rise to over $700. More specifically, having started the year at $670, by mid-year LTC will rise to $704 and by the end of it — to $737.
An even more bullish scenario is painted by PricePrediction.net, in which they give a range of $5,551 and $6,588 for LTC in 2030. Given the time period, this is far from far-fetched for the crypto market!
ChangeHero’s Litecoin Forecast
As far as altcoins go, Litecoin is in a unique position: it is in a closer relation to Bitcoin than any other currency. At the same time its almost decade-long history proves that it can stand on its own. Litecoin could see the “digital silver” narrative emerge in the same way “digital gold” did for Bitcoin. Or it could become more widely accepted as the digital cash Satoshi wanted Bitcoin to be. Our prediction is that Litecoin will remain correlated with the market, but its altcoin status will ensure higher returns. Moreover, the Walmart news showed how adoption can impact Litecoin's price.
How to buy Litecoin with ChangeHero?
The fastest and easiest way to get Litecoin is to swap it with other cryptocurrency on ChangeHero:
- Choose the currencies on the home page, amounts and the type of exchange. Provide your wallet address in the next step and check the amounts;
- Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
- Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- All done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives;
- As soon as the exchange has been processed, your LTC is on the way to your wallet.
ChangeHero’s customer support is available 24/7 in the chat on the website or through the email: [email protected].
Conclusion
Litecoin turns out to be divisive when it comes to predicting its future: after all, new projects emerge all the time. On the other hand, Litecoin has withstood a decade on the market and shows no signs of being given up on. Take care and stay tuned to more content in our blog and our updates on Twitter, Facebook, in Telegram or the subreddit!
Frequently Asked Questions
What will Litecoin be worth in 2022?
Analysts are moderately bullish on Litecoin in 2022. They project that in 2022, LTC price can rise from $199 to $319.
What will be the price of Litecoin in 2025?
Different price target estimates give a range of $400 to $700 for Litecoin in 2025.
What will be the price of Litecoin in 2030?
Although not certain, Litecoin price predictions for 2030 give estimates from $704 to $6,588.
Will Litecoin go up in 2021?
Some analysts are still bullish on Litecoin in 2021 and predict it can bounce as high as up to $3,000.
Is there a future for Litecoin?
Most experts agree that the probability of Litecoin going to zero is non-existent. The reason for that is Litecoin’s long history and active awareness campaigns.
Disclaimer
This article does not constitute financial or investment advice. No price prediction or forecast is guaranteed to provide exact information on the future price and whether a coin is a good investment. When dealing with cryptocurrencies, remember that they are extremely volatile and, thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investing in cryptocurrencies only after careful consideration, your own research, and at your own risk.
