Just like finance is not limited to gold, the crypto market does not revolve exclusively around Bitcoin. With an almost decade-long history, Litecoin is definitely one of the most prominent among the altcoins. ChangeHero is going to give an overview of what LTC price predictions have to say about its future price.
What is Litecoin?
Litecoin is a code fork of Bitcoin (meaning it shares its source code, but no blocks). It was explicitly designed to mimic the original while making it suitable for daily use at the same time. Litecoin features faster block times (2.5 minutes) and larger total coin cap (84 million), in comparison to Bitcoin. You can find more specifics in our Litecoin guide for beginners.
At the moment of writing, LTC has a market capitalization of $13,154,923,350 (9th rank), and with the circulating supply of 66,667,627 LTC, a single Litecoin is worth $197.32 USD (source: CoinMarketCap).
Litecoin Price History
The initial price for Litecoin soon after launch in 2011 was only about 30 cents. By 2013, it had established presence in the market and risen to $3.
LTC Price in 2013–2015
In late 2013, the first bull run for Litecoin began, taking its price over $30 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.
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 the all-time high for Litecoin — $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. The price had climbed up to $146.43. But by the end of the year, it was back at $40, which became a starting point in 2020.
LTC Price in 2020–2021
After the March crash, Litecoin was recovering slowly but steadily. Since November 2020, following Bitcoin, it so far got as high as $245.96. At the time of writing, 1 Litecoin is worth $197.32 USD.
What influences the price
One of the largest partnerships Litecoin Foundation has scored so far has been with Atari, a pioneer American entertainment enterprise. It entails more marketing opportunities for both of these companies.
MimbleWimble protocol upgrade is ready 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, like Coinbase.
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.
Thoughts from Influencers
— Carlos Estrada 🥃 (@MrVigilanteBTC) March 10, 2021
Coin Vigilante host Carlos Estrada breaks the latest Litecoin news: MimbleWimble code will be ready by March, 15! At that point, only testing is left before the release.
Next to that an impressive amount of volume recently and strong bullish divergences.
— Michaël van de Poppe (@CryptoMichNL) February 18, 2021
Writer, trader and analyst Michael van de Poppe analyzed the LTCBTC chart. On a first glance, LTC is undervalued but the volume and divergences he spotted let him make a Litecoin prediction of $450–700 in May-July 2021.
— Pentoshi 🐧 (@Pentosh1) February 22, 2021
Litecoin, like Bitcoin, is seeing adoption by institutional investors, too. So much so that at this point, Grayscale owns 2.11% of the total supply of LTC, as Pentoshi noticed.
Litecoin Price Prediction 2021
PrimeXBT Litecoin Price Prediction 2021: new ATH
PrimeXBT gives a positive prediction for the future of Litecoin. They expect the rally to extend into the future. LTC’s price can test the resistance at $416 USD, bringing it near to a previous ATH of 2018.
In an alternative scenario, they predict a return to $75 before a higher push up.
Previsioni Bitcoin Litecoin Price Prediction 2021: $525.26
This forecast resource expects the Litecoin price to move in sync with the market. According to their LTC price predictions, by the end of 2021, Litecoin is going to be worth $525.26 USD.
Crypterium Litecoin Price Prediction 2021: $600
Crypterium analytics weigh in with the upcoming technical updates to Litecoin. They are confident the enthusiasm from the community will amp the price up to $600 by the end of the year.
LTC Price Predictions in 2022 to 2024
Gov.capital’s Litecoin Price Predictions for 2022: $245
Gov.capital’s algorithmic projections suggest that LTC will not revisit its 2018 highs in 2022. In a year from now, the LTC price will stay in a $180–250 range. In February 2022, it will try to break out above $245, which will be the max price in the next 365 days.
TradingBeasts LTC Price Predictions for 2022–2024: $190–340
In January 2022 Litecoin will be in recovery. The opening price of 2022 will be 4.70% lower than now, an average of $191.81. By 2022 Q2, the price will be on the rise again.
2022 is expected to close and 2023 to open with LTC at $235–239. Yearly minimum average will happen in January 2023: $203.55. The maximum average price can occur in December, up to $359.47.
The rally will continue well into 2024, when average monthly trading LTC price will exceed $300 in March 2024 and approach $340 by December.
LongForecast LTC Price Predictions: $130–513 in 2022–2024
This popular prediction service gives a detailed breakdown of LTC prices for the next few years by month.
2022: the opening price for this year is $513 USD. That year, bear market prevails, and Litecoin ends up more than twice as cheap at the year’s close: $208.
2023: The bear market continues with a brief bull market March through July. The closing price is even lower than now, $178.
Finally, in 2024, LTC fluctuates between $170 and $130. In a brief end-of-year rally it will rise to the closing price of $232 in 2024.
LTC Price Predictions for 2025
DigitalCoinPrice Litecoin Price Prediction 2025: $593.6
Based on historical data, DigitalCoinPrice predicts that Litecoin will be worth around $600 in 2025. The maximum price will be reached in November, when it will be traded at $675.32 on average. There is a possibility that this forecast includes the influence of the next Litecoin halving in 2023, since it is a cyclical predictable event.
StormGain LTC Price Predictions: $150–$160 in 2025
StormGain gives a positive forecast for Litecoin five years from now, since it has a large user base. It also has great outreach and awareness campaigns, carried out by the Litecoin Foundation. However, they are not as bullish for LTC predictions because in Litecoin’s lifespan other altcoins gained traction. And so, they expect LTC to be worth about $150–160 in 2025.
Crypterium LTC Price Predictions: $1,200 in 2025
The next Litecoin mining reward halving to 6.25 LTC is expected to happen in August 2023. Halvings promote asset scarcity to investors, so Crypterium predicts that this might take the price of LTC up to $1,200 five years from now.
LTC Price Predictions for 2030
Crypterium LTC Price Predictions: $1,500 in 2030
The same Crypterium forecast we already mentioned speculates that the rate at which LTC grows will slow down a bit. According to it, it is reasonable to expect $1,500 for one LTC in ten years.
TradingOnlineGuide.com Litecoin Price Prediction 2030: $600
Marco Sbalchiero relies on the big picture to give his prediction. In a decade, cryptocurrency prices will stabilise and value will accumulate with more investors owning the currency. When the whole cryptocurrency market matures, the Litecoin will go up to $600 USD, in his opinion.
LTC Price Predictions 2021–2030
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 and at the same time its almost decade-long history proves that it can stand on its own.
Our conclusion and prediction for Litecoin is, as long as these conditions are met, it will attract new investors. It 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.
How to buy Litecoin fast 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;
- 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.
The Best Rate transactions will use the rate current to the time when your funds arrive.
The Fixed Rate will use the rate at the time of step 1;
- 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].
Bitcoin is expected to take the whole market on the rally. Litecoin is a solid choice if you want to hop on the altcoin train. Should I buy Litecoin 2021? Ultimately, with the information we gave you, it is for you to decide. Remember that you can exchange Litecoin on ChangeHero like it was intended: for a small and fair fee and extra fast.
This article is not a piece of financial advice. No price prediction is guaranteed to provide exact information on the future price.
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 investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.