The recent crypto market crash of 2022 has made a lot of investors lose their money, especially those who had Terra in their portfolios. This incident has made all the investors very cautious and careful while betting their money on any crypto asset. That is why we have come up with the Litecoin price prediction so that you can make a better investment decision for yourself based on your investment goals.
What is Litecoin (LTC)?
Before starting with LTC price prediction, let’s see how it started. The cryptocurrencies around the world have their own unique features and their unique identities. While some promote they are the most well-known, some join the bandwagon of being the hallmark of privacy—way back at the end of 2010, Charlie Lee, the ex-Googler, thought of something entirely different.
The former Google employee was aware of Bitcoin, frequently referred to as Digital Gold, but Charlie Lee wanted something special for investors. They could always rely on lighter and affordable forking out from Bitcoin like Bitcoin Cash. In fact, Litecoin got its distinctive name derived from Bitcoin only. In a way, it is an improvised version of Bitcoin. The added protocol has done further good to the cryptocurrency’s sustainability, giving it longevity and more reliability.
Consequently, Litecoin was released by an open-source client on GitHub on the auspicious day of October 07, 2011, while the network went live on October 13 subsequently. Featuring among the top 10 cryptocurrencies globally, Litecoin is represented with the symbol LTC as the prized digital asset in today’s crypto market.
|Price Change 24h||+5.23%|
|Price Change 7d||-8.02%|
|Circulating Supply||70,396,631 LTC|
|All time high||$412.96|
|All time low||$1.11|
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Litecoin – A Lot Lies in Store
Conventional payment system options via fiat currencies somehow have not made lives easy for users. Due to limited supply and accessibility issues, Bitcoin also had its limitations. This happens to be the core area of expertise for LTC. Litecoin has been at the center stage of all crypto transactions and has promulgated better payment systems.
The salient features of LTC have made a significant difference for investors, especially in terms of speed in confirmation and enormously reducing the transaction fees. Litecoin happens to work on the same consensus mechanism as its Parent on Proof-of-Work (PoW). It, too, has optimally benefited from blockchain algorithms even though the algorithm with which Litecoin works is “Scrypt,” mainly having the upper hand in mining. In other words, anyone who is participating in the consensus activity has a chance to write the next block or record on the network.
Another major focus area of LTC is to meet growing consumer demands as per the cryptocurrency market situation by unlocking the power of blockchain, significantly strengthening the global payments infrastructure. Exploiting the power of crypto-asset technology, Litecoin has successfully accelerated the speed, cost, and trustworthiness of the masses, especially in the way they execute transactions.
The lightning speed with which Litecoin processes the transaction makes a significant difference to the entire ecosystem of payments. LTC can expedite each process within 1/4th of the time taken by its parent. On top of it, the available LTC today stands at 84 million, thereby coveting the honor of being a highly sustainable medium of exchange. Today, most investors know the LTC token as a peer-to-peer internet currency facilitating instant, near-zero cost payments.
Litecoin– The Community Footprints
As a premier organization, the Litecoin team has also naturally assumed corporate social responsibility. Hence, they are working actively towards the mission of the Litecoin Foundation, where expert developers, researchers, and scientists from the entire team of professionals are dedicated to promoting cutting-edge blockchain technology for the sheer cause of an empowered society. The Board of Directors is headed by Charlie Lee, the creator of LTC; other members in leadership include John Kim, Xinxi Wang, Alan Austin, and Zing Yang.
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Partnerships play a vital role in the world of crypto assets. Mainly because they are major drivers of mass adoption, LTC has forayed into many too. Disseminating awareness as well as comprehension of digital assets, Litecoin company has been aggressive in sealing certain very pivotal nuptials.
For instance, Travala, a close Partner of Litecoin Foundation, facilitates hotel booking for all LTC holders in more than 210 countries, covering over 82,000 locations. The Foundation has also not missed out on signing a pact with certain major fiat-crypto payment processors like Aliant Payments and CoinGate. Litecoin has become the crusader of making LTC acceptable at Merchant establishments as a payment mode with this partnership. It serves as a payment intermediary where it automatically converts Litecoin into fiat and deposits the fiat into the merchant’s account.
Litecoin has added Mimblewimble, a blockchain design for storing and structuring transactions to further leverage fungibility and privacy features. Other technologies include the second layer scalability solution Lightning Network (LN), Atomic Swaps, and Colored Coins. It has launched applications for smart contracts.
Litecoin – The Historical Voyage
Since Litecoin forks out from Bitcoin, the major price fluctuation patterns of Bitcoin find similarities with Litecoin prices as well. Even though there are no typical correlations between Bitcoin & Litecoin prices, the latter started with a slower momentum. However, it has been a consistent performer for the past 3 years between BTC & LTC. The bull cycle has not been aggressive but has been quite potent for the price of LTC.
The credit for the price surge of Litecoin is also due to the mining reward event that this asset hosted. LTC was at an all-time low in January 2015 with a value of $1.11, while its all-time high was $412.96, seen on May 10, 2021. The price of Litecoin has been hovering but now staying stable. Pandemic has made most of the cryptocurrencies topsy-turvy. LTC is no exception either, but it has survived the vulnerabilities. Hence the price trends are generally showing a slowdown. With the current circulating supply standing around 70,396,631.28, LTC, no wonder, has garnered a significant market capitalization. Furthermore, it also means that only around 13,603,368.72 coins are left for miners to mine.
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Latest News on Litecoin
One of the news that is doing the rounds in the LTC world is regarding the MimbleWimble (MWEB) Upgrade. LTC has activated the MWEB upgrade to enhance the privacy of the network during transactions. It was launched on May 19, and now the users can conceal their transaction data. In addition to the increased privacy, it also benefits the users with lower transaction fees. At the same time, the scalability and throughput of the platform have also significantly increased.
Apart from this, another great news that came recently is that the Litecoin Foundation has now partnered with Antpool. It is one of the top-most leading digital currency mining platforms. Both have joined hands to develop a new research laboratory, ‘LTC Labs’ for digital currencies.
That’s not the end of the milestones of the LTC network. It has also been accepted by recognized stores and brands. It is like a cherry on the cake for the investors because more acceptance indirectly means better price movements for the coin. Recently, one of the top brands’ Gucci’ announced that it would soon accept major cryptocurrencies such as BTC, ETH, and LTC as payment methods.
Not just that, Litecoin foundation has also announced the roll-out of its VISA debit card. That means LTC is now accepted anywhere and everywhere VISA is. So, every merchant that was accepting VISA till today will now support LTC card as a payment method.
Experts’ Take on Litecoin Prediction
While the initial phase for Litecoin did not see much acceptability with the masses, it took time for LTC to build that trust and work towards it. Undoubtedly, it emerged as a leader and today stands tall at the price of $65.55 at the time of publishing. Litecoin prediction from many crypto experts opines that LTC has immense potential for market cap and encourages investors to give glowing recommendations as below for this digital asset:-
Litecoin has generated a lot of interest since it started being accepted by PayPal. As we’ve seen, it has reached an all-time high, and it is certainly possible that it can grow even further, potentially reaching $500 at some point.
Based on our forecasts, a long-term increase is expected for the LTC price. The price prognosis for 2027 is $238.6. With a 5-year investment, the revenue is expected to be around +260.58%. The average price at the end of the first half of 2027 is $316.456.
Consolidating trends show that there is hope for Litecoin and show it may go on a higher sentiment. It may cross $150 by 2022. At the beginning of the first half, it is expected to hover around $140 to $100 whereas, at the end of the second half, the price is forecasted to be $150 to the higher end.
LTC price started at $149.11 in 2022. The forecasted Litecoin price at the end of 2025 is $183.36 – and the year-to-year change is +170%. In the first half of 2023, the Litecoin price will climb to $125.09; in the second half, the price will add $28.15 and close the year at $153.24, which is +126% of the current price.
Coin Price Forecast
According to our predictions, Litecoin price might cross the $94.31 mark by the end of 2022 and $137 by the end of 2025, which is +51.98% of the current price.
Digital Coin Price
The Litecoin price is forecasted to reach above $110 by 2024. The expected maximum price is $114.8, and the minimum price is $50.8. The linear and polynomial regressions model is used for Litecoin prediction.
Litecoin Technical Analysis
At the time of writing this Litecoin price prediction, the current price of Litecoin is trading at $65.55, which is up by 5.27% in 24 hours, with a market capitalization of $4,614,684,568.
According to the Litecoin forecast, the price started at around $85 in early December 2020, later short-term LTC price drop was seen for four days straight, and by the year’s end, the average price was around $160. As per the technical analysis, the resistance and support levels are affected by other factors in the crypto market.
Pandemic had done no discrimination when it comes to cryptocurrencies. Most fiat currencies, as well as other investment avenues, had met with the same unfortunate fate. But the year 2021 was quite profitable, especially for LTC investors. But now, again, with the huge market crash of 2022, they are considering whether it is worth investing in Litecoin.
Almost a year ago, on May 10, 2021, the LTC price created a new All-time high price of $412.96. However, the resulting journey was not a good one for LTC due to profit booking sentiments. As per the Litecoin price prediction and the technical analysis, LTC needs to create huge buying demands to attain the ATH price again.
After reaching the All-time high on May 10, 2021, the coin has been unable to cross that level or even come close to it. However, it touched the $278 mark on November 14, 2021. The current price is quite close to the immediate support level; it is imperative for LTC to sustain that level. With that being said, here are some Litecoin price predictions for the long and short term:
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Litecoin Price Prediction: 2022-2026
It is not an unknown fact anymore that cryptocurrencies can either make you rich from rags or vice versa. It is only wise to conduct detailed research and read more about the fundamentals and price history of the cryptocurrency before making any investment decision.
With that being said, here is our LTC price prediction for the coming few years.
Litecoin Price Prediction 2022
The bullish trend for LTC/USD price started around the end of 2020 and was quite profitable for the investors. However, the beginning of 2022 has not been very profitable. Somewhere between the past year to 2022, a fall in Litecoin price could be seen. After creating a middle-term high of $278 on November 14, 2021, the price sharply fell. LTC has been trading sideways for the first half of 2022 with no major ups and downs. It moved in the price range of $90 to $150 for the first half.
Currently, the Bollinger bands have squeezed, and the volatility is lesser than before. RSI is moving in the upward direction towards the overbought zone. The current scenario is giving mixed sentiments and thus is not suitable for a short-term investment. However, the current prices are pretty suitable for long-term investment.
Litecoin Price Prediction 2023
According to Litecoin predictions, considering how well the price of LTC performed in the past, it is estimated to show an average price of $100 within one year, which is +50% of the current price. The Litecoin price prediction for the year 2023 reveals LTC to hit a maximum price of $110, and the minimum price to expect can be $85.
Litecoin Price Prediction 2024
Evaluating the historical data, the Litecoin prediction estimates the price to be at least $90 per coin. Given the acceptance of Litecoin and other cryptocurrencies by more and more people in recent times, investing in the pool can turn out to be a good investment in the long run. As per the LTC price prediction, the average price and maximum price can be around $105 and $125, respectively.
Litecoin Price Prediction 2025
If we try to answer, “What will Litecoin be worth in 2025?” According to CryptoNewsZ, Litecoin’s price may fluctuate between $115 and $150 for the year 2025. There might be some significant changes in industry scenarios, market positions, economic overruns, policy restructuring, or any other political reason for the coin to host its performance on exchange. LTC, however, is known to be resilient and consistent. Global economics may have its own effect on price movement, but so far, the one-year Litecoin prediction seems to be optimistic.
Some experts also predict that price correction may also be effective around this period reflecting a price drop of LTC to be around its support of $95 in 2025. Region-specific changes also affect the price of LTC and its market cap. For instance, a new shopping mall in Singapore has installed an ATM that accepts Bitcoin and Litecoin.
Hence reaching toward its futuristic goals, one thing that can be guaranteed about LTC is that the stars are bright for this asset. Having revolutionized the entire global page of transactions, LTC embarks on the voyage of leaving a remarkable footprint on this ecosystem. As per the LTC price prediction 2025, it seems to be racing to set a record affirming its position and showing stability.
Litecoin Price Prediction 2026
As this year is preceded by the major events along with a tremendous surge in the price of Bitcoin, there should be a bullish trend driving Litecoin price action to continue to perform at a minimum of $115 for sure. Before the year ends, we can say that the price of LTC will be around $160, which should be a good attraction for traders and individual investors to pour their money into the LTC kitty.
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LTC Price Prediction for the Long Term
Though far-fetched, it can’t be ignored that LTC will have grown manifold as per our Litecoin prediction by the end of this decade. A larger part of this cryptocurrency comes from rapid-fire transaction processes backed by robust technological innovations, sure aiding LTC price towards a positive end. As per Litecoin price prediction 2030, the price might even reach the value of $350.
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Is Litecoin a good investment?
Yes! According to future price forecasts, the LTC price is going to increase. As per the current surge in the price, by the end of 2022, the average Litecoin price is expected to be $90.
Is it profitable to invest in Litecoin?
Based on the data and Litecoin price prediction 2030, it can be predicted that it is profitable to invest in LTC from a long-term perspective. It is expected that the LTC can reach a maximum value of $350 by 2030, as per our Litecoin forecast.
Where to buy Litecoin?
Many trading platforms and crypto exchanges, such as atomic wallet, Litecoin wallet, CEX.io, etc., can be used to purchase LTC. Register yourself with your KYC credentials and transact via any of your Master or Visa credit cards. Post verification, your altcoins are transferred to your LTC wallet. All in just 30 minutes!
Will Litecoin go up?
According to Litecoin price prediction, its price is estimated to hit the $100 mark in the year 2022. The price is expected to rise in the future, given the overall Litecoin projections and growth. The optimistic forecast correlates to the positive outlook of the long-term earning potential of the cryptocurrency.
How high will Litecoin go?
In the next five years, the expected maximum Litecoin price is $190, with an average future price to be around $150 for the year 2026. Our Litecoin price predictions should not be considered investment advice. Crypto investors are requested to perform their own research and Litecoin technical analysis from historical data, trend line, support level, and various factors before planning any financial decisions to minimize the risk of the crypto market due to the high volatility.
What is the future of Litecoin?
By the end of 2022, as per LTC price predictions, the price is estimated to hover around $85. Many Litecoin price predictions expect a positive future compared to other cryptocurrencies. Experts predict an optimistic scenario for the network in terms of the Litecoin cryptocurrency market cap.
What is Litecoin Price Prediction 2030?
The growth for the next few years compared to the Litecoin price today is surprisingly high, with an average price of $320.56 and hitting the $350.24 mark. One should keep in mind that this LTC price prediction is highly approximate and is often just speculation.
Will Litecoin rise again?
As per our Litecoin forecast for 2022, the expected maximum LTC price may be around $103, and long-term price prediction suggests Litecoin may rise to $190 in five years. Past performance does not guarantee future results. Investors are advised to make financial decisions by evaluating their own risks to avoid losing money rapidly in a high-risk market.
Will Litecoin Reach $1000?
Crypto assets have the ability to give more than 1000X returns within a short span of time. We have seen the prices rising unexpectedly for a lot of coins such as Bitcoin, Ethereum, Shiba Inu, and many others. The same can happen to any coin with strong fundamentals. However, long-term Litecoin price predictions are indicative in nature; it is always better to rely on price analysis and not be over-optimistic while investing.
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