Litecoin Price Prediction: How Much Will Litecoin Be Worth In 2021 And Beyond?
Litecoin LTC Price Prediction Forecast
How Much Will Litecoin Be Worth In 2021 And Beyond?
Will Litecoin go up or crash? Read our Litecoin LTC Price Prediction 2021 – 2025
Are you looking for the top Litecoin price prediction 2021-2025? Or have you been struggling to answer the question ‘is Litecoin a good investment?’ You’re in the right place. We’ll be exploring what the experts have to say about Litecoin’s future performance. Find out the top Litecoin Price prediction forecast for 2021 and beyond and discover how much Litecoin could be worth in 2021-2025.
With a market capitalization of $3,435,769,751, Litecoin (LTC) is the world’s eighth-largest cryptocurrency. It’s also one of the oldest altcoins. First launched in 2011 as a Bitcoin hard fork, it was designed as a cheaper and faster alternative to the so-called king of cryptocurrency. Today, it’s still in the top 10 most popular cryptos — but what could the future hold?
If you’re wondering ‘is Litecoin a good investment?’, or even ‘is Litecoin better than Bitcoin?’, read on. In this article, we’ll be exploring Litecoin price predictions from some of the top cryptocurrency platforms, experts, and analysts.
We’re looking forward to 2021-2025 to see what the short, medium, and long-term predictions are for this cryptocurrency. Whether you’re considering adding Litecoin to your portfolio or have already invested in altcoin, let’s dive into the world of cryptocurrency trends and see what price Litecoin LTC is expected to hit.
If you want to buy or invest in Litecoin LTC quickly and easily, with 0% commission, check out eToro Exchange!
What Is Litecoin (LTC)?
We’ve all heard Bitcoin referred to as digital gold, but did you know that Litecoin is sometimes known as digital silver? This might seem surprising, as it’s Ethereum which is usually referred to as the queen of cryptocurrency to Bitcoin’s king. But Litecoin has numerous benefits which have made it a popular — and long standing — choice amongst many investors.
One of the main qualities of Litecoin is its practicality. The speed and economy of Litecoin transactions make it a practical cryptocurrency for everyday payments, so much so that some traders have dubbed it ‘the cryptocurrency for payments’. In fact, the Litecoin technology takes just 2 and a half minutes to process a new block, while the Bitcoin network takes a staggering 10 minutes. This means it’s four times quicker than the original crypto.
It wasn’t just the slow speed of Bitcoin that the founder of Litecoin, computer scientist Charlie Lee, wanted to fix. He was also concerned with Bitcoin’s lack of scalability. The maximum total supply of Bitcoin tokens is capped at ‘just’ 21 million. There are currently around 18.5 million in circulation, and although estimates suggest we won’t max out until the year 2140, there is still significant uncertainty amongst investors as to whether Bitcoin is totally unsustainable.
Enter Litecoin. The altcoin has a much larger total supply, as it’s able to support up to 84 million coins. Combined with its quick speeds, it’s easy to see why some traders believe that Litecoin is a more practical cryptocurrency than Bitcoin.
Short-Term Litecoin Price Predictions: 2021
Litecoin price prediction for 2021
What are crypto experts forecasting for Litecoin in 2021?
As 2020 draws to a close, most crypto investors are looking towards 2021 and asking ‘is Litecoin a good investment?’. Whether your investment strategy focuses on short-term positions or you prefer to play the long game, it’s important to stay up to date with the latest cryptocurrency trends in order to cash in on potential price movements.
Before we delve into Litecoin price predictions for 2021, you may be encouraged to know that the altcoin has recently enjoyed new growth. Over the last month, it even knocked Polkadot from its spot on the list of the world’s biggest cryptocurrencies, as given by Coinmarketcap.com. While it started October 2020 as the ninth-largest crypto, it’s entered November as the eighth-largest.
Against this backdrop, what do experts foresee for 2021? Let’s start with WalletInvestor, a crypto platform that uses technical analysis to make forecasts. In the chart below, we can see its predictions for the price of Litecoin across the next year:
WalletInvestor’s verdict is unlikely to delight investors who are hoping that Litecoin’s late 2020 growth will continue into the new year. As we can see from the chart, the platform predicts a sharp spike in the altcoin’s price in the first couple of months but believes this will tail off as the year continues.
In terms of numbers, WalletInvestor has forecast an average price of $83.480 on January 3rd, 2021. At its maximum, this number could even jump to $129.279. If it does hit this high, that’s more than double the current LTC price of $52.21. However, these values will be short-lived. From January 4th onwards, the platform predicts that the price of Litecoin will slowly but steadily fall. Although we could see short bursts of recovery, the overall trend is bearish, dwindling to $30, and even hovering above $20 by October, November, and December.
For much of the year, WalletInvestor’s minimum predicted price is a paltry $0.000001 — a very unwelcome prospect for Litecoin investors. Thankfully, its maximum potential price is much more encouraging, fluctuating around $70 even at the end of the year. And it’s not all bad news besides that. The platform predicts that the price will start to bounce back as we head into 2022, with a minimum price of $14.024, a maximum price of $110.038, and an average price of $60.865 on December 31st, 2021.
From the pessimistic to the explosive: for a much more exciting prediction, let’s turn to Previsioni Bitcoin. This platform has published the following graph to reflect its forecasts:
As we can see, Previsioni Bitcoin’s predictions bode much better for Litecoin than those of WalletInvestor. According to its forecasts, Litecoin will start the year off strong, with a price of over $229.19 (which is around four times higher than its current price). And it won’t stop there — the altcoin will skyrocket as 2021 continues, ending the year on a high of around $653.82!
From August 2021 onwards, the platform believes that Litecoin will remain over $500. That means the crypto will spend almost half the year at a record price, far outstripping its previous all-time high (ATH) of $375.29 at the end of 2017.
If Previsioni Bitcoin’s predictions seem a little too outlandish to you, let’s finish off by looking at what DigitalCoinPrice has to say:
Unlike WalletInvestor, DigitalCoinPrice doesn’t predict that the price of Litecoin will dip significantly in 2021. Its predictions place its price consistently above $60, which is higher than its current value. For six months of the year, it will even break the $80 barrier, ending up at a value of $84.39 by the end of December.
According to its data, the platform confirms on its website that the price of Litecoin is forecast to increase, which means it should be a profitable investment. Overall, then, the predictions for 2021 are looking reasonably optimistic — with the exception of WalletInvestor’s most conservative estimations.
Ready to invest in Litecoin LTC?
Long-Term Litecoin Price Predictions: 2022-2025
What are crypto experts forecasting for Litecoin in 2022-2025?
Now that we’ve seen what some of the top crypto analysts believe is in store for Litecoin in 2021, let’s look ahead to 2022-2025. Will the question ‘is Litecoin a good investment’ receive the same answer across the next three years?
We’ll be kicking things off by returning to DigitalCoinPrice. The platform which predicted a reasonably bullish future in 2021 has published the graph below to outline its predictions for 2022-2025:
According to the graph, we can see that DigitalCoinPrice believes that the price of Litecoin will remain strong throughout 2022, never dipping below $80. Although the crypto will be relatively volatile, its average monthly price won’t stray far from either side of $90, beginning the year at an average price of $91.01 and ending it at $90.41.
It predicts that 2023 and 2024 will be a slightly rougher ride for Litecoin. For the first time in over a year, DigitalCoinPrice has forecast that its price will drop below $80 in July 2023, and then again one year later in July 2024. However, it could be that this pattern will be necessary to facilitate later growth — after all, we can see a far more bullish prediction towards the end of 2024, with the crypto hitting average prices of between $90 and $100 during 2025.
Cryptoground.com believes that Litecoin LTC could be in for an even brighter future. By applying its in-house deep learning algorithm to the historical data of the LTC price, it arrived at the following predictions:
According to these forecasts, we can see that Litecoin is potentially on track to close in on its ATH ($375.29). Throughout 2022, 2023, 2024, and 2025, the platform believes that LTC will continue to rise after passing the $100 mark in 2021.
For perhaps one of the most optimistic predictions on the market, let’s take a look at PrimeXBT. The crypto platform has published a graph which uses technical analysis to predict the price of Litecoin up until the end of 2025:
So far, none of the predictions which we’ve included in this article have broken the $1,000 barrier (or even got close!). However, this graph tells a different story. According to its predictions, LTC could hit $1,000 in early 2023, after a rapid jump from just $100 in the space of six months.
And it won’t stop there. From $1,000, PrimeXBT believes the price of Litecoin will explode to reach a staggering $10,000 by around June 2023! Considering the graph places the value of Litecoin at under $100 in June 2022, this would be a truly spectacular increase, constituting a growth rate of around 9,900%.
If it does hit $10,000, Litecoin would be the best-performing altcoin of all time, with a price that’s second only to Bitcoin. Although the world of cryptocurrency is notoriously unpredictable and a lot could change in the coming years.
As a long-term investment, it projects that Litecoin could perform much better. According to its predictions, the value of the Litecoin LTC could rise to $75 by the very end of 2020, rising to $160 in 2021, and achieving a mean price of $5500 by 2025.
Conclusion: Litecoin LTC Price Prediction Forecast
The below prediction figures outlines some of the Potential high and low of Litecoin LTC price prediction forecasts in 2020, 2021, 2022, 2023, and 2025+ offered by technical analysts and industry experts.
How Has The Price Of Litecoin Changed In The Past?
When attempting to make reliable price predictions, it’s crucial to remember that past performance is one of the best indicators of future success. Since 2011, Litecoin has had a rather variable journey, punctuated by both standout highs and disappointing lows. Let’s take a closer look.
From this graph, we can see that the price of LTC settled towards the end of 2014. When Litecoin first went live in April 2013, it was initially valued at $4.30 (or 0.031 BTC!) before experiencing its first bullish run. The crypto hit prices of roughly $44 before coming crashing back down again in 2014. After dipping below $20 in February, it wasn’t quick to recover. By August, it was hovering around $5 — and 2015-2016 was even worse, mainly fluctuating between $1 and $4.
However, that all changed in 2017. This was a breakout year for the cryptocurrency industry as a whole. Bitcoin hit record highs of $20,000, while Ripple grew by an incredible 36,000%! Litecoin was no exception. The altcoin experienced a growth rate of 8000% and reached a value of $375.29 by the end of 2017, although this unfortunately plummeted again at the start of 2018. After six months of extreme volatility, LTC was on a firm downward trend by June 2018, and it wasn’t until May 2019 that the crypto (briefly) passed the $100 mark again.
Throughout 2020, the price of Litecoin hasn’t been easy to predict. This is mainly due to the worldwide coronavirus crash that occurred back in March. As the globe rapidly went into lockdown, the price of almost every cryptocurrency plummeted in the course of a week — and in some cases, as little as 24 hours.
Between March 8th and March 12th, the price of LTC crashed from $51.18 to $30.49, its lowest price since December 2018. Thankfully, the market recovered quite quickly and LTC has since gone from strength to strength, even climbing up to highs of $66 in August.
What Factors Affect The Price Of Litecoin?
The price of every cryptocurrency is affected by a range of internal and external factors. In order to put your new-found Litecoin price prediction knowledge to good use, it’s important to understand some of these key factors yourself. This will enable you to monitor cryptocurrency trends and hopefully predict breakout investment or trading opportunities in the future.
Supply And Demand
The relationship between supply and demand is the number one factor which can affect the price of a cryptocurrency. In short, if the demand for a crypto is greater than its supply, the price of the asset will increase. If the supply is greater than the demand, then the price will fall. There are all kinds of factors which can influence both the demand and supply of Litecoin. We’ll be discussing some of the most important below.
The Litecoin Halving
It’s not just Bitcoin which undergoes regular halving in an attempt to regulate its supply and boost its scalability. The fact that Litecoin also undergoes the process of halving (or halvening, as it’s sometimes known) is perhaps the greatest similarity it shares with its one-time parent currency.
Litecoin halving follows the exact same principle as Bitcoin halving. When this event occurs, the reward for producing a new block (which happens roughly every 2.5 minutes) is cut in half. When Litecoin was first launched, this reward was 50 LTC per block. Today, this reward is 12.5 blocks.
Halving occurs after roughly 840,000 blocks are mined, which happens every four years. This is exactly the same time period as Bitcoin. The next halving is scheduled to take place on 6th August 2023. Because halving affects the supply and demand of a cryptocurrency, it’s generally accepted that it has a positive effect on price — that is, the price of both Bitcoin and Litecoin tends to increase after each halving occurs.
Comparison To Bitcoin
Interestingly, many investors and analysts have noticed the trend that the price of Litecoin is heavily influenced by the price of Bitcoin. This is because the altcoin — despite making significant independent achievements since its launch — is first and foremost a Bitcoin hard fork. This means it’s usually subject to the same market forces and there is a large crossover between investors.
If the price of Bitcoin suddenly crashes or increases, be prepared: it could well mean that Litecoin is about to experience similar patterns of volatility.
The Launch Of LiteBringer
Another factor which has had a positive effect on the price of Litecoin is the launch of LiteBringer. This is a role-playing game (RPG) which runs on the Litecoin blockchain network. Players can make in-game purchases using LTC and this has caused the number of transactions to skyrocket. In fact, the Litecoin Foundation reported that the release of the game caused the number of transactions to triple within its first week — with 75% of all total transactions now driven by LiteBringer!
- Litecoin was first launched as Bitcoin hard fork in 2011 and has a current market capitalization of $3,435,769,751 and price of $61.21
- Litecoin is the world’s eighth-largest cryptocurrency
- There is a maximum supply of 84 million LTC
- Litecoin has enjoyed recent growth, starting October 2020 as the ninth-largest crypto and entering November as the eighth-largest
- WalletInvestor has made an overall bearish prediction for 2021 but predicts the crypto will bounce back in 2022
- Previsioni Bitcoin has a brighter outlook, believing Litecoin could end 2021 at a value of $653.82
- DigitalCoinPrice has made the bullish prediction that Litecoin will hit average prices of between $90 and $100 during 2025
- PrimeXBT has given the most optimistic predictions. It believes the price of Litecoin will explode to reach a staggering $10,000 by around June 2023. This would make it the top-performing altcoin of all time
- Litecoin’s ATH was $375.29 in 2018
- Key factors affecting the price of Litecoin include supply and demand, the Litecoin halving, trends set by Bitcoin, and the release of the RPG LiteBringer
We hope you found this article about the top Litecoin price predictions useful — whether you were looking for the answer to the question ‘is Litecoin a good investment?’ or simply wanted to keep ahead of the latest cryptocurrency trends. Although the cryptocurrency landscape can be incredibly difficult to predict, it’s heartening to see that most crypto experts agree that the price of Litecoin will ultimately increase over the coming years.
Do you think these LTC price predictions 2021-2025 could be accurate?
It’s important to remember that cryptocurrency investing is always risky, regardless of what the analysts say. Always carry out your own due diligence and ensure you have a robust risk management strategy in place before adding any asset to your portfolio.
If you liked our article Litecoin LTC Price Prediction Forecast: How Much Will Litecoin Be Worth In 2021 And Beyond, please share with your fellow crypto traders.
If you're feeling inspired to consider trading Litecoin LTC, or this article has provided some extra insight to your existing trading knowledge, you may be pleased to know that etoro provides the ability to trade with Crypto assets, including Litecoin, and CFDs on up to 90+ cryptocurrencies. Crypto Traders can build a diversified portfolio with the most popular coins.
eToro – Best Cryptocurrency Trading Platform
Sign up for eToro and start trading Litecoin or copying top LTC investors at no extra charge. There are no management fees or other hidden costs involved.
75% of retail investor accounts lose money when trading CFDs
Litecoin Price Predictions — FAQs
Is Litecoin a good investment 2021?
According to the predictions we’ve gathered here, Litecoin could be a good investment for 2021. The majority of the platforms we’ve discussed believe that the price of LTC will be higher throughout 2021 than it is currently. However, if you’re hoping to buy and sell during 2021, you’ll need to keep a careful watch for periods of volatility. It could be a better strategy to hold your LTC as the price is predicted to increase in the run up to 2025.
Will Litecoin ever reach $10,000?
If you’re wondering ‘will Litecoin ever reach $10,000?’, it’s important to recognize that this is a very ambitious target. Over the next 5 years, it would be impressive for the value of 1 LTC to hit $10,000 — but that doesn’t mean it’s impossible. In fact, PrimeXBT has used technical analysis to show that it could hit these heights as soon as 2023.
Will Litecoin ever go up?
It seems highly probable that the price of Litecoin will go up throughout the next 5 years. Every prediction we’ve studied has forecast that LTC will increase in value at some point, with highs ranging from around $100 to a staggering $10,000!
Disclaimer: Cryptocurrencies are highly volatile. Your capital is at risk and Past performance is not an indication of future results. Forecast and analysis reflect the views of different external analysts at any given time and are subject to change at any time. Moreover, they can not constitute a commitment or guarantee on the part of Trading Education.