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
Litecoin’s latest bull run has left investors with questions. If you’re wondering ‘will LTC go up?’, keep reading. We’ve compiled some of the top Litecoin price predictions for 2021-2025.
With a current price of $199.9 and a market capitalization of $13.3B, Litecoin’s luck has certainly changed over the last month. When we published our list of Litecoin price predictions back in November, its price was just $52.21 and its market cap was $3,435,769,751. The recent bull run that started in December has taken the cryptocurrency market to new heights — and although Litecoin hasn’t (yet) reached a new all-time high, its growth has been a welcome development for existing and prospective investors alike.
If you’re wondering how the recent market explosion has changed the outlook for LTC in 2021-2025, you’re in the right place. Is Litecoin a good investment? Read on to discover what some of the top crypto experts believe could happen to the price of Litecoin over the next five years.
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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
For our first short-term Litecoin price prediction, we’ve turned to Previsioni Bitcoin. This Italian crypto site is consistently optimistic for 2021, believing that we’re likely to see a huge increase in the demand for digital assets (something that will inevitably drive up the price of top currencies).
Back in November, Previsioni Bitcoin’s expectations for LTC were already bullish. The platform quoted a top price of $653.82 for 2021, a value that, at the time, was more than $600 higher than its current price. So, how has it adjusted its forecasts in light of the recent bull run?
As we can see from the graph above, Previsioni Bitcoin has given a surprisingly modest prediction. With LTC’s yearly high now capped at $545.3559, the platform has actually lowered its expectations. That said, investors should still feel encouraged by this forecast.
Much as we saw the majority of Litecoin’s 2020 growth occur within the space of one month, Previsioni Bitcoin believes that September-October will prove a standout period in 2021. According to its in-house algorithm, Litecoin will increase from $253.4379 to $532.0869 during this time. If this is true, it means Litecoin will more than double in value in just four weeks. It also means that the asset is in for a record-breaking year, far outstripping its previous all-time high (ATH) of $375.29 from the end of 2017.
Unfortunately, WalletInvestor doesn’t think the same. Its predictions are far more conservative, even stating that LTC is not a good 1-year investment. Although it agrees with Previsioni Bitcoin that the final months of 2021 will be Litecoin’s most bullish, its maximum targets are far less optimistic, as we can see from the graph below.
WalletInvestor expects the price of Litecoin to fall in early 2021. While its maximum predictions, though lower than those of Previsioni Bitcoin, are unlikely to be unwelcome news (the platform has listed $190 as a potential top price for both the end of February and the end of December), its average and minimum predictions are disappointing. At the lowest end of the scale, we could be seeing prices fall back down to $50 throughout the year. Average prices are generally between $100 and $140, which isn’t quite the bullish improvement many investors will have been hoping for.
By the end of 2021, WalletInvestor believes the price of LTC could be:
- Maximum: $194.364
- Average: $146.522
- Minimum: $99.427
Our final short-term Litecoin price prediction comes from Long Forecast. Its predictions aren’t as wild as Previsioni Bitcoin’s, but they’re higher than WalletInvestor’s — good news for anyone who’s worried that Litecoin’s bullish run could be coming to an abrupt end.
Litecoin Price Prediction For 2021:
As we can see, the first few months of 2021 could be disappointing compared to LTC’s performance in December 2020. But the slump is likely to be short-lived. By April, Long Forecast believes that Litecoin’s price will have recovered from its brief decline, surpassing $150 and continuing to climb throughout the rest of the year.
Litecoin’s greatest milestone, according to these predictions, will be $200. Although its price will fluctuate, the overall trend is bullish (albeit tentatively). This modest progress could suggest that the long-term outlook is more positive, paving the way for further growth between 2022 and 2025. So, do the long-term Litecoin price predictions confirm this? Read on to find out.
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Long-Term Litecoin Price Predictions: 2022-2025
What are crypto experts forecasting for Litecoin in 2022-2025?
Whether you prefer to hold long-term positions or are wondering whether LTC is a buy, it’s important to analyze the most recent predictions for 2022-2025. In the last version of this article, our most optimistic forecast came from Prime XBT, which made the staggering claim that Litecoin could potentially reach $10,000 by 2025!
Even after the asset’s recent growth, this is still incredibly bold. DigitalCoinPrice, by contrast, has given the following forecast for the price of Litecoin from 2022 to 2028:
As we can see, DigitalCoinPrice expects the price of Litecoin to grow steadily over the next seven years. Although it’s unlikely to sustain the rate of growth it experienced in the last weeks of December 2020, its current price is clearly not a fad, which is a reassuring sign for anyone who’s wondering ‘will the price of Litecoin go up?’
DigitalCoinPrice has predicted that LTC will reach:
- 2022: $234.84
- 2023: $269.24
- 2024: $316.00
- 2025: $391.43
It may not rival Prime XBT’s $10,000, but this forecast does suggest that Litecoin will surpass its previous ATH to hit a new record within the next five years. This is particularly encouraging when we compare it to the forecast DigitalCoinPrice made a few months ago. Back in November, it believed that the crypto would hit an average price of $90-100 in 2025.
Our second long-term Litecoin price prediction comes from Previsioni Bitcoin. Its forecast for 2021 was by far the most bullish we’ve included in this article, so what does the Italian crypto platform believe is in store for the asset in 2022?
According to its in-house algorithm, Previsioni Bitcoin believes that Litecoin will more than double in value between January and May 2022, increasing from $370.8638 to $793.1998. This will provide a staggering contrast to its previously sluggish growth — and its price won’t stop there. The platform expects Litecoin’s yearly high to be $819.5958, which it will reach in August.
The key downside of this prediction is that LTC will lose value in October, falling back down to $529.2398. However, it will close the year at a stronger price of $661.2198. This is almost double DigitalCoinPrice’s top price prediction for 2025!
The final long-term Litecoin price prediction comes from Trading Beasts. In answer to the question ‘is Litecoin a good investment?’, Trading Beasts says a definite yes. If its forecasts are correct, the price of LTC will increase to $176.438 by 2022, rising to a maximum of $322.995 by December 2024.
Although Trading Beasts’ minimum predictions aren’t staggeringly optimistic, they’re still higher than Litecoin’s current price. This shows that the asset isn’t likely to lose value over the next three years, suggesting its bull run won’t be coming to an end any time soon. When the crypto market grew in 2017-18, most cryptocurrencies plummeted in value over the course of 2018-19 — so it’s understandable that many investors are concerned this latest increase is too good to be true. Thankfully, the long-term prospects of Litecoin appear to be strong, with all three of the predictions we’ve found for 2022-2025 suggesting that LTC will continue to gain value.
A cryptocurrency research firm by the name of Crypto Research Report Group is calling for Litecoin to reach $3,500 by 2025, and $7,250 in 2030.
As a long-term investment, it projects that Litecoin could perform very well. According to its predictions, the value of the Litecoin could rise to $550 by the very end of 2021, rising to $1000 in 2022, and achieving a mean price of $6500 by 2025.
Additional Litecoin (LTC) Price Predictions 2021-2025:
Prime XBT: $300
Trading Beasts: $257.707
Long Forecast: $42
Long Forecast: $1230
Conclusion: Litecoin LTC Price Prediction Forecast
Is Litecoin a good investment?
The below prediction figures outline some of the Potential high and low of Litecoin LTC price prediction forecasts in 2021, 2022, 2023, 2024 and 2025 offered by technical analysts and industry experts.
According to financial experts, Litecoin could break out to a price of $500 in 2021, increase to $1,000 in 2022 and experience a bullish situation in 2023 where it will trade at $3,000 and $10,000 mark in 2025.
Would you consider buying LTC?
How Has The Price Of Litecoin Changed In The Past?
If you’re trying to answer the question ‘is Litecoin a good investment?’, one of the most important factors to consider is the asset’s historical price performance. Since it was launched as a Bitcoin hard fork in 2011, Litecoin has remained one of the world’s top 10 altcoins. But that doesn’t mean that its price has consistently wowed investors. In fact, its performance over the last few years has often been described as disappointing.
From this graph, taken from CoinMarketCap, we can see that the price of LTC settled towards the end of 2014 — after investor interest peaked in 2013 when Litecoin first went live. The asset entered the market at a value of $4.30 (that’s 0.031 BTC) before its first bullish run took it to $44. It then crashed back down to below $20 in February 2014 and worse, unfortunately, was to come. By August, it was hovering around $5 — and 2015-2016 saw the price start to fluctuate between $1 and $4.
The good news is that Litecoin’s prospects began to look up in 2017. A breakout year for the cryptocurrency industry as a whole, 2017 saw 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 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. 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.
Its latest bullish run has been even more encouraging. Although Litecoin has still not exceeded its previous ATH of $375.29, it’s got closer than it has in years, settling safely above $100. This has sparked renewed interest in the asset, which has recently been dismissed as a first-generation cryptocurrency that cannot keep up with its competition.
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
Like Bitcoin, Litecoin undergoes the process of halving (or halvening). This is perhaps the greatest similarity that the asset shares with its one-time parent currency. When Litecoin was first launched, this reward for mining new blocks was 50 LTC. Today, this reward has been slashed to 12.5 blocks, with the halving process having occurred three times so far.
Halving happens after roughly 840,000 blocks are mined, something which happens approximately every four years. 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. This means we could see the price of Litecoin increase towards the latter half of 2023.
The Bitcoin Effect
We first saw this in 2017-2018 — and now we’re seeing it again. When Bitcoin embarks on a bullish run, analysts have noted that it tends to bring the rest of the cryptocurrency industry along with it, resulting in a market-wide explosion. Litecoin can be particularly sensitive to changes in the price of BTC. This is because they are both first-generation cryptocurrencies, meaning that many investors will have bought into both assets. As a Bitcoin hard fork, they also share various similarities when it comes to the underlying technology.
When confidence in Bitcoin is high, it sparks renewed interest in related altcoins. Although this may seem counterintuitive, it does mean that traders can potentially predict bullish runs by analyzing the performance of Bitcoin — even if they’re not BTC investors.
The Launch Of LiteBringer
The launch of the role-playing game (RPG) LiteBringer, which runs on the Litecoin blockchain network, has had a key effect on the altcoin’s price. Players can make in-game purchases using LTC, causing the number of network transactions to increase massively. (In fact, the Litecoin Foundation reported that the release of the game caused the number of transactions to triple within its first week). Today, 75% of all total transactions are driven by LiteBringer — and according to the cryptoanalysis site Ripple Coin News, this could prove an avenue for further LTC growth.
The site has stated that if Litecoin launches more games on its platform, this could drive up the price of LTC, attracting more investors to the asset. It could also pave the way for increased adoption of LTC in ‘real-world’ applications, such as third-party gaming sites or digital shops.
- At the time of writing, Litecoin’s price is $132.9 and its market capitalization is $8,818,793,896.
- According to Previsioni Bitcoin, LTC will reach a top price of $545.3559 in 2021.
- By the end of 2021, WalletInvestor believes the price of LTC could be between $99.427 and $194.364.
- Long Forecast expects LTC to hit a price of $200 in 2021.
- Previsioni Bitcoin has given a maximum price of $819.5958 for 2022.
- The most extreme forecast comes from Prime XBT, which believes Litecoin could hit $10,000 by 2025!
- Trading Beasts expects the price of LTC to hit $176.438 by 2022, rising to a maximum of $322.995 by December 2024.
- Litecoin hit its all-time high, $375.29, in 2017.
- The key factors that have affected the price of Litecoin are the LTC halving, the Bitcoin effect, and the launch of LiteBringer.
If you’ve been wondering whether Litecoin’s latest bull run will continue, we hope that this article has been helpful. Although the world of cryptocurrency is never easy to predict, the majority of the forecasts we’ve included believe that LTC.
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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!
What is the LTC price prediction for 2021?
By the end of 2021, LTC could be worth around $550.
What will Litecoin be worth in 5 years’ time?
In 2025, LTC is likely to be traded near $10,000.
What will be the price of Litecoin in 10 years?
We predict that in 2030, Litecoin will surpass the psychological price level at $50,000.
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.