LTC Forecast: Will Litecoin Reach $1000?

Could LTC grow in value to reach $1K level?

Last Updated January 7th 2022
7 Min Read

After the December 2017 crypto craze, Litecoin prices took a hit and fell below $25 by the end of 2018. Throughout 2019 and early 2020, the second most pure cryptocurrency attempted several price runs but had a rough time breaking above $150. Its big break came in the last quarter of 2020 when the Litecoin Foundation announced the MimbleWimble security upgrade.

Interestingly, the upgrade that improves the confidentiality of Litecoin transactions coincided with the second largest crypto market rally (after 2017). The two factors helped fuel the Litecoin price rally that saw it tear above $350 for the first time since 2017. Litecoin hit its all-time high at $412 in May 2021.

Today, questions abound within the crypto community as LTC investors and crypto analysts alike wonder how high up LTC can go in the next few months and years. Can the twenty-sixth largest cryptocurrency (by market cap) reach $1,000 or $10,000, and when?

In this Litecoin price prediction, we will be answering both questions by exploring different price forecasts and factors supporting the possible price jump. We will also explore how far up LTC prices can go in the next ten years and tell you if Litecoin investment can make you a millionaire.

Can Litecoin reach $1,000

Digital coin price predicts that Litecoin prices will rise steadily in the next few years and close to the $1,000 within the next ten years. Analysts here expect the gradual price climb to persist for the better part of 2022 and possibly reach $542 by 2029.

Individual Litecoin investors have also expressed confidence in the Litecoin altcoin’s ability to break above $1,000 in the near future. Anonymous LTC investor @Vegetacrypto1 took to Twitter to share his prediction that LTC may soon reach $2,000.

Julio_LTC2021, a long-time Litecoin believer and investor, also took to Twitter to express their optimism about LTC’s future price performance. They expect the current crypto market phenomenon to be a repetition of the 2017 crypto industry frenzy. They emphasize the impact Bitcoin prices have on Litecoin and argue that as BTC shoots for the moon, Litecoin will try to play catch up, which may see it set a new all-time high of between $2,400 and $4,000.

Technical analysis by Longforecast also indicates a bearish Litecoin future performance. It predicts a decline in LTC's prices in the year, suggesting that Litecoin LTC may drop to $119 by August this year. It also indicates that LTC prices may drop even more around November 2022 to $96. The site predicts a more bullish year for Litecoin in 2023, reaching a high of $223 but then following a decline in 2024 and 2025.

Technical analysis by experts at Trading Beasts suggests that Litecoin prices may grow at a relatively slow pace. Their analysis suggests that Litecoin’s value will only have appreciated to $307.858 by December 2025.

In coming with a $1,000+ LTC valuation, crypto experts allude to such factors as the ongoing crypto market rally, Litecoin and Bitcoin price correlation, the upcoming LTC halving, and the promise of more confidential but highly efficient crypto services.

With the crypto rally pace seeming at full throttle and Bitcoin prices at their highest, there has been a lot of media buzz about the crypto industry. This has drawn in more investors whose fear of missing out has helped push crypto prices (including Litecoin’s) to higher levels. Analysts expect this trend to continue into the foreseeable future, in a move that will see LTC reach $1,000.

In 2023, Litecoin mining rewards will halve and drop from the current 12.5 LTC per mined block to 6.25 LTC. In such a case, the forces of demand and supply dictate that LTC prices go up due to the reduced supply. Similarly, they expect the newest MimbleWimble privacy upgrade to have a significant impact on LTC prices as privacy-oriented crypto users turn to the Bitcoin fork.

Check Out: Could Litecoin be a Millionaire-Maker?

Can Litecoin reach $10,000

There is little enthusiasm about Litecoin’s ability to reach $10,000 in the near future. Most are particularly not convinced there are enough incentives to push LTC prices and its market capitalization to this level.

Note that to reach $10,000 with the current total supply of about 69 Million LTC coins, the cryptocurrency would need to accumulate a $668 Billion market cap. Most crypto experts and investors are, however, not convinced the Charlie Lee-led cryptocurrency project has enough in its arsenal to fire the crypto up this far.

They are convinced that, unlike Eth-based crypto projects that can join the explosive DeFi ecosystem, Litecoin has limited avenues to which it can expand. And having used its Lightning network, segregated witness, and Mimblewimble privacy cards, there is little that the blockchain can do to incite a radical price jump.

Crypto experts at PrimeXBT, however, do not share this line of thought and remain most optimistic about Litecoin’s future price performance. They are particularly confident that the Bitcoin fork prices will continue to rise and reach $10,000 within the next ten years.

What will Litecoin be worth in 10 years?

Coin Price Forecast, like most other websites that use technical analysis to predict future crypto prices, is bullish about LTC’s future price action. They expect the Litecoin altcoin to end the year trading at around $200 before blowing past $439 by 2028 and reaching $595 by 2031.

Analysts at Crypterium reckon that predicting the price of such a highly speculative and unpredictable digital asset as Litecoin is hard. But taking into account current performance and the upcoming and 3rd and 4th events, they predict that LTC may reach $1,500 within the next ten years.

Crypto experts CoinSwitch have also thrown weight on the prospect of Litecoin prices growing tremendously in the next ten years. They believe that most of the coin’s price growth will be influenced by the shortage in supply created by the LTC halving events scheduled for 2023 and 2028. These are expected to push LTC prices to $1,500.

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Will Litecoin make me a millionaire?

With the speedy transaction processing, incredibly low transaction fees improved privacy, and scalability, Litecoin is still underutilized and therefore undervalued. Analysts are convinced that the twenty-sixth-largest cryptocurrency by the market is yet to reach hit its maximum price. It, therefore, is expected to record value gains in the next few years, which effectively makes it a viable millionaire-maker.

But how much do you need to invest in Litecoin to earn a millionaire in the next few years? Assuming you invest at the current price of $130 with the anticipation of making a Million by the time LTC reaches $1,000, you will need to invest $130,000 (approximately 1000 LTC coins) today. If you are more optimistic and willing to hold on to the Bitcoin fork until one Litecoin reaches $10,000, you will only need to invest $13,000 (approximately 100 LTC Coins) today.

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Will the SEC be coming after Litecoin?

The SEC will only come after digital currencies that they deem to have the characteristics of a security asset. In particular, the SEC primarily goes after assets whose ownership is interpreted as giving you ownership in a company or corporation.

However, Litecoin is heavily decentralized, and there is no central body controlling the network or generating and selling the LTC coins. Virtually all of its activities are community-driven, with the Charlie Lee-led Litecoin Foundation only charged with the responsibility of maintaining the network and spearheading developments.

In 2019, the Crypto Rating Council (CRC), which comprises all the largest companies in the crypto space, vetted Litecoin and concluded that LTC is not a security. It, therefore, is highly unlikely for the regulatory agency to come after Litecoin now or in the future.

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Key points:

  • Crypto analysts and LTC investors are hugely optimistic about Litecoin’s future and expect it to reach $300 before the end of the current crypto market bull run.
  • Key factors influencing the ongoing Litecoin bull run include the MimbleWimble privacy upgrade, the ongoing crypto market rally, and the soaring Bitcoin prices.
  • The most optimistic Litecoin price prediction is the PrimeXBT forecast that shows the value of one LTC coin rising above $10,000 in the next few years.
  • The Crypto Rating Council vetted Litecoin cryptocurrency and concluded that it is not a security and, therefore, safe from SEC scrutiny.