Litecoin Price Prediction for 2023, 2024, 2025, 2026-2030: Will LTC Go Up in Future?

2023-01-09 2023-01-09
Litecoin Price Predictions: How It could go in 2023 and Beyond

Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/

Litecoin cryptocurrency was up by more than 140% in 2020. In 2021, LTC showed very fast growth till May; however, due to some external factors, the situation significantly changed. The Litecoin price has been through a lot from its launch – going up and down. Its price started at about $3 per LTC and has gone through a number of bubble cycles or “alt seasons.”

Eventually, Litecoin closed 2021 at $146.51 and was rated at the top 30 by market cap (on CoinMarketCap). The current acceptance rate for the coin is quite high. Moreover, the project has an active community and numerous supporters that envision a bullish future. But despite the impressive gains that LTC enjoyed in the first half of 2021, the second half of 2021 and the beginning of 2022 followed a downtrend. The bulls remain optimistic nevertheless. As for the long-term Litecoin prediction, the analysts have contradictory views. 

Will the price of Litecoin go up this year and in the years to come? Let’s find out!

A Bit of Litecoin History

Litecoin (LTC) is a so-called digital peer-to-peer currency integrated into open-source software. Technically, the Litecoin project is very similar to the Bitcoin system. Litecoin production and transmission are based on an open-source encryption protocol. There is no central control. With this in mind, all transactions, balances, and expenses are managed by a peer-to-peer network. Litecoin is created on the basis of a cryptological hash function, which in turn generates blocks. Litecoin can be exchanged for Bitcoin and fiat money. The processing in question usually takes place via online exchanges (cryptocurrency exchanges).

Litecoin was created by a former Google employee, Charlie Lee, in 2011. The cryptocurrency was created based on the Bitcoin protocol but differs in terms of the hash algorithm used. Furthermore, it also differs in hard caps, block transaction times, and some other factors. Litecoin was released via an open-source client on GitHub on October 7, 2011. On October 13, 2011, 5 days later, the Litecoin network went live.

Lee’s goal was to create a light version of Bitcoin with Litecoin. Developers have always stated that you can consider Litecoin to be the silver version of Bitcoin. Litecoin differs from Bitcoin in the prioritization of the transaction confirmation rate, which is approximately 2.5 minutes per block. However, the reality is that Litecoin users will have to wait up to about 30 minutes for their transaction to be processed due to network congestion.

Why Is Litecoin an Attractive Investment Asset?

Litecoin is especially faster at handling payments than Bitcoin and is an excellent, proven complementary alternative. It’s a very cheap, super-safe highway for making payments – especially when it comes to micro-transactions, like, for example, when paying for a cup of coffee. In addition, the Litecoin community is working on the implementation of all kinds of new fintech gadgets that are actually intended for Bitcoin. Litecoin is now working on the implementation of the lightning network protocol and applications for smart contracts and privacy (including confidential transactions & MimbleWimble). Litecoin is certainly light and cheap, but above all in good hands with fantastic ambitions. Litecoin has a bright future as a classic and reliable altcoin.

Most investors see Bitcoin as gold and Litecoin as silver. Litecoin was developed as an alternative to Bitcoin and developed as a lightweight that solved some shortcomings of Bitcoin. It is a classic altcoin with more than 6 years of experience and development behind it. Software updates and new tech can be easily added to Litecoin.

As with Bitcoin, there is also a built-in scarcity. In total, only 84 million Litecoin can be mined. Litecoin can be considered a much cheaper and faster alternative. In fact, Litecoin is underestimated relative to other cryptocurrencies. Bitcoin is slower and more expensive to use compared to Litecoin.

The fact that Litecoin is fast and cheap has advantages, especially since people in third world countries without bank accounts can still get Litecoin cheaply and quickly.

Why is Litecoin going up?

At the time of the update in March, Litecoin was going through an unstable period. But here, let’s talk about the biggest factors that differentiate LTC from the competition and put it into a favorable position overall.

Litecoin is a superior alternative to fiat money when compared to Ethereum. Ethereum was not developed as money, but it can certainly be used as such. You could rather consider Ethereum to be crypto gas.

In addition, Ethereum is a much more difficult concept to grasp than Litecoin. Litecoin is just digital p2p money with a built-in scarcity that actually works faster as a transaction medium. This makes adoption much easier and does not require much knowledge. Simply install the wallet app on your smartphone, and you will have your own Swiss Litecoin bank account with which you can actually conduct transactions almost immediately. As the popularity and price of Bitcoin increase and, therefore, the transaction costs rise, cheaper and faster alternatives will be sought. This is Litecoin, baby.

Other Interesting Facts

Litecoin has made a lot of progress and has even been included as a means of payment in Venezuela’s mainstream international payments system. Via the Remesas remittance platform, foreigners can send Litecoin to family members and friends in Venezuela who receive Bolivars in their local bank account through Remesas. A commission of 15% is charged, which means that the government in Venezuela secretly collects Litecoin.

Another interesting fact is that the Litecoin Foundation has a 9.9% share in the German WEG bank. The Litecoin Foundation has received this as a donation from the Swiss blockchain company TokenPay. Together they have almost a 20% share in this conservative German bank, mainly for real estate investors. Litecoin can thus be recognized in the long-term as a possible cryptocurrency for buying real estate in Germany? But we digress, so let’s not dive too deep into the matter, look at the price history, and see how the coin develops.

Litecoin Price Analysis

Despite it not being a bullish period for cryptocurrencies until around October 2020, Litecoin has performed reasonably well compared to its competitors. Charlie Lee is clearly doing really well; he finally introduced confidential transactions (CT). Like the privacy coins ZCash and Monero, LTC’s confidential transactions will prevent replaceability, scalability, and privacy issues.

The acceptance rate is also quite high. Very recently, the Litecoin logo was even advertised on the UFC mat during a famous fight. It was a real eye-catcher. Furthermore, a new shopping center in Singapore with an ATM that accepts both Bitcoin and Litecoin has been installed. LTC price prediction is very optimistic in the opinion of experts.

Experts expect the Litecoin future to be bright in 2022 due to all integrations and partnerships. In addition, the Litecoin community is very active, with all the upcoming developments. They will, of course, keep the enthusiasts informed. There is a clear potential that Litecoin will rise further and is certainly a tough competitor for the other cryptos.

Litecoin is currently trading over $100 (March 2022) as it seeks a bullish resolution from its ongoing period of consolidation. However, nothing is guaranteed. The situation largely depends on the direction of the wider cryptocurrency market. For instance, if Bitcoin breaks the $50,000 level, Litecoin is expected to follow the trend to test new levels of support.

Litecoin Price Predictions for 2022 by Crypto Experts

The cryptocurrency market is very volatile, which means that predicting reliable prices of cryptocurrencies is indeed one of the most difficult things to do. Michael van de Poppe, a prominent crypto analyst, sees a major run towards a new all-time high, highlighting LTC’s technical picture as a reason to be optimistic. He noted that the current performance – i.e., extended downtrends – mirrors historical moves. According to his analysis, the moves can be predicted with the Fibonacci extension – the first one taking Litecoin to $600 and the second one – toward $1,000. Veteran trader Peter Brandt also expects an upward move, seeing an upshot to 2021 highs. Let’s have a look at some recent expert publications regarding their statement and LTC prediction and its market price. They may give us food for thought about Litecoin coin review:

TradingBeasts

TradingBeats envisions a gradual decline over the entirety of 2022. According to this analysis, Litecoin’s projection growth is nowhere to be seen, as the coin might be losing 2% of its value each month. The average price might drop below $100 at some point in November. By the end of the year, the average price might be $96.11, with the minimum price going down as low as $81.70 and the maximum price going up as high as $120.14.

Wallet Investor

Wallet Investor’s Litecoin price predictions are far more optimistic than the one we just analyzed. The forecast does include some downturns, but these can be classified as normal fluctuations with the $10 range (average price). That said, if we look at the lowest and highest closing prices, the difference is much more significant – $39.76 and $158.66 within a few days. 

The best months performance-wise should be November and December. During this period, the prices will sit comfortably above $110, and LTC might even finish the year at an average of $149.91. This positions Litecoin as an attractive investment.

Long Forecast

Long Forecast is not too optimistic about the price of Litecoin. Almost every month will have a closing price that is lower than it was at the beginning of the month (except for May, September, and November). The downtrend might quickly move the price below $100, as early as April. From that point on, LTC might be trading at around $50-$80, finishing the year at $72. The table below provides more details of how much the coin might change.

Coin Price Forecast

Coin Price Forecast sees Litecoin’s growth to $170.23 by the end of 2022. Similar to other agencies, it sees the climb of the currency starting from September; however, Coin Price Forecast has much higher predictions than other similar platforms. As a result, this projected growth is still a bit too optimistic; however, it is possible to be true, as Litecoin has dropped more due to external factors.

Litecoin Technical Analysis

General market picture and technical analysis of LTCUSD in the long term

The market of Litecoin has been following a bullish trend in the past few years, and its maximums/minimums have been regularly updated. At the same time, any fast upsurge was followed by as fast a fall.

Generally speaking, the current upsurge seems to repeat the previous spikes in Litecoin prices. So, be ready for a further fast bearish movement during which the LTC price chart may come close to the blue trend line.

LTC price prediction for next three months

Technical analysis of the weekly chart. Short-term Litecoin forecast for the next three months.

MACD readings are quite interesting here. Upon a trend reversal in May, the signal line crossed the MACD curve from above and the indicator’s chart then moved to the negative zone.

The MACD line is currently located a little below zero, but far from the support level formed on the previous big movement to the downside. Thus we can conclude that Litecoin’s future price may fall further.

In general terms, the weekly chart confirms that the current fractal is similar to the 2018 movement. There aren’t any signals of a reversal to the upside, and the only question is whether the local trend will continue (marked with a blue dotted line) or Litecoin’s bearish potential will get weaker and a fall won’t be steep.

Monthly Litecoin price forecast for 2021/2022

To make a realistic forecast in the long term, let’s switch to LTC/USD daily chart and analyze Litecoin’s price history using Bollinger Bands.

The above signals indicate that the LTC future price will go on falling, but slower than in the past few months. Most likely, it will have come close to the trend line by the middle of autumn, LTC projected value being 40-70 USD by that moment. False breakouts shouldn’t be excluded either. Litecoin’s expected trading range will most likely remain the same for the rest of the year as the market has consolidated for a long time. However, LTC/USD price may attempt to grow at the beginning of 2022 and closer to summer, taking the price history into account.

The table below presents LTC projected values for 2021-2022.

Long-term trading plan for Litecoin

Based on the forecast, let’s outline the optimal trading plan for LTC/USD.

As a bearish trend is very likely to continue, short positions seem to be the best choice. The market’s obvious price target for the nearest months is the global trend line.

I recommend opening trades once the Litecoin price chart consolidates underneath the latest local minimum at about 105 USD (purple solid line). Stop Loss should be placed at the latest local maximum of 146 US dollars marked with a red line in the chart. Place Take Profit a bit higher than the trend line, at 50 USD for example (green line).

The LTCUSD price technical analysis is presented by Mikhail Hypov.

Here, you can find daily Litecoin short-term forecasts and trading signals based on the Elliott wave analysis.

Weekly Elliott wave Litecoin analysis as of 09.01.2023

The LTCUSD market is falling within the linking wave (X), which is a part of the global double zigzag (W)-(X)-(Y). The (X) wave is unfolding as a triple zigzag W-X-Y-X-Z, with sub-waves W-X-Y-X completed inside; the second linking wave X is a zigzag [A]-[B]-[C]. The final wave Z is currently unfolding as a double zigzag [W]-[X]-[Y]. Let us study the most recent chart section in the H8 timeframe.

In the H8 chart, the price is rising in the bullish impulse 1-2-3-4-5, which should conclude wave (C), the final wave within the [Y] zigzag. The price could reach the previous high of 84.30, marked by the upward impulse wave (A). When the indicated level is reached, the market could turn down and start a new bearish trend. One could enter long trades with a target at the final level of wave (C).

Weekly LTCUSD trading plan:

Buy 75.99, TP 84.30

LTCUSD Elliott wave analysis is presented by an independent analyst, Roman Onegin.

Litecoin Price Prediction for 2023

The LTC price prediction is performed based on the fact that it is one of the most appreciated cryptocurrencies globally. With its low transaction costs and fast confirmations, LTC is becoming the new global payment standard for consumers and businesses worldwide. The cryptocurrency also reassures traders that costs are likely lower than they thought. The processing fees are far less than those incurred by credit cards and other forms of payments. Even the integration is free. 

As Litecoin is steadily gaining more popularity, the acceptance ratio might also increase. It is already high compared to the other newcomers. Let’s have a look at the predictions of crypto experts.

TradingBeasts

According to TradingBeasts, 2023 will not be the year when Litecoin makes a huge comeback. The coin will enter the year at $93.40, which is lower than its average price in 2022. The negative change will come to its worst point in May-June, which is when the price might drop to around $76. There might be some good news in the following months. By the end of the year, LTC might recover and climb up to an average of $111.91.

Wallet Investor

As expected, Wallet Investor offers a rosier view on LTC in 2023. The average price in January might be at an impressive mark of $155.01; the lowest and highest prices are expected to be $94.09 and $214.84. The uptrend will bring the coin to $163.71 by June and to $210.90 by December. At its best moment, Litecoin might even reach $280.03.

Long Forecast

2023 is expected to start at $73 and stay below $100 until August. There will be ups and downs, and the biggest “down” might take place at the end of February – $51. The source expects Litecoin to bounce back and reach $130 by the end of the year.

Coin Price Forecast

Once again, Coin Price Forecast is by far the most encouraging source. It predicts huge positive momentum that will move LTC up to $221.30 by the middle of the year and to $235.19 by the end of the year. 

Summing up, the leading experts don’t agree on Litecoin. One small area where most forecasts are similar is that the coin will finish 2023 with a higher value. But the amount of change and severity of fluctuations is different depending on which source you look at.

Litecoin Price Prediction for 2024

Litecoin price forecasts vary a lot. High volatility and a lack of consistency between analysts make long-term predictions more uncertain. Still, we can’t avoid price predictions for 2024 as they may help long-term investors.

TradingBeasts

TradingBeasts’ prediction for Litecoin for 2024 has finally turned positive. The source forecasts a strong uptrend, increasing the price by 3%-7% each month, which seems fairly realistic. To be more specific, the LTC price in January is predicted to be $116.95, in June – $138.85 (up 20% in 6 months), and in December – $160.68 (up more than 40% in 12 months).

Wallet Investor

The first couple of months of 2024 are going to see slight fluctuations ($10-$20 range). But then the situation is expected to stabilize, and LTC might enter an upward trend for the rest of the year. Here is how the dynamics will play out in figures: the average price in January might be $205.35, go up to $216.33 by June, and reach $261.65 by December.

Long Forecast

Long Forecast brings in a different perspective for Litecoin. This is the first prediction to put the year-end price lower than the opening price at the beginning of the year. According to this source, 2024 will start with $130 per coin and end with $51 per coin, which is rather disappointing.

Coin Price Forecast

Coin Price Forecast delivers another positive outlook for Litecoin. Compared to its price in 2022, the growth might be over 130%. The mid-year results will put Litecoin at $249.39, which is actually the highest point for 2024. The year might close with $238.49.

Long-Term Litecoin Price Prediction: 2025-2030

The third halving for Litecoin is set to take place in May 2023. In doing so, block rewards would be halved to 6.25 LTC. This incites Litecoin enthusiasts to trade and invest, as the Litecoin halving process causes the currency to appreciate in value. Litecoin could even excel above its competitors to become one of the most traded cryptocurrencies. As of now, the rewards per block are 12.5 coins and will decrease to 6.25 coins per block post halving.

What could Litecoin be worth in 10 years? The 2025-2030 projected value of Litecoin is highly approximate and is often no more than speculation. Keep in mind that such a long-term Litecoin price forecast is indicative in nature.

Wallet Investor

Wallet Investor offers forecasts for 2025-2027. The overall dynamic is promising and shows steady, almost undisturbed growth. 2025 might start with $255.49, reach $272.37 in the middle of the year, and surpass $300 by the end of the year ($308.36 in late December). 2026 will follow a similar outline – from $307.61 to $319.91 and then $360.44. The forecast for 2027 is not as detailed and only extends to March, where LTC will be trading at 364.52.

Long Forecast

At the time of the update, the forecast is only available for 2025 and the first few months of 2026. But it should be enough to gauge what kind of future this source envisions for Litecoin. 

Long Forecast went in a different direction than Wallet Investor. Sadly for LTC investors, the coin might start and finish the year at a low value, more than 50% lower than its trading price in 2022 – $51 and $52, respectively. The closing price in April 2026 might be 38.6. The forecast was made based on the current decline of the coin, so it is too early to say how accurate they can be. Yet, investors should consider negative outcomes and declines just as much as positive waves.

Coin Price Forecast

According to the Coin Price Forecast, the Litecoin price target for the end of 2025 is $299.43. Fast forward to 2030, Litecoin might reach $557.15. The platform sees only positive dynamics in the future for LTC.

How Has the Price of Litecoin Changed Over Time?

The Litecoin price today is  $80.35. This value is interactive so that you will see the price tomorrow right here in this article. Due to the fast declines this year, CoinMarketCap ranks Litecoin at the #13 position, which is 3 positions lower than before, with a market cap of $8,820,885,973 (June 27, 2021). The circulating Litecoin supply is 66,752,415 LTC, while the maximum supply is 84,000,000 LTC coins.

The Litecoin price hit its all-time high of $412.96 on May 10, 2021. But to make the most reliable cryptocurrency predictions, it’s important not just to look ahead but also to look back at the historical price performance of Litecoin. From 2011 to 2013, LTC increased from a few cents to $3. In 2013, it experienced its first bull market, which helped the coin to reach the price of $50. Later in 2014, due to the Mt. Gox exchange scandal and bear market, the price went back as low as $3. 

Litecoin stayed low until it rose at the end of March 2017 from $3 to $80 in September 2017. Its absolute record in 2017 was set at around 375 dollars on December 19th. However, in the same month, Litecoin quickly dropped after its creator, Charlie Lee, announced on his Twitter that he sold his Litecoin due to a conflict of interest. 

In 2018, it experienced another downtrend throughout the year and reached $25 in December 2018. The decline was caused by the bearish trend of Bitcoin. As you may remember, Litecoin is mostly affected by BTC’s direction rather than private factors. 

In February 2019, LTC started in a bull market and rose to $140 in June. However, the rise didn’t last for long. In the second half of 2019, the price dropped to $40. Again, the decline was triggered by the overall fall of the cryptocurrency market. 

In 2020, Litecoin plunged due to the sudden pandemic of Covid-19 between February and March. Since then, the market was stable, moving sideways. Through the whole history of the LTC, it has constantly experienced its ups and downs each year.

A Detailed Look at 2021-2022

Litecoin started off 2021 at a value of $126.23 and joined an uptrend with many other altcoins. This led to an all-time high of $386.45 recorded on May 9. To many investors’ dismay, it then fell by over 50% in the following six months. The lowest point for 2021 was $107.40 on July 20. Even though the price somewhat recovered by November, it was only the start of a downtrend that continued in 2022 and brought the price almost to the $100 mark (as of March 2022).

Below you’ll see how Litecoin performed over the years of its existence:

Is Litecoin a Good Investment?

Litecoin, buy or sell? The Litecoin price should remain a sought-after asset for the coming year as well. Despite the downsizes and high volatility, many experts suggest investing in LTC. Litecoin potential is high in the future. It offers more benefits to its users than Bitcoin: more safety, including faster processing speeds, and lower transaction costs. LTC is constantly being improved by tech terms, which makes it even more attractive to new investors in the future.

Despite witnessing relatively high infection rates due to the spread of the Omicron variant, international markets are already on their way to recovery. In response to the massive support of central bankers from the world’s major central banks, investors are increasingly looking for a hedge to counter value risk. Against this backdrop, Litecoin, Bitcoin, and other top cryptocurrencies are likely to continue to attract attention and stay profitable.

If Litecoin can break above its current price and hold on in the long run, the Litecoin forecast says it will retest its all-time high. The maximum for the Litecoin/USD rate is likely to remain below $200 for much of this year; some even claim it will be lower than $100. If it seems that investment is unattractive, you can try cryptocurrency trading. Register for a free demo account on LiteFinance! It’s a useful platform with a wide variety of technical indicators and financial instruments. 

Below is a prediction chart for the period of 2022-2030. One feasible LTC chart, based on the opinions of experts, and Litecoin news, could be as follows: 

Source: Coin Price Forecast

Disclaimer: Cryptocurrency trading involves a high level of risk and is not suitable for all investors. The information material on this page does not contain a listing of our trading prices or an offer or solicitation for a trade in a financial instrument. LiteFinance is not responsible for the use of these comments and the consequences thereof. No guarantee is given for the correctness or completeness of this information. Consequently, the investor bears sole responsibility for the risk of individual investment decisions. Any study offered does not take into account the investment of specific goals, financial situation, and the needs of a particular person who may be receiving it.

Price chart of LTCUSD in real time mode