Litecoin has been the third cryptocurrency by market capitalization for a very long time. This crypto coin has been active for over nine years now and has managed to be successful for most of this period. At the moment, it is still ranked among the top 30 cryptocurrencies by market cap.
Lately, there has been a lot of talk happening about how Litecoin has “fallen off.” Nowadays, all trending tokens are either attached to a strong brand, have a lot to offer besides being a store of value, or are simply quirky enough to be noticed by millionaires. Despite having a solid technical foundation, Litecoin doesn’t really have any of those things.
However, this cryptocurrency is still going strong, and we are very likely to see the price and market cap of Litecoin rise again in the future.
In this article, we’ll take a look at Litecoin’s fundamentals and its prospects as a long-term investment. Please remember that our LTC price prediction does not constitute investment advice, and you should do your own research before deciding whether it’s a good investment or not.
- Buy Crypto at The Best Rate
- Litecoin Overview
- What Is Litecoin?
- Litecoin Technical Analysis
- Litecoin Price Prediction 2022
- LTC Price Forecast for September 2022
- October 2022: Litecoin Price Forecast
- LTC Price Forecast for November 2022
- December 2022: Litecoin Price Forecast
- Litecoin Price Prediction 2023
- Litecoin Price Prediction 2024
- Litecoin Price Prediction 2025
- Litecoin Price Prediction 2026
- Litecoin Price Prediction 2027
- Litecoin Price Prediction 2028
- Litecoin Price Prediction 2029
- Litecoin Price Prediction 2030
- Litecoin Price Prediction 2031
- Litecoin Prediction by Experts
- Price Prediction
- Digital Coin Price
- GOV Capital
- Wallet Investor
- How high can Litecoin’s price realistically go?
- Should I buy Litecoin or Ethereum?
- Is Bitcoin better than Litecoin?
- What is better than Litecoin?
- Is Litecoin truly decentralized?
- Does Litecoin use Proof-of-Work?
- Will Litecoin survive?
What Is Litecoin?
Litecoin (LTC) is a decentralized peer-to-peer cryptocurrency created by Charlie Lee, a former Google employee, in 2011. The LTC network was designed to solve its elder brother’s network problems, such as transaction speed, scalability, and high commission fees for each financial transaction made on the blockchain.
Litecoin used to be one of the first cryptocurrencies people learned of when they entered the market. As a fork of Bitcoin, the LTC network is based on the BTC protocol. Some of the things they have in common are anonymity, decentralization, the ability to be mined, and the consensus mechanism (Proof-of-Work).
In 2016, Litecoin became the second-biggest cryptocurrency, overtaking all existing altcoins at that time. The project aimed not only to boost the rate of Litecoin’s price growth but also to promote LTC as a trustless peer-to-peer medium of exchange.
The Litecoin Foundation has never claimed to compete with Bitcoin directly. On the contrary, they believed that Bitcoin would serve as the fundamental digital coin. Meanwhile, Litecoin was supposed to modestly take the place of a useful alternative.
Litecoin has had a few price surges since 2016 but has started slowly falling down the market cap rankings. That happened in part due to the fact that the cryptocurrency market grew exponentially, and with it, the amount of competition Litecoin had.
Digital assets like Ethereum, which were more technologically advanced than the Litecoin cryptocurrency, attracted more crypto investors. Nowadays, LTC is still used for quick and cheap transactions, but a lot of Litecoin predictions state that the coin needs wider adoption and more partnerships to truly shine.
Litecoin Technical Analysis
Now, let’s take a look at the result of the LTC technical analysis performed by Trading View. It is updated in real time.
A “buy” signal means that Litecoin’s price is expected to rise in the near future. A “sell” signal means that the coin is likely to decline in value soon. This type of analysis is best suited for short-term price predictions.
Litecoin Price Prediction 2022
According to the technical analysis of Litecoin prices expected in 2022, the minimum cost of Litecoin will be $59.68403. The maximum level that the LTC price can reach is $65.14349. The average trading price is expected around $61.82382.
LTC Price Forecast for September 2022
Based on the price fluctuations of Litecoin at the beginning of 2022, crypto experts expect the average LTC rate of $56.0344 in September 2022. Its minimum and maximum prices can be expected at $51.23488 and at $57.63424, respectively.
October 2022: Litecoin Price Forecast
Cryptocurrency experts are ready to announce their forecast for the LTC price in October 2022. The minimum trading cost might be $55.0445, while the maximum might reach $59.87401 during this month. On average, it is expected that the value of Litecoin might be around $57.71423.
LTC Price Forecast for November 2022
Crypto analysts have checked the price fluctuations of Litecoin in 2022 and in previous years, so the average LTC rate they predict might be around $59.44406 in November 2022. It can drop to $57.31427 as a minimum. The maximum value might be $62.76372.
December 2022: Litecoin Price Forecast
In the middle of the year 2022, the LTC price will be traded at $61.82382 on average. December 2022 might also witness an increase in the Litecoin value to $65.14349. It is assumed that the price will not drop lower than $59.68403 in December 2022.
Litecoin Price Prediction 2023
After the analysis of the prices of Litecoin in previous years, it is assumed that in 2023, the minimum price of Litecoin will be around $89.40106. The maximum expected LTC price may be around $106.05939. On average, the trading price might be $92.49075 in 2023.
Litecoin Price Prediction 2024
Based on the technical analysis by cryptocurrency experts regarding the prices of Litecoin, in 2024, LTC is expected to have the following minimum and maximum prices: about $136.0164 and $157.32427, respectively. The average expected trading cost is $139.71603.
Litecoin Price Prediction 2025
The experts in the field of cryptocurrency have analyzed the prices of Litecoin and their fluctuations during the previous years. It is assumed that in 2025, the minimum LTC price might drop to $196.0004, while its maximum can reach $232.90671. On average, the trading cost will be around $202.9897.
Litecoin Price Prediction 2026
Based on the analysis of the costs of Litecoin by crypto experts, the following maximum and minimum LTC prices are expected in 2026: $338.33616 and $286.83131. On average, it will be traded at $294.9505.
Litecoin Price Prediction 2027
Crypto experts are constantly analyzing the fluctuations of Litecoin. Based on their predictions, the estimated average LTC price will be around $436.9363. It might drop to a minimum of $422.18778, but it still might reach $496.9903 throughout 2027.
Litecoin Price Prediction 2028
Every year, cryptocurrency experts prepare forecasts for the price of Litecoin. It is estimated that LTC will be traded between $636.14638 and $729.77702 in 2028. Its average cost is expected at around $653.61463 during the year.
Litecoin Price Prediction 2029
Cryptocurrency analysts are ready to announce their estimations of the Litecoin’s price. The year 2029 will be determined by the maximum LTC price of $1,101.30986. However, its rate might drop to around $926.26736. So, the expected average trading price is $958.9541.
Litecoin Price Prediction 2030
After years of analysis of the Litecoin price, crypto experts are ready to provide their LTC cost estimation for 2030. It will be traded for at least $1,358.97409, with the possible maximum peaks at $1,615.49843. Therefore, on average, you can expect the LTC price to be around $1,406.91929 in 2030.
Litecoin Price Prediction 2031
Cryptocurrency analysts are ready to announce their estimations of the Litecoin’s price. The year 2031 will be determined by the maximum LTC price of $2,373.90259. However, its rate might drop to around $1,993.8006. So, the expected average trading price is $2,064.14357.
Litecoin Prediction by Experts
Despite not being among the top 10 cryptocurrencies by market capitalization, Litecoin is still an incredibly popular cryptocurrency. As a result, there are quite a lot of Litecoin price predictions out there made by top industry analysts. Here are some of them.
The Price Prediction platform’s Litecoin forecast is unbelievably bullish. It is probably one of the most optimistic LTC price predictions you will find. They expect this coin to grow tenfold in just five years and can see Litecoin’s future price crossing over the $3K mark before this decade is over.
Digital Coin Price
Like most other Litecoin price forecasts, the one from Digital Coin Price is also bullish on this digital asset. Their price prediction sees the coin’s price doubling in value over the next five years.
GOV Capital also has a positive outlook on the future of Litecoin. Although they are bearish on it in the short term, they expect LTC to start rising again sometime next year.
Wallet Investor’s LTC price prediction is moderately bullish in the short run but expects this coin to go through a period of explosive growth in five years. They think that Litecoin may double its price by 2027.
Unlike most other platforms, TradingBeasts is bearish on LTC. They think that Litecoin’s price and market cap are going to decline in both the short- and the long run.
Their Litecoin forecast has the coin declining until the end of 2023. Then, TradingBeasts predicts that Litecoin’s price will start rising again. However, they do not see LTC hitting a new ATH in the next few years.
You can buy or exchange Litecoin at great rates and with low fees on Changelly.
In order to get any cryptocurrency, you will need a crypto wallet that supports it. Find out which reputable wallets support LTC here.
How high can Litecoin’s price realistically go?
Litecoin’s all-time high is a little over $400. At the moment, we think that, realistically, the LTC price can go up to about $1,000 — at least in the near future.
Should I buy Litecoin or Ethereum?
Both ETH and LTC are high-risk, high-reward assets. Although Ethereum would usually be a better fit for most portfolios, you should research both of these crypto assets before you make up your mind.
Is Bitcoin better than Litecoin?
Litecoin and Bitcoin have many similarities — after all, LTC is a fork of BTC. Nonetheless, they have different hash functions, and Litecoin was specifically designed to process transactions four times faster than Bitcoin. However, Bitcoin has a much higher market cap and price.
What is better than Litecoin?
There are many cryptocurrencies that can be considered “better” than Litecoin on a technical level — for example, Ethereum. However, that does not mean LTC is bad or useless — it simply offers something different. It is still favored by many investors as a cheap and quick medium of exchange.
Is Litecoin truly decentralized?
Although Litecoin is technically decentralized by design, it has a single, well-known creator — Charlie Lee. This means that there is a person out there who has at least some additional influence over the project. However, it is still considered fully decentralized by the community.
Does Litecoin use Proof-of-Work?
Just like Bitcoin, Litecoin uses the Proof-of-Work consensus mechanism.
Will Litecoin survive?
Only time will tell. Litecoin has the support and the technical foundation to survive in the long term, but it does not really offer anything other cryptocurrencies don’t have. Its survival will depend on how many businesses will adopt it, government regulation, and the competition within the crypto market.
Most Litecoin forecasts are bullish on this coin, and those that are not still don’t see it crashing. As long as the crypto market continues to exist, so does Litecoin — at least in the next decade. However, it remains to be seen whether LTC will be a profitable long-term investment.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.