Litecoin (LTC), one of the oldest and most primitive cryptocurrencies after Bitcoin price has maintained a notable bearish trend for a long time. Despite being a ‘Lite version of Bitcoin’ LTC price failed to grab the attention of the market participants and hence continues to trade within narrow ranges.
Meanwhile, a couple of surges recorded by the crypto in recent times have intensified its presence in the market. Moreover, the popular asset is expected to kick-start a bull run very soon. Will Litecoin price prediction ever reach $1000 in the upcoming years? Is it a good time to buy LTC crypto? Let’s check it out with the latest Litecoin (LTC) price predictions 2023 – 2025 and beyond!
|Market cap||$ 0.0000|
|Trading Volume||$ 0.0000|
|All-time high||$ 0.0000 Jan 1, 1970|
|All-time low||$ 0.0000 Jan 1, 1970|
Litecoin Price Prediction
Litecoin Price Prediction December 2022
Litecoin’s price has been incremental ever since a significant buying volume pushed the price higher in mid-June. However, during the past couple of months, the extended bearish pressure has dragged the crypto below the crucial trend line.
Meanwhile, the fresh price surge enabled the price to reclaim its position within the ascending bullish pennant, poised for a breakout. The yearly close usually induces a significant bullish momentum within the crypto space, where-in the assets attempt to close the trade on a bullish note.
Moreover, the bulls are expected to reclaim their dominance and eventually uplift the price significantly beyond $75. Furthermore, by the end of the monthly trade, the Litecoin price may hover around $82 to $85 if the bears remain vulnerable. Therefore, the Litecoin price prediction for 2022 is between $87 to $94.
LTC Crypto Price Prediction 2023
Litecoin is said to be a the future to which anyone, anywhere can use without permission to transact with anyone else in the world. they can also take part in the global economy with the help of this crypto. The year 2023 is crucial for Litecoin, as the next LTC halving event could take place in the periphery of the year.
Provided things go as planned, with newer adoptions and collaborations, the price could shoot to $153.13. However, the network not standing to the expectations of the fraternity, could result in the price taking a dip to $77.20. Consequently, constrained by a linear outlook LTC price might land at $116.21.
Litecoin Price Prediction 2024
If the team behind Litecoin rolls out major developmental upgrades such as that of MWEB. The protocol would find more buyers and adopters. In such a case, the price of LTC might hit its potential high of $317.98.
On the flip side, ebbing stance and stiffer competition might leave the price at $181.44. Successively, the regular price might find its base at $264.33.
LTC Price Prediction 2025
Its current price range can attract many traders, as it is feasible when compared to Bitcoin in all possible aspects. Further, if the network succeeds in lowering the block time, it can even move heads on with Bitcoin. Therefore, major collaborations with financial institutions, Litecoin can soar up to $774.01 if the above set conditions are met.
However, anxiety regarding newer regulations continues to persist among LTC users. If the market experiences a similar crash in the coming years, Litecoin’s price can wipe down greatly to $390.02. But considering that long-term investor will stick to the currency. The average price at which LTC might trade by the end of the next three years is $581.21.
CoinPedia’s Litecoin Price Prediction
According to Coinpedia’s formulated Litecoin price prediction, several recognized institutions could invest and accept LTC as a payment. It is a possible reality because of the fact that LTC lowers transaction speeds and costs, which seems appealing.
If the coin gains some hype in the coming months. The LTC price can strike a high of above $83 in 2022. But with rising bearish influence, Litecoin can drop to $54 by the end of 2022.
Litecoin Market Analysis
|Digital Coin Price||$92.34||$189.20||$258.21||$335.81|
*The aforementioned targets are the average targets set by the respective firms.
Latest market updates
Litecoin creators talk about the upcoming technology
MWEB (Mimblewimble Extension Blocks), which was first introduced as a Litecoin Improvement Proposal, is a fungibility-improving technology that enhances confidentiality between the sender and receiver in a transaction.#MWEB embrace the future⚡ pic.twitter.com/Xe6AAYJUp8
— Litecoin (@litecoin) November 28, 2022
What Is Litecoin?
Sharing similarities with Bitcoin, it works on a Proof-of-Work consensus mechanism. But the platform involves complex computational algorithms to mine blocks. That is then fastened to the blockchain of the network, which is a public ledger. For mining, the platform uses the Scrypt protocol which helps in maintaining extra decentralization.
Also, powering confidential transactions, Litecoin turned out to be the network that proved every participant can exchange currencies with zero cost. Every transaction made on the blockchain remains irreversible and gets stored there forever. Like conventional blockchain technology, literally, nobody has edit access to the data/transaction on the Litecoin blockchain.
Also, in rare conditions where currencies may be looted, the network has a trace print which makes identifying the hacked currencies easy. LTC is the network’s native currency and is in use within the network for providing rewards or incentives to the miners. Outside the frame, Litecoin acts as a medium of exchange and is proving to be a stable and inexpensive asset.
Litecoin is a peer-to-peer cryptocurrency developed in 2011, by satoshilite, a former google employee. The cryptocurrency was created based on the Bitcoin protocol. But it differs in terms of the hashing algorithm used, hard cap, block transaction times, and a few other factors. Litecoin was released via an open-source client on GitHub in the year 2011.
The Platform is more accessible to people than Bitcoin. Hence known as the “silver” of the crypto world whereas Bitcoin is referred to as the “gold” of the crypto world. It makes micro-transactions possibly quick and has a block time of just 2.5 minutes. Note that Bitcoin has a block time of 10 minutes.
Litecoin has had multiple partnerships on board over the years, aiming for the expansion and utility of its digital currency. Some of the notable collaborations are with UFC Octagon, in 2018, Miami Dolphins(NFL, USA), and NordVPN. Lately, Litecoin also partnered with Cred, a prominent crypto borrow and lending platform. The network hit another milestone when Venmo, the second most famous US financial app launched Litecoin on its platform.
Litecoin Historical Market Sentiments
2013 – 2018
- The coin was launched on October 11th. Initially, its price was very low, at about $3 for quite a long time.
- Only in November, the price had a significant price movement. LTC jumped three times higher and hit $40 within a few days.
- However, in May Litecoin dropped to $10 and then in October to $3 per coin.
- Then the crypto was seen trading between $1 and $4 for three years, until 2017.
- The announcement of the SegWit protocol in March pushed the price to $16. Then in May LTC launched the protocol which pushed the price to $30.
- The bullish trends helped LTC close the year at $250.19.
- LTC started the trade at $244.09 by early January but plunged to reach the low of $116.46 in April.
- LTC shockingly dropped to $24.50. Further, the price started to pour and managed to reach $28.74 at the end of 2018.
2019 – 2021
- In 2019 Litcoin continued its price growth by trading at $31.94 in early January.
- Surprisingly, the price followed an upward movement to reach $141.38 by the end of June as Bitcoin’s price hit $12,000.
- It started the year at $41.67 and doubled to over $80 in February.
- The heat started to exit the market quickly and LTC was not immune from the mid-March crypto flash crash.
- Following the expansion of Bitcoin’s price rally, LTC was trading around $87 by the end of November.
- By the mid of February 2021, the price surpassed $200, and further reached the yearly highs at $335.
- Following the May 19th market crash, LTC price plunged heavily and hit $107.46 on July 20th.
- The asset reached a peak of $278.01 in the second supercycle yet failed to hold the above resistance.
- That said, the annual trade for 2021, was closed with a price tag of $153.3.
Is Litecoin a good investment?
Yes, Litecoin can be a good investment option, if you are considering it for the long term.
Can Litecoin be halved? When is the next Litecoin halving event taking place?
Yes, Litecoin can be halved, it was in 2019 when it had completed the halving procedure. The next LTC halving event can take place in 2023.
How high can Litecoin price go by the end of 2022?
The price of LTC could possibly reach its maximum of $93.25, by the end of 2022.
What could be the average trading price of Litecoin by the end of 2025?
Litecoin price could hit its average price of $581.21, by the end of 2025.
How to buy Litecoin?
Litecoin can be traded across exchanges like Binance, Bitrue, Coinbase Pro, OKEx, and HitBTC, amongst others.