Litecoin Price Forecast & Predictions for 2024 and Beyond

Litecoin (LTC) cryptocurrency was created in 2011 by former Google employee Charlie Lee. Litecoin is based on the Bitcoin (BTC) protocol code, featuring a faster blockchain and lower reward per block.

Litecoin ranks among the top 10 cryptocurrencies, second only to Bitcoin. These two digital assets are often compared: if Bitcoin is the “crypto gold,” then Litecoin is the “silver.” This is probably why the coin manages to attract investor interest, and its price and market cap remain high even in times of market downturns.

This article offers Litecoin price forecasts for 2024 and beyond. The analysis will help to reveal projected Litecoin prices for 2030, 2040, and even 2050. How deep may Litecoin plunge in the medium and long term, or, conversely, is it poised to exhibit considerable and stable growth? This Litecoin overview explores technical analysis tools, fundamental factors, and expert opinions.

The article covers the following subjects:

Highlights and Key Points

  • The current Litecoin price stands at $76.75 as of 11.11.2024.
  • Analysts and crypto traders make moderately optimistic forecasts. In 2024, Litecoin is expected to grow cautiously. A negative scenario implies a slight decline, which will be recovered by the end of the year.
  • Most experts anticipate the Litecoin rate to rise in 2025, with the price exceeding the $100 mark.
  • The Litecoin rate is expected to appreciate significantly until 2030, surpassing the $700 level. At the same time, high volatility is also anticipated.
  • LTCUSD: based on the Elliott wave analysis, the LTCUSD pair may start developing a bullish zigzag pattern during the trading week. Consider long trades at the current level, placing a take-profit order at 84.20.

Litecoin Price Forecast for Today, in Coming Days and Week

Despite Litecoin’s obvious connection to Bitcoin, forecasts for Litecoin’s future are not so encouraging. At the end of 2023, the cryptocurrency performed worse than the crypto market in general and gradually depreciated. Considering the Litecoin price predictions for 2024, the coin can be profitable in short-term trading during its high-volatility periods.

Weekly Elliott Wave Litecoin Analysis as of 11.11.2024

The LTCUSD is forming a global double zigzag (W)-(X)-(Y). The price is falling in the linking wave (X), unfolding as a triple zigzag W-X-Y-XX-Z. Sub-waves W-X-Y must have finished, and the linking wave XX is developing as a double three [W]-[X]-[Y]. The motive wave [W] represents a triple zigzag. The linking wave [X]  is a double zigzag. Now let’s take a look at the 4-hour chart.

A motive wave [Y] is unfolding as a triple zigzag, mirroring the wave [W]. Sub-waves (W)-(X)-(Y)-(XX) may have concluded, and the final motive wave (Z) is expected to finish as a zigzag A-B-C. The first impulse wave A may end near 84.20.

Weekly LTCUSD Trading Plan:

Buy 75.43, TP 84.20

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

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Litecoin Price Forecast for 2024 – Experts Predictions

Let’s examine crypto experts’ opinions from public sources to get the latest updates on the Litecoin price prediction for 2024.

Changelly

Price range in 2024: $65.32–$71.87 (as of 15.10.2024).

Changelly analysts are cautious when estimating the future price of Litecoin. The lowest price is unlikely to fall below $65.32 by the end of the year. The highest price may reach $66.96 by December. No significant growth or decline is expected.

Month

Minimum, $

Average, $

Maximum, $

November

65.32

68.60

71.87

December

65.33

66.15

66.96

CryptoPredictions

Price range in 2024: $49.759–$73.531 (as of 15.10.2024).

CryptoPredictions analysts predict a slight decline, with the Litecoin exchange rate projected to reach $73.17.

Month

Minimum, $

Average, $

Maximum, $

November

50.001

58.825

73.531

December

49.759

58.539

73.174

PricePrediction

Price range in 2024: $68.04–$77.58 (as of 15.10.2024).

PricePrediction expects a modest increase. By the end of the year, the average coin price will trade around $72.09. The lowest and the highest price will stand at $68.79 and $77.58, respectively.

Month

Minimum, $

Average, $

Maximum, $

November

68.04

70.68

74.04

December

68.79

72.09

77.58

DigitalCoinPrice

Price range in 2024: $55.20–$140.06 (as of 15.10.2024).

DigitalCoinPrice sticks to an optimistic scenario for Litecoin, foreseeing a substantial increase to $140.06. Nevertheless, experts do not rule out that the price may fall to $55.20 by December.

Month

Minimum, $

Average, $

Maximum, $

November

56.78

67.39

139.28

December

55.20

69.58

140.06

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Litecoin Technical Analysis

The weekly time frame shows the entire history of the LTCUSD cryptocurrency quotes since 2014.

The price chart shows an uptrend, which has already finished as an impulse, in which the price has reached its high, and a bearish corrective trend, which is still developing.

Let’s assess the price movement on the daily and 4-hour charts to conduct a comprehensive technical analysis. The use of the following additional tools and indicators will also be helpful:

  • The Elliott Wave theory can help identify emerging patterns and predict future price movements.

  • Trend lines offer insight into the prevailing price direction.

  • Fibonacci retracement levels can determine potential pivot points.

  • Candlestick patterns are useful in assessing market behavior and psychology, as well as in identifying potential price targets.

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LTCUSD Analysis for Next Three Months

Let’s analyze the price movement in more detail on the daily time frame.

The LTCUSD pair is forming a large corrective linking wave (X), unfolding in the form of a triple zigzag W-X-Y-X-Z, with the first three parts completed.

The last section of the chart shows a large linking wave X, with the first half of it possibly forming as a double zigzag [W]-[X]-[Y]. The first motive wave [W] has finished in the form of a triple zigzag (W)-(X)-(Y)-(X)-(Z). The linking wave [X] is unfolding as a double zigzag (W)-(X)-(Y). The final sub-wave (Y) is in progress.

The price may fall to 40.20 in the motive wave (Y) by the end of October. At this mark, the wave [X] will be equal to the wave [W], based on the Fibonacci indicator.

In November and December, an upward trend may start, with the price rising to 82.67 and 115.22, respectively. Wave [Y] may form as a standard zigzag (A)-(B)-(C), as shown on the chart.

Long-Term LTCUSD Technical Analysis for 2024–2025

Let’s examine the chart markup on the 4-hour time frame.

The beginning of each new month of the year is marked by a vertical line. The linking wave [X] will end soon near 40.20 in the form of a double zigzag. At this level, wave (W) will retrace 100% of the motive wave [W], according to the Fibonacci indicator.

The motive wave [Y] is expected to start forming as a standard zigzag (A)-(B)-(C) at the beginning of November. The price will likely gradually grow to 82.67 in a bullish impulse (A).

In December, the LTCUSD price is expected to decline slightly within a small correction (B), which may retrace 23.6% of the impulse (A), according to the Fibonacci indicator. Therefore, quotes may slide to 72.20 and then grow again in the final wave (C).

By the end of this year, the price may increase in the impulse wave (C) to the previous high of 115.22, where a large motive wave [W] ended before.

In 2025, a bearish motive wave Z is expected to develop as a standard zigzag. The price will highly likely fall to 71.98 by May 2025 and gradually grow in a corrective wave afterward.

Month

LTCUSD Projected Values

Minimum, $ Maximum, $
2024

November

40.20

82.67

December

72.20

115.22

2025

January

105.22

115.22

February

96.26

105.22

March

85.63

96.26

April

77.58

85.63

May

71.98

77.98

June

71.98

74.78

July

74.78

79.68

August

79.68

80.38

September

80.38

84.00

Long-Term Trading Plan for LTCUSD

Let’s make a trading plan based on medium- and long-term forecasts:

  • At the end of October, consider short trades from the current level, as the construction of bearish wave Z is expected. The target is the 40.20 level.

  • In November, consider long trades. Impulse growth targeted at 82.67 is expected.

  • Starting from around mid-December, one may initiate long trades. The zigzag (A)-(B)-(C) is anticipated to continue developing. The price will highly likely reach the high of 115.22.

Considering long-term trades, one may open long positions once the wave [X] ends, taking profits after the completion of the wave [Y].

Litecoin Price Forecast for 2025 – Experts Predictions

When making long-term price forecasts, it is crucial to consider the opinions of acknowledged public experts, as they can significantly influence market expectations and behavior. In addition, significant discrepancies between your forecast and others may indicate errors. Let’s take a look at professional analysis and review expert Litecoin price predictions for 2025.

Changelly

Price range in 2025: $67.22–$100.09 (as of 15.10.2024).

Based on the analysis by the Changelly portal, Litecoin’s highest price in 2025 may reach $100.09. Its lowest price in the same period will unlikely fall below $67.22, and the average price will be around $92.94.

Month

Minimum, $

Average, $

Maximum, $

January

67.22

74.21

70.72

February

70.22

76.55

73.39

March

73.22

78.89

76.06

April

76.22

81.23

78.73

May

79.22

83.57

81.40

June

82.22

85.92

84.07

July

85.22

88.26

86.74

August

88.22

90.60

89.41

September

91.22

92.94

92.08

October

94.22

95.28

94.75

November

97.22

97.62

97.42

December

100.22

99.96

100.09

CryptoPredictions

Price range in 2025: $43.893–$72.759 (as of 15.10.2024).

The 2025 price forecast for the LTCUSD rate by CryptoPredictions is not particularly optimistic. The average Litecoin price is expected to reach $58.208 in January, gradually decreasing over the year. The lowest price in December will be $43.893, while the highest price will hit $64.548.

Month

Minimum, $

Average, $

Maximum, $

January

49.476

58.208

72.759

February

49.161

57.836

72.296

March

48.846

57.466

71.832

April

48.463

57.015

71.269

May

48.056

56.536

70.670

June

47.595

55.994

69.992

July

47.108

55.421

69.277

August

46.560

54.777

68.471

September

45.964

54.075

67.594

October

45.337

53.337

66.671

November

44.632

52.508

65.635

December

43.893

51.639

64.548

PricePrediction

Price range in 2025: $68.49–$123.43 (as of 15.10.2024).

PricePrediction experts foresee a potential cryptocurrency market recovery in the upcoming years, indicating a likely growth in the Litecoin price and market capitalization. By the end of 2025, the lowest and highest prices of the coin are predicted to reach $95.93 and $123.43, respectively.

Month

Minimum, $

Average, $

Maximum, $

January

68.49

75.69

77.86

February

74.32

77.21

81.64

March

75.92

79.52

84.73

April

79.03

81.91

88.71

May

80.67

83.55

92.80

June

82.34

85.22

96.98

July

85.02

88.63

101.24

August

87.52

90.40

105.67

September

88.60

92.21

110.19

October

91.37

94.98

114.80

November

93.27

96.87

119.55

December

95.93

98.81

123.43

DigitalCoinPrice

Price range in 2025: $139.17–$166.85 (as of 15.10.2024).

According to DigitalCoinPrice, the LTC exchange rate will grow in 2025, with high volatility expected. The price will reach its high of $166.85 in July, while the average price in December will stand at $147.09.

Month

Minimum, $

Average, $

Maximum, $

January

141.43

146.54

151.81

February

140.41

144.64

148.25

March

140.02

146.74

149.99

April

141.40

143.41

153.12

May

139.18

144.65

147.35

June

139.85

149.59

152.72

July

139.32

163.35

166.85

August

140.90

147.08

155.12

September

141.97

150.38

153.03

October

139.17

146.48

161.53

November

138.98

152.59

161.17

December

139.90

147.09

152.95

Litecoin Price History

Today, Litecoin is among the top 10 cryptocurrencies in terms of capitalization and demand in the market. Coin developer Charlie Lee prides himself on the fact that LTC is faster and cheaper to use than Bitcoin. However, Litecoin’s journey to becoming known as the “cryptocurrency silver” was filled with numerous ups and downs.

Despite the fact that the Litecoin project was published on the GitHub service on October 7, 2011 by Charlie Lee, the crypto market only learned about the new token in the spring of 2013. LTC originated as a fork of the Bitcoin client and was valued at $4.30 or 0.031 BTC per coin.

At first, not many bulls took up the idea of a new cryptocurrency, so the price of Litecoin quickly dropped to $1.50. However, the emerging altcoin market at the same time began to attract the attention of an increasing number of enthusiasts, who also highlighted LTC. Even before the end of 2013, the coin significantly increased in price and began to trade around $44.

During one of the bullish breakouts, the value of the token increased by 100% in 24 hours. However, the maximum price did not last long. The initial bubble of 2013–2014 subsided, and virtual money began to lose value sharply, including the top cryptocurrencies by market cap. Litecoin was no exception; by the end of 2014, it was worth only about one dollar. The reason for this sharp drop was also a twofold decrease in the number of coins issued for a mined block from 50 to 25 pieces. The rate remained stable until 2017, fluctuating in the range of $1–$4.

Bullish Breakout of 2017

Starting the year at less than four dollars, the price of Litecoin surprised even the most optimistic experts. In April 2017, after SegWit support was activated, Litecoin price soared and reached $50. By December, the cost of the coin reached a phenomenal $400.

The reason for this was the money of retail investors pouring into the market. Almost all cryptocurrencies known at that time increased in price in 2017. However, Litecoin became one of the leaders in the race primarily due to Charlie Lee’s media activity, his effective PR, and his promotion of LTC.

Charlie Lee’s Letter

In 2018, LTC began to lose value, dropping to $20 rapidly. The reason was the outflow of funds from Bitcoin and the cryptocurrency market in general. However, some analysts attribute the fall to the fact that in December 2017, Charlie Lee announced the sale of all his tokens. This demonstrative gesture was directed at haters who accused Charlie of manipulating the price of Litecoin for his own interests.

Second Pump in 2021

In mid-2021, the second sharp rise in the history of cryptocurrency occurred. Then, the token almost broke out the $400 level. The rise to the maximum price of LTC occurred against the backdrop of a sharp influx of capital into the crypto industry. Litecoin’s price and market cap are closely linked, so the capital injection sent the coin price soaring. Subsequent outflows in 2022 resulted in a similarly sharp decline.

Litecoin Halving

One of the events that has a significant impact on the price of Litecoin is halving. This is the process of reducing the reward for mining cryptocurrency by half, occurring at certain intervals. It is considered an important factor influencing the price since it directly affects the supply of Litecoin in the market.

For example, in anticipation of the halving scheduled for August 2023, the cryptocurrency showed significant growth. In the weeks leading up to the event, Litecoin was up about 8% in seven days. According to historical data, LTC begins to rise approximately 200 days before the halving event and continues to rise until approximately 35–40 days before it. In 2023, the token began to increase in price on January 16, which led to an increase in its value by 15%.

The first Litecoin halving event took place on August 25, 2015, when the developers decided to reduce the block reward from 50 to 25 coins. In anticipation of the procedure, there was a fivefold increase in trading volumes and prices. However, after the reduction in production, miners lost interest in the coin, which led to a decrease in investment and a subsequent drop in prices.

The second Litecoin halving event was scheduled for August 5, 2019, when 840,000 blocks were encoded in the network system. The miners’ reward was again reduced by two times – from 25 to 12.5 coins. A few months before the procedure, miners also became actively interested in cryptocurrency, which led to an increase in its value. In the chart, the growth wave on the eve of halving is marked with a green arrow and the event itself with a blue circle.

Litecoin in 2022–2024

According to the Elliott wave analysis on Litecoin, the final part of the motive wave Y of the global triple zigzag was forming in 2022. By mid-2022, the price fell to $40.20. Afterward, a large corrective linking wave started to develop, taking a complex shape. This corrective pattern has been forming for over two and a half years and will most likely finish by the end of this year. Thus, the quotes may grow to $115.22.

Litecoin Price Predictions for 2026–2029

The Litecoin price can be predicted in the long term, as high market capitalization ensures relative stability of the coin’s quotes. However, long-term forecasts should be considered only as approximate projections rather than strict guidelines for trading.

Changelly

Changelly experts have analyzed historical data to forecast the LTC price for 2026–2029. In 2026, the average price of the coin will be $136.85. In the following years, a robust bullish trend is expected, pushing the price to $516.13 by 2029.

Year

Minimum, $

Average, $

Maximum, $

2026

103.57

136.85

170.14

2027

146.17

193.72

241.28

2028

217.07

289.97

362.87

2029

311.70

413.91

516.13

PricePrediction

The LTC price forecast for 2026–2029 by PricePrediction suggests a strong bullish trend. The average price may increase from $143.56 in 2026 to $431.96 per coin in 2029. Thus, the asset may grow three times in three years. At the same time, the highest Litecoin price may reach $490.44 in 2029.

Year

Minimum, $

Average, $

Maximum, $

2026

138.62

143.56

167.53

2027

203.45

210.63

234.13

2028

281.00

291.54

356.10

2029

420.30

431.96

490.44

DigitalCoinPrice 

DigitalCoinPrice analysts predict a steady bullish trend from 2026 to 2029. The average price is projected to be $232.58 in 2026 and around $336.89 by the end of 2029.

Year

Minimum, $

Average, $

Maximum, $

2026

194.77

232.58

240.90

2027

254.42

289.32

299.19

2028

254.42

289.32

299.19

2029

313.81

336.89

359.95

Litecoin Price Prediction for 2030

Litecoin price forecast for 2030 refers to long-term planning. In a few years, Litecoin may begin to move in a different direction due to various fundamental factors.

Changelly

Price range in 2030: $476.38–$809.33 (as of 15.10.2024).

Changelly‘s LTC price forecast for 2030 suggests that the quotes may exceed the critical psychological mark of $800. However, these are the most optimistic expectations. According to more modest estimates, the lowest price will reach $476.38.

Month

Minimum, $

Average, $

Maximum, $

January

476.38

492.42

540.56

February

495.23

511.97

565

March

514.08

531.51

589.43

April

532.93

551.05

613.86

May

551.78

570.59

638.30

June

570.64

590.14

662.73

July

589.49

609.68

687.16

August

608.34

629.22

711.60

September

627.19

648.76

736.03

October

646.04

668.31

760.46

November

664.89

687.85

784.90

December

683.74

707.39

809.33

PricePrediction

Price range in 2030: $410.36–$722.45 (as of 15.10.2024).

According to PricePrediction, Litecoin may increase to $722.45 by 2030, with an average price of $609.54.

Month

Minimum, $

Average, $

Maximum, $

January

410.36

453.56

466.51

February

445.35

462.63

484.66

March

454.60

471.88

507.79

April

468.76

486.04

526.66

May

483.88

505.48

550.96

June

508.42

525.70

571.18

July

514.61

536.21

592.21

August

536.06

557.66

619.02

September

551.53

568.81

646.90

October

562.91

580.19

669.66

November

570.19

591.79

692.86

December

587.95

609.54

722.45

DigitalCoinPrice 

Price range in 2030: $442.91–$494.85 (as of 15.10.2024).

DigitalCoinPrice‘s forecast for 2030 suggests that the coin will rise to $492.59. However, in a negative scenario, the price may reach $442.91.

Month

Minimum, $

Average, $

Maximum, $

January

443.24

466.07

492.59

February

443.25

476.89

482.90

March

444.06

457.59

463.70

April

444.75

481.73

493.27

May

442.91

448.72

470.00

June

444.97

471.40

483.67

July

443.37

482.76

494.85

August

443.42

463.11

487.27

September

444.64

464.88

468.56

October

444.93

453.79

479.28

November

444.02

452.21

472.39

December

443.91

456.61

479.69

Litecoin Price Prediction for 2040

A long-term coin forecast, especially if it is an outlook for 15–20 years, should be considered an additional indicator that takes into account current trends. Due to the unpredictability of the cryptocurrency market and the rapid growth of the big data industry, the actual price and market capitalization of Litecoin in 2040 may differ significantly from the forecasts.

Changelly

Price range in 2040: $4,528.83–$41,119 (as of 15.10.2024).

In 2040, Changelly analysts expect truly phenomenal growth for the coin. Litecoin will grow by several thousand dollars per month. If, at the beginning of the year, the average price is predicted to be around $4,810.42, by December, the lowest price is expected to be around $33,028, and the highest at $41,119. Although such a forecast looks unrealistic, the cryptocurrency market has already seen similar surges.

Month

Minimum, $

Average, $

Maximum, $

January

4,528.83

4,810.42

5,618.33

February

7,119.67

7,612.83

8,845.67

March

9,710.50

10,415.25

12,073

April

12,301.33

13,217.67

15,300.33

May

14,892.17

16,020.08

18,527.67

June

17,483

18,822.50

21,755

July

20,073.83

21,624.92

24,982.33

August

22,664.67

24,427.33

28,209.67

September

25,255.50

27,229.75

31,437

October

27,846.33

30,032.17

34,664.33

November

30,437.17

32,834.58

37,891.67

December

33,028

3,5637

41,119

Litecoin Price Prediction for 2050

As a rule, experts do not take a 25-year price forecast as investment advice seriously. The cryptocurrency market is developing too quickly and may undergo dramatic changes in the coming years, not to mention several decades. Therefore, the presented forecasts for the future of Litecoin should be considered only as assumptions about the possible path of development of the coin and the cryptocurrency market as a whole.

Changelly

Price range in 2050: $34,712.83–$60,353 (as of 15.10.2024).

Changelly‘s Litecoin price forecast for 2050 suggests that the coin will trade at an average of $51,749 by mid-century. In a pessimistic scenario, the asset will trade at $53,246 by December 2050. The highest price may reach $60,353.

Month

Minimum, $

Average, $

Maximum, $

January

34,712.83

37,276.67

42,721.83

February

36,397.67

38,916.33

44,324.67

March

38,082.50

40,556

45,927.50

April

39,767.33

42,195.67

47,530.33

May

41,452.17

43,835.33

49,133.17

June

43,137

45,475

50,736

July

44,821.83

47,114.67

52,338.83

August

46,506.67

48,754.33

53,941.67

September

48,191.50

50,394

55,544.50

October

49,876.33

52,033.67

57,147.33

November

51,561.17

53,673.33

58,750.17

December

53,246

55,313

60,353

How to Predict Litecoin Price?

Making a Litecoin price forecast is a complex process that involves various methods and tools. Six approaches for predicting the cryptocurrency price can be highlighted. If you know more, share them in the comments.

1. Technical analysis

The method involves studying historical price data and trading volumes. Analysts use various indicators such as moving averages, support and resistance levels, the RSI (relative strength index), and MACD (moving average convergence divergence) indicators. Chart patterns, price action, Fibonacci levels, the Keltner channel and SAR indicators, and Bollinger Bands are also preferred.

2. Fundamental analysis

The approach is based on studying fundamental factors influencing the Litecoin value, such as technical updates, halving, and other mining decisions, indicators of the supply and demand of the token in the market. Fundamental analysis must take into account the general state of the international investment market and the macroeconomic indicators of advanced economies.

3. News

The cryptocurrency market often responds to news events. Positive news includes recognition from large companies and favorable regulatory changes. These factors can increase the price of Litecoin, while negative news can cause it to decrease.

4. Market sentiment analysis

Using social media and analytical platforms, you can assess the general sentiment of market participants. High levels of enthusiasm, greed, or fear can indicate potential market movements. One of the most accessible sentiment analysis tools is search query statistics, which can be found in Google Trends. Less known but free resources for sentiment analysis include coincodex.com, alternative.me, and coinstats.app. Among the conditionally paid applications are augmento.ai and santiment.net.

5. Econometric and statistical models

Some analysts use complex mathematical models to make the LTC price forecasts based on historical data and probability calculations. For example, the ARIMA model is designed for time series analysis and forecasting. It combines autoregressive (AR), integrated (I), and moving average (MA) components.

6. Machine learning and artificial intelligence

Recently, machine learning algorithms, which analyze large amounts of data to identify hidden patterns and predict future price movements, have become increasingly popular. These models gained particular demand with the boom in generative models, such as Chat GPT. It is the dream of any trader to obtain artificial intelligence that will trade at a professional level. Unfortunately, it remains a dream. So far, you cannot find a single service on the public Internet that would offer effective AI solutions for trading.

Before you make your own forecast, you need to understand that even using all these methods does not guarantee 100% accuracy. The cryptocurrency market is unpredictable and characterized by high volatility; many external factors can change the price trend at any time. Investors and traders should conduct an analysis and consider the risks of their investment decisions.

What factors affect Litecoin’s price rate?

Analyzing the history of the LTCUSD pair’s movement, it becomes clear that it is entirely different from the BTCUSD pair. This is a sure sign that Litecoin has internal and external factors that significantly affect its price. Let’s take a closer look at them.

Cryptocurrency Market News

Cryptocurrency market news affects every virtual coin in one way or another, including Litecoin. The launch of BRC-20 in the spring of 2023 was indicative. This is a new smart contract protocol standard that allows one to create Web3 applications based on the Bitcoin blockchain.

Due to the technological similarity of the two cryptocurrencies, it was not difficult for the LTC team to copy successful BTC solutions and implement them into their blockchain. The hype around BRC-20 led to a sharp increase in the Litecoin demand, which almost at the same time acquired a similar standard, LTC-20.

The chart above shows how these events affected the price. Since the beginning of May, “cryptocurrency silver” has risen in price by 20% to $97 dollars. The highest price with minor pullbacks remained until the beginning of June.

The next information campaign began in July and was dedicated to the upcoming Litecoin halving. Then, the price approached record highs for 2023 and exceeded them.

General Economic News and Geopolitics

Contrary to the opinion of some crypto traders, news from the sphere of politics and macroeconomics has a significant impact on the cryptocurrency market and, in particular, on the price of Litecoin.

The new variant of coronavirus Omicron has caused the withdrawal of large amounts of capital from risky assets. Already on November 26, 2021, Bitcoin collapsed by 8%. Altcoins reacted a few days later. A sharp drop in the Litecoin prices began on November 10. The cost of the coin, which was $295 at its peak, dropped to $91 by February 2022.

Then came a new shock – the conflict between the Russian Federation and Ukraine. This event affected the cryptocurrency rate from two sides. Private investors saw the salvation of their capital in cryptocurrency, but this did not add confidence in the long term. Geopolitical tensions and instability in the stock market and the commodity market contributed to the development of the bearish trend for the LTCUSD pair from March to June 2022.

Token’s supply and demand

Determining the supply and demand for Litecoin is a challenging task as the asset is decentralized. Nevertheless, there are several indicators and tools that can help you assess the current situation. You can analyze the demand through the following indicators:

  • Trading volume;

  • Market sentiment – the Fear and Greed index;

  • Social media sentiment;

  • Number of holders and wallets.

  • LTC futures open interest

The following indicators can be used to gauge supply:

  • Number of coins in circulation;

  • Number and size of transfers from cold wallets to exchanges;

  • Depth of Market;

  • Technical indicators such as MACD can indicate whether a coin is in the oversold or overbought zone.

Is Litecoin a Good Investment?

Whether Litecoin is a good investment depends on many factors. To answer this question objectively, let’s look at it from several angles.

1. Rich history

Litecoin is one of the oldest cryptocurrency assets. It has certainly generated thousands of percent returns for early investors, even at current levels. We also should not forget that the cryptocurrency market has experienced several crises since the Litecoin foundation. The fact that the coin continues to exist and remains a leader in a number of parameters speaks of its reliability.

2. Pros and Cons

Compared to Bitcoin, Litecoin has a number of advantages, such as faster transactions and lower commission costs. The disadvantage of Litecoin is its relatively high centralization and price dependence on the public behavior of its creator, Charlie Lee.

3. Investment strategy

Whether LTC is a good investment depends largely on your investment horizon and risk appetite. Litecoin prices have pronounced cycles lasting 2–3 years. We are currently at a notional plateau, so if your investment horizon does not exceed 12 months, then “cryptocurrency silver” could indeed be a good investment.

4. Risks and prospects

Despite the potential profits, there are risks, including a lack of investor interest and competition with other cryptocurrencies. The Litecoin blockchain is developing rapidly, but this has little effect on the price of the asset itself. The latest Mimblewimble Extension Block (MWEB) updates and halving added only a few percent and largely went unnoticed. High competition among more modern blockchains makes the prospects for Litecoin very vague.

5. Various Litecoin forecasts

Some sources suggest significant growth over the long term. For example, it is predicted that the average price could reach between $2,755 and $3,190 by 2032. It is not advisable to use such long-term estimates when making investment decisions. When determining investment goals, it is wiser to start from those historical highs that have already been achieved. “Cryptocurrency silver” has the potential to grow to $400, which, from current levels, promises to bring investors hundreds of percent of net profit.

Notably, the price and investment forecasts may not be accurate. It is up to you to decide whether to buy LTC or not. And that decision should take into account your individual risk profile and investment objectives. Always do your own research, and do not invest more than you can afford to lose.

Litecoin Price Prediction FAQs

The current price of Litecoin is $76.75.

There is no consensus on this issue. Expert estimates vary from $50 to $140, with the average price expected to be around $70.

Experts do not have a common opinion on this issue. Based on the patterns of Litecoin price cycles, 2025 might not be the most favorable time for investing. The LTC quotes will range between $43.89 and $166.85.

Optimists and devoted supporters predict a huge increase in the price of Litecoin, with the LTCUSD pair potentially reaching $700–$800. According to more moderate forecasts, the price will climb to $400–$500.

Even Charlie Lee himself would not be able to answer this question. However, experts are confident about further increase. In January 2040, the price is expected to hit $4,528. By the end of the year, it is projected to reach $41,000, which is nearly a tenfold growth.

Yes, Litecoin is expected to rise again. At the very least, it has the potential for further growth. Obviously, “cryptocurrency silver” is a serious competitor to other digital currencies.

According to CryptoPredictions and Changelly, the Litecoin rate will begin to recover in 2024 and reach $80–$100. In 2025, the average annual price is expected to be $165, and by the end of the year, it may exceed $190. Therefore, the Litecoin price is gaining traction now. However, experts anticipate higher growth rates in the long term.

According to experts, the Litecoin rate may exceed the $1,000 mark in the long term, in 25 years. Thus, in January 2040, the token’s price will trade at $4,528, continuing to grow further. However, these estimates are approximate, and the real value will depend on various fundamental factors.

While some experts predict a bright future for Litecoin, others are hesitant to make such bold predictions. Notably, Litecoin is not worth investing in if you prefer short-term strategies, as it will take time for the coin to recover after the fall. In addition, the coin price is not growing as quickly as other cryptocurrencies. However, if you prefer long-term strategies, investing in Litecoin can bring substantial profits, especially with the anticipated bullish trend in 2024. Moreover, short-term dips provide a good opportunity to buy a coin at a favorable price before it surges again.

Price chart of LTCUSD in real time mode

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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This post is originally published on LITEFINANCE.

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