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

What is Litecoin’s current price?

The current price of Litecoin is $76.75.

What is the LTC forecast for 2024?

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

What will Litecoin be worth in 2025?

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.

What will Litecoin be worth in 2030?

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.

What is the price prediction for Litecoin in 2040?

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.

Does Litecoin have a future?

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.

Will Litecoin bounce back?

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.

Will LTC ever reach $1,000?

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.

Is LTC a good investment?

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.