Litecoin has been a natural alternative to Bitcoin since 2011, with investors eager to participate due to the coin’s high potential value. Although the price of Litecoin has dropped dramatically in recent months, there are currently some encouraging signals that could lead to lucrative chances in the next months and years.
We’ll go over our Litecoin Price Prediction for a range of timeframes in this article. Our analysis will cover both technical and fundamental factors, assuring a rational prognosis – and we’ll also point you in the direction of commission-free Litecoin purchases!
2022 Litecoin Price Prediction
The upward trend in the LTC/USD price that began around the close of 2020 and continued throughout the following year will continue into 2022. A surge in the price of Litecoin might be seen anywhere between the last year and 2022, leading it to its last big barrier around $330, followed by quick severe price swings by the end of 2022. We expect Litecoin to fall within the $191 to $219 pricing range in the first half of 2022.
Past Litecoin Price History
When purchasing cryptocurrency, it’s important to evaluate the past price data to predict the future price. With that in mind, this section will delve into the history of Litecoin’s price, examining how we arrived at this position. But first, let’s review what Litecoin is and how it functions.
Litecoin was created by Charlie Lee, a former Google employee, and published in 2011. Litecoin (LTC) is a peer-to-peer cryptocurrency similar to Bitcoin (BTC). Litecoin’s blockchain, on the other hand, features a faster block generation time, a greater maximum threshold of coins, and a distinct hashing mechanism.
Because of these distinctions, Litecoin has several real-world advantages over Bitcoin. Because of the shorter block production time, Litecoin transactions are a fraction of Bitcoin transactions, making the network faster. Furthermore, Litecoin’s hashing method is more user-friendly than Bitcoin’s complex mining technique, making mining more accessible to the average person.
Litecoin didn’t take off until May 2017, when it entered the spectacular bull market that saw the coin’s value climb by 3951 percent in only seven months. CNBC claimed that Litecoin was the fourth-largest cryptocurrency globally, with many investors eager to participate as a Bitcoin alternative.
However, from December 2017 and December 2018, the value of Litecoin plummeted by 93 percent. Much of this wasn’t due to Litecoin specifically but rather to the overall collapse of the crypto bubble. During this period, most digital currencies’ price charts will likely show large declines in value. Many investors thought cryptocurrency to be nothing more than a novelty.
As we have seen in the years, people don’t just buy Ethereum for the sake of speculation; they also acquire it for its practical applications. It is also true for Litecoin, which experienced a price surge in December 2020. The price of Litecoin has risen by 595 percent in the last 24 hours, and many people believe it will continue to rise.
Also, as it reached $410, the price dropped dramatically. Again, much of this was an unintended consequence of China’s crypto mining regulations, which damaged Bitcoin and the entire cryptocurrency economy. However, the current price has recently begun to rise again. Litecoin’s fresh momentum has the potential to take it to unprecedented heights.
Litecoin Price Predictions
We considered both technical and fundamental components for our Litecoin price prediction during our investigation. This method ensures that our Litecoin projection is as accurate as possible, making more informed investment decisions. The sections below delve into the technical and fundamental variables influencing the LTC price, giving you a solid sense of the coin’s prospects.
It’s critical to analyze the price chart and seek technical elements to provide insight into future price action, just as it is when buying equities. In the case of Litecoin, there was a massive jump in May 2021.
Price hit a high resistance level around $390, which prompted a significant bearish fall in the following months. However, in July 2021, the Litecoin price broke out of the descending wedge pattern, which forms when there is likely to be a significant increase in bullish momentum. In just a few weeks since that split, the price of Litecoin has risen by roughly 70%.
We see some resistance around the $200 mark in our Litecoin forecast as we move forward. It is also a strong psychological foundation that may be difficult to break. If the price continues to break through this level, there is a clear road back to the May 2021 highs.
During our Litecoin price prediction, we also consider fundamental aspects. As previously stated, Litecoin is similar to Bitcoin as it can transfer value from one person to another. Many individuals believe that Litecoin is a better digital currency since it is speedier and has fewer fees than Bitcoin.
Litecoin is reasonably stable is one of its most enticing features. Again, this is all relative, but Litecoin has the lowest volatility compared to other coins. As a result, slightly more risk-conservative investors may prefer to include it in their portfolios over alternatives like Cardano, Dogecoin, or Ripple.
Lastly, Litecoin is a well-known cryptocurrency, with many businesses and sellers accepting it as a payment mechanism. The more partnerships Litecoin has, the more valuable the digital asset becomes. If the trend continues, the price of Litecoin will surely rise further.
2023 Litecoin Price Prediction
According to Litecoin projections, based on how well the price of Litecoin has done in the past, we expect it to reach an average price of $295 in one year, representing a +185.92 percent increase over the current price. The Litecoin price forecast for 2023 shows that LTC will reach a high price of $350 and a minimum price of $254.
2024 Litecoin Price Prediction
Based on historical data, Litecoin’s price prediction foresees at least $322 per coin, given many people’s recent acceptance of Litecoin and other cryptocurrencies. Investing in a pool may prove to be a wise decision in the long run.
Litecoin Price Forecast 2025
Over the long term, our Litecoin forecast is fairly positive. Litecoin has been in existence since 2011, making it one of the first cryptocurrencies to reach the market. It is a plus for Litecoin because it is well-known, making it more attractive to prospective partners. Furthermore, because there is so much price data, forecasting future changes is easier.
Litecoin has an 84 million LTC maximum supply, compared to 21 million for Bitcoin, according to Sygnum. Although Litecoin has less volatility than other cryptos, the higher supply makes it far more stable. Another compelling argument for purchasing Litecoin is the lower barriers to entry for Litecoin miners compared to other cryptos.
Our Litecoin forecast for 2025 is fairly optimistic in terms of the future. As more businesses use Litecoin as a payment mechanism, the coin’s image in the crypto industry will undoubtedly improve. The resulting ‘hype’ will help drive up the price if this happens. We anticipate this will happen in the next few years, with Litecoin reaching $500 by 2025.
Furthermore, our Litecoin price forecast for 2030 is similarly upbeat. Most merchants will most likely accept digital currency as a payment method by this time. As a result of this transformation, retailers will require a quick and low-cost transfer method. Litecoin comes in; with superior overall metrics than Bitcoin, it may see widespread adoption in the future.
These projections are from our analysis; therefore, they differ from elsewhere. However, purchasing Litecoin in the United Kingdom is an excellent decision. This currency would make an ideal addition to your crypto portfolio due to its excellent prospects and steady attributes.
Litecoin Price Chart
As we’ve seen in our Litecoin forecast, the crypto’s future seems bright. Although it lacks Bitcoin’s ‘brand appeal,’ it performs far better in terms of technological performance. The developers of Litecoin must now focus on translating this into improved market performance.
The latest price increase could be the first hint that this will happen. However, one of the primary reasons investors aren’t as enthusiastic about Litecoin as Bitcoin is that Litecoin founder Charlie Lee sold all of his LTC holdings during the December 2017 significant increase. As a result, many people believe he utilized the coin for personal benefit, discouraging investors.
If Litecoin can break free from this stereotype, it will gain more legitimacy and see its price rise. Litecoin has partnered with some major companies, including the UFC and the Miami Dolphins, according to Publish0x. If the creators can add more companies to their list of partners, the coin’s valuation will skyrocket.
What are the Best Places to Invest in Litecoin?
As this article has demonstrated, Litecoin appears to be a promising investment in the future. This coin has lower volatility and more stability than many other cryptos, making it appealing to low-risk investors. To invest in Litecoin, you must first create an account with one of the best trading platforms in the UK that supports it.
After conducting extensive research and testing, we discovered that eToro is the finest site for investing in Litecoin. The FCA, ASIC, and CySEC regulate eToro, guaranteeing all users’ safety while trading. Furthermore, eToro boasts a global user base of over 20 million people, which adds to the platform’s trustworthiness.
The best part about eToro is that there are no commissions to pay when trading. Whether it’s a cryptocurrency or another asset, eToro has a 0% fee structure, making it an extraordinarily low-cost location to invest. Furthermore, there are no deposit or monthly account fees with eToro.
The minimum deposit amount at eToro has been cut to just $50 (£37), allowing customers to start small and gradually increase their investment. You can make deposits via credit/debit cards, bank transfers, and various e-wallets. PayPal is one of the e-wallets on this list, and it is a popular choice among investors.
Lastly, eToro provides some useful tools, like CopyTrader and CopyPortfolio. CopyTrader users can automatically imitate transactions made by other eToro users, while Copyportfolio users can invest in professionally managed portfolios without paying any management fees. Combining these two features makes eToro one of the most trader-friendly platforms accessible today.
Will the Price of Litecoin Increase?
Litecoin has been the leading asset over the past two decades, establishing itself as a trusted brand for investors and traders. It has earned a reputation in all markets for which it has worked tirelessly and nonstop.
The world’s largest digital currency manager, Grayscale Investments, has received FINRA approval to launch a Litecoin Trust, opening up Litecoin to high-net-worth individuals and institutional accounts, thereby instilling confidence in the retail and institutional investment community.
As a result, the long-term outlook for Litecoin price prediction appears promising, as the cryptocurrency is ready to integrate privacy protocols and partners.
Conclusion on Litecoin Price Prediction
To summarize, Litecoin is a viable option to Bitcoin that puts it in an ideal position to gain from future market impacts. Furthermore, numerous payment systems now (and will continue to) accept Litecoin as part of their services, increasing the coin’s accessibility. If Litecoin can continue to introduce new features that set it apart from the competition, we could see big price gains in the future.
So, if you want to buy Litecoin right now, we recommend eToro. Due to FCA and ASIC regulations, eToro is one of the safest places to acquire cryptocurrency. Furthermore, when it comes to crypto trading, eToro doesn’t charge any commissions and accepts investments as low as $50.
What is the current Litecoin price?
The current Litecoin price is 132.71USD
What factors influence the price of Litecoin?
The overall movement largely influences the price of Litecoin in the crypto market. When the value of other cryptos and altcoins rises, it tends to have a blow effect on Litecoin. On the other hand, as the value of cryptocurrencies falls, the value of Litecoin tends to fall as well.
What is the ideal place to purchase Litecoin?
Many brokers list it as a tradeable asset because Litecoin is among the top 15 cryptos in market capitalization. However, we advocate investing in Litecoin through eToro, which is highly regulated and has a 0% commission structure on crypto investments.
Why is the price of Litecoin increasing?
Litecoin is now rising due to the crypto market’s overall bull run. As the value of most coins rises at present, Litecoin’s value benefits indirectly.
What will the value of Litecoin be in 2022?
According to our calculations, Litecoin could return to its May 2021 highs by 2022. The coin’s worth would then be in the $410 area.
What will the value of Litecoin be in 2025?
There will almost certainly be another big price drop in the coming years. However, based on technical criteria, Litecoin has a significant possibility of reaching a value of $500 by 2025.