Litecoin Price Prediction 2024-2033
- Litecoin Price Prediction 2024 – up to $125
- Litecoin Price Prediction 2027 – up to $317.43
- Litecoin Price Prediction 2030 – up to $917.34
- Litecoin Price Prediction 2033 – up to $2912.23
How much is LTC worth?
Today, the price of Litecoin stands at $83.1 by a 24-hour trading volume amounting to $336 million. With a market capitalization of $5 billion, its market dominance is 0.48%. Over the past 24 hours, the LTC price has seen a 1.1% decrease. Currently, the circulating supply of Litecoin is 73.66 million LTC, out of a maximum supply of 84 million LTC. The annual supply inflation rate is at 3.56%, indicating that 2.53 million LTC were generated over the past year.
Litecoin price analysis: LTC price struggles in surging above $88
TL; DR Breakdown
- LTC price faced a surge in selling demand as it aims for an immediate push above $88
- Resistance for LTC is present at $85.67
- Support for LTC/USD is present at $82.21
The LTC price analysis for 29 April confirms that both side traders are struggling to validate a clear trend on the price chart. However, bears are currently having an advantage as LTC price rejects the $88 mark.
LTC price analysis 1-day chart: LTC/USD continues to struggle near resistance lines
Analyzing the daily price chart, Litecoin price is currently experiencing buying activity as it met buyers’ demand and triggered a rebound. However, sellers continue to create pressure on the chart near resistance lines, defending an immediate surge above $88. The 24-hour volume dropped to $8.6 million, showing a decreased interest in trading activity today. LTC price is currently trading at $83.1, decreasing by over 1% in the last 24 hours.
The RSI-14 trend line has declined from its previous level and currently trades below the midline at level 44, hinting that bears are slowly gaining the control of the price chart. The SMA-14 level is suggesting volatility in the next few hours.
LTC/USD 4-hour price chart: Bears aim for a correction below EMA trend lines
The 4-hour Litecoin price chart suggests that bulls are increasing their domination to keep the altcoin above the EMA trend lines. However, bears continue to defend a surge in the price chart and prepare for a hold below the trend line.
The BoP indicator is trading in a bearish region at 0.54, signifying that sellers are triggering a minor downward correction.
Additionally, the MACD trend line has formed bearish candles below the signal line and the indicator aims for a negative momentum, weakening the chances of a bullish comeback.
What to expect from LTC price analysis next?
The hourly price chart confirms that bulls are inducing buying pressure to hold the price; however, sellers may soon make a comeback. If LTC price holds its momentum above $85.67, it may climb toward $88.62.
If bulls fail to initiate a surge, LTC price may drop below the immediate support line at $82.21, which may result in a correction to $77.38.
Is Litecoin A Good Investment?
Litecoin serves as a streamlined alternative to Bitcoin, making it an appealing choice for everyday transactions worldwide. Additionally, with a finite cap of 84 million coins, LTC presents itself as a potential investment for value preservation, akin to Bitcoin’s role as a digital asset.
Recent News/Opinions on LTC
Network Update: Litecoin recently updated its network with “Litecoin Core v0.21.3rc3.”
Growing Network Activity: Recent statistics from BitPay reveal that Litecoin now has more than 38% of all transactions processed on their platform.
Litecoin Price Predictions 2024-2033
Price Prediction By Cryptopolitan
| Year | Minimum ($) | Average ($) | Maximum ($) |
| 2024 | 87 | 96 | 125 |
| 2025 | 130.56 | 134.37 | 159.80 |
| 2026 | 179.26 | 185.98 | 226.73 |
| 2027 | 255.03 | 262.47 | 317.43 |
| 2028 | 363.51 | 374.01 | 437.15 |
| 2029 | 523.21 | 538.17 | 633.31 |
| 2030 | 770.33 | 797.23 | 917.34 |
| 2031 | 1,149.23 | 1,181.12 | 1,330.70 |
| 2032 | 1,624.15 | 1,683.21 | 1,984.98 |
| 2033 | 2,284.82 | 2,352.15 | 2,912.23 |
Litecoin Price Prediction 2024
The price of Litecoin is predicted to reach a minimum value of $87 in 2024. The Litecoin price could reach a maximum value of $125 with the average trading price of $96 throughout 2024.
Litecoin Price Prediction 2025
As per the forecast and technical analysis, in 2025, the price of Litecoin is expected to reach a minimum price value of $130.56. The LTC price can reach a maximum price value of $159.80 with the average value of $134.37.
LTC Price Forecast for 2026
The price of Litecoin is predicted to reach a minimum value of $179.26 in 2026. The Litecoin price could reach a maximum value of $226.73 with the average trading price of $185.98 throughout 2026.
Litecoin (LTC) Price Prediction 2027
Litecoin price is forecast to reach a lowest possible level of $255.03 in 2027. As per our findings, the LTC price could reach a maximum possible level of $317.43 with the average forecast price of $262.47.
Litecoin Price Prediction 2028
According to our deep technical analysis on past price data of LTC, in 2028, the price of Litecoin is forecasted to be at around a minimum value of $363.51. The Litecoin price value can reach a maximum of $437.15 with the average trading value of $374.01.
Litecoin Price Prediction 2029
As per the forecast price and technical analysis, in 2029, the price of Litecoin is predicted to reach at a minimum level of $523.21. The LTC price can reach a maximum level of $633.31 with the average trading price of $538.17.
Litecoin (LTC) Price Prediction 2030
According to our deep technical analysis on past price data of LTC, in 2030, the price of Litecoin is predicted to reach at a minimum level of $770.33. The LTC price can reach a maximum level of $917.34 with the average trading price of $797.23.
Litecoin Price Forecast 2031
The price of 1 Litecoin is expected to reach a minimum level of $1,149.23 in 2031. The LTC price can reach a maximum level of $1,330.70 with the average price of $1,181.12 throughout 2031.
Litecoin (LTC) Price Prediction 2032
Litecoin price is forecast to reach a lowest possible level of $1,624.15 in 2032. As per our findings, the LTC price could reach a maximum possible level of $1,984.98 with the average forecast price of $1,683.21.
Litecoin Price Prediction 2033
The price of Litecoin is predicted to reach a minimum level of $2,284.82 in 2033. The Litecoin price can reach a maximum level of $2,912.23 with the average price of $2,352.15 throughout 2033.
Litecoin Price Prediction By Coincodex
Digital Coin Price suggests that there is a possibility for Litecoin to surpass the $252.77 mark and maintain its market position by the end of 2025. They project that the lowest price for Litecoin will range from $215.08 to $252.77, with the most probable price stabilizing around $247.47 by the end of the same year.
Despite the significant fluctuations in Litecoin’s value and the debates over its energy consumption, which is considered environmentally unfriendly, billionaire venture capitalist Tim Draper remains steadfast in his forecast. He predicts that Litecoin will achieve the $252.77 threshold by the conclusion of 2025 or early into the year.
Litecoin Price Prediction By Digital Coin Price
Digital Coin Price suggests that there is a possibility for Litecoin to surpass the $252.77 mark and maintain its market position by the end of 2025. They project that the lowest price for Litecoin will range from $215.08 to $252.77, with the most probable price stabilizing around $247.47 by the end of the same year.
Despite the significant fluctuations in Litecoin’s value and the debates over its energy consumption, which is considered environmentally unfriendly, billionaire venture capitalist Tim Draper remains steadfast in his forecast. He predicts that Litecoin will achieve the $252.77 threshold by the conclusion of 2025 or early into the year.
Litecoin Price Prediction By CryptoPredictions.com
Cryptopredictions.com forecasts that Litecoin will commence May 2024 at a price of $98.374 and conclude the month at $97.488. Throughout May, the highest projected price for LTC is $104.858, while the minimum is anticipated to be $71.303.
Litecoin Overview
Litecoin (LTC) originated as a fork of the Bitcoin blockchain in 2011, with the aim of addressing concerns about Bitcoin’s centralization and making it more challenging for large-scale mining operations to dominate the mining landscape. Although it was unable to fully prevent industrial-scale miners from capturing the majority of Litecoin mining, the cryptocurrency has evolved into a minable digital asset and a decentralized payment system. Initially, Litecoin employed a unique encryption algorithm to deter large mining firms, but these companies quickly adapted their specialized hardware to continue expanding their mining capabilities.
Like Bitcoin, Litecoin can be mined using ASIC (Application-Specific Integrated Circuit) miners.
In the blockchain, a block serves as a repository for transaction data. This block is authenticated by mining software and becomes accessible to any network participant, also known as a miner. Upon verification, a new block is added to the chain, and Litecoin rewards are distributed.
Litecoin Price History
Litecoin price 2013 – 2016
Litecoin was trading at a daily price of $4.34 against the USD on its launch date. The price change was a downward correction towards $1.50 and remained within that price level until the wake of the initial Bitcoin bull run.
More and more people began to join the cryptocurrency market. The price of Litecoin and other altcoins followed in the bull run and spiked upwards. In 2014, Litecoin managed to hit a market price of $44 per piece.
Their stay above $40 was short-lived, and the coin came crashing downwards by 50% to $20 within a month. Throughout 2014, the cash crushed further and began trading within the single dollar range.
The coin created a lower bottom at $1.28 and then corrected to $4. A price range that it traded until Q1 of 2017.
Litecoin Price 2017 and the bull cycle
There was newfound energy all around the cryptocurrency market at the beginning of 2017. Significant Price surges and BTC hit an all-time high of $20,000.
Litecoin, on the other hand, started at $4 and skyrocketed to $375 by the end of 2017. The key driving factors for crypto markets were injections by retail investors and congestion of newbies driven by FOMO during the bull market.
The price surge was spectacular. And most LTC price prediction analyses indicated all green.
In December of that year, Charlie Lee Twitter his decision to leave Litecoin. He said he would continue making network improvements and that his exit would not affect the market.
In the tweet, he explained he need not tie Litecoin to financial success. Hence, LTC was going to survive on its own.
Litecoin Price 2018 – 2022
The bull run began to fade through the start of 2018. It wasn’t a good year for Litecoin, BTC, or other altcoins. The cryptocurrency platform became saturated with hacks, then ICO scams, and Litecoin (LTC) price drop below $200 was inevitable. It hit $74 by the end of June.
In December, Litecoin declined further and hit $23. After which, it ushered 2019 with a gradual uptrend that lasted until mid-July when LTC was trading at $141.
The first half of 2019 saw a positive bullish performance for Litecoin. But heading into the third and fourth quarters, the altcoin slumped into a descending channel that formed lows between $35 – $42.
Finalizing 2019, Litecoin began an upward trend between October and November. This uptrend hit $59 by the 1st of 2020.
In the wake of the Covid-19 pandemic, the cryptocurrency market was trading sideways, and there were heavy plummets across all coins.
Litecoin traded below $70 for the better part of 2020 from March, until around December when it ended at a maximum price of $136.
So far, the number of Litecoin addresses has grown by a 6-8X rate since 2020.
This number of Litecoin addresses might keep growing in the future due to the cheap transaction fees of the network. Also, the numbers indicate the likelihood of a growing trading volume.
More on the Litecoin Network
LTC Milestones
Each halving theoretically reduces the rate of inflation and should push the price of the crypto upward. As of 2022, Bitcoin miners, or people who use their computers to participate in Bitcoin’s blockchain network as transaction processors and validators, were awarded 6.25 bitcoins (BTC) for each block they successfully mine. What has happened to Bitcoin since then?
Here’s the catch, on-chain data shows the Litecoin “mega whales” now hold around 15.4% of the total supply, the highest value in more than five years. The indicator of interest here is the “LTC Supply Distribution,” which tells us which wallet groups are carrying what percentage of the total supply right now. Let’s shine a light through the tunnel with this Litecoin price prediction guide. Well, not so much for Bitcoin where whales hold as much as 90%.
The world is going through a paradigm shift as cryptocurrencies stand at a decisive phase that will define their future. The same holds for Litecoin, which has been tumultuous as world politics are transforming the markets. Litecoin’s blockchain system came to the market as the facilitator of payments via the internet. Others like Bitcoin served the same purpose, but this one had some additional pros. It reduced the confirmation time, increased the transaction speed, and brought other additional features to make the transactions easier to handle.
Litecoin recovery looks short-lived when looked at from a broader perspective, where the general trend of the cryptocurrency is still aggressively bearish. What happens in the next few trading sessions depends on the general trend of the cryptocurrency industry. LTC is positively correlated with other cryptos, such as Bitcoin, which is currently pushing downwards, one of the largest altcoins in the market.
A safe prognosis would be: If the cryptocurrency industry continues to be aggressively bearish, there is a very high likelihood that the prices will also trade below the $40 support level. However, my analysis will be invalidated if prices move past the $55 price level, which is the price high of the past three trading sessions. At that point, the bullish trend will have been established.
How about MWEB?
Mimblewimble’s integration into Litecoin came from the Mimblewimble Extension Block, also known as MWEB, which allows the network’s users to opt-in to confidential transactions. MWEB lead developer David Burkett, who the Litecoin Foundation has sponsored, said the upgrade improves Litecoin’s viability as a fungible currency that can be used for everyday transactions, pay employee salaries and even purchase real estate.
How will MWEB affect Litecoin’s price? Let’s observe as this scenario develops.
Is Litecoin silver to Bitcoin’s gold? There are many sides to this controversy, so let’s look at the tapestry of Litecoin developments and its potential for inclusion in your crypto portfolio.
Dubbed “the cryptocurrency for payments,” Litecoin is a virtual currency that seeks to facilitate online payments. Forked from the bitcoin blockchain in 2011, Litecoin was born to enable instant payments, something that Bitcoin could not do due to its slow transaction confirmation times.
Litecoin has been through considerable fluctuations that impacted its market. 2018 to 2022 shows that it went through several challenging phases. This time, as the issue of the Ukraine-Russia conflict, is at its peak, the future of crypto seems to be a question. If there are no restrictions on the crypto market and its transactions, crypto will grow faster than expected. In contrast, if the opposite happens, it will affect the market because the main motive of this market is decentralization.
Litecoin’s bearish reversal pattern emerged when inflation in the United States surged to a three-decade high, prompting investors to seek a hedge across various financial instruments.
For instance, the most actively traded gold futures lately posted their best week in six months, jumping 2.9% to $1,868.50 per troy ounce, after the U.S. Labor Department reported an increase in the consumer price index (CPI) by 6.2% year-over-year. That marked the fifth-straight month of inflation above 5%.
Litecoin has been one of the beneficiaries of the Bitcoin rally in the past months, with its one-year correlation efficiency with Bitcoin standing at 0.71 above zero.
Dubbed a bull pennant, the bullish continuation pattern appears when the price consolidates sideways inside a triangular structure after a strong rally upward. Traders confirm a bullish breakout when the price breaks above the triangle’s upper trendline with strong volumes.
Litecoin Founder
Charlie Lee developed Litecoin in 2011 as a lightweight alternative for Bitcoin. His vision was to create an altcoin with lightning transaction speeds and one favorable for miners.
Lee, an ex-Google engineer, announced the coin’s launch via the Bitcoin Forum.
He and other developers claimed their main intention was to build the Silver variant for Bitcoin. Both BTC and LTC coins share the underlying concept of Proof of Work.
Note: The proof of work ecosystem means that a digital coin is mined for creation, authentication, and verification. Upon which the coin is added to a blockchain or a decentralized public ledger.
Both Litecoin and Bitcoin share a few similarities. These include how the coin is created, stored, and mined. All the processes are similar but differ on the grounds of efficiency. Litecoin was created from a soft fork; rather than a hard fork. So what’s the difference between a hard fork and a soft fork?
A hard fork is a complete transformation of a blockchain’s protocols and rules, making old rules invalid and unworthy. A soft fork upgrades with new protocols that make software robust and backward compatible.
Benefits of Litecoin
Solve scalability – Charlie Lee and his team of developers thought BTC would face long-term performance problems if its blockchain technology would grow in traffic. And as a result, it introduces a plague of scalability issues, bottlenecks, and increased network fees. Litecoin is focused on delivering a highly sophisticated and scalable blockchain.
Boost performance speed – Litecoin is designed to be lightweight and fast. Its development challenged Bitcoin’s block size and the 10-minute block confirmation time. The developers wanted to change how scalability affects performance and solve such problems.
Relatively low transaction fees – we’ve seen the scalability issues affect both Bitcoin and Ethereum. Lately, both blockchains have been bleeding users due to high transaction fees. The high fees result from network congestion caused by increasing traffic. One of Litecoin’s core visions was to introduce lightning-fast transactions that were also cheap. The cost of transactions on the Litecoin network depends on block size as well as the size of the transaction.
Confidential transaction to boost network privacy – Litecoin’s developers are betting on building core privacy features to strengthen anonymity. The developers are planning to implement MimbleWimble to create single-chain transactions that are entirely obfuscated by third parties.
Cross-industry integration – Litecoin aims to increase its network and native coin adoption through the open software concept. Various merchants have already implemented the blockchain. Various merchants have already implemented the blockchain, accepting the currency for payment, gambling, or art.
Litecoin Use Cases
PayPal and other large institutions might adopt Litecoin as the payment processing/transactions infrastructure.
In the long run, the dollar is going to the trash. Stores won’t accept cash. Soon banks won’t either. Your bank balance will be based on crypto in the back end while it will say it’s in USD. There is a lot of noise here.
Litecoin moves into these main supports established and initially bounced a little within as we go to press. Now, these levels are critical to holding and, if they have, will determine the further destiny of Litecoin.
In this case, when Litecoin manages to hold the supports and stabilize above to build up with bullishness, further stabilizations with the proper continuations can be expected above the descending resistance line marked in my chart in black.
Litecoin will close in the bullish stabilization zone and continue with further bullishness when it approaches this line.
Grayscale currently holds over 1.44 million Litecoin ($248.33 million), making it the firm’s third-largest crypto holding after Bitcoin and Ethereum. The firm is one of few services in the US that allows accredited and institutional investors to purchase cryptocurrencies.
The latest development is Litecoin has been approved to be used as a means of payment in the OTR service stations. LTC is Now accepted at over 170 locations across Australia. The move comes as Litecoin looks to increase its merchant adoption.
This is a very positive development for Litecoin because it shows that businesses are starting to accept Litecoin as a form of payment. This is one of the critical things that need to happen for Litecoin to become more mainstream.
Where and how to buy Litecoin (LTC)
The first step is signing up on a cryptocurrency exchange. There are three types of cryptocurrency exchanges, significant exchanges, decentralized exchanges, and peer-to-peer exchanges.
So many trading exchanges exist in the crypto market. Examples of significant exchanges are Binance, Coinbase, and Kraken, among others. These exchanges allow you to purchase cryptocurrencies using either fiat or other cryptocurrencies.
Standard payment methods include PayPal, debit/credit cards, etc. Sign up at either of these and purchase your first Litecoin (s).
Decentralized exchanges allow users to purchase and trade digital tokens. We wouldn’t recommend a DEX when buying Litecoin.
Using local payment methods, you can trade digital coins with other traders within the Peer Peer cryptocurrency exchange platform. An excellent P2P exchange that supports Litecoin is LocalCrypto.com.
Like most P2P exchanges, the platform supports only a few types of coins. Local crypto supports Litecoin, Dash, BTC, and Ethereum. You can exchange coins with other platform users such as BCH, BTC, ETH, or XRP holders.
The goal of launching Litecoin was to improve Bitcoin in a few different ways. For one, Lee developed a new hashing algorithm for Litecoin called Scrypt (pronounced S-crypt). The simpler algorithm supported Litecoin’s faster transaction speeds. Litecoin’s transaction processing speed is 54 per second—and new blocks on the Litecoin blockchain can be created about every 2.5 minutes.
Conclusion
Litecoin had a bad start last year, but this has been the outlook for the entire cryptocurrency market. Litecoin operates in a highly competitive space with new blockchains emerging with near-zero cost payments. To make it in this space, there is a need for innovation and scaling of the Litecoin foundation.
Litecoin has been trading since 2011 and is an established top-10 coin. Meaning that it is a popular choice for investors. If a cryptocurrency has a high trading volume, you will have no problems finding buyers to sell to. If there are low trading volumes, it means you could find it difficult to find a buyer!
There is no reason why the current state of the cryptocurrency market, which has been aggravated by the de-pegging of TerraUSD and the failure of LUNA, cannot reverse the downward pull at some time in the future. Optimistic predictions made above and the fact that there is still some time until it reaches an all-time high imply that LTC has some room for development. However, there is also a chance of a crash or a period of stagnation. Keep in mind that cryptocurrency prices are extremely volatile and can rise and fall.
Litecoin might never regain its glory as one of the top altcoins on the market. However, that doesn’t mean that it doesn’t have a place in the crypto world. For those looking to invest in Litecoin for the long haul, it might be a good idea to HODL onto your LTC and see how the market develops over the next few years.
The long-term Litecoin price predictions are very bullish, and the cryptocurrency is expected to reach new all-time highs in 2024. However, short-term price movements are very volatile, and it is hard to predict where the price will go.
Before you invest in Litecoin, read up on cryptocurrency wallets and how to buy crypto. Speak with a financial planner about how much you could realistically invest in cryptocurrency based on your unique financial goals. However, if you like the project, why don’t you try other ways of earning, like staking? Learn more about investing from our GUIDES.
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