With a market cap on the verge of hitting the $5 billion mark, Litecoin (LTC) ranks at #19 in the crypto market based on market capitalization. As Litecoin maintains a relevant in the market, let’s take a quick peek at the Litecoin price movement and future projections.
- Litecoin (LTC) is trading at a current price of $62.89 (LTC/USD), with an intraday rise of 1.04% and a -4.98% price drop last week.
- Our recent LTC price forecast indicates that its value will decrease by -1.11% and reach $62.16 by Sept 19, 2024.
- Our technical analysis indicators signal bearish market sentiment on Litecoin.
- Litecoin has had 18/30 (60%) green days and 2.87% price volatility.
Litecoin Price Overview
| Cryptocurrency | Litecoin |
| Token | LTC |
| Price | $62.89 |
| Price Change (24h) | 1.04% |
| Price Change (7d) | -4.98% |
| Market Cap | $4,720,585,470 |
| Trading Volume (24h) | $224,273,302 |
| Circulating Supply | 74,968,225 LTC |
| All-Time High | $412.96 (May 10, 2021) |
| All-time Low | $1.11 (Jan 15, 2015) |
| Volatility | 2.87% (Medium) |
| Fear-Greed Index | 32 (Fear) |
| Sentiment | Bearish |
| Green Days | 18/30 (60%) |
Yearly Litecoin Price Predictions: 2024 – 2030
Let’s explore Litecoin price predictions for upcoming years, analyzing historical price movements, technical analysis, and considering Bitcoin halving cycles.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2024 | $57.06 | $151.03 |
| 2025 | $57.53 | $418.53 |
| 2026 | $57.84 | $296.72 |
| 2027 | $65.09 | $127.58 |
| 2028 | $71.59 | $121.15 |
| 2029 | $68.95 | $601.78 |
| 2030 | $69.42 | $422.00 |
Litecoin Price Predictions 2024
Litecoin price prediction 2024 expects the broader market recovery to propel the price of Litecoin to witness a recovery run with minor pullbacks. The minimum price of LTC is expected to be $57.06, while the maximum LTC price is $151.03. Thus, the expected average trading price in 2024 is forecasted at $104.05. This Litecoin price forecast reveals the underlying shift in sentiments likely to fuel Litecoin’s price and market cap.
Litecoin Price Prediction 2025
The LTC price prediction 2025 anticipates a bullish continuation with Litecoin prices ranging from minimum and maximum prices of $57.53 to $418.53. Further, the average price of Litecoin during the bull run will be $238.03.
Key factors behind the bull run are anticipated to be increased adoption and potential critical upgrades to the Litecoin network. These will improve the chances of Litecoin becoming a good investment and bring the Litecoin price prediction to reality.
Litecoin Price Forecast 2026
The Litecoin price prediction 2026 expects the bullish trend to continue, with minimum prices around $57.84 and maximum prices reaching $296.72. Further, the average price for Litecoin is around $177.28, supported by bullish momentum and positive market sentiments.
LTC Price Prediction 2027
In 2027, the year of the fourth Litecoin halving event, the LTC price forecast suggests a range from a minimum price of $65.09 to a maximum price of $127.58, with an average price of $96.34. This period could see Litecoin benefiting from increased adoption and a stable cryptocurrency market.
Litecoin Prediction 2028
The Litecoin price prediction for 2028 maintains a bullish outlook for the LTC price in the year of the fifth Bitcoin Halving. Based on the price prediction, the LTC price can register a maximum price of $121.15 with a projected minimum price of $71.59. Thus, an average price of $96.37 is predicted.
LTC Price Prediction 2029
By 2029, Litecoin price prediction eyes a bullish range in LTC price from $68.95 to $601.78, with an average price of $335.37. As the broader market grows, the bullish trend in Litecoin price and market cap is expected to soar, driven by positive market conditions.
Litecoin Price Prediction 2030
Litecoin price prediction for 2030 indicates a positive end to the decade as Litecoin sustains the bullish momentum. With a potential low of $69.42 and a maximum price of $422, the expected average LTC price is $245.71. Hence, by the end of 2030, Litecoin will maintain its position as a top coin in the cryptocurrency market.
LTC Forecast 2040
Looking ahead to the next decade, in 2040, the long-term Litecoin price prediction projects a bullish roadmap for LTC price. The price of LTC could scale to new highs, and by the end of the next decade, Litecoin’s price will be around $474.53. The key factors behind the growth of Litecoin by 2040 will be its projected network growth and increased adoption as a cheaper alternative to Bitcoin.
Litecoin (LTC) Price Prediction 2050
By the half-life of the 21st century, 2050, the price of Litecoin will hit new highs, even by a conservative standard. The Litecoin price can be expected to reach the $387 mark. In relation to the broader market’s long-term outlook, the Litecoin price prediction remains optimistic, with Litecoin value expected to soar in the years ahead.
Litecoin Forecast for the Next 30 Days
The Litecoin price forecast for the next 30 days, shown below, is based on the trends from the past 30 days. This includes looking at both positive and negative changes.
| Date | Price | Change |
|---|---|---|
| Sep 14, 2024 | $62.86 | 0.00% |
| Sep 15, 2024 | $61.97 | -1.42% |
| Sep 16, 2024 | $62.92 | 0.09% |
| Sep 17, 2024 | $61.76 | -1.74% |
| Sep 18, 2024 | $62.20 | -1.04% |
| Sep 19, 2024 | $62.16 | -1.11% |
| Sep 20, 2024 | $62.14 | -1.14% |
| Sep 21, 2024 | $61.19 | -2.66% |
| Sep 22, 2024 | $58.61 | -6.77% |
| Sep 23, 2024 | $57.13 | -9.13% |
| Sep 24, 2024 | $57.56 | -8.45% |
| Sep 25, 2024 | $57.45 | -8.62% |
| Sep 26, 2024 | $58.74 | -6.56% |
| Sep 27, 2024 | $59.35 | -5.58% |
| Sep 28, 2024 | $59.25 | -5.75% |
| Sep 29, 2024 | $59.88 | -4.75% |
| Sep 30, 2024 | $58.89 | -6.33% |
| Oct 1, 2024 | $59.41 | -5.50% |
| Oct 2, 2024 | $60.30 | -4.08% |
| Oct 3, 2024 | $58.62 | -6.75% |
| Oct 4, 2024 | $58.91 | -6.30% |
| Oct 5, 2024 | $59.51 | -5.33% |
| Oct 6, 2024 | $59.76 | -4.94% |
| Oct 7, 2024 | $59.85 | -4.79% |
| Oct 8, 2024 | $59.51 | -5.34% |
| Oct 9, 2024 | $60.12 | -4.37% |
| Oct 10, 2024 | $60.96 | -3.03% |
| Oct 11, 2024 | $62.95 | 0.15% |
| Oct 12, 2024 | $63.70 | 1.34% |
| Oct 13, 2024 | $64.24 | 2.20% |
Technical Analysis of Litecoin
Litecoin price forecast using the recent technical analysis shows a bearish reversal possibility. The weekly LTC price trend shows a decline in demand with higher price rejections as the higher low trend continues. Further, the bearish dominance at the $60 resistance level suggests a potential continuation of the downtrend.
The current Litecoin price today is at $62.89, with a 1.04% rise in the last 24 hours. The current market cap is $4,720,585,470, with a circulating supply of 74,968,225 LTC. The current price is 84.77% less than the all-time high of $412.96 (May 10, 2021).
Further, the recent price movements reveal a bearish surge, potentially leading to the underlying support levels. However, despite the fundamental factors, Litecoin shows technical indicators reflecting a potential bullish reversal.
In January 2024, Litecoin began the year trading between $72 and $74. By January 3, it had briefly risen to $73.60 before sharply dropping to a low of $57.62 on the same day. The price recovered somewhat over the next few days, stabilizing around $64 to $66 by January 6.
Since then, Litecoin’s price has seen significant fluctuations. Technical analysis suggests that since June 29, 2024, Litecoin has been in a solid downward trend, with most moving average indicators signaling a bearish market sentiment.
Is Now a Good Time to Buy Litecoin?
The broader market is ready to skyrocket with Bitcoin back in action, potentially aiming for $100,000 this year. Amid the 2024 bull run, Litecoin, a close cousin of Bitcoin, will potentially siphon additional momentum to give better returns in the short term. Further, being a cheap alternative with a fast blockchain makes Litecoin lucrative and improves the Litecoin price forecast, making it a great investment opportunity.
In short, with a potential bull market ahead, current times offer an opportunity to buy Litecoin at low prices. Hence, it is a good time to buy Litecoin.
Price History of LTC
Analyzing the historical price movements of any digital assets can help in price predictions, as the history is bound to repeat. Based on this thought, the historical performance in the monthly chart of Litecoin price forecasts a bullish trend ahead.
Tracing the key milestones in the price history of Litecoin:
- The founding team struggled in the initial stages and experienced high liquidity in the coin’s price, but Charlie Lee managed to build a strong community.
- Following the early listing gains in early 2014, the Litecoin price chart shows a massive correction from the $65 price high, resulting in the 2014-2016 bear market.
- On January 15th, 2015, the Litecoin price dipped to an all-time low of $1.11.
- Historical data indicates that the price of Litecoin got a heavy appreciation during the bullish trend of the cryptocurrency market in 2017.
- LTC traded around $3 to $4 in January 2017 with a low market capitalization but rose to $358 in December 2017.
- Unfortunately, LTC experienced a price drop and lost significant value during the bubble of 2018.
- It made a middle-term high at $145 in June 2019 but failed to maintain the momentum.
- LTC started an upward journey in November 2020 and made higher highs on the weekly chart.
- After six years, Litecoin made an all-time high on May 10th, 2021, at $412.96.
- Litecoin has been trading under $120 since January 2022.
Similar to the aftermath of the 2018-19 correction, the Litecoin forecast reveals a potential bounce back with multiple lower price rejection candles. Hence, the market participants can predict a bullish Litecoin forecast for the coming months.
Litecoin (LTC) Predictions by Experts
In the broader crypto market, the sentiments around Litecoin are divided with some analysts predicting Litecoin trading at $1000 in 2025. However, a section of crypto experts fails to see any growth in Litecoin in the coming decade. So, where is the LTC price headed?
Charlie Lee’s Prediction
In early 2023, Charlie Lee shared a bullish outlook for the Litecoin prediction in the next bull market. The creator of Litecoin suggests that LTC price could reach up to 10% of Bitcoin’s value. Furthermore, He expects the LTC/BTC trading pair to reach a high of 0.025. In such a case, if Bitcoin reaches its anticipated peak of $100,000, the LTC price will trade at an impressive price of $2,500.
SimpleSwap
Predicting on YouTube, the SimpleSwap exchange expects the price of Litecoin to move between $151 and $200 in 2025 and between $270 and $300 in 2030.
With the price of LTC near $65, the Litecoin prediction shows a high chance of coming true.
Wallet Investor
Based on the price predictions by Wallet Investor, the Litecoin forecast predicts a range between $145 and $17 in 2024. The future price movements in 2025 will be between $150 and $22.
MASTER
Writing on X (previously Twitter) in February, the popular analyst account @MASTERBTCLTC gives a bullish Litecoin Prediction. Based on his analytical prediction, the price of a single Litecoin is to hit $5,000 by June of 2024.
Litecoin (LTC) Crypto: What is it?
Known as the “Silver to Bitcoin’s gold,” Litecoin was created by Charlie Lee more than a decade back in 2011. Similar to Bitcoin’s tech, Litecoin uses a native token, LTC, based on its blockchain. With a faster block time of 2.5 minutes and lower transaction fees compared to Bitcoin, Litecoin is popular with its efficiency and scalability. Further, with the use of the Scrypt PoW algorithm, Litecoin mining is more accessible compared to the SHA-256 algorithm of Bitcoin.
As a cheaper and faster alternative to Bitcoin, Litecoin can be used for various projects ranging from daily payments to long-term payouts.
Factors Influencing the Litecoin Price
The historical data from Litecoin’s price trend reveals multiple factors that can influence the price movement. The traders and investors find these factors bringing high volatility and a trading opportunity to ride huge waves in Litecoin. Here are the factors:
The Litecoin Halving
Litecoin Halving events have a history of bringing major pump-and-dump moves over the last decade. Prior to the halving, the increased interest in Litecoin resulted in a price surge. Hence, a piece of potential investment advice can be made to buy LTC tokens months before the halving.
However, post-halving events, the LTC price crashes sharply as the rewards for miners decrease. Hence, doing one’s own research before buying LTC is advised.
Global and Broader Crypto Market
The broader market movement is generally affected by the crypto market leader, Bitcoin. As a close cousin, any sharp movement in the BTC price can affect the Litecoin prices. Further, recent events like the rate hike by Bank of Japan are known to bring massive dumps in Litecoin.
However, the upcoming rate cuts in the US and the presidential elections can be positive catalysts.
Litecoin Network Upgrades
During the years, the Litecoin network has experienced multiple upgrades before the upgrades shifting to the Bitcoin mainnet. Hence, the general market belief of Litecoin being a testnet of Bitcoin is strong. For example, the SegWit and Taproot upgrades hit Litecoin first before Bitcoin.
The most notable upgrade related to the network’s privacy and scalability is Mimblewimble, implemented in May 2022. Named after a Harry Potter spell, Mimblewimble provides a feature of confidential transactions. With the Mimblewimble upgrade, the value transferred and the addresses are hidden from everyone except the users involved.
Conclusion: Is Litecoin a good investment?
As we conclude our Litecoin (LTC) price prediction, the long-term outlook makes Litecoin a solid investment in the cryptocurrency market. Based on its price action history over the last decade, the LTC price trend shows underlying potential to bounce back. Fueled by global adoption in MENA, Asian, and European regions outside of the U.S., the Litecoin price is expected to soar this decade.
Hence, with ongoing R&D and growing adoption, Litecoin (LTC) price prediction suggests a bright future for LTC price. In short, the long-term Litecoin price prediction maintains a bullish viewpoint and forecasts Litecoin as a potentially good investment.
FAQs
Will LTC Prices Go Up?
The coin’s past performance was good, and the price is expected to see some upward movement in the long term. Based on the current bearish technical indicators, the price is likely to remain flat or decline further in the near future. You may invest in Litecoin, as the price will go up, but not at an accelerating pace.
How much will Litecoin be worth in 2025?
Based on Litecoin price prediction, the LTC price in 2025 is expected to range between $57.53 and $418.53. The forecasted Litecoin average price is $238.03.
What will Litecoin be worth in 5 years?
The Litecoin prediction prediction for 2029 predicts the LTC price could be worth around $600.
What will the Litecoin price target be in 2030?
By 2030, Litecoin could target prices between $69.42 and $422, depending on market trends. The average price is expected to be $245.71.
Is Litecoin going to skyrocket?
In the coming years, the Litecoin price prediction forecasts a bullish decade ahead. So, yes, the chances of the Litecoin price skyrocketing are high.
Will Litecoin reach $200?
Based on long-term Litecoin forecasts, the market value of Litecoin could reach $200 if the bullish support continues and market conditions remain favorable.
Can LTC reach $1,000?
While ambitious, the Litecoin price prediction by many experts suggests a possible $1,000 LTC price by 2050.
Does LTC have a future?
The Litecoin foundation has a promising future that is supported by ongoing development and a strong community.
Where to buy Litecoin?
Litecoin tokens can be purchased on major exchanges like Binance, Coinbase, Kraken, etc. For safekeeping, these tokens can be transferred to external hot or cold wallets after purchase.