Here, we will provide you with the complete details on Litecoin price prediction so you can decide better for yourself whether to invest in it or not?
Litecoin is one of the oldest and largest cryptocurrencies by market capitalization, holding the 13th rank in the crypto market at the time of writing this article on July 28, 2021. It is a popular choice for cross-border transactions thanks to its low transaction fees and high transaction speed. Litecoin is a much quicker, cheaper, and more efficient version of Bitcoin, taking 2.5 minutes to process a block, implying it can process 56 transactions per second. But before jumping into the Litecoin price prediction for 2021 and beyond, let us examine its historical price performance over time. If you are looking to invest in Litecoin with Litecoin miner, then you will need to pay careful attention to its price performance to get an idea of what to expect in the future.
An Overview of Litecoin Price Performance history (2013-2021)
Litecoin was one of the first altcoins and launched at the price of $0.74 in March 2013. LTC’s price climbed to about $3.5 in April 2013 and maintained the price level before gradually dropping to about $2 by October 2013. So Litecoin’s price increased significantly between October and December as the cryptocurrency increased from $2 to $40. However, it could not maintain this price and gradually fell to $15 by March 2014 and further dropped to $3 by December.
LTC’s Price Performance from 2013-2014
Litecoin began 2015 with its price at $1.80, and it lingered under the $4 mark until April 2016, when Litecoin finally passed the $4 mark. By June 2016, the price had risen to $4.80 but fell back again. Litecoin stayed between $3.50 and $4.50 until March 2017. After this, Litecoin’s price saw some serious momentum in the market.
Litecoin’s price surged from $4.27 in March 2017 to $61.18 in September 2017. Then, the price slipped slightly to $56 in October but made a staggering rally rising to $68 in November and hitting $225 in December when Litecoin experienced its highest price ever. LTC fell sharply after December and traded at around $134 by April 2018. Litecoin had a downward trend for the rest of 2018. By the end of 2018, the price had fallen to $29. Litecoin resumed 2019 with an upward price trajectory, peaking at $126 in June 2019. However, the currency fluctuated again and again. Litecoin’s price stayed relatively stable until August 2020, when it rose to $59 but immediately fell back to $48 in September. It rallied again in October, and by January 2021, the price returned to $146.
Litecoin’s Price Performance in 2021
Now, let’s take a closer look at Litecoin’s price in the past few months. The cryptocurrency continued its bull run into 2021, with its price peaking at $146 in January. The price suffered a slight drop in February and traded at $141.72. Litecoin passed the $300 resistance point in April 2021 and hit the milestone on Sunday, May 9, when its price briefly ascended to $388.09. Later, LTC fell in a downward trend. Litecoin’s price suffered a $60 drop between June 15 and June 22, as LTC dropped from $180 to $120 under extreme selling pressure. Since then, Litecoin has failed to pass the $200 price level. However, Litecoin’s price recently jumped from $127 to $137 between July 21 and July 26 as the buyers retained their control on the market. Earlier than this, LTC has crashed from $134 to $107 between July 12 and July 20.
Currently, on July 28, 2021, Litecoin is trading at $135.14, up 4.44% from its previous close, with a live market cap of $9,016,983,479 and a 24-hour trading volume of $1,658,838,741. According to CoinMarketCap, it has a circulating supply of 66,752,415 LTC coins and a maximum supply of 84,000,000 LTC coins.
What do crypto analysts predict about Litecoin’s price?
Here, we have collected the most reliable and insightful predictions from crypto analysts and experts to help you answer the question: Is Litecoin a good investment for the future?
According to crypto analysts and top crypto experts, the price of Litecoin will see an increase in 2021. The increase in the cryptocurrency’s price can be due to Litecoin’s partnerships and integrations planned for 2021. Moreover, Litecoin has a large and active community of developers that keep the cryptocurrency’s news up to date. Most experts predict that the price of Litecoin could touch $300 by the end of 2021. A piece of good news for Litecoin investors!
Long Forecast is very optimistic about Litecoin Price Predictions. Not only does the platform believe that Litecoin will match its previous 2017 ATH of $375.29 again, but it even thinks that Litecoin could reach a staggering $965 by December 2021. Long Forecast’s analysis indicates that the price of Litecoin could gain over $100 (and in some months, over $200) every month. Even though this growth rate will be impressive, it is not unprecedented. Back in December 2017, the price of Litecoin jumped from $86.44 to $375.29 – within just three weeks — meaning an increase of almost $100 a week.
Source: Long Forecast
According to Previsioni Bitcoin, Litecoin’s price prediction will be $793 by 2021. It believes that Litecoin will hit a high of around $820 sometime in August 2021 but will fail to hold this price.
Source: Previsioni Bitcoin (Litecoin Price Prediction)
At the beginning of the year, Wallet Investor had a pessimistic view about the asset’s outlook in 2021. The platform itself stated at first that LTC would not be a good yearly investment. Its graph painted a gloomy picture. However, its attitude has changed significantly in light of Litecoin’s recent performance. Wallet Investor’s updated Litecoin price prediction graph indicates that the digital asset’s value will not drop below $300 during the year. While growth may be minimal over the next seven months, December 2021 will mark the start of a new bull run for LTC, and we may expect to see a maximum price of $493.026 before the end of the year.
Wallet Investor’s renewed prediction is in sharp contrast with the graph that Wallet Investor published at the beginning of the year, i.e., in January 2021. The fact that Litecoin broke through the $300 resistance point in its recent Litecoin Price Prediction holds significance, suggesting that its short and long-term prospects are much more promising. We can only hope that we will not see a repeat of the crash that happened after Litecoin hit its last ATH in 2018 — but on the whole, this is encouraging that Wallet Investor has become more optimistic and no longer expects this to happen again.
In 2021, WalletInvestor expects LTC to be worth:
DigitalCoinPrice once claimed that the altcoin would surge by 26% in January alone and break $220 by early summer. Its analysis sees Litecoin closing the year at around $217 in December 2021.
TradingBeasts holds a conservative position based on technical analysis and expects LTC to rise steadily from $143 to around $165 by the end of 2021.
|Other Forecasts||Litecoin Price Predictions for 2021|
|Cryptocurrency Price Prediction||$722|
Dan Gambardella was one of the few people who accurately predicted Litecoin’s brilliant rise to almost $250 back in 2017. Furthermore, he made this prediction when the token was still trading below $5. Regarding the future, Gambardella is also very optimistic for Litecoin’s price in 2021 and believes that Litecoin’s price has the potential to reach $1,000 by 2021.
Now, whether you prefer to hold long-term positions or are wondering whether LTC is a good investment for the long term or not, we will try to focus on the most recent long-term predictions for 2022-2025.
Litecoin Price Prediction for 2022
Crypto experts predict that Litecoin’s value can reach $450 and even $600 by 2022, partly due to its increasing adoption and popularity. Cryptocurrency Price Prediction offers these figures for Litecoin’s Price Prediction in 2022:
Trading Beasts has taken a conservative stance regarding the price of Litecoin in the long run. The platform predicts that Litecoin’s price will be around $176 by 2022. Although Trading Beasts’ Litecoin price predictions aren’t staggeringly optimistic, they are still higher than Litecoin’s current price. This shows that the asset isn’t likely to lose value over the next years, suggesting its bull run won’t be coming to an end any time soon.
Previsioni Bitcoin believes that Litecoin will more than double in value between January and May 2022, surging from $570.8638 to $1193.1998. The platform expects Litecoin’s yearly high to be $1819.5958, which probably will happen in August 2022.
Litecoin Price Prediction for 2023
Many analysts are pointing to Litecoin’s next halving, expected in 2023, as the next big price driver. Thus, most experts agree that Litecoin’s price could go up to $800 by the end of 2023.
You can see more additional predictions for Litecoin’s price in 2023 in the table below:
|Prime XBT||$200 to $1,000|
Litecoin Price Prediction for 2024
According to the Litecoin price forecast for 2024, the digital currency even may reach the $1000 mark after Litecoin’s halving.
According to Trading Beasts, Litecoin’s price is forecasted to reach above $289 by the end of 2024. The expected maximum price is $361; the minimum price is $246. The other Litecoin price predictions for 2024 are given in the table below:
|Crypto Coin Society||$638.25|
Litecoin Price Prediction for 2025
According to most Litecoin price predictions, the price of Litecoin will increase considerably in 2025. The halving will lead to more interest in Litecoin, and the currency will attract more investment and trading, thus increasing the price of the cryptocurrency. Analysts predict that Litecoin’s price will be around $1200 in 2025.
Cryptocurrency Price Prediction offers these values for Litecoin’s Price Prediction in 2025:
Prime XBT claimed that Litecoin could potentially reach $10,000 in 2025. The platform’s Litecoin price prediction is extremely bold, and it will be interesting to wait and see how these predictions may turn out.
Additionally, a cryptocurrency research firm known by the name of Crypto Research Report Group predicts that Litecoin’s price will reach $3,500 by 2025.
DigitalCoinPrice has predicted that Litecoin’s price could cross $400 in 2025.
Additional predictions for Litecoin’s price in 2025 are included in the following table:
|Crypto News||$500 to $800|
|Crypto News Studio||$1,200|
|Crypto Coin Society||$531.875|
Litecoin Price Prediction: Conclusion
More generally, cryptocurrencies are experiencing a bull run right now, with their price predicted to increase even further in the short and long term. Based upon top Experts’ Litecoin price predictions, there is a lot of optimistic sentiment around the altcoin. Most experts predict that the price of Litecoin could touch $300 by the end of 2021. Moreover, the long-term prospects of Litecoin price predictions appear to be also positive, suggesting that LTC will continue to gain value.
Investing in Litecoin may bring investors significant gains if the price keeps rising. However, cryptocurrencies are volatile, and it is really hard and elusive to accurately predict the price of any currency. Therefore, you had better proceed cautiously, only investing in Litecoin as part of a diversified portfolio. Moreover, before investing in the crypto market through cloud mining and cloud miner centers, study the market closely to determine the right entry price and exit price for yourself and follow other effective indications like up-to-date crypto news to make the right investment decisions. And last but not least, remember this golden rule: “Never invest more than you can lose;” so, in this regard, experts recommend that you should not invest more than 1% of your funds.