Litecoin Price Long-term Forecast

Litecoin was the third cryptocurrency by market capitalization for a long time. This crypto coin has been active for over nine years now and has managed to be successful for most of this period. 

However, recent market fluctuations and the DeFi market hype strongly damaged the price of Litecoin. We, at Changelly, respect one of the first cryptocurrencies no matter the rate. The coin’s price decreased almost five times throughout 2018. Still, it looks like the recent drops in the price made the currency a perfect asset to invest in and gain profit from in the following year. 

This article will explain the fundamentals of Litecoin cryptocurrency, whether it is going to grow or fall. We’ll find out the basics of the LTC coin and its future. Read our Litecoin price prediction for 2021-2030 and decide whether LTC is worth investing in or not.

LTC Overview: How Does It Work? 

Litecoin is one of the most notable cryptocurrencies on the market. Being one of the first forks of Bitcoin, the LTC network is based on the BTC’s protocol. Litecoin (LTC) is a decentralized peer-to-peer cryptocurrency, created by the former Google engineer Charles Lee in 2011. The LTC network was designed to solve its elder brother’s network problems, such as scalability and high commission fees for each financial transaction made in the blockchain.

Being a fork of Bitcoin, the Litecoin cryptocurrency has many characteristics identical to the first digital asset’s ecosystem: anonymity, decentralization, and open-source code on GitHub.

In 2016, Litecoin became the second major cryptocurrency, overtaking all existing altcoins at that time. Charles Lee’s aim was not just to preserve but strengthen Litecoin’s advantages as a peer-to-peer monetary unit.

Yet, the developers of Litecoin have never claimed to compete with the #1 cryptocurrency.

On the contrary, they believe that Bitcoin will serve as the fundamental digital coin. Litecoin will modestly take the place of its useful supplement.

Today, Litecoin is a popular choice for international transactions due to its blockchain’s low transaction fees and high transaction speed.

Below, you can find a video review of the Litecoin cryptocurrency and its native token, LTC.

Litecoin Technical Analysis

Now, let’s take a look at the traders’ and crypto enthusiasts’ opinions about the future Litecoin trading opportunities. The data is provided by the crypto analytical source TradingView.

LTC market projection analysis by TradingView; the screenshot was taken in November 2021.

If you are looking for a place to buy some LTC coins, the best choice is an instant crypto exchange Changelly. Here, you can easily get Litecoin or any other of 200+ digital assets available at Changelly. Moreover, our users can buy and sell digital coins with a credit or debit card in just a few clicks.

Differences Between BTC and LTC

The Litecoin network duplicates many advantages of Bitcoin, such as decentralization and anonymity: all network participants are equal, and transactions are carried out between users whose personal data is hidden.

However, Litecoin has some core characteristics that differentiate it from the first crypto asset. A new block of 25 Litecoins can be created in 2.5 minutes, while it takes around 10 minutes to create a Bitcoin block. The Litecoin network can process more transactions than Bitcoin: blocks are generated much more frequently. Therefore, more transactions pass through the network. 

Unlike Bitcoin, which uses SHA-256 to hash information in blocks, Litecoin uses another encryption algorithm — Scrypt. Its key difference from the former one is that it is not so demanding on the speed of the computing device as it is on RAM. The mining algorithm Scrypt is the basis for the following cryptocurrencies: Dogecoin (DOGE), Redcoin (RED), Viacoin (VIA), Syscoin (SYS).

Litecoin Price Predictions by Experts

The Litecoin cryptocurrency has high prospects for further value growth. The technical analysis of the Litecoin chart and the forecasts of many experts suggest a constant increase in the value of this cryptocurrency in the coming years. 

According to experts, in the next 3-5 years, the coin will show a significant increase in the exchange rate. Below you can find the best 2022-2025 LTC market forecasts made by the large and trusted crypto analytical sources.

The more optimistic forecast comes from PrimeXBT, which claims that Litecoin would potentially reach $10,000 in 2025.

The crypto experts from the Digital Coin Price source believe that by 2022, the LTC cryptocurrency exchange rate can gradually increase. By the middle of 2022, Litecoin’s price may touch a level of $300.

Experts of the CRPG portal declare the start of Litecoin’s growth in December 2021. According to their forecast, by 2025, the value of the cryptocurrency might be $1,200.

WalletInvestor’s algorithms predict the rapid growth of the Litecoin rate. The maximum price by the end of 2021 can reach the level of $240-$260. On average, the Litecoin rate may change from $210 to $380 throughout the year 2022.

Coin Price Forecast predicts the ultimate boost in Litecoin’s future price. According to the source, the price per coin may rise to $450-$500 by 2023.

​​Litecoin Long-term Price Forecast  

All the Litecoin (LTC) price predictions below are based on the data provided by trusted crypto analytical sources.

It is expected that the minimum Litecoin cost can be around $343.71 in 2022. The forecasted LTC’s high in 2024 may be around $1024.05, and the low may be $798.33.

Year Minimum Price Average Price Maximum Price
2022 $343.71 $377.05 $439.47
2023 $587.96 $607.62 $627.81
2024 $798.33 $878.77 $1024.05
2025 $1028.31 $1379.07 $1577.85
2030 $7357.20 $7561.35 $8703.75

Litecoin Price Pr

If you are looking for a place to buy some LTC coins, the best choice is an instant crypto exchange Changelly. Here, you can easily get Litecoin or any other of 200+ digital assets available at Changelly. Moreover, our users can buy and sell digital coins with a credit or debit card in just a few clicks.

Differences Between BTC and LTC

The Litecoin network duplicates many advantages of Bitcoin, such as decentralization and anonymity: all network participants are equal, and transactions are carried out between users whose personal data is hidden.

However, Litecoin has some core characteristics that differentiate it from the first crypto asset. A new block of 25 Litecoins can be created in 2.5 minutes, while it takes around 10 minutes to create a Bitcoin block. The Litecoin network can process more transactions than Bitcoin: blocks are generated much more frequently. Therefore, more transactions pass through the network. 

Unlike Bitcoin, which uses SHA-256 to hash information in blocks, Litecoin uses another encryption algorithm — Scrypt. Its key difference from the former one is that it is not so demanding on the speed of the computing device as it is on RAM. The mining algorithm Scrypt is the basis for the following cryptocurrencies: Dogecoin (DOGE), Redcoin (RED), Viacoin (VIA), Syscoin (SYS).

Litecoin Price Predictions by Experts

The Litecoin cryptocurrency has high prospects for further value growth. The technical analysis of the Litecoin chart and the forecasts of many experts suggest a constant increase in the value of this cryptocurrency in the coming years. 

According to experts, in the next 3-5 years, the coin will show a significant increase in the exchange rate. Below you can find the best 2022-2025 LTC market forecasts made by the large and trusted crypto analytical sources.

The more optimistic forecast comes from PrimeXBT, which claims that Litecoin would potentially reach $10,000 in 2025.

The crypto experts from the Digital Coin Price source believe that by 2022, the LTC cryptocurrency exchange rate can gradually increase. By the middle of 2022, Litecoin’s price may touch a level of $300.

Experts of the CRPG portal declare the start of Litecoin’s growth in December 2021. According to their forecast, by 2025, the value of the cryptocurrency might be $1,200.

WalletInvestor’s algorithms predict the rapid growth of the Litecoin rate. The maximum price by the end of 2021 can reach the level of $240-$260. On average, the Litecoin rate may change from $210 to $380 throughout the year 2022.

Coin Price Forecast predicts the ultimate boost in Litecoin’s future price. According to the source, the price per coin may rise to $450-$500 by 2023.

​​Litecoin Long-term Price Forecast  

All the Litecoin (LTC) price predictions below are based on the data provided by trusted crypto analytical sources.

It is expected that the minimum Litecoin cost can be around $343.71 in 2022. The forecasted LTC’s high in 2024 may be around $1024.05, and the low may be $798.33.

Year Minimum Price Average Price Maximum Price
2022 $343.71 $377.05 $439.47
2023 $587.96 $607.62 $627.81
2024 $798.33 $878.77 $1024.05
2025 $1028.31 $1379.07 $1577.85
2030 $7357.20 $7561.35 $8703.75

Litecoin Price Prediction by the End of 2021

Litecoin Forecast for December 2021

The Litecoin rate is expected to be around the $250 level at the end of December 2021. The average LTC trading rate for December can be around $246.96, while the maximum value is expected at $282.64 per coin, and the minimum may be around $224.

Litecoin Price Prediction 2022

Litecoin is projected to rise to $300 in early 2022. In the first half of 2022, the LTC rate may grow approximately to $350. The cost of one LTC coin may be around $377 by the end of the year.

Month Minimum Price Average Price Maximum Price
January 2022 $251.54 $261.47 $279.28
February 2022 $264.21 $283.39 $291.18
March 2022 $278.68 $291.06 $315.35
April 2022 $284.46 $294.84 $316.91
May 2022 $293.31 $303.69 $331.65
June 2022 $305.45 $315.83 $343.80
July 2022 $314.93 $325.31 $359.59
August 2022 $327.94 $338.32 $372.60
September 2022 $334.71 $345.09 $389.52
October 2022 $345.06 $355.44 $406.77
November 2022 $356.68 $369.66 $420.99
December 2022 $343.71 $377.05 $439.47

Litecoin Price Prediction 2023

Experts suggest that LTC’s highest exchange rate may reach $627.81 by the end of 2023.

Month Minimum Price Average Price Maximum Price
January 2023 $358.20 $395.90 $407.22
February 2023 $384.97 $403.82 $423.05
March 2023 $401.12 $419.97 $443.24
April 2023 $413.29 $428.37 $460.04
May 2023 $422.37 $441.23 $481.46
June 2023 $439.38 $454.46 $499.11
July 2023 $453.79 $472.64 $517.29
August 2023 $472.69 $491.55 $536.19
September 2023 $487.44 $506.29 $560.77
October 2023 $497.57 $516.42 $586.09
November 2023 $507.89 $526.75 $606.74
December 2023 $587.96 $607.62 $627.81

Litecoin Price Prediction 2024

Litecoin may become a good investment in 2024 as the price can go up to $1,025. However, like any crypto asset, Litecoin is highly volatile. Always think twice before making any investment decision. 

Month Minimum Price Average Price Maximum Price
January 2024 $525.90 $575.21 $591.64
February 2024 $570.82 $598.22 $620.40
March 2024 $582.79 $610.18 $644.33
April 2024 $601.09 $628.49 $674.84
May 2024 $619.14 $641.06 $706.26
June 2024 $639.31 $666.70 $731.91
July 2024 $664.79 $686.70 $758.57
August 2024 $678.52 $700.43 $792.91
September 2024 $699.53 $721.45 $827.93
October 2024 $713.96 $735.87 $864.00
November 2024 $737.92 $765.31 $893.44
December 2024 $798.33 $878.77 $1,024.05

Litecoin Price Prediction 2025

Cryptocurrency analysts predict it is possible that Litecoin might reach another all-time high in the next five years with no major losses. In 2025, Litecoin’s price might surpass $1,500. 

Month Minimum Price Average Price Maximum Price
January 2025 $756.13 $835.72 $859.60
February 2025 $812.64 $852.43 $901.38
March 2025 $846.73 $886.53 $944.00
April 2025 $890.15 $921.99 $979.46
May 2025 $908.59 $940.43 $1,016.34
June 2025 $928.85 $968.64 $1,053.96
July 2025 $975.55 $1,007.39 $1,092.71
August 2025 $1,015.85 $1,047.68 $1,133.00
September 2025 $1,047.28 $1,079.11 $1,185.39
October 2025 $1,082.48 $1,122.28 $1,239.34
November 2025 $1,116.15 $1,155.95 $1,295.46
December 2025 $1,028.31 $1,379.07 $1,577.85

Litecoin Price Prediction 2030

The Litecoin price prediction for 2030 indicates that the price of LTC might be above $5,000 at the beginning of the year. This forecast is rather optimistic. However, the situation can change drastically due to the volatility of the crypto market.

Month Minimum Price Average Price Maximum Price
January 2030 $4,899.61 $5,358.95 $5,512.06
February 2030 $5,264.53 $5,519.71 $5,780.01
March 2030 $5,430.12 $5,685.31 $6,055.99
April 2030 $5,708.57 $5,912.72 $6,340.26
May 2030 $5,826.82 $6,030.97 $6,635.89
June 2030 $6,068.06 $6,272.21 $6,937.44
July 2030 $6,205.19 $6,460.38 $7,251.05
August 2030 $6,514.64 $6,718.79 $7,509.47
September 2030 $6,716.21 $6,920.36 $7,845.41
October 2030 $6,941.98 $7,197.17 $8,122.22
November 2030 $7,085.93 $7,341.11 $8,410.11
December 2030 $7,357.20 $7,561.35 $8,703.75

FAQ

Will Litecoin Go Up?

Most analysts expect to see a more significant price increase for the Litecoin cryptocurrency next year.

What Will Litecoin Be Worth in 2022?

The crypto forecasts suggested that, on average, one LTC coin would be worth $377.05 in 2022.

What Will Be the Price for Litecoin in 2025?

According to the Litecoin price forecast, the LTC coin might trade around $1,379.07 in 2025.

Which Crypto Is Better, Litecoin or Ethereum?

Although Ethereum has more advantages in comparison with the Litecoin network, there is no need to give the ETH cryptocurrency unconditional preference. Both digital assets should be used for their unique purposes.


Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

The post Litecoin Price Long-term Forecast appeared first on Cryptocurrency News & Trading Tips – Crypto Blog by Changelly.

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