Some investors are proud of Litecoin, while others are disappointed with it. LTC's biggest failure was in 2018. Since then, it has performed better. Still, for the most part, people don't considerLitecoin to be the top crypto to invest in. This is why LTC lost ground, according to CoinMarketCap.

However, Litecoin may still be called a coin with the most potential. Analysts say that, in the long term, LTC may see its price increase and reassume its previous rank. If you're looking for a good return in 5 or more years, pay attention to this cryptocurrency.

Before we delve into Litecoin's future predictions and answer questions such as how many Litecoins are there, how many Litecoins are left to mine, or why LTC may be successful or fail once again, let's quickly review its history, main features, and future crypto forecast.

What is Litecoin (LTC)?

For ordinary users, Litecoin is one of the most recognised cryptocurrencies in the whole market and the top crypto to trade. It is also known as the 'silver crypto', while Bitcoin is gold. Newbies to the cryptocurrency market may not know that LTC is a fork of Bitcoin and is one of the oldest digital currencies. For many years, LTC was one of Bitcoin's main competitors.

A brief overview of Litecoin as of 06/03/2024:

Important information about Litecoin

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Litecoin comes from the words' light' and 'coin' because this cryptocurrency was founded as a simplified version of Bitcoin. They work the same way, but LTC is technologically better:

1. It reduced the block time by 4 times, which allowed transactions to be processed faster.
2. It uses a Scrypt mining algorithm that requires less power to create a block.

Litecoin has a big user base and significant demand on exchanges. Moreover, it's one of the most popular cryptocurrencies on the darknet.

LTC is promoted by the not-for-profit organisation Litecoin Foundation. Today, there are only two full-time developers at this foundation. The other supporters are advisors, investors and ambassadors or play other roles.

Litecoin (LTC) price analysis

Before discussing Litecoin crypto predictions for 2024 and beyond, let's consider the current coin trends.

The future of Litecoin's price depends on many factors, from fundamental to technical analysis. In general, like silver compared to gold, Litecoin is cheaper than Bitcoin. The price ratio is 1:155, which is much bigger than silver's ratio to gold (1:50). Why is that?

Litecoin is more available for buyers. LTC's total supply is 4 times greater than BTC's. Another reason for the price disparity is that Bitcoin, like gold, has better recognition around the world. Increasingly, more people prefer BTC as an alternative to fiat money. What's more, BTC is a superior store of value, while LTC is better for quick purchases.

LTC's price history

Litecoin was founded in 2011, so today, its history is very long and saturated. During its first three years of existence, LTC was very popular for several reasons:

• The ability to mine with low-power processors.
• Its low exchange rate allowed people to buy the necessary number of coins in anticipation of a future price increase.
• The Scrypt algorithm simplified the mining process and increased the cryptocurrency's reliability.
• Higher transaction speed.
• Higher coin amount.
• Mining difficulty is recalculated more often.
• The increased block size reduced the possibility of transaction freezes.

These benefits attracted the attention of the cryptocurrency community. Most of them changed their priorities from BTC to LTC and began to buy the 'silver crypto'. As a result, LTC's price grew every month. From the moment of its creation in 2011 through the end of November 2013, LTC's price changed from $2 to $52.

A correction then occurred, and its price changed from $50 to $24 (on 31 December 2013). Nevertheless, the cryptocurrency community began to consider this asset for serious investments.

The reasons for such sharp changes are ambiguous. It's not as easy to interpret the real factors for a coin's rise and fall in the crypto world. This might be due to decentralisation, the complete absence of any regulatory authority or more recognised growth-filled speculation.

At the very beginning of 2014, the situation rapidly changed. In January, LTC was valued above $20, but from February on, a downward trend became apparent. By the summer, its price was above $10, but on 15 June 2014, it passed the psychological mark of $10, and by the end of the year, the price again dropped to $2.

The all-time Litecoin price chart from June 2014 to the end of 2017 was low but stable. There were several insignificant jumps slightly above $6, but there wasn't any large-scale growth.

In the summer of 2015, many members of the cryptocurrency community discussed a possible increase in LTC's price due to a halving of its mining block reward. It was supposed to take place in August. Accordingly, a price pump was carried out on 10 July 2015, and LTC rose to $8 before rapidly dropping down to $3 and then to $2.

For the first three months of 2017, LTC's price remained stable. The 'silver' cryptocurrency was trading for $3-$4 and didn't give investors any hope. However, in the spring of 2017, the situation changed. Litecoin exceeded $10 for the first time on 6 April. By the end of April, it was trading at $15.

This increase happened for several reasons:

• A new version of Litecoin Core was released.
• The SegWit code was implemented in the new version.
• The open-source blockchain explorer 'insight.litecore.io' was released, which can be used to develop online repositories and other apps.

Litecoin's price continued to grow until the end of 2017. Its growth was not rapid but stable, going from $4.30 to $83 in 11 months. That growth trend favourably influenced the popularisation of cryptocurrency and attracted the attention of investors again.

Then, the crypto market boom came about. No member of the cryptocurrency market will forget the end of 2017 and the beginning of 2018. That's when all crypto projects saw their prices grow several-fold. Some projects rose up to 1500%. Litecoin also had the greatest time.

On 2 December 2017, the chart for the entire duration of Litecoin's existence reached the $100 mark for the first time, and on 12 December, the value exceeded $200. The price continued to grow rapidly before surpassing $320 on the evening of 12 December.

LTC's maximum price came on 19 December, when it hit $372 per coin. Its market capitalisation at that time was over $20 billion, thanks to the overall positive upward trend across the cryptocurrency market.

At the same time, Charles Lee made a statement that he would sell all his LTC coins for system transparency. Many members were worried that this could cause a depreciation, but there wasn't any correction.

Then, the 'dark times' began for all crypto lovers. Many people began to speculate on prices, leaving the market very unstable. Every coin lost its position. Litecoin fell to $200, then to $120. The summer of 2019 was a good period for this crypto coin because it had risen to $135 per coin. However, its price fell again and traded within the range of $40 to $60 for the majority of 2020. Hope arose again for enthusiasts in early 2021; the pump in crypto price saw Litecoin regain its all-time high at over $400 to a Litecoin. The exponential growth wasn't sustainable, of course, and the price has declined ever since. 

As of 28 June 2023, the price of Litecoin stood at $88.75, positioning LTC as the 11th-ranked cryptocurrency in the entire digital asset landscape. In the past year, LTC reached its peak price of $113.23 on 4 July 2023 while hitting its lowest point of $58.84 on 12 September 2023.

LTC/USDT price chart

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LTC technical analysis

In the first few months of 2021, a storm of exponential growth ravaged the crypto market, coin prices skyrocketed following BTC's upsurge, and new highs for a lot of cryptocurrencies were formed.

Based on the data from 6 March 2024, the overall Litecoin price prediction sentiment is neutral. According to technical indicators, Litecoin's 200-day SMA will increase in the coming month and reach $77.52 by 4 April 2024. Additionally, it is estimated that Litecoin's short-term 50-day SMA will reach $74.58 by 4 April 2024. The Relative Strength Index (RSI) value currently stands at 73.40, signalling an overbought position in the LTC market. The RSI indicator suggests a potential increase in the price of LTC.

Litecoin price prediction 2018

After the cryptocurrency boom at the end of 2017, the crypto community thought that Litecoin would move up and get closer to CoinMarketCap's top 3 cryptocurrencies: BTC, ETH, and XRP. However, no analyst could accurately predict the situation in the cryptocurrency market because everything happens so quickly.

Analysts relied on the information in the chart, so they concluded that a gradual rise in Litecoin's price might begin. They said that it would go slowly and that the price would either fall or rise again. The most positive forecasts showed that Litecoin's price could grow to $370.

Ideally, by the end of 2018, a 'silver' coin might be sold for $500. In addition, analysts said there wouldn't be a significant drop, given that the cryptocurrency market was in a deep correction, but that every coin would increase afterwards.

Litecoin price prediction 2019

The analysts made a mistake. Litecoin saw a small increase in the spring of 2018, but then it fell to $20.

At the very beginning, experts said of the Litecoin price prediction for 2019 that the value of any asset could not decrease continuously for a long time. Any asset that had shown a significant decrease would later show a correction. Given all of the above, the situation changed: LTC's price rose from $30 in January to $122 in July.

Analysts gave another positive forecast. They believed that Litecoin's future price would be better. The most realistic forecast was $380 per LTC. The most impressive predicted new record: $2000 per coin. However, today Litecoin now trades for $55. Let's talk about future predictions.

Litecoin price prediction 2020

Litecoin began 2020 in an uptrend that lasted until late February. The price peaked in the first quarter of 2020 at $84.50, then declined by more than 65% to set a yearly low at $25. LTC picked up slowly after that but picked up the pace towards the end of the year. In November, it had grown to levels above the previous yearly high set in February, and in December, Litecoin traded above $120.

Litecoin price prediction 2021

Litecoin continued the uptrend that began in late 2020, creating significantly higher highs as it sped along in its growth. In May, it finally lost steam and fell sharply, but not before setting a new all-time high at $412.96. LTC fell by more than 70% before finding support at around $120. It tried to recover the new all-time high set in May but only managed to get back slightly above $300 before falling again to lower prices.

Litecoin price prediction 2023

Based on the technical analysis conducted for Litecoin's price in 2023, it is anticipated that the lowest value the cryptocurrency will reach is $70.72. On the other hand, the price has the potential to climb to a maximum level of $82.17. The average trading price for Litecoin is projected to hover around $93.61.

Litecoin price prediction 2024

Based on historical data analysis, the price prediction for crypto is approximately $80.94. According to Litecoin's future forecasts, the potential minimum and maximum prices are estimated to be around $66.36 and $95.53, respectively.

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Litecoin (LTC) price prediction for 2024, 2025 and 2030

Some analysts are making very optimistic forecasts again. Others say that Litecoin will never be great again. Why? Because there are simply so many new projects with better conditions. We'll tell you about our expectations, but let's first look at some forecasts.

TradingBeasts Litecoin price prediction for 2024, 2025 and 2030

According to TradingBeasts, Litecoin's future prediction for 2024 shows a fluctuation throughout the year, starting at around $66.38 in March and gradually decreasing to $63.33 by August. However, there's an anticipated increase in December, with the price estimated to be around $99.40. Moving forward to the crypto coin price prediction 2025, the price is expected to drop further, starting at $53.77 in January and declining to $52.69 by February. Looking ahead to the coin price prediction 2030, TradingBeasts predicts a significant surge in Litecoin's price, reaching $667.24.

WalletInvestor Litecoin price prediction for 2024, 2025 and 2030

According to WalletInvestor's Litecoin crypto prediction for 2024, the price is anticipated to fluctuate, starting at $64.70 in March and gradually increasing to $75.06 by July, with a slight decrease to $74 by August. However, a significant drop is expected by December, with the price estimated to be around $47.52. Looking ahead to the coin prediction 2025, the minimum price of Litecoin is forecasted to be around $146.54, while the maximum may reach $181.19, with an average trading price of $151.86. In 2030, the price of Litecoin is predicted to surge to $667.24.

Long Forecast Litecoin price prediction for 2024, 2025, and 2030

According to Long Forecast's LTC price predictions for 2024, the price is expected to vary, starting at $64.70 in March and gradually rising to $75.06 by July, with a slight decrease to $66.14 by August. However, there's an anticipated increase by December, with the price estimated to be around $70.99. Moving to the coin prediction for 2025, the yearly low prediction is set at $70.03, while the price of Litecoin could reach as high as $235.62. Looking further ahead to the coin price prediction for 2030, the yearly low prediction is estimated at $187.272, with a potential high of $700.18 for Litecoin.

DigitalCoinPrice Litecoin price prediction for 2024, 2025, and 2030

According to DigitalCoinPrice, the average price of Litecoin is forecasted to be around $184.52, with a maximum expected price of $197.29 and a minimum estimated price of $82.08 in 2024. Moving to 2025, the average price is predicted to be approximately $225.77, with a maximum projection of $230.61 and a minimum estimate of $196.23. Looking ahead to 2030, the average price of Litecoin is anticipated to reach $667.24, with a maximum expected price of $683.94 and a minimum estimated price of $615.01.

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Litecoin overall value predictions

In general, Litecoin has some chances for upward price movement. First, this cryptocurrency is one of the most successful Bitcoin forks. Second, it provides fast transactions, so many people will use it as a payment system. Third, mining Litecoin is easier than Bitcoin or Bitcoin Cash (BCH). If the price for BTC and BCH rises, LTC will be in better shape, too.

How high can Litecoin go?

It's difficult to predict exactly how high a coin like Litecoin can go, and with all the uncertainties facing the world right now, it'll take strong positive sentiments to return the general crypto market to bullish sentiments. 

Litecoin price prediction today

LTC's price prediction today must be based on technical analysis. We've seen that bulls have found support at around $75. They have a great chance of moving LTC's price higher if that support holds long enough for market sentiment to explode once again like it did last year.

Once again, Litecoin is silver to Bitcoin's gold. That is why LTC's price always depends on BTC. Today, BTC is showing signs of recovery, so LTC may reach higher marks soon.

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