Litecoin Long Term Price Prediction

Litecoin all time growth from Coinbase

Set up by ex-Google employee Charlie Lee, Litecoin provided investors with a positive ROI the last two years. It went up by 140% in 2020, grabbing people’s attention and being one of the cheaper alternatives to Bitcoin.

From December 2020 to May 9th 2021, the coin rose by more than 200%, then dropped by 63%. Many traders still view the asset as in a bullish uptrend.

So, what can be expected out of this cryptocurrency formed after Bitcoin as its simpler, everyday use alternative? Will Litecoin surpass Bitcoin as the new crypto behemoth? Is it the best bet for you to invest in the long run? We’ll review several factors in this guide to Litecoin price predictions.

Litecoin Price Prediction By Year (2021-2030)

With a market capitalisation of $ 14.2 billion (as on 11th November 2021), according to Coinmarketcap.com, Litecoin is considered to be one of the most sought-after cryptocurrencies.

With exponential growth in 2020 and a mixed 2021, the eyes of crypto gurus and investors are on its future, plus what it holds for them. Here’s what a decade’s price prediction of Litecoin looks like.

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Litecoin Price Prediction 2021-2022

Prediction For December 2021

December 2021 is expected to see Litecoin reach a maximum expected price of $234.041, from the current high of $264 with the end of the month prediction standing somewhere around $187. The average price is expected to be somewhere around $128.

Litecoin is going to benefit from bullish sentiment on Bitcoin, which is expected to touch $80,000 by the end of 2021.

Litecoin 3 Month Price Prediction

With a bullish run expected at the end of 2021, the beginning of 2022 might see a few slumps as well as a few rises. Here are the minimum, maximum and average prices for the first three months of 2022.

Litecoin Price Prediction (Beginning of 2022)

Source: Wallet Investor

Litecoin’s prediction for the beginning months of 2022 mostly relies on how well it ends its 2021.

However, as mentioned in the graph above, it is expected to breach the $250 mark, once again as it has done as of when this article is being written.

On the other hand, according to some predictions, Litecoin is expected to touch its new high somewhere in May 2022. However, these forecasts might turn out to be quite bullish, factoring in the positive sways in Litecoin.

Furthermore, down the line, as people tend to realise more benefits of the coin, such as free integration, lesser processing fees than those of credit cards and other modes of payments, we can see an uptick in the valuation of the coin.

Litecoin Price Prediction (2022-2025)

After a seemingly volatile 2021 for Litecoin, the upcoming years seem to be slow for the cryptocurrency.

Source: DigitalCoinPrice

The forecasts for Litecoin from 2022-2025 are based on a variety of factors and its historical performance in the markets.

We believe that the LTC might have a slower but stable 2022. However, with the halving event in 2023, things might look a bit brighter for the investors in the long run. Overall, its legacy as being one of the oldest and reliable altcoins out there might come into play as well.

Secondly, if the cryptocurrency adoption tends to take place at the current speed or faster, the coin might even be used for day-to-day transactions. This will certainly add to its demand. Moreover, as we have seen, Bitcoin and Bitcoin Cash have a positive outlook for the coming years, and Litecoin’s position depends on them. So, overall, it seems to be good few years for the coin.

Technical Analysis

Technical analysis of Litecoin

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With the pandemic raging through the valuations of most of the cryptocurrencies, Litecoin was no different. As has been the case, most of it’s upsurge has been followed by a fast fall. However, the year 2021 saw the currency rise to a new high of the $390 mark. This has led to the investors being bullish about the its future.

As per a forecast, it will be priced at $252 by the end of 2021. This comes amidst a decent performance by Bitcoin and the range of associations it entered at the beginning of the year. In the year 2022, the coin is forecasted to reach almost $267 in the first half and then fall a little at the beginning of the second half.

The year 2023, will see the Litecoin halving event take place, reducing the block rewards to 6.25 LTC. This is set to appreciate LTC’s value and take it to $294 in the mid-year period. The graph shows areas of volatility at places. However, the predictions seem to be bullish for cryptocurrency in the near future. According to Cryptoground, the currency will be priced at $398.72 by year 2024.

By the year 2025, if the currency keeps on moving with a stable outlook and returns, it might turn out to be in their favour. More associations like PayPal and Venmo are certainly going to add to LTC’s credibility.

Major Upcoming Litecoin Events

Litecoin has been closely following the steps of its counterparts, like Bitcoin and Ethereum when it comes to market movements.

However, since LTC is something that is supposed to be used as a day-to-day cryptocurrency, there might be some differences at places.

Visa Debit Card: The Litecoin Foundation recently announced through a tweet about its association with Visa, regarding a Litecoin Debit card. This move can help Litecoin cement its position as the everyday transaction coin to more than 50 million merchants worldwide. With a more predominant usage through the Litecoin Visa card, the cryptocurrency might rise in popularity.

The 2023 Halving Event: A Litecoin halving event takes place every 4 years. With the halving event scheduled in 2023, it makes all the more sense to stick to LTC till then. As the halving takes place, the block reward will come down to 6.24 from the current 12.5 LTC. With halving n place, its is expected to rise due to a scarcer amount available.

Grayscale Investments: The New York-based Grayscale Investments, the world’s largest digital currency manager, has gained approval from FINRAA to launch a Litecoin Trust. With this move, institutional investors and high-net-worth individuals gain easier access to Litecoin. With more and more large-scale investors on board, it might give a positive sentiment.

Mimblewimble: Litecoin Foundation is eager to adopt Mimblewimble. This will improve its underlying weaknesses, i.e. fungibility and privacy. The code uses confidential transactions to increase privacy and security by hiding the number of coins being transferred.

Bitcoin’s Rise: The world is betting on Bitcoin. A JPMorgan prediction stands Bitcoin at $146,000. This is if and when there’s some stability in the stabilisation of its price. With the falling volatility as of now, a price target of $73,000 is what investors are looking for.

With the rise and popularity of Bitcoin, Litecoin can ride on that wave too.

Fundamental Analysis

Litecoin crypto data

Litecoin stays true to its name when it comes to transactions and transfer times.

Its block confirmation time is much shorter at 2.5 minutes, in comparison to around 10 minutes of Bitcoin. Similarly, the larger number of Litecoins available for distribution make them lesser scarce than Bitcoin.

The Scrypt algorithm used by Litecoin makes it a bit more accessible than the SHA-256, as it doesn’t require much special equipment. While Litecoin is a more accessible and simpler cryptocurrency than Bitcoin and many of the lot, it certainly isn’t less secure.

Adding to the ease of use is the stability of Litecoin that attracts risk-averse investors. The LTC has seen relatively lesser volatile periods than its counterparts such as Cardano or Ripple. The deal with PayPal and Venmo has certainly added to the credibility of the coin, making it more reliable.

But the thing that has deterred investors at times is the fact that Litecoin’s co-founder has sold all his LTC holdings, which has affected investor confidence in the coin. If Litecoin is able to shed off this image and convert it into better market performance, things can seem bright in the next few years.

Its original security code makes it one of the most secure and reliable cryptocurrencies out there. Moreover, the lower fees make Litecoin a better contender for everyday digital currency.

Agility, flexibility and ease of transaction make Litecoin one of the most preferred coins for the ones who conduct smaller transactions. It is one of the most appreciated cryptocurrencies all over the world. Moreover, the Litecoin Foundation is quite active with the new and upcoming developments around Litecoin, reassuring faith amongst its investors.

2026-2030 and Beyond: Litecoin Price Prediction

The 2026-2030 price prediction for Litecoin is something very speculative. Most of these numbers rely on the price history of Litecoin and external factors that might take place during those years.

The numbers for the next 10 years are highly indicative in nature. Let us understand how Litecoin will rise (or fall) in the upcoming decade.

According to the Crypto Research Report Group, Litecoin is expected to reach $2,250 in 2030. This number comes into play in case the coin sticks to its stability factor and gains a reputation as a coin that is used in day-to-day transactions.

However, as with any long-term number, this is speculative and depends on a lot of factors.

How To Invest in Litecoin in the UK?

As we’ve mentioned in our analysis of the coin above, Litecoin does promise a certain degree of optimism in its valuation. So, if you’re looking forward to investing some amount in it, we’ve got you covered.

In case you are looking to invest in Crypto in the UK, eToro might be a good option for you to begin with.

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Litecoin’s possible future trajectory through eToro

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Apart from eToro, there are several amazing platforms through which you can invest in Litecoin for the long run, securely. Binance offers an amazing interface along with 24×7 support to ensure a seamless crypto journey for you.

On the other hand, we also recommend using CoinBase to begin your crypto investment journey today as well. You can read more about our preferred crypto exchanges here.

Depositing in eToro

1. After your KYC is done, you can deposit money into your eToro account.
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Litecoin Price History

Now that you’re acquainted with what LTC holds for you in the near future, here’s what Litecoin is all about.

Price History

Litecoin price growth via Binance (Trading view)

Soon after the launch of Litecoin, it reached a price of 30 cents on a US Dollar in 2011. Between the years 2011 and 2013, the price revolved around 3 dollars and a few cents.

In November of 2013 LTC witnessed its first bullish run, reaching about $ 50. Although the happiness was short-lived, as back again in January 2015, the prices fell back to 1 dollar due to the Mt Gox change scandal and the bearish 2014 markets.

After this, the prices stabilised at around $3 for two years. In 2017, LTC went on a gaining spree once again, as its prices rose from $ 3 to $ 50 and finally to $ 80 in September. In the following months, the price of Litecoin reached an all-time high of $ 371.

However, once again the prices fell to a new low of $ 25 in December 2018. The year 2019 saw Litecoin reaching a high of $145 in June and coming down to $47 in December. 2020 was a very volatile year for the cryptocurrency with the lows of $39 in March and the ending high of $87.

History

Cryptocurrencies around the world are known to have different identities and characteristics. And so does Litecoin (LTC).

Back in 2011, when Charlie Lee thought of Litecoin as a cryptocurrency, he envisioned a currency that’s different from Bitcoin. While BitCoin was being referred to as Digital Gold by everyone, Lee wanted Litecoin to be something more versatile and flexible.

Founders

Litecoin’s founder Charlie Lee graduated from MIT and worked for a number of tech companies before coming up with the idea of Litecoin.

He stumbled upon the idea of Bitcoin while reading about the Silk Road. This made him come up with his own cryptocurrency or the next Bitcoin. Charlie Lee ended up releasing his first cryptocurrency called Fairbix, which was based on Bitcoin and Tenerbix. However, it ended up failing due to some mining-related issues and susceptibility to attacks.

Weeks after, Charlie launched Litecoin. Litecoin came with a set of improvements, based on the core Bitcoin techniques and philosophies.

Technology and Philosophy

When you look at it, Litecoin does share a lot of similarities with Bitcoin. However, when Charlie was looking to come forward with his own cryptocurrency, he found some issues. Bitcoin had amazing potential. However, it was too slow and complex to transfer and use as a transactional medium.

Hence, he came up with the idea of Litecoin. He designed Litecoin in a manner that allowed it to have more supply. While there are 21 million Bitcoins that can be mined, the limit for LTC stands at 84 million.

Litecoin Vs Bitcoin

Litecoin has been quite similar and correlated with Bitcoin when one look at their market performance. However, when Charli Lee developed Litecoin, there were a few differences that he had in mind to set the two cryptocurrencies apart. Here are a few characteristics that differentiate between the two currencies.

1. Transaction Speed: Litecoin transactions are more than four times faster than the transaction speed of Bitcoin. Hence, if transaction speeds are something you are looking for, then LTC is your thing.
2. Market Capitalisation: As of November 2021, Bitcoin’s market cap stood at $1 trillion, whereas Litecoin’s was $14.2 billion.
3. Algorithms: Litecoin and Bitcoin, both use different sets of algorithms. While the former uses Scrypt, the latter uses SHA-256. The SHA-256 is usually considered to be a more complex algorithm out of the two.
4. Distribution: Bitcoin has limited distribution of 21 million coins. However, Litecoin has a total distribution of almost four times Bitcoin’s at 84 million, making it more stable.

Conclusion

The prediction for Litecoin’s price suggests that it is certainly one of the most optimistic cryptocurrencies.

Its features like relative stability, security and the potential to become a medium for day-to-day transactions, makes it one of the most sought-after digital currency. Now, the question arises- should you go for it?

Well, in case your concern is a massive drop, let us inform you that there will be areas of massive corrections when it comes to cryptocurrencies. However, after every major slump, there are peaks of high returns. In case, you must have noticed in our analysis, every major Litecoin slump had an exponential boost behind it.

Hence, our prediction for Litecoin is- invest, observe and learn. To invest in Litecoin and read more price predictions from traders check out eToro, a trading platform where investors can also share their thoughts on the tokens they buy. It’s always good to hear from experts and that’s possible at eToro.

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