The 16th largest cryptocurrency in terms of market capitalization, Litecoin (LTC) is a peer-to-peer payment system. In this Litecoin price prediction guide, we analyze the Litecoin price forecast from 2023 – 2030 to determine its future performance.
We also determine the price of Litecoin by analyzing its past performance and the overall scope of the cryptocurrency space. Keep reading to learn the best platforms which let you trade Litecoin and the top alternatives for this digital asset.
Litecoin – Latest News
Let’s take a look at some of the latest news surrounding Litecoin before getting into the price prediction.
- Since the start of 2023, Litecoin has increased by 27%. The token is the 16th largest crypto, with a market cap of more than $6.4 billion.
- Despite starting strong in 2023, the token has corrected by more than 11.4% in the past 30 days.
- The overall crypto space has corrected in the first week of March, following the market correction of Silvergate, a global cryptocurrency bank.
- Bitcoin has finally moved above $30k, its August 2022 level.
Litecoin Price History
Litecoin was created in 2011, nearly two years after Bitcoin was released. Charlie Lee, a former engineer at Google, created this cryptocurrency. Litecoin functions as an open-sourced global peer-to-peer payment system.
With a total of 84 million tokens, Litecoin has a circulating supply of more than 72 million. Similar to Bitcoin, this cryptocurrency can also be mined.
LTC Coin Price from 2013 – 2017
The token was first released at approximately $4.30 in April 2013, two years after the network was created.
For most of the year, Litecoin traded sideways until the Bitcoin bull run began towards the end of 2013. By the beginning of 2014, Litecoin sky-rocketed to the $40 mark – nearly a 10x price increase from its original levels.
However, the LTC coin price dropped below $10 soon after. From 2014 to 2017, this cryptocurrency did not provide much growth. Nonetheless, some of the cryptocurrency’s features helped it become a valuable asset to hold in the long term.
One of the top deflationary cryptocurrency assets, Litecoin, has been designed to reduce its overall supply in the long term. The Litecoin network leverages the concept of halving – which halves the total reward given when a new Litecoin block has been validated. Thus, the reduced token rewards can help increase the value.
The 2017 and 2021 Crypto Bull Run
The cryptocurrency market experienced one of its best years in 2017. With nearly every top digital asset offering profitable returns, Litecoin was no different. While the LTC crypto price started at under $4 at the start of 2017, the token soared to a high of $375 by December. This marked a price increase in excess of 9,275%.
However, the cryptocurrency faced turbulent times ahead. By the end of 2017, Charlie Lee decided to sell his Litecoin holdings after sharing his reasons for doing so through a Reddit post. By December 2018, the Litecoin token price had tumbled to $30.
While the cryptocurrency faced regular volatility for the next few years, Litecoin made a new all-time high (ATH) in 2021. By May 2021, LTC reached a high of $410. The bull run coincided with the overall positive sentiment for cryptos, as other tokens, such as Bitcoin and Ethereum, exploded in price.
Litecoin in 2023
Due to the unstable market conditions in 2022, the cryptocurrency markets went through a bear run. Litecoin corrected from $148 to $67 throughout 2022. But, the cryptocurrency markets have been moving upward since the beginning of 2023.
Litecoin has increased from $70 since January 2023 to $101 in February. However, the current price of Litecoin is $91, as of April 2023. The token has a total market cap of $6.6 billion.
Litecoin Crypto Price Summary
- Litecoin launched at $4.30 in April 2013.
- LTC soared to $40 by the start of 2014.
- The LTC token traded under $10 between 2014 – 2017.
- Litecoin sky-rocketed to $375 by December 2017.
- LTC reached an ATH of $410 in April 2021
- The Litecoin price today is $91
Litecoin Price Prediction 2023
There are a bunch of technical factors that will affect the price of Litecoin in 2023, including the adoption of new upgrades to the protocol such as the Partially Signed Bitcoin Transactions (PSBTs), P2P support for Light Clients, Viewing Keys, Payment Proofs, and Descriptor Wallets.
These upgrades are designed to enhance user experience and make the network more user-friendly, thereby potentially driving up demand for the cryptocurrency.
Additionally, Litecoin’s Mimblewimble Extension Blocks (MWEB) proposal, which improves the privacy of transactions, could increase user adoption and confidence in the network’s security.
Litecoin’s correlation with Bitcoin forecast and the current price could also impact its price performance, as Bitcoin remains the dominant cryptocurrency in the market. Broader market trends such as regulatory developments and macroeconomic factors may also play a role in Litecoin’s price performance.
Litecoin’s value went down significantly the previous year but has been increasing in 2023, with investors helping it overcome its resistance level. However, its Relative Strength Index (RSI) is currently lower than average, which could indicate a downward trend.
Experts predict that if investors can push the price past its secondary resistance level, LTC could experience a significant upward trend. The token is expected to reach the highest price of $136 this year while maintaining an average price of $118.09.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Litecoin Price Prediction 2024
While the LTC token has been volatile in the last few years, the network has maintained its popularity due to the use cases it offers. On February 8th, 2022, the official Litecoin Twitter account stated that Litecoin was the second most transacted cryptocurrency in the world.
In the Tweet, Litecoin mentioned that 1 in 4 crypto-based transactions are done using this cryptocurrency. Litecoin was only behind Bitcoin in this stat, which is responsible for 42% of all crypto-based transactions globally.
As long as Litecoin is being used for transactional purposes, the token will maintain its popularity. However, many other factors will come into play if LTC were to go up by 2024. Given the uncertainty of the cryptocurrency markets, we cannot guarantee whether 2024 will be a positive or negative year.
As we have witnessed before, the performance of Bitcoin is critical to the overall success of cryptocurrencies. If Bitcoin were to trade upwards, most cryptocurrency tokens would follow a similar pattern.
If the market outlook is positive, LTC can trade as high as $200 by the end of 2024. On the other hand, our minimum LTC crypto price prediction for 2024 is $150.
Litecoin Price Prediction 2025
One of the main reasons Litecoin has delivered a return on investments is due to its decentralized and open-source network. As mentioned above, Litecoin is the second most used cryptocurrency for transactions.
However, we may see even more growth in the coming years. In June 2021, BitPay, a global payment service provider, began supporting Litecoin as a payment option. Since then, Litecoin payments increased by 109% by the end of 2022.
BitPay has generated $30 million in sales from 180,000 payments made via Litecoin. The number is expected to grow due to the cryptocurrency’s low average fee when using Litecoin. This cryptocurrency also allows users to complete transactions at a faster rate than Bitcoin.
Moreover, the next Litecoin halving is expected to take place in August 2023. This will half the Litecoin validation rewards from 12.5 LTC to 6.25 LTC.
By the end of 2025, we expect Litecoin to make a new all-time high. The Litecoin price can surge past $410 to a high of $450, equating to nearly a 5x price jump from current levels.
Litecoin Price Prediction 2030
While many meme tokens and new cryptocurrency assets have offered huge returns in the past few years, Litecoin has been doing this for a decade. This global payment processor has remained one of the biggest tokens and amassed a huge following.
Social media popularity has been integral to a token’s growth in recent years. One of the most popular cryptocurrencies, Litecoin, has a Twitter following of nearly 1 million users. Litecoin also has its own subreddit titled ‘r/litecoin,’ – which has over 350K members.
Along with the social media credentials, Litecoin’s widespread adoption as a payment method is the key reason for its regular growth. According to Forkast.news, the expected number of crypto users by 2030 will be 1 billion, nearly three times higher than current levels. As the use of Litecoin as a payment processor increases, more users will likely adopt this currency.
Analysts are also bullish on the Litecoin price by 2030. Wallet Investor, a popular trading algorithm, expects Litecoin to reach a high of $2,200 by 2030. This prediction estimates that LTC will soar by 2,100%.
Changelly.com also predicts that LTC can achieve a high of $2,430 by the decade’s end.
Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection.
Litecoin Price Potential Highs & Lows
The table below summarizes our Litecoin price prediction for 2023 to 2030.
Where to Buy Litecoin
With the current price increase of Litecoin, many investors may be looking to buy Litecoin right now. However, it is important to begin investing with a cryptocurrency platform that caters to your individual trading needs.
eToro – Best Place to Buy LTC in 2023 with Low Fees & Copy Trading Features
We have found eToro to be one of the best cryptocurrency trading platforms from where to invest in Litecoin. This is a global brokerage that has more than 28 million traders. One of the cheapest brokers, eToro, only charges a 1% fee for buying and selling Litecoin and other digital assets. Users must also pay a market spread when investing in cryptos with eToro.
Apart from Litecoin, investors can invest in 78 digital assets with eToro. This trading platform also lets investors purchase ‘Smart Portfolios’ – a feature that gives users exposure to a mix of cryptocurrencies. For instance, the ‘Cryptos by Market Cap’ portfolio lets investors access a variety of tokens such as Litecoin, Solana, Ethereum, and more.
eToro is also regulated by leading global regulators, including the FCA (Financial Conduct Authority), CySEC (Cyprus Securities and Exchange Commission), and more. eToro offers one of the best crypto wallets, letting investors safely store their funds offline.
This platform charges a minimum deposit of only $10, making it an ideal choice if you are trading with a low budget. One can make an investment by leveraging multiple payment methods, including credit/debit cards and e-wallets such as PayPal. It’s also worth mentioning that eToro supports copy trading meaning users can automatically copy the trading strategies and habits of experienced traders on the social trading platform. In simpler terms, it involves delegating the task of trading in financial markets to investors from around the world to act on your behalf.
Follow the link below for more details on how you can start trading Litecoin and other cryptos via eToro’s CopyTrader and CopyPortfolios today.
Cryptoassets are a highly volatile unregulated investment product.
Is Litecoin a Good Investment?
After evaluating the price history and the utility that Litecoin offers, this cryptocurrency still has the potential to offer returns in the coming years. While Litecoin is termed as the ‘Silver to Bitcoin’s Gold,’ its transaction speed is quicker, while the cost is cheaper.
Moreover, Litecoin has quickly cemented itself as the second most used crypto for payments after its partnership with BitPay increased the transaction numbers. This cryptocurrency also boasts a strong social media presence, with millions of followers over different platforms.
While the LTC token is still 78% below its ATH, the cryptocurrency has risen in the past few weeks. With many price prediction websites expecting the token to offer high growth in the coming decade, Litecoin can still be a valuable asset to hold in your portfolio.
However, are there other tokens in the market that can offer even greater returns? In the last couple of years, the Web3 space has led to the development of several new crypto games and apps. The sections below will discuss two new crypto projects which can provide huge returns.
Love Hate Inu – Memecoin Presale with Great Fundamentals
In less than two months, Love Hate Inu ($LHINU) has raised $7.25 million, thanks to its unique vote-to-earn model. However, the presale will soon conclude, scheduled to end in May 2023.
The recent appointment of Carl Dawkins, formerly head of growth at the top 10 ranked meme coin Tamadoge and adviser to the UK All Party Parliamentary Group on Crypto and Digital Assets, as the new CEO has also contributed to the project’s success. Dawkins has been active on Twitter Spaces, sharing his expertise and analysis with the Love Hate Inu community.
The Love Hate Inu CEO aims to avoid a situation like Tamadoge where US traders were excluded from a large exchange listing. Instead, they plan to list on the decentralized exchange Uniswap to enable everyone to participate.
Love Hate Inu’s unique selling point is its survey and polling platform centred on love vs. hate. Unlike traditional politics, the platform allows for a spectrum of options and opinions, making it flexible and adaptable to various industries. Powered by decentralized technology, Love Hate Inu is destined to revolutionize the $3.2 billion online survey industry.
Analysts are already calling Love Hate Inu the best crypto to buy right now, given its unique utility and potential to become the next Dogecoin or Shiba Inu.
With a generous allocation of tokens to the public and no vesting period, investors stand to gain significant profits as the bull market gathers pace. Love Hate Inu combines blockchain with the popularity of Shiba Inu meme coins, making it a high potential investment for 2023.
Our Litecoin price prediction guide has analyzed the token’s future performance for 2023 to 2030 by studying the cryptocurrency’s price history and latest updates. Litecoin has managed to remain on top for over a decade due to its successful peer-to-peer payment network, which supports nearly 25% of all crypto transactions.
While many expect Litecoin to increase in price, Love Hate Inu is another emerging altcoin project to watch out for that we reviewed as a potential LTC alternative. Its native token LHINU is on presale now.
Love Hate Inu - Next Big Meme Coin
- First Web3 Vote to Earn Platform
- Latest Meme Coin to List on OKX
- Staking Rewards
- Vote on Current Topics and Earn $LHINU Tokens