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 2020-2030 and decide whether LTC is worth investing in or not.
What is Litecoin (LTC)?
Litecoin is one of the first Bitcoin forks. It was developed and led by Charlie Lee and initially presented as an open-source code via GitHub on October 7, 2011. The coin was designed as a faster and more scalable alternative to Bitcoin.
LTC coin is very similar to its predecessor but has some significant differences. In 2017, Litecoin became the first cryptocurrency to implement SegWit to solve the scalability problem.
Since the LTC coin was constructed as a lighter alternative to Bitcoin, it got through some changes to improve its speed and availability.
Market Prediction for Litecoin Price in 2021
#1 Trading Beasts
According to the Trading Beasts algorithms, Litecoin cryptocurrency price will slightly go down throughout the year. An average rate will be fluctuating in a range of $150-$170. The maximum price of LTC in 2021 will be about $220.
#2 Wallet Investor
Wallet Investor algorithms claim that Litecoin is a good one-year investment. It means that LTC price is going to rise in the near future. The maximum price indicators in 2021 can reach the $240-$260 mark. The minimum LTC price might fluctuate in the $120-$170 corridor. On average, the Litecoin rate will change from $180 to $220 throughout the year. The cryptocurrency will reach the maximum value by the end of 2021.
#3 Long Forecast
According to the analytic data, the Litecoin price might drop throughout the year. The rate will vary from $110 to $170 and won’t increase more than at the beginning of 2021.
#4 Coin Price Forecast
Coin Price Forecast predicts the ultimate boost in Litecoin future price. As of 2021, the LTC rate will show us reaching the $500 mark as early as December. Looking bullish!
According to Digital Coin Price data, the Litecoin rate will increase throughout 2021. Since the source claims that LTC is a profitable investment, let’s see the figures. By the middle of the year, Litecoin price might touch the $300 point. However, after reaching this high, the price will correct to $250.
Litecoin Price Prediction 2022 – 2023
Litecoin will show us a real breakout. Liteforex website states that LTC price will probably rise to $700-$900 by the end of 2023. It sounds quite possible since the next Litecoin halving will occur in August 2023. This event is the reason for Litecoin price to go up. However, throughout these two years, the rate can show a correction which can significantly decrease to $300-$400.
Litecoin Price Prediction 2024 – 2025
According to Primexbt, the potential low of Litecoin will be around a couple of thousand dollars. However, the potential high is terrific – around $10,000. Litecoin has plenty of features such as price and transaction speed so it might take its niche on the cryptocurrency market.
Litecoin Price Prediction 2030
It’s quite hopeless to predict any future crypto price for 10 years. Well, some of the services have already pronounced their perspectives concerning Litecoin. According to the Crypto Research Report Group, Litecoin is headed to the following marks in the future: $1,200 in 2025, and $2,250 in 2030. Quite bullish.
You can always do your own research based on the project roadmap, the implementation of the declared milestones, the developers, and the top managers’ reputation. Social media activity and feedback from users and token holders can also help you make the right choice. The cryptocurrency market is so volatile that it is impossible to predict the exact value of the currency, but only the direction of the development of the common market.
Keep in mind that Litecoin is a pretty established coin in the cryptocurrency world. We’ve all known Litecoin and its team for a long time, so investing in this cryptocurrency is quite safe. Always keep an eye on market changes, especially Bitcoin, which is most often reflected in all altcoins.
As you’ve already understood, investing in Litecoin is safe and possibly profitable. Our service can help you with this. We have been assisting users in exchanging and buying coins in the blink of an eye for many years now. We offer a range of rates so that you can choose the best ones for buying or swapping Litecoin in the widget below.
Frequently Asked Questions (FAQ)
We’ve got the answers to the most curious questions considering Litecoin’s future.
Is Litecoin the Future?
We can pronounce any cryptocurrency a future as long as it corresponds to the realistic perspectives and probable success. So, Litecoin is an impressive cryptocurrency since its transaction speed is faster than Bitcoin’s. LTC coin might be another option for payment and money transfer, or it can disappear at all amid all these new technologies.
What Could Litecoin Be Worth in 10 years?
We cannot make a quality Litecoin price prediction for such a long period of time. The Reddit community hopes that one Litecoin will be enough to buy a good house. However, nobody knows what can happen to LTC’s price in 10 years.
How Do You Sell Litecoin?
You can withdraw Litecoin in a couple of ways. In order to exchange LTC to fiat (USD, EUR, GBP) right on your bank card, try out the Mercuryo service.
Will Litecoin Go Down?
Litecoin cryptocurrency price might go down in the future. However, it’s probably all about the price correction. The new heights are going to appear.
Why Is Litecoin Going Up?
The whole cryptocurrency market is going up now, so the altcoins’ price reaches a new high. We recommend following the Bitcoin and crypto news to get the right perception of the market.
How Many Litecoins Are Left?
Litecoin’s maximum supply is 84,000,000. There are more than 66 million coins already in circulation. So, there are about 18 million Litecoins left.