Litecoin is a cryptocurrency altcoin that was extremely popular and dominant before the 2020 cryptocurrency bull market. Although the coin has fallen out of the top ten cryptocurrencies by market capitalization, it remains a blockchain network with a growing number of transactions.
Will the Litecoin trend change and the coin once again become one of the most bullish in the space? Or will altcoin never be able to establish itself as a payment currency and continue to fall out of favor to digital assets with higher ROI?
The following Litecoin price prediction guide will help the average investor understand whether LTC is a bargain to buy right now and how high or low the price might go in the future. Continue reading to learn if now is the time to invest in Litecoin.
What Is Litecoin? (LTC)
Litecoin (LTC) is a cryptocurrency first released in October 2011. It is a decentralized peer-to-peer cryptocurrency and an open-source blockchain protocol. Litecoin was created to share many similar features with Bitcoin and runs on a modified version of Bitcoin's source code.
Additional similarities include a scarce supply, a comparative measurement system, and a proof-of-work timestamping scheme. Litecoin is also characterized by a supply halving that occurs roughly every four years, similar to Bitcoin. All changes to Litecoin's codebase have been made to achieve faster transactions at lower fees. Adjustments to mining difficulty are also being made at a faster pace.
Litecoin Launch And Origin Story
Founded in 2011 by former Google engineer and Coinbase director Charlie Lee, Litecoin is one of the earliest altcoins ever brought to market. Due to the many similarities between the two cryptocurrencies, Litecoin is affectionately referred to as silver and Bitcoin as digital gold.
The story of Litecoin's creation is, of course, inspired by Bitcoin in more ways than one. In early 2011, CPUs were no longer capable of mining BTC and mining was largely done by GPUs. The crypto community at the time feared that the costs associated with GPUs would limit those who could get involved in cryptocurrency mining.
That's why another cryptocurrency was created using the Bitcoin code called Tenebrix (TBX). Tenebrix replaced SHA-256 in the Bitcoin mining algorithm with a hash function scrypt. The founder and creator of Litecoin, Charlie Lee, created an alternative version of Tenebrix called Fairbrix. Lee used his work on Fairbrix to adapt the scrypt function to the Litecoin project.
At the time, Lee realized that many altcoin projects had failed due to the lack of a fair distribution model, and decided to create Litecoin as the "silver to Bitcoin's gold," avoiding things like pre-mining and other issues that had been a problem for early altcoins. Later, in early October, Lee uploaded the open-source Litecoin client, and just a week later the Litecoin network went live.
In the first years of its adoption, Litecoin climbed to the top of the cryptocurrency rankings, and then to the top five. It stayed there for many years, right up until the cryptocurrency bull run in 2020, when it fell out of the top ten cryptocurrencies by market capitalization for the first time.
Litecoin Similarities With Bitcoin
Litecoin is often used as a “test network” for Bitcoin. For example, Litecoin was the first to adopt Segregated Witness, and the first to transact via the Lightning Network. The transaction is said to have transferred 0.00000001 LTC from Zurich to San Francisco in less than a second. Recently, the Mimblewimble extension block upgrade was enabled on the Litecoin network, giving users the ability to mask transaction data to remain anonymous.
The maximum supply of Litecoin is 84,000,000 LTC, which is four times the supply of BTC. However, only 70 000 000 LTC are currently in circulation. Litecoin blocks are produced every 2.5 minutes, which is four times faster than Bitcoin's ten-minute block time. Litecoin uses a less energy-intensive proof-of-work algorithm called scrypt, which includes something called a memory-hard function.
Litecoin's difficulty adjustments are made four times faster - every 3.5 days compared to Bitcoin's every 14 days. However, both occur every 2016 blocks. Litecoin's block clearing times are four times faster than Bitcoin's, resulting in reaching a difficulty adjustment four times faster and more frequently. Litecoin's halving of blocks matches that of Bitcoin every four years. However, they take place at different times. The initial reward per Litecoin block was 50 LTC. It was later halved to 25 LTC. Currently, the reward per block is set at 12.5 LTC. The next halving of Litecoin is scheduled for August 2023 and will reduce the block reward to 6.25 LTC.
The decrease in the value of Litecoin is periodic and is programmed into the Litecoin code. The halving will end and all LTC will be allocated by 2142. Over the centuries, governments have devalued currencies to the point of extreme inflation. Litecoin's halving and rationing model ensures that no more LTC can be produced and supply cannot increase. The idea first emerged with Bitcoin, which sought to create a form of digital gold with a similarly scarce supply.
Litecoin's blockchain is just as active as Bitcoin. Litecoin is often used as a medium of exchange and is one of the fastest cryptocurrencies to send assets from one exchange to another. If the goal is to send funds from one exchange to another as quickly as possible, converting even BTC to LTC first would be faster than Bitcoin's four times longer transaction time. In addition to speed, Litecoin fees are much lower compared to Bitcoin.
Litecoin Adoption And Controversy
Litecoin is a popular cryptocurrency in the world of online merchants. It is among the cryptocurrencies offered and accepted in PayPal, Venmo and other popular financial apps and services. Litecoin also accounts for about 21% of all BitPay transactions. The creator of the coin never intended it to compete with Bitcoin, but rather to be used for smaller payment transactions.
The popular altcoin is no stranger to controversy and confusion. In September 2021, a fake press release was circulated stating that Wal-Mart planned to accept Litecoin as part of a partnership. Despite the fake news regarding the Wal-Mart partnership, Litecoin has entered into several high-profile partnership deals with other brands, even becoming the official cryptocurrency of the Ultimate Fighting Championship.
Previously, the biggest controversy surrounding the coin was due to Litecoin creator Charlie Lee selling his position in LTC at the peak of the bull market in 2017. Lee cited his decision as an attempt to remove any potential accusations of personal conflict and focus solely on development. With the removal of his personal stake in Litecoin, the coin has ultimately become more decentralized.
Charlie Lee is a computer science graduate from MIT, and has worked at Google and Coinbase in senior positions. He helped write the Chrome OS code for Google. While working at Coinbase, Lee was able to launch Litecoin on the exchange. Today, Charlie Lee serves as the Managing Director of The Litecoin Foundation, a non-profit organization that focuses on the further development and adoption of Litecoin globally. Since its inception, The Litecoin Foundation has established several high-level partnerships that maintain an optimistic outlook for LTC.
Factors Behind Litecoin Price Action: How They Influence LTC Price Predictions
Every cryptocurrency’s price action is driven by a variety of factors, but these important influences aren’t shared across the board. For example, the demand driving ETH involves paying for gas fees, minting NFTs, interacting with dApps, etc. doesn’t quite exist in the same capacity with Litecoin. Here are the unique factors influencing Litecoin price predictions.
The demand for Litecoin is not as high as it was in the past. This can be seen by comparing the relative strength with other altcoins and even Bitcoin. This can also be seen clearly in the LTCBTC and LTCETH trading pairs, with Litecoin being on the losing side of the pairs for some time.
The advent of smart contracts and the rapid expansion of layer 1 and 2 blockchains have put payment coins like Litecoin on the backburner of the crypto market. Older altcoins successful in the 2017 bull market, such as LTC and XRP, have yet to reach new all-time highs due to lack of demand.
Demand for LTC is turning around, since the rollout of the Mimblewimble upgrade, which makes Litecoin transactions more anonymous by design.
The key factor in any market is the strict balance between supply and demand. Although the demand for Litecoin has decreased recently, the supply is still limited and at any moment could fall out of the delicate balance in favor of further appreciation.
Only 84,000,000 LTC will ever exist, similar to the 21 million BTC in Bitcoin. It is among these reasons Litecoin is often referred to as the silver next to Bitcoin as the crypto version of gold. Interestingly, demand for silver is also low compared to gold. Is it possible that the trend will change for both Litecoin and silver at the same time?
The theoretical available supply of Litecoin is further reduced with each successive block, halving the reward. The maximum supply will not decrease, but the amount of LTC miners receive for each block reward will decrease by half every four years. The lower percentage of available supply that miners can sell may cause the price to rise further over time.
The Ned Davis Research Center has a set of rules for successful investing. Among them is "don't fight the Fed." The recent macro environment in the markets has been cruel to risky assets like cryptocurrencies, making it even harder for Litecoin to regain its strength.
The risk of a possible recession has caused panic in the investor community and top analysts all fear the worst. The fear-ridden macro environment has caused Litecoin to collapse by as much as 90%. At the same time, this means Litecoin is ripe for new opportunities for investors who missed out on the early cryptocurrency rallies.
Litecoin Past Performance: A Complete Price History Of LTCUSD
Like all other cryptocurrencies, Litecoin experiences high volatility compared to other asset classes such as stocks, commodities or currencies. You can take advantage of these price fluctuations by trading.
Although Litecoin's price history began in late 2011, the coin was almost worthless. The earliest price action began to appear in 2013. In late 2013, Litecoin surged more than 3,000% just before the crypto market peaked and experienced its longest bear market ever from 2014 to 2015. From a high of around $56 in late 2013, Litecoin has plummeted to $1.
In 2016, the coin traded mostly sideways until the first quarter of 2017 when the crypto market went into an explosive rally and the first big alt season occurred. Altcoins overtook BTC in all areas just as Bitcoin began to peak. Litecoin was among the group and peaked before BTC.
Once again, cryptocurrencies have fallen into a painful bear market, with Litecoin crashing from $360 to around $23 for LTC. Litecoin's halving in 2019 kicked off a short-lived rally in crypto, which saw Litecoin rally 500% before bottoming out again in the bear market at $24 USD per coin.
In the 2020-2021 period, when the crypto market was bullish, Litecoin underperformed the rest of the market and fell out of the top ten cryptocurrencies by market capitalization. Litecoin still managed to achieve returns of as much as 1,500% from the lows established on Black Thursday in 2020 to the highs in 2021.
How Is Litecoin Doing Now?
2022 started off with a lower high in Litecoin, but a higher high in Bitcoin, bringing mass confusion to the crypto market. The Federal Reserve raising interest rates and starting quantitative tightening led to sell-offs in risky assets like cryptocurrencies. Litecoin got caught in the storm and plunged back to around $42 for LTC. The 90% collapse has seen prices fall below the highs established in 2013, creating another potential buying opportunity for crypto investors who missed Litecoin on the way up.
According to the Relative Strength Index, Litecoin may have seen its bottom after reaching historic oversold levels on weekly time frames. A strategy using the RSI would involve triggering a buy signal once the indicator recovers the lower threshold of the gauge at a reading of 30. In all other instances where the weekly RSI behaved in this manner, a long-term Litecoin bottom was in, and an explosive rally has ensued.
Past rallies that have resulted from such a low weekly RSI reading have yielded returns of over 30,000% and 1,700% respectively. What return on investment will Litecoin's next rally bring? Keep reading for a series of Litecoin price predictions that will help you get the answer.
Short-Term Litecoin Price Prediction 2022
Litecoin has struggled throughout 2022 thus far, but the worst could be over. The below chart displays automated Litecoin price predictions month-by-month for 2022.
Long-Term Litecoin Price Prediction 2023, 2024, & 2025
Litecoin at this point could have a resurgence and crypto could return to growth. The below chart displays automated Litecoin price predictions quarter-by-quarter for 2023, 2024, & 2025.
Long-Term Litecoin Price Prediction 2026 - 2030
The future is bright for cryptocurrencies and in another five to ten years, anything is possible for Litecoin and other altcoins. The below chart displays automated Litecoin price predictions year-by-year for the years 2026, 2027, 2028, 2029, & 2030.
Long-Term LTC Price Predictions From Experts
Litecoin price predictions are a prominent discussion point across top media outlets, leading industry experts, technical analysts, and many others. The below aggregation of Litecoin price predictions from other experts will help provide a wider range of opinions to consider.
Price prediction experts at Changelly see a bright future for Litecoin, expecting a peak by 2030 of around $1,933.41 for LTC. The minimum price they expect is "at least $1,572.50" according to their long-term Litecoin price forecasts. Changelly's short-term forecasts are not as positive, with the company only predicting a peak of $295 for LTC per 2025. That number is well below its previous all-time high, but anything is possible in the volatile world of cryptocurrencies.
Ouch. Coinpedia pros see a bleak near future for Litecoin. According to Coinpedia's Litecoin price prediction report, the cryptocurrency expects a maximum peak of $326 USD per coin in 2025 and a minimum of $167 USD.
The five-year maximum forecast for Litecoin presented by WalletInvestor suggests an LTC maximum of just $148 per coin, or significantly lower than previous all-time highs. This would result in no growth for Litecoin for several years and is among the most negative price forecasts available today.
CoinPriceForecast continues the downward trend in Litecoin price predictions, giving the cryptocurrency a range of $218.90 to $352.00 between 2029 and 2033. This means that very little Litecoin adoption will take place between now and the next decade.
Trader’s Union expects Litecoin price to reach somewhere between $1,090 and $1,226 by early 2030. This represents more than a 20x return from prices around $50 per LTC.
LTC Price Prediction By Margex Technical Analysts
The Margex platform provides all the tools necessary to perform detailed technical analysis and potentially predict future market outcomes. Using the same tools featured by Margex, a team of expert analysts have provided some Litecoin forecasts of their own. Please note, this is not investment advice and price predictions are subject to change. Always do your own research and never invest more than you can comfortably afford to lose.
Over the years, Litecoin began to form a parallel channel, where price travels along the channel making peaks and troughs at the upper and lower trend lines. Mid-term peaks appear each time price action approaches the median. The 2021 Litecoin peak and resulting lower high both found resistance at this upward traveling median.
However, the image also shows that Litecoin has not touched the lower boundary at any point during the last bear market - so far. Now that the lower boundary has been touched, and with the RSI rising from oversold conditions, if Litecoin manages to spark another rally like this in 2017, the LTC price could rise above the median and go from $1,000 for LTC to $4,500 for the coin.
Several years of bearish sentiment in Litecoin could provide the potential for a powerful short squeeze. If buyers also start getting on board, there could be an explosive move from one side of the channel to the other.
Litecoin is a breakthrough payment technology and early cryptocurrency based on the Bitcoin core code. Because Litecoin has many similarities with Bitcoin, yet hasn’t performed as well in recent years, many questions about the future of LTC remain.
This FAQ is designed to answer commonly asked questions related to Litecoin price predictions.
Will Litecoin go up in 2022?
The consensus among experts is that after such a strong consistent selloff in Litecoin and other cryptocurrencies, LTC is expected to rise into a new uptrend. Litecoin and other cryptocurrencies continue to correlate with the stock market, so a rally might not form until the stock market recovers. Refer to the many Litecoin price predictions above for direct answers related to the year 2022.
What was Litecoin’s all-time high?
It depends on where you look, but most exchanges have Litecoin’s all-time high at above $400 in 2023. According to the expert predictions above, Litecoin could set a new all-time high in the coming years.
Is Litecoin worth investing in 2022?
Given the impressive Litecoin forecast ahead, investing in Litecoin this year could prove to be very profitable. Litecoin recently experienced a 90% drawdown. In the past, such events were in hindsight a long term bottom and an incredible investment opportunity. Litecoin currently presents a high reward, low risk setup for those who missed the crypto rally the first time around.
What will Litecoin be worth in 2025?
Litecoin could be worth considering the parallel price channel anywhere from $150 per LTC to nearly $10,000 per coin. There is no guarantee that Litecoin ever returns to the upper boundary of the well-defined price channel. Refer to the many Litecoin price predictions above for direct answers related to the year 2025.
What will be the value of Litecoin in 2030?
Anything is possible with such a long horizon. There are eight whole years until 2030. In its first eight years on the market, Litecoin has risen from $1 per LTC to over $360 per coin, representing a return on investment of over 30,000%. Even with the law of diminishing returns in effect, Litecoin could theoretically experience another massive rally over the same time period. For direct answers related to 2030, refer to the many Litecoin price predictions above.
Will Litecoin be the next Bitcoin?
Litecoin will never be "the next Bitcoin". However, Litecoin is built using modified Bitcoin code and has many similarities to the top cryptocurrency. Litecoin is often thought of as the silver to Bitcoin as digital gold. Both have a scarce supply and a model of semi-partiality that reduces the block reward miners receive over time. Litecoin is four times faster to transact than Bitcoin and has four times the coin supply.
Can Litecoin overtake Bitcoin?
Anything is possible, so never say "never" regarding Litecoin overtaking Bitcoin. However, this is highly unlikely for many reasons, not least the fact that Bitcoin had a head start and much wider distribution. Billions of dollars of capital would have to go into Litecoin for it to have a chance of displacing Bitcoin. There is also a difference between Litecoin overtaking Bitcoin in price and its rank in market capitalisation. Since Litecoin has a supply of 84 million LTC versus a supply of 21 million BTC, the price of LTC is unlikely to ever surpass BTC in price per coin basis..
What is the Mimblewimble upgrade?
The Mimblewimble update is finally live on Litecoin and enables anonymous privacy protection on the popular altcoin. It also includes other improvements to the Litecoin network, such as reducing transaction overloads. The increase in privacy protection has led some exchanges in Asia to delist Litecoin.