Key Takeaways
- Litecoin’s (LTC) price prediction for 2024 could hit $115, as cryptodonalt on X also makes a bold prediction of $120.
- Litecoin (LTC) failed to meet many people’s expectations after its halving, as the price struggled to break $100. Could this time be different?
- Crypto experts support LTC tokens and believe the bull market could boost their price to a high of $800 and possibly $1,000 before 2030.
| Token Name | Litecoin (LTC) |
| Current Price | $96 |
| Market Capitalization | $7.28B |
| Total Circulating Supply | 75.2B LTC |
| Daily Support | $82 |
| Weekly Support | $74-$66 |
| Daily Resistance | $115 |
| Weekly Resistance | $115 and $133 |
| 30 Days Performance | 37% |
Market Sentiment – Bullish
Technical Analysis – Bullish
AI/ML algorithm Prediction – 2025 LTC will be worth $500 and in 2030 LTC will be worth $1,000
What Is Litecoin?
Litecoin (LTC) is one of the largest cryptocurrencies in the world. It was launched in 2011 and was one of the first altcoins to be released to the market. It was created by Charlie Lee, an ex-Google programmer who wanted to offer a cheaper and faster way to send and receive virtual currencies.
Litecoin is considered to be silver compared to Bitcoin’s gold. The main reason behind this nickname is that LTC transfers are faster and cheaper than BTC transfers. Additionally, LTC is very similar to Bitcoin but easier to use.
This virtual currency network works as a testing chain or Bitcoin. In the past, Litecoin has implemented several upgrades that were later tested on Bitcoin. In this way, LTC can provide a better idea to Bitcoin developers, which could be the effect of some of the implementations or improvements they are trying to work on.
In the future, Litecoin could have privacy features. This could be achieved thanks to the implementation of MimbleWible, which could be released soon and transform Litecoin into the largest privacy-focused virtual currency in the world. We will talk more about this implementation in the next sections.
Finally, Litecoin has a large market penetration. It is accepted in most exchanges worldwide, can be traded against different virtual currencies, and is also accepted in thousands of shops and stores worldwide. Indeed, Litecoin is the second-most popular digital asset in cryptocurrency ATMs worldwide after Bitcoin.
Lately, however, LTC has been demonstrating strong price action as it has failed to rally above $115 after halving, but the price could perform now that the market is looking more promising.
In this piece, we will review a few expert predictions, news events, and chart analyses to see why 2020 seems promising for LTC.
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Litecoin Price Prediction – What Experts Believe About the Litecoin Price?
Litecoin is the 23rd largest digital currency in the market with a market cap of over $7.2 billion. The coin was created in 2011 and was built on the same blockchain as BTC. Additionally, LTC can be used to make payments.
The biggest advantage of LTC over BTC is speed. It is referred to as “Lite” because it’s four times faster than BTC.
Crypto price prediction isn’t that easy, given the volatile nature of the market. However, this doesn’t stop people from trying to predict what the price will be using different metrics.
According to the technical analysis done by TradingBeasts, they see the coin in two or three years, as a good investment that will bear handsome returns.
Crypto prediction website Coin Price believes with the bull market almost here for all cryptocurrencies, LTC could double its price in the next couple of years.
The positive prediction is supported by DigitalCoinPrice, which sees LTC trading at around $106 by the end of this year.
Not everyone is very optimistic about the price of LTC as Wallet Investor sees a reverse in fortunes for LTC. They predict the coin would end the year at $120, which would mean a slight gain of more than 20% on its current price.
George Tung, LTC prediction of $1500 was backed by John McAfee, who stated that the coin could rise more than expected in the coming bull market.
Additionally, technical analysis has captured several opportunities wherein Litecoin price could be among the top gainers by the end of 2025. Other charts show LTC price gains expected to spread over to 2030 and beyond.
Litecoin (LTC) Price Prediction For 2024, 2025, 2027-2030
Source – LTC 1W Price Chart from TradingView
Litecoin’s (LTC) price action looks good on a higher timeframe, as the price of LTC has demonstrated bullish control in the past few weeks. While LTC continues to trade above the 50-day blue and 200-day red EMAs (Exponential Moving Averages), it needs to break above $115, which acts as key resistance for the price.
A break and close above $115 could see LTC trade above its two-year high, and bulls could target pushing the price of LTC to a high of $300 in 2025.
In the short term, before the year 2024 ends, LTC bulls could attempt to break the key resistance of $115.
Long-term LTC Price Prediction for 2025-203
| Year | Average Price | Lowest Price | Highest Price |
| 2025 | $122.5 | $95 | $150 |
| 2026 | $158.5 | $142 | $175 |
| 2027 | $220 | $195 | $245 |
| 2028 | $157 | $132 | $185 |
| 2029 | $317.5 | $275 | $360 |
| 2030 | $685 | $550 | $820 |
Do your due diligence before investing in cryptocurrency assets, and do not invest more than you can afford to lose due to the high price impact of cryptocurrencies.
Frequently Asked Questions (FAQ)
Who Created Litecoin?
Former Google engineer Charlie Lee created Litecoin. However, he sold and donated all his holdings in 2017 to avoid conflict of interest as he led the platform.
When Was Litecoin Launched?
Litecoin was launched in October 2011 under the MIT/X11 license as an early Bitcoin spinoff. However, it decreased the block generation time to 2.5 minutes and increased the number of coins on the network to 84,000,000. It also uses a different hashing algorithm and script, whereas Bitcoin uses SHA-256.
Is Litecoin Decentralized?
Like Bitcoin, Litecoin is fully decentralized with no single point of authority.
Is Litecoin a Good Investment?
We believe LTC is still a good investment. In the short term, we don’t see the token losing its value. As cryptocurrencies gain popularity, we can expect its price to rise.
Will Litecoin go up?
Our analysis shows that the price of LTC will go up soon based on technical fundamentals and the many positive developments going around the Litecoin platform.
Where to buy Litecoin?
Buy Litecoin using a credit or debit card on Coinbase, BitPanda, Coinmama, and CEX.io. You can also buy LTC using a bank account or transfer using Coinbase, BitPanda, and CEX.io.
On Coinbase, Americans can use ACH transfer with a 5- 7 day wait, while Europeans can use SEPA with a 1- 3 day wait.
Also, you can buy LTC using Skrill, as BitPanda accepts Skrill payments.
Is Litecoin Dead?
No, Litecoin is very alive and kicking. This article shows that the project is busy signing new partnerships and working on further improvements. However, many projects have been stopped in recent years. To remain an active project, Litecoin should focus on new developments and solutions.
