LTC Price Prediction 2023, 2024, 2025: How Will The Upcoming Litecoin Halving Impact Its Price?
The post LTC Price Prediction 2023, 2024, 2025: How Will The Upcoming Litecoin Halving Impact Its Price? appeared first on Coinpedia Fintech News
Story Highlights
- LTC price could possibly reach a maximum of $122.874 by the end of 2023.
- Litecoin price with a potential surge could reach a maximum of $497.748 by the end of 2030.
- Litecoin price today is $ 94.6297
Litecoin network, one of the oldest and most primitive cryptocurrencies following Bitcoin,
Despite being called the ‘Lite version of Bitcoin,’ LTC price failed to grab the market participants’ attention and continues to trade within narrow ranges.
Meanwhile, a few recent surges the crypto recorded have intensified its market presence. Moreover, the popular asset is expecting to kick-start a bull run soon. Around 60 days remain before the Litecoin Halving event.
Is Litecoin a good investment?
Will Litecoin’s price ever reach $1,000 in the coming years? Let’s check it out with the latest Litecoin (LTC) price predictions for 2023 – 2025 and the years to come!
Notably, over the past 24 hours, LTC witnessed a 2.52% change, hitting a peak of $ 95.9800 and a low of $ 91.8800
CoinPedia has dedicated a team of expert analysts to cover the possible crypto price prediction and sum it all up in one place, just for you!
Table of contents
- Story Highlights
- Overview
- Litecoin Price Prediction 2023 – 2030
- What Is Litecoin?
- LTC Crypto Price Prediction 2023
- Litecoin Price Prediction 2024
- LTC Price Prediction 2025
- CoinPedia’s Litecoin Price Prediction
- Litecoin Market Analysis
- Fundamental Analysis
- Litecoin Historical Market Sentiments 2013 – 2022
- FAQs
It is essential to have a clear picture of the top gainers and losers of the market.
Here is the live update of the top gainers of the market.
Market Top Gainer
Here is the live update of the top losers of the market.
Market Top Losers
Here is the LTC Price Chart, which you can rely on to identify any fluctuation.
Overview
| Cryptocurrency | Litecoin |
| Token | LTC |
| Price | $ 94.6297 2.52% |
| Market cap | $ 6,913,152,621.9562 |
| Circulating Supply | 73,054,814.2274 |
| Trading Volume | $ 884,253,072.0303 |
| All-time high | - |
| All-time low | - |
| 24 High | $ 95.9800 |
| 24 Low | $ 91.8800 |
At this juncture, it is good to know an interesting fact: the all-time high of Litecoin is $412.96, and the low is $1.11.
Now, you have a primary picture of the actual pulse of LTC, so let us continue our little journey together and try to understand Litecoin’s price volatility.
Litecoin Price Prediction 2023 – 2030
Will Litecoin go up in the coming days?
Litecoin’s (LTC) price for 2023 could range from $82.571 to $122.874.
What Is Litecoin?
Sharing similarities with Bitcoin, the key difference is it works on a Proof-of-Work (PoW) consensus mechanism. The Platform involves complex computational algorithms to mine blocks.
If you know about the Proof-of-Work mechanism, congratulations, as you are well aware of the crypto industry, but if you are unaware of it, worry not, as our team has already covered the article wherein we will provide you with the complete guide on the working of Proof-of-Work (PoW) mechanism.
That is fastened to the network’s blockchain, which is a public ledger. The Platform uses the Scrypt protocol for mining, which helps maintain extra decentralization.
Also, powering confidential Litecoin transactions, the network proved that every participant could exchange currencies with zero cost. Every transaction made by the Litecoin users remains irreversible and gets stored there forever. Like conventional blockchain technology, nobody has edit access to the data/transaction on the Litecoin blockchain.
Also, the network has a trace print in rare conditions where currencies may be looted, making identifying the hacked coins easy. LTC is the network’s native currency and provides miners rewards or incentives. Outside the frame, Litecoin acts as a medium of exchange and is proving to be a stable and inexpensive asset.
LTC Crypto Price Prediction 2023
Litecoin is said to be a future that anyone, anywhere, can use without permission to transact with anyone else. They can also participate in the global economy with the help of this crypto. The year 2023 is crucial for Litecoin, as the next LTC halving event is ready to take place this year.
Provided things go as planned, with newer adoptions and collaborations, the Litecoin price could shoot to $122.874.
However, the network needs to stand up to the expectations of the fraternity to avoid the price dropping to $82.571.
Consequently, constrained by a linear outlook, the LTC price might land at $100.654.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2023 | 82.571 | 100.654 | 122.874 |
Litecoin Price Prediction 2024
Suppose the team behind Litecoin rolls out major developmental upgrades such as that of MWEB. The protocol would find more buyers and adopters. In such a case, the price of LTC might hit its potential high of $157.541.
Conversely, an ebbing stance and stiffer competition might leave the price at $127.879.
Successively, the regular price might find its base at $141.959.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2024 | 127.879 | 141.959 | 157.541 |
LTC Price Prediction 2025
Its current price range can attract many traders, as it is feasible compared to Bitcoin in all possible aspects. Further, if the network succeeds in lowering the block time, it can even move heads on with Bitcoin.
Therefore, with significant collaborations with financial institutions, Litecoin price prediction in 2025 can soar up to $214.815 if the conditions are met.
However, anxiety regarding newer regulations continues to persist among LTC users. If the market experiences a similar crash in the coming years, Litecoin’s price can significantly drop to $179.277.
But they are considering that long-term investors will stick to the currency. The average price at which LTC might trade by the end of the next three years is $196.247.
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2025 | 179.277 | 196.247 | 214.815 |
LTC Price Prediction 2026 – 2030
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| 2026 | 236.809 | 252.268 | 267.138 |
| 2027 | 285.074 | 301.165 | 313.819 |
| 2028 | 323.659 | 348.877 | 372.114 |
| 2029 | 369.869 | 397.742 | 425.659 |
| 2030 | 427.134 | 462.435 | 497.748 |
Litecoin Forecast 2026: LTC price could range from $236.809 to $267.138 with an average of $252.268.
LTC Price Prediction 2027: Litecoin price could range from $285.074 to $313.819 with an average of $301.165.
Litecoin Prediction 2028: LTC price could range from $323.869 to $372.114 with an average of $348.877.
LTC Predictions 2029: Litecoin price could range from $369.869 to $425.659 with an average of $397.742.
Litecoin Price Prediction 2030: LTC price could range from $427.134 to $497.748 with an average of $462.435.
CoinPedia’s Litecoin Price Prediction
According to CoinPedia’s formulated Litecoin price prediction, several recognized institutions could invest and accept LTC as a payment. It is possible because LTC lowers transaction speeds and costs, which seems appealing.
Suppose Litecoin gains some hype in the coming months. The LTC price can strike above $122.874 in 2023, but with a rising bearish influence, Litecoin can drop to $82.571 by the end of 2023.
Litecoin Market Analysis
| Firm Name | 2023 | 2024 | 2025 |
| Wallet Investor | $108.176 | $104.318 | $105.068 |
| DigitalCoinPrice | $189.20 | $258.21 | $335.81 |
| Gov.Capital | $208.67 | $354.127 | $540.858 |
| Trading Beasts | $72.889 | $102.988 | $131.67 |
*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.
litecoin
- Cryptocurrencies
Litecoin is a P2P digital currency that was designed to provide fast, secure, and near-zero-cost payments. The platform was founded by a former Google employee, Charlie Lee. Litecoin was released through an open-source client in 2011. It is an open-source, decentralized network that was created on the basis of Bitcoin. However, Litecoin distinguishes itself with its hashing algorithm, hard cap, and transaction times, amongst others. Litecoin employs the Proof-of-Work (PoW) consensus mechanism to confirm faster and error-free transactions. The protocol makes use of strong cryptographic defenses to secure the network. The collective efforts of the Litecoin mining network ensure 100% uptime whilst preventing double-spends and external attacks.
Fundamental Analysis
Litecoin is a peer-to-peer (P2P) cryptocurrency developed in 2011, by Charlie Lee, a former google employee. The cryptocurrency was created based on the Bitcoin protocol. But it differs in terms of the hashing algorithm used, hard cap, block transaction times, and a few other factors. Litecoin was released via an open-source client on GitHub in the year 2011.
What is peer-to-peer (P2P) network? Curious to learn more about this interesting technology? Click on the link to learn more about the Peer-to-Peer (P2P) Network.
The Platform is more accessible to people than Bitcoin. Hence known as the “silver” of the crypto world whereas Bitcoin is referred to as the “gold” of the crypto world. It makes micro-transactions possibly quick and has a block time of just 2.5 minutes. Note that Bitcoin has a block time of 10 minutes.
Litecoin has had multiple partnerships on board over the years, aiming for the expansion and utility of its digital currency. Some of the notable collaborations are with UFC Octagon, in 2018, Miami Dolphins(NFL, USA), and NordVPN. Lately, Litecoin also partnered with Cred, a prominent crypto borrow and lending platform.
The network hit another milestone when Venmo, the second most famous US financial app launched Litecoin on its platform.
Litecoin Historical Market Sentiments 2013 – 2022
- The coin was launched on October 11th. Initially, its price was very low, at about $3 for quite a long time. Only in November, the price had a significant price movement. LTC jumped three times higher and hit $40 within a few days.
- However, in May Litecoin dropped to $10 and then in October to $3 per coin. Then the crypto was seen trading between $1 and $4 for three years, until 2017.
- The announcement of the SegWit protocol in March pushed the price to $16. Then in May LTC launched the protocol which pushed the price to $30. The bullish trends helped LTC close the year at $250.19.
- Litecoin price started the trade at $244.09 by early January but plunged to reach the low of $116.46 in April. LTC shockingly dropped to $24.50. Further, the price started to pour and managed to reach $28.74 at the end of 2018.
- In 2019 Litcoin continued its price growth by trading at $31.94 in early January. Surprisingly, the price followed an upward movement to reach $141.38 by the end of June as Bitcoin’s price hit $12,000.
- It started the year at $41.67 and doubled to over $80 in February. The heat started to exit the market quickly and LTC was not immune from the mid-March crypto flash crash.
- Following the expansion of Bitcoin’s price rally, LTC was trading around $87 by the end of November.
- By the mid of February 2021, the price surpassed $200, and further reached the yearly highs at $335. Following the May 19th market crash, LTC price plunged heavily and hit $107.46 on July 20th.
- The asset reached a peak of $278.01 in the second supercycle yet failed to hold the above resistance. That said, the annual trade for 2021, was closed with a price tag of $153.3.
FAQs
Yes, Litecoin can be a good investment option, if you are considering it for the long term.
The LTC price could possibly reach its maximum of $122.874, by the end of 2023.
Yes, Litecoin can be halved, it was in 2019 when it had completed the halving procedure. The next LTC halving event can take place in 2023.
Litecoin price could hit its average price of $196.247, by the end of 2025. With a potential surge the LTC price may go as high as $497.748 by the end of 2030.
Though Litecoin price is often compared to Bitcoin, in technical terms Litecoin has faster transaction times and lower fees to buy and sell LTC, which can make LTC price better investment in 2023.
Litecoin can be traded across exchanges like Binance, Bitrue, Coinbase Pro, OKEx, and HitBTC, amongst others.
At the time of publishing, the price of 1 LTC was $95.03.
LTC
BINANCE
Read more: https://coinpedia.org/price-prediction/ltc-litecoin-price-prediction/
Text source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
