Litecoin is one of the oldest and primitive cryptocurrency after Bitcoin which was founded way back in 2011. The cryptocurrency which was a tough competitor to Bitcoin always secured its place within the top 10 cryptocurrency list according to market cap.
Interestingly, the founder of Litecoin, announced the project on a popular Bitcoin forum and termed as a ‘Lite version of bitcoin’. And hence share similar features as the most dominant crypto.
Do you want to be a LTC holder? If yes, are you sceptical about the future prospects or price movements?
Then you have landed at the right place, as by the end of this composition, one can look at the required LTC volume in his wallet.
|Market cap||$ 0.0000|
|Circulating Supply||$ 0.0000|
|Trading Volume||$ 6,496,165,442.0000|
|All time high||$ 0.0000 January 1, 1970|
|All time low||$ 0.0000 January 1, 1970|
Fundamental Analysis Of Litecoin
Litecoin is a peer-to-peer cryptocurrency developed by Charlie Lee, a former Google employee, in 2011. 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.
LTC is one of the most popular and grounded cryptocurrencies in the world, being in existence for seven years since 2011. It is more accessible to the people than Bitcoin, hence known as the “silver” of the crypto world and Bitcoin referred to as “gold” of the crypto world.
Litecoin Price Prediction 2021
With a trading value of $132.32, Litecoin resumed the year 2021. On a bullish note, the coin dramatically started to escalate. By the mid of February, the price surpassed $200 and further keeping the uptrend intact, the price reached the yearly highs at $335.
LTC could hit newer heights by enrichment of its platform with certain integrations and collaborations. The currency might smash the precious ATH at $375 and keep surging and may surpass $500 by the end of 2021.
Litecoin Price Prediction 2022
Litecoin might commence the year 2022 with a trading cost of $365 to $450. LTC anticipated plunging further if the bears acquired the market for a longer period. The community might focus on the up-gradation of its platform and the currency might intensify. Litecoin is expected to hit as high as $600 at the end of 2022. Or if the bears outpower the market, then the price may slash below $500 or even below $450.
Price Prediction For Next 5 Years
In the next 5 years, Litecoin could be in the top 5 cryptocurrencies list, and it might be a highly accepted cryptocurrency in digital payments. LTC could escalate if the crypto influencers have a positive outlook on the currency as well as its performance. By the end of 5 years, the highest Litecoin’s price could be $800.
Litecoin Market Prediction
1) Trading Beasts
According to TradingBeasts, by the end of 2021, LTC could trade around $290 with a consistent increase in the price. The price is anticipated to reach $489 at the end of 2024.
According to LongForecast, Litecoin will trade in between $565 to $724 by the end of 2021 and experience a plunge in 2022. The price is expected to decline and maintain a narrow trend until the end of 2025.
According to DigitalCoinPrice, Litecoin could trade around $378.27 by the end of 2021. Further the price may trade around $466 in 2022 and $534.68 by 2023. However by the end of 2025 the price may hit highs at $777.34.
Primexbt predicts the price to hit $600 or more by the end of 2021 and witness a plunge after smashing highs at $2000, straight to $200 in 2022-23. Yet the platform believes the price has a potential high around $10000 by 2024-25.
Our Litecoin Predictions
With a trading value of $132.32, Litecoin entered the year 2021. Later, the price consistently started to soar with certain variations. Several recognized institutions could invest in Litecoin and accept LTC as a payment. The price may further surge with the bull’s acquaintances. At the end of 2021, the highest Litecoin’s price is anticipated to be $550 or even more.
Historical Market Sentiments
The coin was launched on October 11. Initially, its price was very low, about $3 for quite a long time. Only in November 2013, the price had a significant price movement. LTC jumped three times higher and hit $40 within a few days.
However, in May 2014 Litecoin dropped to $10 and then in October to $3 per coin. Then the crypto was traded between $1 and $4 for three years, until 2017.
In March 2017 Litcoin announced the launch date of their SegWit protocol which affected the rate and the coin achieved $16. Then in May LTC launched the protocol which pushed the price to $30. Also, the dev team implemented Lighting Network which attracted more attention to the coin.
Later LTC achieved $70 in September and then went back to $40. However, the whole market was bullish and Bitcoin set new price records. So in December 2017, Litecoin reached $100 per coin. Dramatically the price reached the $330 mark and further plunged to $250.19 by the end of December 2017.
In 2018, the LTC price chart demonstrated a descending trend. LTC started the trade at $244.09 by early January. Further, the price plunged to reach the low of $116.46 during April. Later in the mid of December, LTC shockingly dropped to $24.50 with the bear’s acquaintances. 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 by 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. The price again started to slide further. At the end of December 2019, LTC was trading at $42.23.
Overall, the Litecoin price in 2020 has been somewhat stagnant. It started the year at $41.67, and though it practically doubled in price and surged above $80 in February, The heat started to exit the market quickly and LTC was not immune from the mid-March crypto flash crash due to the Covid-19 outbreak.
In the first month of the second quarter, LTC started to trade at $39.84. Later, the price steadily started to improve. With certain price swings, LTC reached $66.65 by mid-August and plunged further. On a bearish note, the price progressively started to pour. With the expansion of Bitcoin’s price rally, LTC was trading around $87 by the end of November. Following the price surge, LTC ended the year 2020 at the trading price of $128.
Yes, Litecoin might be a good investment if you are thinking of investing for a long-term.
Yes, Litecoin might definitely break its previous price records as it is anticipated to rise.
In future, Litecoin might trade around $690.
Litecoin can be traded at exchanges like Binance, Bitrue, Coinbase Pro, OKEx, HitBTC and many more.
Yes, Litecoin can be halved, and in 2019 the community completed its halving procedure. The next LTC halving event can take place in 2023.