intermediate
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 2021-2030 and decide whether LTC is worth investing in or not.
LTC Overview: How Does It Work?
Litecoin is one of the most notable cryptocurrencies on the market. Being one of the first forks of Bitcoin, the LTC network is based on the BTC’s protocol. Litecoin (LTC) is a decentralized peer-to-peer cryptocurrency, created by the former Google engineer Charles Lee in 2011. The LTC network was designed to solve its elder brother’s network problems, such as scalability and high commission fees for each financial transaction made in the blockchain.
Being a fork of Bitcoin, the Litecoin cryptocurrency has many characteristics identical to the first digital asset’s ecosystem: anonymity, decentralization, and open-source code on GitHub.
In 2016, Litecoin became the second major cryptocurrency, overtaking all existing altcoins at that time. Charles Lee’s aim was not just to preserve but strengthen Litecoin’s advantages as a peer-to-peer monetary unit.
Yet, the developers of Litecoin have never claimed to compete with the #1 cryptocurrency.
On the contrary, they believe that Bitcoin will serve as the fundamental digital coin. Litecoin will modestly take the place of its useful supplement.
Today, Litecoin is a popular choice for international transactions due to its blockchain’s low transaction fees and high transaction speed.
Below, you can find a video review of the Litecoin cryptocurrency and its native token, LTC.
Litecoin Technical Analysis
Now, let’s take a look at the traders’ and crypto enthusiasts’ opinions about the future Litecoin trading opportunities. The data is provided by the crypto analytical source TradingView.
LTC market projection analysis by TradingView; the screenshot was taken in November 2021.
If you are looking for a place to buy some LTC coins, the best choice is an instant crypto exchange Changelly. Here, you can easily get Litecoin or any other of 200+ digital assets available at Changelly. Moreover, our users can buy and sell digital coins with a credit or debit card in just a few clicks.
Differences Between BTC and LTC
The Litecoin network duplicates many advantages of Bitcoin, such as decentralization and anonymity: all network participants are equal, and transactions are carried out between users whose personal data is hidden.
However, Litecoin has some core characteristics that differentiate it from the first crypto asset. A new block of 25 Litecoins can be created in 2.5 minutes, while it takes around 10 minutes to create a Bitcoin block. The Litecoin network can process more transactions than Bitcoin: blocks are generated much more frequently. Therefore, more transactions pass through the network.
Unlike Bitcoin, which uses SHA-256 to hash information in blocks, Litecoin uses another encryption algorithm — Scrypt. Its key difference from the former one is that it is not so demanding on the speed of the computing device as it is on RAM. The mining algorithm Scrypt is the basis for the following cryptocurrencies: Dogecoin (DOGE), Redcoin (RED), Viacoin (VIA), Syscoin (SYS).
Litecoin Price Predictions by Experts
The Litecoin cryptocurrency has high prospects for further value growth. The technical analysis of the Litecoin chart and the forecasts of many experts suggest a constant increase in the value of this cryptocurrency in the coming years.
According to experts, in the next 3-5 years, the coin will show a significant increase in the exchange rate. Below you can find the best 2022-2025 LTC market forecasts made by the large and trusted crypto analytical sources.
The more optimistic forecast comes from PrimeXBT, which claims that Litecoin would potentially reach $10,000 in 2025.
The crypto experts from the Digital Coin Price source believe that by 2022, the LTC cryptocurrency exchange rate can gradually increase. By the middle of 2022, Litecoin’s price may touch a level of $300.
Experts of the CRPG portal declare the start of Litecoin’s growth in December 2021. According to their forecast, by 2025, the value of the cryptocurrency might be $1,200.
WalletInvestor’s algorithms predict the rapid growth of the Litecoin rate. The maximum price by the end of 2021 can reach the level of $240-$260. On average, the Litecoin rate may change from $210 to $380 throughout the year 2022.
Coin Price Forecast predicts the ultimate boost in Litecoin’s future price. According to the source, the price per coin may rise to $450-$500 by 2023.
Litecoin Long-term Price Forecast
All the Litecoin (LTC) price predictions below are based on the data provided by trusted crypto analytical sources.
It is expected that the minimum Litecoin cost can be around $343.71 in 2022. The forecasted LTC’s high in 2024 may be around $1024.05, and the low may be $798.33.
Litecoin Price Pr
If you are looking for a place to buy some LTC coins, the best choice is an instant crypto exchange Changelly. Here, you can easily get Litecoin or any other of 200+ digital assets available at Changelly. Moreover, our users can buy and sell digital coins with a credit or debit card in just a few clicks.
Differences Between BTC and LTC
The Litecoin network duplicates many advantages of Bitcoin, such as decentralization and anonymity: all network participants are equal, and transactions are carried out between users whose personal data is hidden.
However, Litecoin has some core characteristics that differentiate it from the first crypto asset. A new block of 25 Litecoins can be created in 2.5 minutes, while it takes around 10 minutes to create a Bitcoin block. The Litecoin network can process more transactions than Bitcoin: blocks are generated much more frequently. Therefore, more transactions pass through the network.
Unlike Bitcoin, which uses SHA-256 to hash information in blocks, Litecoin uses another encryption algorithm — Scrypt. Its key difference from the former one is that it is not so demanding on the speed of the computing device as it is on RAM. The mining algorithm Scrypt is the basis for the following cryptocurrencies: Dogecoin (DOGE), Redcoin (RED), Viacoin (VIA), Syscoin (SYS).
Litecoin Price Predictions by Experts
The Litecoin cryptocurrency has high prospects for further value growth. The technical analysis of the Litecoin chart and the forecasts of many experts suggest a constant increase in the value of this cryptocurrency in the coming years.
According to experts, in the next 3-5 years, the coin will show a significant increase in the exchange rate. Below you can find the best 2022-2025 LTC market forecasts made by the large and trusted crypto analytical sources.
The more optimistic forecast comes from PrimeXBT, which claims that Litecoin would potentially reach $10,000 in 2025.
The crypto experts from the Digital Coin Price source believe that by 2022, the LTC cryptocurrency exchange rate can gradually increase. By the middle of 2022, Litecoin’s price may touch a level of $300.
Experts of the CRPG portal declare the start of Litecoin’s growth in December 2021. According to their forecast, by 2025, the value of the cryptocurrency might be $1,200.
WalletInvestor’s algorithms predict the rapid growth of the Litecoin rate. The maximum price by the end of 2021 can reach the level of $240-$260. On average, the Litecoin rate may change from $210 to $380 throughout the year 2022.
Coin Price Forecast predicts the ultimate boost in Litecoin’s future price. According to the source, the price per coin may rise to $450-$500 by 2023.
Litecoin Long-term Price Forecast
All the Litecoin (LTC) price predictions below are based on the data provided by trusted crypto analytical sources.
It is expected that the minimum Litecoin cost can be around $343.71 in 2022. The forecasted LTC’s high in 2024 may be around $1024.05, and the low may be $798.33.
Litecoin Price Prediction by the End of 2021
Litecoin Forecast for December 2021
The Litecoin rate is expected to be around the $250 level at the end of December 2021. The average LTC trading rate for December can be around $246.96, while the maximum value is expected at $282.64 per coin, and the minimum may be around $224.
Litecoin Price Prediction 2022
Litecoin is projected to rise to $300 in early 2022. In the first half of 2022, the LTC rate may grow approximately to $350. The cost of one LTC coin may be around $377 by the end of the year.
Litecoin Price Prediction 2023
Experts suggest that LTC’s highest exchange rate may reach $627.81 by the end of 2023.
Litecoin Price Prediction 2024
Litecoin may become a good investment in 2024 as the price can go up to $1,025. However, like any crypto asset, Litecoin is highly volatile. Always think twice before making any investment decision.
Litecoin Price Prediction 2025
Cryptocurrency analysts predict it is possible that Litecoin might reach another all-time high in the next five years with no major losses. In 2025, Litecoin’s price might surpass $1,500.
Litecoin Price Prediction 2030
The Litecoin price prediction for 2030 indicates that the price of LTC might be above $5,000 at the beginning of the year. This forecast is rather optimistic. However, the situation can change drastically due to the volatility of the crypto market.
FAQ
Will Litecoin Go Up?
Most analysts expect to see a more significant price increase for the Litecoin cryptocurrency next year.
What Will Litecoin Be Worth in 2022?
The crypto forecasts suggested that, on average, one LTC coin would be worth $377.05 in 2022.
What Will Be the Price for Litecoin in 2025?
According to the Litecoin price forecast, the LTC coin might trade around $1,379.07 in 2025.
Which Crypto Is Better, Litecoin or Ethereum?
Although Ethereum has more advantages in comparison with the Litecoin network, there is no need to give the ETH cryptocurrency unconditional preference. Both digital assets should be used for their unique purposes.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
Source: https://changelly.com/blog/litecoin-price-prediction/
