In this price prediction, we will put out our own and market’s opinion (both from popular algorithms and experts) on Litecoin future while discussing Litecoin price forecast for 2021 and beyond.
Now, one more thing before we delve deep into the Litecoin price prediction and answer questions if Litecoin is a good investment or not, why will Litecoin succeed or fail or while will Litecoin price rise or drop, let’s quickly do a review on Litecoin and its to date history.
Litecoin was created back on 7th Oct 2011 by Charlie Lee, an ex-Google employee, who quit working in order to focus on Litecoin full time. Charlie is very active on Twitter. You can read his blog here. Litecoin was designed to complement Bitcoin by solving issues like transaction timings and concentrated mining pools.
Litecoin has a different way of transaction and mining as the crypto king, but its price and growth still depend on its bigger brother.
Price of Litecoin has suffered heavily in 2018 and for the most part of 2019. Cryptocurrency market is yet in a search for a better metric than market cap to express the value of a coin project as market capitalization shows serious flaws and is unreliable tool for assessing a crypto project.
Litecoin Price Prediction
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
LTC Price Prediction For The Next 90 Days
Below is a tabular overview of how will LTC develop in the short-term (for the next 90 days), according to our prediction model:
Litecoin Price Prediction 2023
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
LTC Price Prediction 2025
Our prediction model sees LTC reaching $ 175.02 in 2025.
What will LTC be worth in 5 years?
The price of LTC in 5 years could lie around $ 163.92, according to CaptainAltcoin’s prediction model.
Litecoin Price Prediction 2030 – 2040
What Litecoin will be worth in 2030?
Our forecasting model sees Litecoin reaching $437.56 in 2030.
What Litecoin will be worth in 2040?
Our forecasting model sees Litecoin reaching $875.12 in 2040.
Will Litecoin replace / surpass / overtake Bitcoin?
No, Litecoin will not replace or overtake BTC.
Can Litecoin reach $1000?
Yes, it is possible that Litecoin can reach $1000 but only in a distanced future, after 2030.
Is Litecoin worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Litecoin is worth buying.
Is Litecoin a good investment?
Litecoin is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Litecoin be worth?
For the short-term future, it could reach $53.57. In the long-term (8-10 years), it could jump to $437.56 or even higher.
Why will Litecoin succeed and go up in price?
Litecoin has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Litecoin rising up to $437.56 in 2030.
Why will Litecoin fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
How high will Litecoin go?
Our forecasting model sees Litecoin price exploding and reaching $875.12 in a distant future.
What is the short-term prediction for Litecoin?
Litecoin will reach $53.57 in the next 90 days, which is a 39.4% change over the current price which hovers around $88.40.
Can Litecoin make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Litecoin millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Litecoin could make you a millionaire.
Litecoin Price Prediction Today - What will be the price of Litecoin tomorrow?
Litecoin will hover around $90.03 tomorrow.
Will Litecoin Survive
Litecoin [LTC] is one of the coins that suffered biggest hit by the bear market. The overall market cap has dropped below $2.5 billion and seems the shedding is not over yet.
It is a well known fact that Charlie Lee sold at the peak of LTC price and tweeted a very good advice to the rest of the holders: On December 12th, 2017, Charlie Lee sent out a tweet telling people not to get too excited with the unsustainable bull run. Charlie warned about the pending multi-year bear market and that anyone who could not handle Litecoin (LTC) dropping to $20 should not buy it. While many attacked him as a FUD instigator, his reasons for making these assertions were rock solid and since LTC is now hovering just aboe $30. Charlie explained that every time the crypto market rises up too fast, it overshoots its real value, which leads to a huge correction, and a price consolidation. Charlie’s predictions have come true.
Charlie is not active in LTC for quite some time – it has been years since he contributed to the development of the once second largest cryptocurrency, that is now ranked at number 7 on CMC rankings.
Read our updated guide on best crypto bots.
Being dubbed the silver to Bitcoin’s gold, Litecoin was introduced in 2011 as a quick fix that was supposed to solve some problems typical of the leading cryptocoin. With new projects flooding the market in the recent years, Litecoin’s role seems to be thing of a past – LTC is the odd man out and nobody can bring about a solid argumentation for Litecoin’s purpose in the future. And the reason I think Litecoin is dead is not because of price of litecoin – it dropped together with the whole market and not by its own fault. The reason is lack of unique value proposition – it is just blunt copy of bitcoin with couple of parameters changed.
In this guide, we will voice our own and market’s opinion on LTC future while discussing Litecoin price forecast for 2023 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Litecoin.
Now, let’s head into it. Before we delve deep into the Litecoin price prediction and answer questions if LTC is a good investment or not, why will LTC succeed or fail or why will Litecoin price rise or drop, let’s quickly throw a glance at what is LTC and its to date history.
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As long as the project is listed on major exchanges, it will have some value. Most of it will come from pure speculation and remnants of its past strong brand and this can be strong enough of a market force to pull it back up again. However, all of this is short-to-mid term bound – Litecoin hasn’t found its unique angle and value proposition and once the market is mature enough to recognize this, LTC will lose all of its value in a slow, steady and, for its holders, painful process.
Very low probability for that. Litecoin’s all time high value was tick above $300 per coin and even that is out of reach for LTC in the foreseeable future because Litecoin has no competitive advantages over other coins with the same use case and has come this far solely as a bitcoin trailer.
For the reasons we listed above, no – Litecoin is not a good investment for the long term (but can lead to some nice gains thanks to its short-term speculative potential). In short – it offers no value over other payment coins; it has far weaker brand than Bitcoin to be store of value, it is too slow in comparison to Nano, XRP, XLM; it has no privacy in contrast to Monero, Dash or ZCash.
Yes, when the whole crypto market recovers.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com