Litecoin (LTC), one of the oldest and most primitive cryptocurrencies after Bitcoin has maintained a notable bearish trend for a long time. Despite being a ‘Lite version of Bitcoin’ LTC price failed to grab the attention of the market participants and hence continues to trade within narrow ranges. Meanwhile, a couple of surges recorded by the crypto in recent times have intensified its presence in the market. Moreover, the popular asset is expected to kick-start a bull run very soon.

Will Litecoin’s price ever reach $1000 in the upcoming years? Is it a good time to buy LTC crypto?

Let’s check it out with the latest Litecoin (LTC) price predictions for 2022 to 2025 below!

Overview

Also Read: Bitcoin (BTC) Price Prediction 2022-2025

Litecoin (LTC) Price Prediction 

Litecoin Price Prediction For November 2022

Litecoin’s price has been incremental ever since a significant buying volume pushed the price higher in mid-June. However, during the past couple of months, the extended bearish pressure has dragged the crypto below the crucial trend line. Meanwhile, the fresh price surge enabled the price to reclaim its position within the ascending bullish pennant, poised for a breakout.

The LTC price could spike to its potential high of $73.25. with a bullish breakout. Whilst, if the bears regain their dominance, they may drag the price close to $54.28. While continued consolidated trade may enable the price to hover around $63.53 by the end of November 2022.

Bitcoin Litecoin Price Prediction for December 2022

The yearly close usually induces a significant bullish momentum within the crypto space, where-in the assets attempt to close the trade on a bullish note. Meanwhile, the bulls are expected to reclaim their dominance and eventually uplift the price significantly beyond $75. Furthermore, by the end of the monthly trade, the Litecoin price may hover around $82 to $85 if the bears remain vulnerable. Therefore, the Litecoin price prediction for 2022 is between $87 to $94.

LTC Crypto Price Prediction For 2023 

The year 2023 is crucial for Litecoin, as the next LTC halving event could take place in the periphery of the year. Provided things go as planned, with newer adoptions and collaborations, the price could shoot to $153.13. However, the network not standing to the expectations of the fraternity, could result in the price taking a dip to $77.20. Consequently, constrained by a linear outlook LTC price might land at $116.21. 

Also Read: Dogecoin (DOGE) Price Prediction 2022-2025

Litecoin Price Prediction For 2024

If 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 $317.98. On the flip side, ebbing stance and stiffer competition might leave the price at $181.44. Successively, the regular price might find its base at $264.33. 

Litecoin (LTC) Price Prediction For 2025

Its current price range can attract many traders, as it is feasible when 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, major collaborations with financial institutions, Litecoin can soar up to $774.01 if the above set 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 wipe down greatly to $390.02.  But considering that long-term investor will stick to the currency. The average price at which LTC might trade by the end of the next three years is $581.21. 

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 a possible reality because of the fact that LTC lowers transaction speeds and costs, which seems appealing. 

If the coin gains some hype in the coming months. The LTC price can strike a high of above $83 in 2022.  But with rising bearish influence, Litecoin can drop to $54 by the end of 2022.

Also Read: Zilliqa (ZIL) Price Prediction 2022-2025

Market Analysis

*The aforementioned targets are the average targets set by the respective firms.

Michael van de Poppe:

The analyst points at LTC portraying strength on the charts. He believes that it will have to hold on to the zone between 2600 – 2700 SATS for an uptrend to follow. 

What Is Litecoin (LTC)?

Sharing similarities with Bitcoin, it works on a Proof-of-Work consensus mechanism. But the platform involves complex computational algorithms to mine blocks. That is then fastened to the blockchain.com blockchain.com Crypto trading and Information Followers : 1 View profile of the network, which is a public ledger. For mining, the platform uses the Scrypt protocol which helps in maintaining extra decentralization. 

Also, powering confidential transactions, Litecoin turned out to be the network that proved every participant can exchange currencies with zero cost. Every transaction made on the blockchain remains irreversible and gets stored there forever. Like conventional blockchain technology, literally, nobody has edit access to the data/transaction on the Litecoin blockchain. 

Also, in rare conditions where currencies may be looted, the network has a trace print which makes identifying the hacked currencies easy. LTC is the network’s native currency and is in use within the network for providing rewards or incentives to the miners. Outside the frame, Litecoin acts as a medium of exchange and is proving to be a stable and inexpensive asset.

Fundamental Analysis

Litecoin is a peer-to-peer cryptocurrency developed in 2011, by charlie lee charlie lee managing director at litecoin foundation  
Charlie Lee is a former Coinbase employee who is perhaps best known for being the brains behind the popular crypto project ‘Litecoin’. Which is currently one of the world’s top 10 crypto assets by the total market capitalization. Over the past year or so, Lee has focused all of his efforts on driving LTC adoption across the globe. 
 
He is a computer scientist, most popular as the maker of Litecoin. He fills in as the overseeing overseer of the Litecoin Foundation. As of July 2013, he additionally worked for Coinbase. He was born in Ivory Coast, moved to the United States at 13 years old, and moved on from secondary school in 1995. He moved on from the Massachusetts Institute of Technology with single guy’s and graduate degrees in software engineering in 2000.
 
For decades during the 2000s, He worked for Google. His work for the organization remembered composing code for Chrome OS. In 2011, Lee became keen on Bitcoin. In October 2011, he delivered Litecoin on Bitcointalk. He had composed the blockchain innovation in view of Bitcoin in his extra time while utilized at Google. He delivered Litecoin to general society subsequent to mining just 150 coins. Lee has expressed that he didn’t plan to contend with Bitcoin yet implied Litecoin to be utilized for more modest transactions.
 
In July 2013, He left Google and started working at Coinbase, before the cryptographic money trade took on the coin he had created. In December 2017, Lee reported on Reddit that he sold practically all of his Litecoin property because of an apparent clash of interest. He had been condemned for his tweets, which perhaps affected the cost of the coin. Lee sold or gave every one of his currencies with the exception of a couple printed in actual structure which he kept as collectibles. He is right now working all day with the Litecoin Foundation on cultivating Litecoin adoption. EntrepreneurInvestorCrypto and Blockchain ExpertDirector Followers : 0 View profile , a former google google Tech & Design (Software)Information Technology Followers : 0 View profile 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.

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.

Historical Market Sentiments

2013

• 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.

2014

• 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.

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. 
• Later LTC achieved $70 in September and then went back to $40. The bullish trends helped LTC close the year at $250.19. 

 2018

• LTC started the trade at $244.09 by early January but plunged to reach the low of $116.46 in April.  
• Later by mid-December, LTC shockingly dropped to $24.50. Further, the price started to pour and managed to reach $28.74 at the end of 2018.

2019

• 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. 
• The price again started to slide further and was seen trading at $42.23 by the end of 2019. 

2020

• 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.
• In the first month of Q2, LTC had started to trade at $39.84. Later, the price started to improve steadily. 
• With certain price swings, LTC reached $66.65 by mid-August and plunged further. 
• Following the expansion of Bitcoin’s price rally, LTC was trading around $87 by the end of November. 
• Post the price surge, LTC ended the year at a trading price of $128.

2021

• Litecoin had resumed the year, with a trading value of $132.32. 
• By the mid of February, 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.

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