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Litecoin Price Prediction 2024-2030: Will LTC Price Hold $100?

Key Takeaways

  • Litecoin price struggles in gaining buying demand as it declines toward $70.
  • Our Litecoin price prediction for 2024 expects the maximum price of LTC to be at $115.
  • In 2030, we expect Litecoin to attain a maximum of $1,228.

Bitcoin’s price has had trouble maintaining its upward trend after the recent approvals of Spot ETFs, and this has also impacted Bitcoin’s various offshoots, which are also slowing down. Meanwhile, Litecoin is starting to pick up pace and might be on the verge of a significant price increase, potentially reaching the $100 mark soon.

After a sharp decline in recent weeks, Litecoin’s price is struggling to meet buying demand. However, factors like the Bitcoin halving event and possible interest rate cuts could further boost this positive trend for Litecoin.

This surge in activity raises several questions for investors: Is it a good time to invest in Litecoin? Or Will Litecoin (LTC) cross $100 in 2024? These are common questions that make predicting Litecoin’s price a bit tricky.

To assist you with these questions, we have prepared a detailed analysis and forecast of Litecoin price prediction 2024-2030. This article includes the latest updates, news, and technical analysis to aid in your investment decisions.

Let’s dive into the most recent predictions for Litecoin’s price for 2024, 2025, and beyond!

Overview

CryptocurrencyLitecoin
Ticker SymbolLTC
Rank20
Price$71.2
Price Change 24H-3%
Market Cap$5,865,715,463
Circulating Supply74,485,583
Trading Volume$367,159,933
All-Time High$413
All-Time Low$1.11

Litecoin Price Prediction: Technical Analysis

MetricValue
Price Prediction$72.2(-8.53%)
Volatility9.76%
50-Day SMA$89.32
14-Day RSI41.89
SentimentBearish
Fear & Greed Index43 (Fear)
Green Days14/30 (47%)
200-Day SMA$75.66

Litecoin Price Analysis

LTC price faces bearish pressure toward $70

TL; DR Breakdown

  • LTC price struggles as it drops toward the low of $70
  • Resistance for LTC is present at $75.42
  • Support for LTC/USD is present at $70.53

The LTC price analysis for 24 June confirms that LTC price faced a strong a selling pressure above resistance lines. As a result, LTC price is now heading toward the crucial support of $70.

LTC price analysis 1-day chart: LTC/USD struggles to meet buyers’ demand

Analyzing the daily price chart, Litecoin price is currently experiencing a selling pressure as the price is aiming to break its $70 support. Currently, bears are aiming for an immediate decline below Fib channels. However, bulls continue to create pressure on the chart, defending further declines by consolidating the price. The 24-hour volume surged to $9.05 million, showing an increased interest in trading activity today. LTC price is currently trading at $71.2, decreasing by over 3% in the last 24 hours.

The RSI-14 trend line has declined from its previous level and currently trades below the midline at level 30, hinting that bears are gaining the control of the price chart. The SMA-14 level is suggesting volatility in the next few hours.

LTC/USD 4-hour price chart: Bulls aim for a correction above EMA trend lines

The 4-hour Litecoin price chart suggests that bears are increasing their domination to keep the altcoin below the EMA trend lines. However, bulls continue to defend a decline in the price chart and prepare for a hold above the EMA20 trend line.

The BoP indicator is trading in a bearish region at 0.63, signifying that sellers are triggering a minor downward correction.

Additionally, the MACD trend line has formed bearish candles below the signal line and the indicator aims for a negative momentum, weakening the chances of a bullish comeback.

Litecoin Technical Indicators: Levels And Action

Daily Simple Moving Average (SMA)

PeriodValueAction
SMA 3$84.49SELL
SMA 5$84.75SELL
SMA 10$85.16SELL
SMA 21$83.95SELL
SMA 50$83.42BUY
SMA 100$86.34SELL
SMA 200$78.47BUY

Daily Exponential Moving Average (EMA)

PeriodValueAction
EMA 3$84.53SELL
EMA 5$84.79SELL
EMA 10$84.80SELL
EMA 21$84.30SELL
EMA 50$84.51SELL
EMA 100$83.46BUY
EMA 200$80.79BUY

What to expect from LTC price analysis next?

The hourly price chart confirms that bulls are inducing buying pressure to hold the price; however, sellers may soon make a comeback. If LTC price holds its momentum above $75.42, it may climb toward $80.70.

If bulls fail to initiate a surge, LTC price may drop below the immediate support line at $70.53, which may result in a correction to $67.01.

Recent News

  • Litecoin recently updated its network with “Litecoin Core v0.21.3rc3.”

Litecoin Price Prediction June 2024

Litecoin’s price is showing signs of a bearish move as it has been declining heavily for the past few weeks. Repeated failures to surpass the $90 mark have led to several setbacks, extending this period of stability. However, BTC price continues to flash buying signals as it surged above $70K. 

As a result, we might see the LTC price to record a low of $78 with a maximum price of $90 and average price of $85. 

Litecoin Price PredictionPotential LowPotential AveragePotential High
Litecoin Price Prediction June 2024$78$85$90

Is Litecoin A Good Investment?

Litecoin serves as a streamlined alternative to Bitcoin, making it an appealing choice for everyday transactions worldwide. Additionally, with a finite cap of 84 million coins, LTC presents itself as a potential investment for value preservation, akin to Bitcoin’s role as a digital asset.

Litecoin Price Prediction 2024

Investors are looking for top cryptocurrencies to buy now in the dip, with the market slump hinting at big opportunities. A critical point for Litecoin is its 2023 halving event, which reduced the mining reward. Initially, miners received 50 LTC per block, but the halving lowered this to 6.25 LTC.

This reduction means fewer Litecoins are available, potentially driving up the price if demand remains steady or increases by the end of 2024. However, past halvings haven’t always led to significant price hikes, with prices even falling after the 2019 event.

With a projected network and increasing adoption, in 2024, Litecoin’s price is expected to hit a minimum of $64. The maximum price could reach up to $115., with an average trading price around $80.

Litecoin Price PredictionPotential LowPotential AveragePotential High
Litecoin Price Prediction 2024$64$80$115

Litecoin Price Predictions 2025-2030

YearMinimum PriceAverage PriceMaximum Price
2025156.72162.03175.25
2026226.67233.15268.45
2027323.83335.49390.17
2028461.29478.06562.1
2029695.94715.07811.35
20301,0031,0391,228

Litecoin Price Prediction 2025

Report from Messari shows significant growth in Litecoin’s network. The coin has been around an all-time high in transactions and active addresses. These figures indicate a strong and bustling network, suggesting good growth potential for Litecoin in 2025.

Hence, the forecasted lowest price for Litecoin is $156.72. According to our analysis, the highest possible price for LTC could be $175.25, with an average expected price of $162.03.

Litecoin Price Prediction 2026

LTC’s growing popularity is seen in its expanding social media presence, particularly on Reddit. The network recently experienced a surge in active Reddit users, reaching numbers similar to those in 2021, right before it hit its all-time high.

If Litecoin’s popularity continues to increase in 2026, we might see a skyrocketing rally. Based on our detailed technical analysis of past Litecoin price data, in 2026, the price of Litecoin is expected to hit a minimum of $226.67. The maximum price could reach up to $268.45, with an average trading price around $233.15. Our Litecoin forecast expects a solid rebound from current Litecoin price with a significant jump in price and market cap following robust developments from Litecoin foundation, impacting Litecoin price forecast in 2026.

Litecoin (LTC) Price Prediction 2027

In 2027, the price of Litecoin is expected to reach a minimum value of $323.83. The maximum price could be as high as $390.17, with the average trading price throughout the year around $335.49.

Litecoin Price Prediction 2028

In 2028, the lowest forecasted price of Litecoin is $461.29. Based on our analysis, the maximum price could rise to $562.10, with an average price of $478.06 for the year.

Litecoin Price Prediction 2029

Our detailed analysis of past Litecoin price data indicates that in 2029, the minimum price of Litecoin could be approximately $695.94. The price could peak at $811.35, with an average trading value around $715.07.

Litecoin (LTC) Price Prediction 2030

For 2030, the minimum predicted price of Litecoin is $1,003. The price could reach a maximum of $1,228, with the average trading price expected to be about $1,039 throughout the year.

Litecoin Price Prediction: By Analysts

Firm Name20242025
Gov.Capital$43$141
DigitalCoinPrice$173$202
Changelly $85$131

Cryptopolitan Litecoin Price Prediction

According to the Litecoin price prediction by Cryptopolitan, it is anticipated that various leading institutions will invest in and start accepting LTC as a form of payment. Additionally, the growing frequency of events likely to influence LTC’s price could enhance its public perception.

In 2024, Litecoin’s price is expected to hit a minimum of $64. The maximum price could reach up to $115., with an average trading price around $80.

We expect the LTC coin price to reach a high of $115 in 2024.

Litecoin Price Historical Market Sentiment

  • Early years: LTC between $1 and $5
  • Crypto bubble of late 2017 to early 2018: LTC surged to over $300
  • Early 2021: LTC hit all-time high of $412.96
  • Late 2021: LTC closed at $144.56
  • 2022: LTC fell significantly, dropped below $45 mid-year
  • 2022 performance: LTC fell nearly 55%, outperformed the market
  • 2023: LTC underperformed, peaked at $114.50 in July
  • March 2023: LTC fell below $70 after Silvergate bank collapse
  • June 2023: LTC dropped to $72.02 due to SEC suing Binance and Coinbase
  • July 2023: LTC reached $114.50, then dropped to $79.46 by August
  • August 2023: LTC fell to $61.76 after market collapse from SpaceX and bond yield rise
  • September 2023: LTC hit low of $58.04, then peaked at $126.26 by September 19
  • End of 2023: LTC at $72.80, rose 7% while market doubled
  • February 23, 2024: LTC around $68.20
  • April 3, 2024: LTC at about $102.40
  • However, it later declined below $80. 
  • In May, LTC price witnessed a decline from the $90 mark, currently consolidating around $85. 

FAQs

Which is the best wallet to store Litecoin (LTC)?

The LITE wallet is the best for Litecoin

Will the Litecoin price reach $1000?

Yes, the LTC price is expected to reach $1000 by 2028, provided the investors turn to the asset and it finds more use cases.

Is Litecoin better than Bitcoin?

Litecoin has better technology than Bitcoin. Litecoin's blockchain is 4X faster than Bitcoin's. BTC takes an average minimum of 10 minutes to verify a block of transactions thoroughly. Litecoin takes 2.5 minutes. The mining process of Litecoin is more straightforward than BTC. The former uses the Scrypt algorithm, which is considered less complicated than Bitcoin's SHA-256. This means that the blockchain and technology of Litecoin are efficient, fast, and scalable compared to Bitcoin.

Will the price of LTC go up?

The price of Litecoin (LTC) will go up. As the market capitalization and volume of the coins keeps rising, the cost of Litecoin will also keep increasing. Most Litecoin forecasts indicate the price will increase. And as of now, the price movement of the coin suggests a bullish trendline.

Is Litecoin the future of cryptocurrencies?

Charlie Lee intended to create a lightweight alternative for Bitcoin. Much in the same way that Silver is a cheaper alternative for GoldGold. He achieved this through a soft fork on the original bitcoin blockchain and created even better rules for the coin.

How is LTC mined?

Purchase mining equipment – Purchase ASIC mining hardware for Litecoin. Litecoin mining did not demand much power in the past, and people using average CPUs/GPUs had chances of winning block rewards. See the full Litecoin mining discussion here: https://www.cryptopolitan.com/litecoin-mining/

How do I sell Litecoins?

You can sell your Litecoins through a trading exchange or peer-to-peer exchange. Just enroll in either Coinbase or Binance and sell your cryptocurrencies to other traders on the platform. Other Litecoin owners on the network can also sell you the digital currency at your convenience. You can also trade the coin for other currencies such as Bitcoin, bitcoin cash, and so forth.

Is Litecoin a good investment?

Yes, Litecoin is a good investment. In terms of the potential to be adopted and the volume of supply of the coins. The coin is fated to bring more people into the cryptocurrency industry, increasing its market cap and skyrocketing the price of the digital asset.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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