Litecoin has had a bad start this year, but this has been the outlook for the entire cryptocurrency market. Litecoin operates in a highly competitive space with new blockchains emerging with near-zero cost payments.
Recently, the Litecoin network successfully completed its halving event, improving the public appeal of the coin. The block rewards were slashed by 50% from 12.5 LTC down to 6.25 Litecoin per block, reducing the inflation rate of LTC.
Currently, the price of LTC is around $62.84, with a market capitalisation of $4.6 billion. At the current price, LTC is down over 85% from its ATH of $412.96.
The site expects bullish growth for LTC in the coming years due to its ongoing network activity and exponential user base. It anticipates a price of $145.17 in 2024 and up to $1,230.64 in 2032.
According to CryptoPredictions.com’s Litecoin prediction, in October 2023, Litecoin is forecasted to commence at $58 and conclude the month at $64.4. Throughout October, the projected maximum price for LTC is $84.4, while the minimum price is expected to be $57.4.
Based on the forecast and technical analysis, the price of Litecoin in 2023 is expected to fluctuate between a minimum of $92.98 and a maximum of $105.02, with an average trading price of $96.27.
In 2024, the Litecoin price is anticipated to vary between a minimum of $136.01 and a maximum of $160.96. The average price throughout the year is projected to be $139.87.
For 2025, the projected price of 1 Litecoin ranges from a minimum of $199.61 to a maximum of $237.12, with an average price of $205.20.
For 2030, the Litecoin price is expected to vary between $1,305.41 and $1,565.15, with an average of $1,341.64.