In the crypto world, many projects and start-ups are concentrating on the enhancement of transaction speeds. Litecoin is the first cryptocurrency to implement faster transaction technology.
Are you in a dilemma to invest in Litecoin? Or You already own but not sure where the price will reach?
Don’t be confused. This article provides in-depth data on Litecoin price prediction 2021 and beyond. Let’s See where the LTC price is heading to.
Table of contents
- What is Litecoin [LTC]?
- Litecoin Price Analysis 2013 – 2020
- LTC Price Prediction 2022
- Litecoin Price Analysis 2013 – 2020
|Market cap||$ 13,992,104,497.0000|
|Circulating Supply||$ 66,499,216.8956|
|Trading Volume||$ 7,515,574,692.0000|
|All time high||$ 360.6600 December 18, 2017|
|All time low||$ 1.1500 January 14, 2015|
What is Litecoin [LTC]?
Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee, a former Google employee, in 2011. 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.
Litecoin is one of the most popular and grounded cryptocurrencies in the world, being in existence for seven years since 2011. Litecoin is more accessible to the people than Bitcoin, hence known as the “silver” of the crypto world and Bitcoin referred to as “gold” of the crypto world.
Litecoin Price Analysis 2013 – 2020
The coin was launched on October 11. Initially, its price was very low, about $3 for quite a long time. Only in November 2013, we could see the first significant price movements. LTC jumped three times higher and hit USD 40 within a few days.
However, in May 2014 Litecoin dropped to $10 and then in October to $3 per coin. Then the crypto was traded between $1 and $4 for three years, until 2017.
In March 2017 Litcoin announced the launch date of their SegWit protocol which affected the rate and coin achieved $16. Then in May LTC launched the protocol which pushed the price to $30. Also, the dev team implemented Lighting Network which attracted more attention to the coin.
Later LTC achieved $70 in September and then went back to $40. However, the whole market was bullish and Bitcoin set new price records. So in December 2017, Litecoin reached $100 per coin. Dramatically the price reached the $330 mark and further plunged to $250.19 by the end of December 2017.
In 2018, the LTC price chart demonstrated a descending trend. LTC started the trade at $244.09 by early January. Further the price plunged to reach the low of $116.46 during April. Later in the mid of December, LTC shockingly dropped to $24.50 as it failed to maintain its resistance level. Further the price started to pour and managed to reach $28.74 at the end of 2018.
In 2019 Litcoin continued its price growth by trading at $31.94 by early January. Surprisingly, the price followed an upward movement to reach $141.38 by the end of June as the Bitcoin’s price hit $12,000. The price again started to slide further. At the end of December 2019, LTC was trading at $42.23.
Overall, the Litecoin price in 2020 has been somewhat stagnant. It started the year at $41.67, and though it practically doubled in price and surged above $80 in February, The heat started to exit the market quickly and LTC was not immune from the mid-March crypto flash crash due to the Covid-19 outbreak.
In the first month of the second quarter, LTC started to trade at $39.84. Later, the price steadily started to improve. With certain price swings, LTC reached $66.65 by mid-August and plunged further.
On a bearish note, the price progressively started to pour. With the expansion of Bitcoin’s price rally, LTC was trading around $87 by the end of November. Following the price surge, LTC ended the year 2020 at the trading price of $128.
Litecoin Price Prediction 2021
During the start of 2021, LTC was trading at $132.32. On a bullish note, the coin dramatically started to escalate. The altcoin could hit newer heights by enrichment of its platform with certain integrations and collaborations. The currency might reach the higher levels of $360 by December 2021.
LTC Price Prediction 2022
Litecoin might commence the year 2022 with a trading cost of $365. LTC anticipated plunging further if the bears acquired the market for a longer period. The community might focus on the up-gradation of its platform and the currency might intensify. The crypto is expected to hit as high as $480 at the end of 2022.
Litecoin 5 Years Price Prediction
In the next 5 years, Litecoin could be in the top 5 cryptocurrencies list, and it might be a highly accepted cryptocurrency in digital payments. LTC could escalate if the crypto influencers have a positive outlook on the currency as well as its performance. By the end of 5 years, the highest Litecoin’s price could be $800.
LTC Market Prediction
Let us consider the publications and personalities, and their statement regarding the LTC predictions, which will give us a fairer idea:
1) Trading Beasts
According to TradingBeasts, by the end of 2022, LTC could peak around $108 with the consistent increase in the price. The price is anticipated to reach $133 at the end of 2023.
According to LongForecast, Litecoin will trade around $80 and $90 throughout 2022 and the price could drop upto $50 by the end of 2023.
According to DigitalCoinPrice, Litecoin could trade around $145 by the end of 2022.
Our Litecoin Predictions
With a trading value of $132.32, Litecoin entered the year 2021. Later, the price consistently started to soar with certain variations. Several recognized institutions could invest in Litecoin and accept LTC as a payment. The price may further surge with the bull’s acquaintances. At the end of 2021, the highest Litecoin’s price is anticipated to be $350.
Yes, Litecoin might be a good investment if you are thinking of investing for a long-term.
Yes, Litecoin might definitely break its previous price records as it is anticipated to rise.
In future, Litecoin might trade around $690.
Litecoin can be traded at exchanges like Binance, Bitrue, Coinbase Pro, OKEx, HitBTC and many more.