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Just like bitcoin, Litecoin (LTC) is an immense and growth expected cryptocurrency. This useful guide of Litcoin price prediction guide will help investors and traders to consider whether LTC will spike in the coming years or not. We will put our predictions as well as market opinions. But before we dive into the questions like will bitcoins hit $1000 or is Litecoin better than bitcoin, let’s do a quick review on the Origin of Litecoin and a summary in nutshell.
What is Litecoin?
Litecoin was introduced in late 2011 as a gateway for the Bitcoin Blockchain. An Ex-Google worker Charlie Lee was the man behind this idea. Litecoin has the notion that it would have a more miner-friendly cryptocurrency environment and that was the main idea behind its launch. The coin was offered in the market keeping in mind that an average person can mine the coin without any sophisticated hardware.
The number of Litecoins that exist in the market are 4x more than bitcoin. Moreover, Litcoin offers faster transactions than Bitcoin, so it doesn’t look scary. Both of these Cryptos don’t differentiate that much aside from their price and capitalization in the market. Today, Litecoin is considered the finest asset in the crypto market after bitcoin with potential growth over the years.
Litecoin Price History
To date, Litecoin has taken a rider by giving a pretty impressive performance throughout the year. At the start, the crypto stuck with $41 with prices surged to double, the market faced the LTC with a trading price in the range of $40 to $50 for the summer months. This was an awestruck performance but the magic started in October with the market Bull Run was going to over. Coinmarketcap chart shown below:
In keeping in view with other Cryptos, Litcoin managed to smash through to cross %50. At that time, it was nearly impossible for bitcoin to cross the barrier for $10,000. During November, Litecoin rise from $50 to nearly $88. It was almost a 60% gain in the prices. December a hectic year for Litecoin as the coin finished the year in style. Where bitcoin hit the record-breaking price of almost $24,000, Litecoin was even on the outperforming side.
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How Market Cap and Volume affect the price of Litecoin
The market can and volume are considered to be the point that dominate the coins. The larger the cap and volume, the more dominant the coin would be. Same, the Volume of the crypto also matters a lot. If the volume is bullish and rising, however the price falls, traders generally claim that they are in danger of being stuck, and are forced to sell for less than they joined. So, basically the skin of all this is that if we want the price of any coin to be double, the number of Volume and Cap must be bullish.
The current market cap and volume of the coin is $17,176,216,775 and $9,203,608,229 respectively. The cap and volume are both decreased by 4.65% in the last 24 hours making the price of the coin to go down respectively
Litecoin Price Prediction
For some reason, the prices of Litcoin are dependent on Bitcoin. If bitcoin gets over with another bull run, the prices may get high. With the latest developments in the market and the COVID, traditional markets are closing. We can talk very generally and expect that cryptocurrencies would rise above in 2021, 2022, and so on. Many of the altcoins will rose to an all-time high, as the market will not be the same.
A crazy bull run is the only hope for crypto users for a pretty high development in Litecoins. Although it’s working fine for now the volatility is so high that it takes no time for prices to go sink. The following potential high and lows are given below to estimate how much Litecoin can go.
Litecoin Price Prediction 2021
The halving is supposed to be the main event when it comes to skyrocketing the prices of different assets. Many believe that Litecoin prices will rise in the coming years if the halving occurs. Based on the coming updates, the currency will give a tough knockout to other Cryptos. As far as the price concerns, analysts are aiming for as low as $260 by the end of 2021. The potential high by the end of 2021 would be more than $285.
LTC Price Prediction 2022-2025
The coin is slowly but is gaining more attraction toward crypto users. It offers the best payment methods, affordable fees making it the best choice all over the network. The price prediction of 2023-2025 depends on the adoption of Litecoin currency in the coming 5 years. If the adoption rate will be good then it is expected to cross the $500 mark by end of 2025.
This does not mean that this growth will be consistent. Although it totally depends upon the bull market. The bitcoin prices are directly hitting the CoinMarketCap position of other coins. As far as we are concerned Litecoin will stay in the range for a potential high between $380 by going as high as $489. But again it all depends upon the volatility of the market.
Litecoin Price Prediction 2021-2025
TradingBeasts update their website on daily basis with price prediction of different coins. The prediction is based on the historical data and conclusions are made with the help of regression and correlation analysis.
The platform does have a prediction of Litecoin. The prediction is mostly long-term. Long-term predictions are considered to be optimistic somehow. It is believed that LTC will dead drop by a handsome amount at the end of 2021. 2022 will be a slightly good year for Litecoin as the coin will emerge to around $360.918 at the end of 2022. The price will remain the same for 2023 peaking around $478.281 for 2024 and will reach a benchmark of constant value of $508.548 by 2025.
LTC Price Prediction for 2021-2025
Is Litecoin is going to increase? How DigitalCoinPrice analyses the future prediction of coins let’s take a look at how the price forecast of Litecoin is going to change further.
The platform predicts very bullish price for Litecoin stating that it may touch $375.32 by 2021. Moreover, it expects to reach slightly above or beyond $462.73 USD by 2022, and for 2023 Litecoin will go up significantly with a value of $530.51 USD per 1 Litecoin.
However, these figures are mostly on the downside of the coin. As currently, the coin is trading at almost $256.75, it is expected that by the end of 2025 the coin will be traded with a potentially high value of around $771.28 USD. The given price values are pretty straightforward. As there are no ways of uprising the value of Litecoin by DigitalCoinPrice.
Factors that could affect the price of Litecoin
Many factors may affect the price of Litcoin (LTC) somehow. in another word, the way Litcoin has performed in past, history might repeat itself. Halving is expected to occur in upcoming years. More games on the platform may attract investors or there might a case where different physical shops and online stores may accept digital assets.
This depends on how many users are getting introduced to Litecoin in the coming year. It’s like More users more investments in the coin. Moreover, Litecoin has an accessible approach to the public so there is hope that there shall be more minors that bring more assets and this will affect its price.
Where to buy Litecoin?
There are many exchanges from where you can buy Litecoin. But before making a purchase make sure that you a safe wallet to store your LTC. Never store your crypto on any exchange. To buy crypto simply select any of the top-rated exchanges such as Binance, Bit Panda, etc. create an account on any of the exchanges.to prevent that you are not fraud or theft you have to prove your identity to the exchange. They need a photo ID to make sure that it’s you who is making a purchase.
Now you’re almost done. You can get started with as low as $1. To pay for the exchange, you can either use a debit card, credit card, or make a payment through your bank account.
LTC Price Forecast FAQ’s
Will Litecoin hit $1000?
Through the coming year like 2021, 2022, and so on, many platforms and analysts believe that the price of Litecoin (LTC) will rise again bypassing the mark of $350 by the end of 2021. Reaching for up to $500 by 2025 would be optimistic to say but who knows. These Cryptos are volatile and can change their way anytime.
What are the best wallets to store my Litecoins?
we have a detailed article on 8 top-rated litecoin wallets to store your LTC in 2021
Is Litecoin a good investment?
From time to time, Litecoin (LTC) has proved to be a good investment. Given that, the technical and fundamental strength and signal of Litecoin respectively show that Litcoin (LTC) is paving its way out from the bear market. It can be said that Litecoin is not just a good but an excellent investment.
Is Litecoin better than Bitcoin?
Bitcoin is considered as money of cryptocurrency and both Litecoin or Bitcoin have their good and bad points. But these factors are just a publicity stunt to attract more users. Moreover, these factors do not impact the usability and value of the coin.
The future price of the coin doesn’t depend on the existing factors that the coins have. But it depends on the factors that appear during the market development. Those factors conclude the future predictions of any coin. You can do your research. If you’re new to the market, the token holders can help you to make a choice. The market of crypto is so volatile that is nearly impossible to predict the exact value of any coin.
Litecoin is well established and till now is performing well. As we said above it is affirmative to invest in Litecoin. Get yourself updated on market trends on daily basis. Keep an eye on the range of rates so you can make the best selection. You can reach out to us anytime for any query or consultancy. What you think Litecoin will end up with price by 2025. Leave your honest predictions down below the comment section.
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