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
| Cryptocurrency | Litecoin |
| Ticker Symbol | LTC |
| Rank | 20 |
| Price | $78.8 |
| Price Change 24H | +2.9% |
| Market Cap | $5,865,715,463 |
| Circulating Supply | 74,485,583 |
| Trading Volume | $367,159,933 |
| All-Time High | $413 |
| All-Time Low | $1.11 |
Litecoin Price Prediction: Technical Analysis
| Metric | Value |
| Price Prediction | $78.00 (-1.79%) |
| Volatility | 9.76% |
| 50-Day SMA | $89.32 |
| 14-Day RSI | 41.89 |
| Sentiment | Bearish |
| Fear & Greed Index | 43 (Fear) |
| Green Days | 14/30 (47%) |
| 200-Day SMA | $75.66 |
Litecoin price analysis: LTC price struggles in surging above $80
TL; DR Breakdown
- LTC price faced a surge in selling demand as it aims for an immediate push above $80
- Resistance for LTC is present at $81.01
- Support for LTC/USD is present at $74.13
The LTC price analysis for 2 May confirms that both side traders are struggling to validate a clear trend on the price chart. However, bears are currently having an advantage as the LTC price rejects the $80 mark.
LTC price analysis 1-day chart: LTC/USD continues to struggle near resistance lines
Analyzing the daily price chart, Litecoin price is currently experiencing buying activity as it met buyers’ demand and triggered a rebound. However, sellers continue to create pressure on the chart near resistance lines, defending an immediate surge above $80. The 24-hour volume dropped to $13.9 million, showing a decreased interest in trading activity today. LTC price is currently trading at $80.6, increasing by over 4.4% in the last 24 hours.
The RSI-14 trend line has declined from its previous level and currently trades below the midline at level 42, hinting that bears are slowly 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 bulls are increasing their domination to keep the altcoin above the EMA trend lines. However, bears continue to defend a surge in the price chart and prepare for a hold below the trend line.
The BoP indicator is trading in a bullish region at 0.16, signifying that buyers are triggering a minor upward correction.
Additionally, the MACD trend line has formed bullish candles above the signal line and the indicator aims for a positive momentum, weakening the chances of a bearish comeback.
Litecoin Technical Indicators: Levels And Action
Daily Simple Moving Average (SMA)
| Period | Value | Action |
| SMA 3 | $78.79 | BUY |
| SMA 5 | $81.60 | SELL |
| SMA 10 | $87.56 | SELL |
| SMA 21 | $84.55 | SELL |
| SMA 50 | $89.32 | SELL |
| SMA 100 | $81.88 | SELL |
| SMA 200 | $75.66 | BUY |
Daily Exponential Moving Average (EMA)
| Period | Value | Action |
| EMA 3 | $81.79 | SELL |
| EMA 5 | $82.36 | SELL |
| EMA 10 | $85.68 | SELL |
| EMA 21 | $89.48 | SELL |
| EMA 50 | $88.39 | SELL |
| EMA 100 | $83.59 | SELL |
| EMA 200 | $79.53 | BUY |
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 $81.01, it may climb toward $87.4.
If bulls fail to initiate a surge, LTC price may drop below the immediate support line at $74.13, which may result in a correction to $67.03.
Recent News
- Litecoin recently updated its network with “Litecoin Core v0.21.3rc3.”
Litecoin Price Prediction May 2024
Litecoin’s price is showing signs of a bearish move as it tries to trigger intense bearish consolidation. Repeated failures to surpass the $80 mark have led to several setbacks, extending this period of stability.
As a result, we might see the LTC price to record a low of $67 with a maximum price of $88 and average price of $75.
| Litecoin Price Prediction | Potential Low | Potential Average | Potential High |
| Litecoin Price Prediction May 2024 | $67 | $75 | $88 |
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 Prediction | Potential Low | Potential Average | Potential High |
| Litecoin Price Prediction 2024 | $64 | $80 | $115 |
Litecoin Price Predictions 2025-2030
| Year | Minimum Price | Average Price | Maximum Price |
| 2025 | 156.72 | 162.03 | 175.25 |
| 2026 | 226.67 | 233.15 | 268.45 |
| 2027 | 323.83 | 335.49 | 390.17 |
| 2028 | 461.29 | 478.06 | 562.1 |
| 2029 | 695.94 | 715.07 | 811.35 |
| 2030 | 1,003 | 1,039 | 1,228 |
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 Name | 2024 | 2025 |
| 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
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.
Where and how to buy Litecoin (LTC)?
The first step is signing up on a cryptocurrency exchange. There are three types of cryptocurrency exchanges, significant exchanges, decentralized exchanges, and peer-to-peer exchanges.
So many trading exchanges exist in the crypto market. Examples of significant exchanges are Binance, Coinbase, and Kraken, among others. These exchanges allow you to purchase cryptocurrencies using either fiat or other cryptocurrencies.
Standard payment methods include PayPal, debit/credit cards, etc. Sign up at either of these and purchase your first Litecoin (s).
Decentralized exchanges allow users to purchase and trade digital tokens. We wouldn’t recommend a DEX when buying Litecoin.
Using local payment methods, you can trade digital coins with other traders within the Peer Peer cryptocurrency exchange platform. An excellent P2P exchange that supports Litecoin is LocalCrypto.com.
Like most P2P exchanges, the platform supports only a few types of coins. Local crypto supports Litecoin, Dash, BTC, and Ethereum. You can exchange coins with other platform users such as BCH, BTC, ETH, or XRP holders.
The goal of launching Litecoin was to improve Bitcoin in a few different ways. For one, Lee developed a new hashing algorithm for Litecoin called Scrypt (pronounced S-crypt). The simpler algorithm supported Litecoin’s faster transaction speeds. Litecoin’s transaction processing speed is 54 per second—and new blocks on the Litecoin blockchain can be created about every 2.5 minutes.
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