Litecoin Price Prediction: Will LTC price continue to fall in 2023?

Litecoin was created to aid traditional payments and become an alternative to payment systems. However, that did not stop crypto investors to speculate and trade Litecoin (LTC), as they do with any other cryptocurrency available on the market.  

Litecoin was part of the crypto bull market, which lasted from mid-2020 to late 2021. Litecoin's price climbed from $50 to $412.96 during that period, an all-time high reached by Litecoin on May 10, 2021.

But LTC followed the general bearish market trend in 2022, dropping steadily. As of December 2022, Litecoin (LTC), the digital silver, was trading at around $66, representing a 55% drop from its January price.  

But what can we expect from Litecoin in the future? Will the LTCUSD price continue to decline in 2022? Will the Litecoin price surge or plunge in 5 years?   

This article aims to address all the queries related to Litecoin price prediction for 2022 and beyond, fundamentals, and technical updates. 

Summary of Litecoin Forecast & Price Predictions 

• Litecoin price prediction today: the actual rally should face strong resistance toward 100 and send the price back below 80 during the first quarter as per charts and experts. 
• Litecoin price prediction 2023: while most experts forecast LTC can reach 100 during the year, others said crypto winter could extend into 2023 and push Litecoin price below 40. 
• Litecoin price prediction 2025-2030: most analysts point out that crypto investors will shift focus from speculative trading to the development and adoption of blockchains and applications powered by tokens with utility and cash flows. 

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Litecoin Overview

Litecoin (LTC) is a peer-to-peer cryptocurrency, which was created by Charlie Lee (an ex-Google employee) in 2011. It uses Bitcoin’s original source code. Litecoin was created to make cryptocurrency transactions cheaper to enable everyday crypto payments. We can observe this market trend continuing, as Bitcoin is used for long-term storage of value, while Litecoin is more commonly used for payments.   

While Litecoin uses the same Proof-of-Work (PoW) mechanism as Bitcoin (BTC), its much larger total supply (84 million) makes the mining process much simpler. This translates to faster and cheaper transaction fees on the network. Litecoin was created to build the decentralized payment system that Bitcoin wanted to be, but some believe it is not anymore.   

Litecoin’s price follows the general trends of the crypto market and Bitcoin’s price.   

Related: How to Buy Litecoin 

Litecoin's price dropped by 55% in 2022, which is less than Bitcoin's price drop.

At the beginning of 2021, the price of Litecoin was around $124. Like other crypto markets, Litecoin's performance has been volatile, as there are many factors that drive its volatility.  

Although cryptocurrency is still not widely used for daily transactions, things have started to change since 2021. LTC saw a surge in acceptance of the cryptocurrency on PayPal on March 30, 2021.  

In December 2022, MoneyGram announced that it would integrate Litecoin into its crypto services. Another Litecoin news was the impressive 16% rally after FTX’s collapse at the beginning of November 2022, when top competitors, Bitcoin and Ether, dropped by more than 30%. Litecoin supporters expect to see a strong bull movement as they await the August 2023 halving.  

Over the past 12 months, Litecoin's value has fallen by more than 55%. This drop is a difficult pill to swallow by Litecoin investors. But it represents a better scenario than most cryptos experienced in 2022 when they dropped by 70% or more. The "crypto winter" is real. However, it is important to note that historically, Litecoin has always recovered from these events.   

With 2022 already looking like another roller-coaster period for digital currencies, CAPEX looks at Litecoin's price predictions from best-rated websites and experts. 

Litecoin Price Prediction 2023 and beyond  

Litecoin continues to see steady developer activity. Litecoin is frequently used as a testing ground for Bitcoin development. This is yet another reason to believe that people will continue to flock to the ecosystem. Litecoin's close relationship to Bitcoin and its limited supply makes it valuable. 

As the years went by, Litecoin's on-chain volume has been remarkable. While on-chain volume has fallen since the late 2021 bubble, it is still at a consistent level. This means that we are likely closer to the bottom than ever before.  

While most forecasters are neutral, there are a few optimistic 2023 price predictions for Litecoin, and the overall consensus is that LTC could rise around 30% in 2023.  

Litecoin Forecast 2023  

According to WalletInvestor, Litecoin's average price could be around $67 by the end of 2023. That makes LTC a neutral investment. The long-term earning potential is only 1.5%.    

DigitalCoin is more optimistic about the Litecoin forecast. It predicts that the price of Litecoin will reach an average of $164 by the end of 2023.    

The long-term forecast for Litecoin from PricePrediction shows that the price will steadily rise throughout 2023. They predict that the price of Litecoin could reach an average of $87 by the end of 2023.    

CryptoPredictions are also neutral with their Litecoin price forecast. They predict that LTC will reach a maximum of $68 by the end of 2023.    

According to Long Forecast, Litecoin’s price will continue to drop in 2023. The forecast for Litecoin says that it could trade at around $44 by the end of December 2023.  

The average consensus is $87, which makes Litecoin one of the best cryptocurrency to buy in 2023. With expectations of rising around 30% by the end of the year, check out the top 5 cryptocurrencies to explode in 2023 to see if Litecoin is included. 

It's important to remember that analysts’ forecasts can be incorrect when predicting Litecoin prices. Analysts make projections based on a technical and fundamental analysis of the crypto's performance. However, past price performance does not guarantee future results.  

You should do your research and remember that trading decisions are influenced by your attitude towards risk, market knowledge, and your tolerance for losing money. The consensus, when it comes to crypto, is to not invest more than you can afford to lose.

Litecoin Forecast Today – Should you buy or wait for new lows? 

The historical trendline is still valid showing the “normal” trend of an asset. The high volatility with spectacular ups and downs is typical for less liquid, high speculative markets in the early stages. 

The weekly chart shows a potential new uptrend that will face resistance around the 100 level. A breakout could generate the “fear-to-missing-out" sentiment again.  

However, the latest development on the long-term charts signals a more likely accumulation and bottom. 

The daily chart shows LTC's bearish trend over the last few months. 

There is a bullish RSI divergence supporting the accumulation scenario and positive Litecoin price predictions for 2023. 

A bullish RSI divergence occurs when a coin makes a new low in price, but the RSI indicator does not make a corresponding new low. In other words, a bullish divergence forms when a coin price records a low and RSI forms a high. RSI does not confirm the new low, and this shows weakening momentum and potential exhaustion.  

While we can speculate about the potential price of Litecoin over the next months and years, the truth is that Litecoin still is a highly speculative investment. There are not much historical data to support these predictions. It is important to invest only what you are willing to lose and include some traditional investment instruments to build a strong portfolio.  

Your investments should be small, and you should not place crypto investments above other financial goals, such as saving for retirement or paying off high-interest debt.

>> Learn more about Cryptocurrency trading 

Litecoin Price Prediction 2025  

There are indications that the crypto market is entering a new era.   

There is no doubt that LTC's long-term price prediction will rise as there is still optimism about the currency attracting more attention.   

Like Bitcoin, Litecoin has the same cyclical evolutions and the miner’s rewards get halved every four years. In 2023, the block rewards stand at 12.5 LTC. The next Litecoin halving is expected in August 2023, when the third Litecoin halving will take place and the block rewards will become 6.25 LTC.  

As Litecoin becomes more scarce, it can cause a spike in price. However, as time goes by miners also experience more difficulty in mining Litecoin, which might keep away miners and slowly leave the network without much support.  

Experts believe that this cryptocurrency is still strong, and, likely, the market cap and price of Litecoin will slowly rise in the future. According to top expert crypto forecasters, Litecoin could trade at an average of $133, representing a 102% price increase from its December 2022 level.

Litecoin Price Prediction 2030  

Are you expecting Litecoin to rise in value? The same applies to Litecoin price predictions as it does to weather forecasts. The further we go into the future, the harder it becomes to try to predict the price of Litecoin. The world of 2030 may be quite different from what we see now. What does 2030 hold for Litecoin?  

Many prediction platforms predict that Litecoin's price will steadily grow by 2030. Expert forecaster PricePrediction suggests that Litecoin could be trading at around $1,815 by the end of 2030. DigitalCoin also offers a bullish forecast and predicts that Litecoin could trade at around $915 by 2023. Considering these price predictions, the average Litecoin price for 2030 could be $1,365, representing a 1,416% price increase from Litecoin’s January 2023 level.

Is It Possible to Forecast the Price of Litecoin?  

Many price predictions for Ethereum are flawed because they lack the necessary analytical support. Investors will always be attracted to a high price point, especially one that is on an upward price trend. Someone holding a cryptocurrency priced at $0.01 could easily believe that it will rise to $10,000 just because it sounds good.  

The problem is that predictions can be made without any evidence or analysis. However, three types of analysis have been used in the financial world for a long time to try and forecast prices and the evolution of markets.  

• Technical Analysis 
• Fundamental Analysis
• Sentimental Analysis  

Litecoin Forecast using fundamentals  

Investors in financial markets use fundamental analysis to study and evaluate the variables that impact an asset’s price. 

You can assess the intrinsic value of a cryptocurrency to determine if it is undervalued or overvalued. This can be achieved by analyzing qualitative factors like the state of the economy and cryptocurrency market conditions, as well as the management and market capitalization of crypto companies. 

Fundamental analysis can help traders determine the price of a cryptocurrency based upon a wide range of information. This could be a great way to make long-term investment decisions. 

How to conduct a Litecoin price prediction today using fundamentals?  

Fundamental analysis is when you examine the fundamentals of cryptocurrency projects, from their market capitalization to the utility and value of the native token. 

Do not confuse the fundamental analysis and technical analysis. Fundamental analyses of cryptos are more qualitative and less tangible than statistical trends like price charts or historical market data. 

The fundamental analysis of cryptocurrency is like that of traditional financial markets with more traditional assets such as stocks. It is not as important to focus on a company’s historical financial performance, financial statements, or balance sheets. 

The following parameters can be used to help investors predict trends in crypto markets: 

• Market capitalisation 
• Total and circulating supply 
• Token utility and use cases 
• Community size 
• The team of the crypto project
• The crypto's trading volume
• Crypto exchanges listings
• Partnerships with trusted institutions
• The latest news about the coin
• Government rules and regulations 

It is important to remember that fundamental analysis can only give you an overview of cryptocurrency investments. You can better understand the project and the future changes in cryptocurrency prices by looking at all the information. To get a better picture, you can also refer to the company’s whitepaper. 

You can also examine blockchain metrics which provide crucial information about a cryptocurrency's technology and processes. 

Litecoin Forecast using technical analysis 

Technical analysis uses historical price charts and market statistics to examine and anticipate price changes in the financial markets. It is founded on the concept that if a trader can recognize historical market trends, they may anticipate future price trajectories accurately. 

Whereas fundamental analysis focuses on an asset's 'real value,' considering both external and intrinsic elements, technical analysis is only based on an asset's price charts. To anticipate future movements, all that is required is the recognition of patterns on a chart. 

The ability to recognize price trend cues in a market is an important part of any trading strategy. All traders must devise a strategy for determining the optimal entry and exit points in a market and using technical analysis tools is a popular technique for doing so. 

Technical analysis software is now so widely utilized that many people believe it has established self-fulfilling trading rules: As more traders use the same indicators to find support and resistance levels, more buyers and sellers will congregate around the same price points, repeating the patterns.

In general, technical analysts look at the following broad types of indicators, formations, and theories: 

• Price trends (trendlines, channels, Elliott Waves, Dow Theory) 
• Chart patterns (double tops and bottoms, head and shoulders, triangles, wedges) 
• Price action (pin bar, inside and outside bars, and different candlesticks chart patterns like Doji candle) 
• Trend following indicators (moving averages, Ichimoku, Parabolic SAR, ZigZag, ADX) 
• Volatility indicators (Bollinger bands, ATR) 
• Oscillators (RSI, MACD, CCI, Stochastic) 
• Support and resistance levels (Fibonacci retracements, pivot points)  

Example 

The 50-week moving average represents one year of price action because there are 50 weeks in a 'market year' (i.e., 52 weeks in a calendar year and the NYSE (New York Stock Exchange) and other exchanges usually have ten days off for holidays = 50 weeks).  

A moving average is a technical indicator that market analysts and investors may use to determine the direction of a trend. It sums up the data points of a cryptocurrency over a specific timeframe and divides the total by the number of data points to arrive at an average. It is called a “moving” average because it is continually recalculated based on the latest price data. 

Litecoin's chart shows how well the Moving Average acts as a dynamic trendline, offering valuable support and resistance points. 

Litecoin had a breakout below $180 and continued to push lower. A breakout trader would use this as an opportunity to jump on the train and place their stop above the high of the consolidation.

>> Visit CAPEX Academy to learn more 

Litecoin Price Prediction Using Market Sentiments 

In finance, the term "sentiment" refers to a viewpoint or opinion about a market's condition. The sentiment of crypto market investors towards the asset is a description of their general emotions and attitudes. It reflects the collective psychology of all those involved in trading and developing cryptocurrency. 

How investors feel about cryptocurrency can have a tangible impact on market cycles and the price. It can have serious implications if enough traders act on the ideas, thoughts, and feelings they share, regardless of whether they are based upon real-world data. This is evident in how tweets by Elon Musk have impacted Bitcoin's price (a bullish sentiment). 

For analyzing the sentiment of cryptocurrency markets, there are many statistics you can use. The following statistics provide vital information about the movement and trajectory of cryptocurrency assets: funding rates, sentiment indices, social media, and community analysis, and whale monitoring. 

The funding rates are the monthly payments that traders receive based on price differences between the spot price of currencies and tokens and the price difference between cryptocurrency perpetual contracts. Positive funding rates indicate a bullish market.  

A sentiment index is used to predict whether investors will act fearfully or greedily. It can be affected by volatility, market momentum, and investor responses to surveys. A fearful market can be an opportunity to buy if it is managed correctly. Conversely, a greedy market means that it is a good moment to sell. 

Another crucial aspect for assessing sentiment in crypto markets is the community’s activity on social media, especially Twitter and Telegram. Investors would look for an active social network with meaningful interaction across platforms. 

Whale monitoring is the process of keeping an eye out for big crypto players. A cryptocurrency whale is an investor who holds large-value transactions on multiple blockchains is called. Whale watchers spot major market participants' trades and trade accordingly. 

Litecoin Historical Prices 

Litecoin is a fork from Bitcoin, and that’s why major price fluctuations patterns of Bitcoin share similarities with the price of Litecoin. Although there are few correlations between Bitcoin and Litecoin, the former started with a slower momentum. It has been a steady performer over the past years, in between Bitcoin and Litecoin. Although the bull cycle has not been aggressive, it has been very potent for the price of Litecoin. 

The mining reward event that hosted Litecoin's price surge is also to blame. The peak in December 2017 was $375.29. In January 2015, the price dropped to an all-time low at $1.11. The price of Litecoin has been fluctuating ever since. The pandemic has thrown most cryptocurrencies into chaos, and Litecoin (LTC) is not an exception. However, it has managed to survive the vulnerabilities.  

Prior to 2019's halving, Litecoin traded at $140 per LTC coin. This was half of its previous high and a 600% increase from its lowest price. 

Another pullback saw Litecoin reach $35 in late 2019. However, after a lower low, the future price of Litecoin is only expected to rise from here. 

Litecoin rallied in 2020 and the cryptocurrency attempted to make a new record for 2021. These results have been mixed. According to CoinMarketCap, Litecoin has set a record in May 2021 ($412). Litecoin's long-term outlook and price trajectory are strong, despite the potential top formation and corrections. 

In January 2021, after being rejected at the highs, Litecoin was traded at $134 per LTC.

In April 2022, Litecoin reached a high price of $129.31. But then things started to fall. Things got worse after China imposed a crypto ban. The price dropped to $102.25 on April 12, 2022. LTC hit $114.22 on April 20, but it dropped again to $100 in May.  

LTC could not escape the chaos caused by the UST de-pegging and the collapse of Terra blockchain, so its price plummeted to around $50, the lowest since 2020.  

LTC and many other cryptos were caught in a bearish market after withdrawals from Celsius crypto lending platform were canceled. It fell to a low point of $40.68 on June 14. It closed the month at $53.65, albeit with some peaks and lows. 

As of December 2022, Litecoin was trading at around $66, with a market cap of $4.8 billion. There are 71.9 LTC in circulation out of an overall supply of 84 million. The market capital sits just below $3.6bn.  

FAQs:  

Is Litecoin worth buying in 2023? 

Most expert Litecoin forecasts have a neutral or slightly optimistic prediction for 2023. PricePrediction forecasts an average price of $87 per LTC by the end of 2023. 

How high can Litecoin go in 2023? 

Most cryptocurrency experts have moderate predictions for Litecoin’s price in 2023. The most optimistic Litecoin price predictions by the end of 2023 are $87 by PricePrediction and $164 by DigitalCoin.  

Will Litecoin crash in 2023? 

While the price of Litecoin will continue to experience volatility in 2023, most forecasters are not very optimistic. While Litecoin will not crash in 2023, its potential growth might not be attractive to those looking to make significant gains from their investments.  

Does Litecoin have a future? 

Most Litecoin price predictions are more inclined towards a positive foreseeable future of Litecoin cryptocurrency. By the end of 2023, as per LTC price predictions, the LTC’s price is estimated to hover around $87.    

What will Litecoin be worth in 5 years?

The Litecoin supply is limited to 84 million, and almost 72 million Litecoins have already been mined. It is expected that the price of Litecoin will experience a steady rise in the next 5 years and could reach $473 by 2028 according to DigitalCoin.    

What Litecoin will be worth in 2025? 

Experts believe that this cryptocurrency is still strong, and, likely, the market cap and price of Litecoin will slowly rise in the future. According to top expert crypto forecasters, Litecoin could trade at an average of $133, representing a 102% price increase from its December 2022 level.       

What Litecoin will be worth in 2030? 

Expert forecaster PricePrediction suggests that Litecoin could be trading at around $1,815 by the end of 2030. DigitalCoin also offers a bullish forecast and predicts that Litecoin could trade at around $915 by 2023. Considering these price predictions, the average Litecoin price for 2030 could be $1,365, representing a 1,416% price increase from Litecoin’s January 2023 level.  

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