Litecoin is not one of the biggest or most famous cryptocurrencies, yet it is a potentially interesting investment opportunity. Below I examine Litecoin’s long-term prospects stretching to the year 2025 and beyond, giving detailed time-based price forecasts and important technical price levels which both traders and investors should watch over the coming months and years. Read on to find out whether Litecoin is a good buy.
Litecoin entered the world of cryptocurrency with a rather impressive start when digital assets began to find favor with speculators and investors throughout the globe. There was a time when LTC/USD was rated within the top 5 of cryptocurrency market capitalizations as its proponents argued positively regarding its merits compared to the likes of Bitcoin. This caused a groundswell of support as people asked what the price of Litecoin would be several years in the future.
Litecoin was essentially created in 2011. However the digital asset began trading in earnest with wide market interest in 2017 like many of its major counterparts, when cryptocurrencies jumped into the spotlight as their speculative gains caught the attention of the financial media. Like the other major cryptocurrencies, LTC/USD essentially went from a speculative asset few had ever heard of in early 2017 with a value of little more than nothing, to a digital asset that achieved a high price above $400 per coin in December that same calendar year. However, Litecoin then suffered a large fall in value over the coming year in line with the broader cryptocurrency market.
Litecoin compared to Bitcoin was held up as a faster cryptocurrency regarding the ability to ‘mine’ its blockchain, and its transactional ability was also hailed as faster than Bitcoin, and these elements remain true to this day for the decentralized digital asset. However, not everything has been wine and roses for Litecoin early adapters, speculators and investors. Litecoin, like all cryptocurrencies, has enjoyed days of highs and extreme lows as technical and market behaviors have frequently caused storms.
At the time of writing in August 2021, LTC/USD has gone through the whirlwind of its spring 2021 surge and slump like most of the major cryptocurrencies. The month of August certainly produced a rather nice climb for Litecoin, but prior to this bullish trend, LTC/USD suffered steep losses and saw lows just above $100 in late June and late July.
Litecoin Price Predictions 2021
The Litecoin (LTC) price prediction 2021 will likely follow a positive correlation to the broad cryptocurrency market, but there are factors that appear to give LTC/USD a distinct outlook of its own. While Litecoin was once one of the top-rated cryptocurrencies regarding market capitalization - within the top five according to respected sources during the early days of cryptocurrency trading - LTC/USD is now ranked as only the 14th largest digital asset by a handful of market cap observers who monitor volumes, meaning something has occurred within Litecoin which has perhaps made it less appealing to speculators.
Traders may be suspicious that the price of LTC/BTC when compared via long term charts shows Litecoin has underperformed the mightiest of the cryptocurrencies in a rather stark manner. Is this a failure of Litecoin technology, or is it the simple effect of not having the ability to sway potential investors and speculators like it used to as the cryptocurrency world has grown more crowded with competitive digital assets?
While some technical traders may scoff at the notion that Litecoin is suffering an image problem, it can certainly be stated that new cryptocurrencies have been able to creep into the top ten regarding market capitalization and have likely been helped by rather strong marketing approaches by their influencers and proponents. These people tend to point to Litecoin as an ‘older’ digital asset which remains interesting but not as fashionable as the better-known alternatives.
LTC/USD 2021 3 Month Price Chart Outlook
Litecoin price prediction 2021 timetables will likely move in conjunction with the broader market, but because of the questions regarding ‘the romance’ of Litecoin within the cryptocurrency world it does open questions as to what may develop in the future. A Litecoin price prediction for 2025 will certainly believe that LTC/USD will continue to exist and remain a speculative factor; the likelihood of Litecoin simply collapsing is very low. However, if the underperformance of LTC/BTC is to be taken seriously via technical charts and behavioral sentiment forecasts, traders should wonder if Litecoin will gain with the same amount of fevered pitch as its competitors and this could affect its trend and ratios compared to the broad digital asset market.
Litecoin vs Bitcoin - Underperformance
It is important to remember that Litecoin is a real competitor within the world of digital assets. While cryptocurrencies like Bitcoin, Ethereum, Dogecoin, Ripple, Polkadot, etc. may all serve different utilitarian aspects, Litecoin like its major counterparts also enjoys much of its success due to the world of speculative assets. In other words, its value represents wagering by speculators and investors who likely have little use for them within the real world of business, except to engage in the potential rise and fall of values Litecoin represents and the profits (or losses) which it can produce.
Looking ahead to 2025 and 2030 for Litecoin remains a dubious endeavor and one bound to make predictions seem futile and perhaps foolish.
If cryptocurrency as an asset class remains vibrant, it is likely Litecoin could continue to find favor and be trading from $600 to $1000 in 2030, and if success has become a dominant theme for Litecoin and the trading world has embraced LTC/USD it is not out of the realms of possibility Litecoin could be worth $2000 or even $3000 in 2030.
Litecoin’s Potential Pitfalls
The prospect of downwards price movements by Litecoin should be considered too. What will happen to Litecoin if it continues to loss traction and falls out of the top twenty regarding market capitalization? What is the potential result of a jurisdictional and regulatory assault from within the U.S and other national governments regarding transparency measures? These events would not help Litecoin.
If government regulations were suddenly to rise in earnest and be enforced, decentralized cryptocurrency like Litecoin could face challenging headwinds which could make their transactional and speculative appeal less glittering. If new competitors continue to shine within the world of cryptocurrencies as their technology is introduced regarding digital assets and their potential applications, it is possible Litecoin could continue to underperform. The old saying in the business world that you should innovate, or be ready to perish is a dangerous contemplation speculators who like Litecoin should be wary of as the cryptocurrency world grows more competitive.
LTC/USD has certainly risen within the ‘safe confines’ of broad cryptocurrency market correlations, but there is no mistaking Litecoin has also fallen slightly out of favor as a leading speculative endeavor. This also brings up the point that Litecoin has a rather interesting history of seeing very large players -sometimes referred to as whales – make rather dramatic and sizeable trades which can be monitored by the wider public because the use of their cryptocurrency wallets can be looked at pertaining to their transactions. In July 2021 during the height of a cryptocurrency downturn, it became known that a large unidentified seller had entered the market as LTC/USD suffered a dramatic downturn and traversed slightly above $100. Despite trading above $400 on the 9th of May 2021, the large selling positions hurt the value of Litecoin swiftly.
Risk and Volatility of Litecoin Attract Speculation
Litecoin’s reward to risk and reward setup remains a factor and this should be enough to attract speculators. While the market capitalization of Litecoin has been in a downward trend, Litecoin still has a market cap of nearly $12.6 billion at the time of writing, which is a sizeable slice of potential trading moving forward for the cryptocurrency world and its speculators.
Having achieved a low of $100 which then held firmly has given Litecoin an important bullish psychological boost - its ability to climb from this low water mark is intriguing. From late July to late August 2021, LTC/USD gained nearly 86% in value. This suggests that if a large dose of enthusiasm and sincere speculative buying happens, we could see the LTC/USD price at the end of 2021 as high as $425. Litecoin is certainly prone to the slings and arrows of market sentiment, just like LTC price prediction for 2025. However, speculators are probably inclined to believe the worst of negative trading sentiment for 2021 has already been seen.
Litecoin: A Mix of Clouds and Possible Sunshine
From a jurisdictional viewpoint, the U.S congress essentially pushed questions regarding cryptocurrencies into the future recently when they decided not to pursue stricter oversight of the digital assets marketplace. However, traders also need to acknowledge that today’s regulatory environment can quickly change particularly when a new asset class becomes a political football. The broad cryptocurrency market is valued near $2 trillion depending on the gyrations of the asset class any given week.
If a major crisis were to break out within cryptocurrencies and prices were to plummet suddenly, it is possible major watchdogs within the government would want to investigate to protect the public. On the opposite side of the coin, if digital assets were to suddenly enjoy another strong bullish move up, cryptocurrencies would also likely start to be whispered about regarding their potential as a tax base in which governments could find money to pay for their rather large stimulus spending which must be financed somehow.
LTC/USD 5-Year Outlook
Litecoin Durability, Timeframes, and Ability to Trend Higher
While there are certainly signs that Litecoin doesn’t carry the ‘favored’ status that is once did among speculators, perhaps this is a positive thing for investors. If LTC/USD can remain within the top twenty regarding market capitalization and stay out of the ‘limelight’ perhaps this will be a calming ingredient for the cryptocurrency and carry the advantage of not overextending speculative initiatives by unwelcome forces. Litecoin continues to be a major cryptocurrency and the fact that it now has a long shelf life should be looked at as a positive. While some of the newcomers within cryptocurrencies may be riding atop their momentum waves of fortune momentarily, some of them are bound to tumble, submerge and be cast aside.
The long-term trading history of Litecoin makes it a prospective buy and hold candidate for cryptocurrency investors who can purchase the digital asset and store it within a digital wallet. The current (August 2021) price of $188 may look like it has gained quite a bit since lows of late July. However, the perspective from a long term risk reward scenario that Litecoin may in fact be underpriced for speculative investment is perhaps an opportunity. If a buyer wants to step into Litecoin with an outlook and capability to hold onto the cryptocurrency for the long-term, buying within the current price juncture and aiming for higher values by the end of 2021, 2022, and to the year 2025 may make Litecoin a solid speculative prospect.
LTC/USD 6-Month Outlook
Litecoin an Attractive Long-Term Bet
Long term buyers of Litecoin may be pursuing a rather logical endeavor if they are able to wager a small percentage of their investment portfolio and risk their money on the potential for large returns in the future. Like trading with leverage, which should always be done conservatively by cautious traders, long term speculative investments should be practiced in the same way. If an investor can buy LTC/USD and has a firm perception that the Litecoin price prediction 2025 is much higher than current values, why not buy Litecoin and securely store it within a cryptocurrency wallet? If an investor can risk a minimal amount of their overall portfolio and risk 1 to 2 percent of their net worth, the chance of achieving gains which are much larger via a percentage perspective are vastly better than the chance Litecoin will turn to dust and be valueless.
Short term traders who are looking to engage with Litecoin should also practice some of the same tactics. The recent rise the past month of LTC/USD after the rather wild fall after the May highs serves as a warning no doubt, but is also serves as an ever present calling card regarding the potential for taking advantage of volatility.
Traders who are willing to speculate in LTC/USD are not the same as traders who simply want to engage with conservative non risky assets. The cryptocurrency market remains a mainstay for speculators who understand the notion that there are inherent dangers when trading, and that risk management is always needed. Traders of LTC/USD who intend on making long term trades must make sure their transaction costs are not painful and that they are able to maintain positions. Also they still need to make sure they are wagering an amount of money they are willing to lose. Make no mistake that trading cryptocurrencies can wipe out a trading account, if not done carefully.
Favorite Status Still in Play for Litecoin
While Litecoin has certainly seen its status among the biggest cryptocurrencies change, it has not been brushed aside completely. LTC/USD remains a highly traded cryptocurrency and its price outlook long term remains a tantalizing endeavor for traders with the capability to pursue its changes in value which are often breathtaking.
The one month rise of LTC/USD over July and August 2021 serves as a strong reminder the values of cryptocurrencies trend in a manner which can often be identified and tracked easily. The Litecoin price prediction for the end of 2021 does look like it could be higher than its midsummer price. It is not farfetched to believe that if the price breaks above $200 later in 2021 it could be a springboard to higher values. The $215 level will also likely be an important technical benchmark. If the $275 level can then be challenged and broken, opportunistic bulls will be likely to get sucked in, providing fuel for potentially exponential bullish momentum.
LTC/USD 1-Month Rise
Traders also need to remember that there is a substantial tactical difference when comparing the philosophy of buying to cash out short or mid-term winning positions, compared to the notion of buying Litecoin with the desire to be a HODL – hold on for dear life – investor. If an investor has the capability to buy Litecoin to hold for the long term and sees the likelihood that a high LTC price prediction for 2025 and beyond will likely be met, then there is plenty of reason to continue being a positive buyer of LTC/USD provided it remains under the $250 to $300 area in the short term with an eye to long term prices in 2025 of potentially $600 or more.
A key element to trading or investing in Litecoin is timeframe. If a trader has a short term perspective and cannot hold onto to their position longer than a week, than they must abide by the rules and tactics of technical trading which move according to daily changes in sentiment and the potential visit of larger traders who can suddenly effect LTC/USD violently.
If a market participant can come into Litecoin with a multi-faceted long-term approach and safely proclaim they can hold onto positions through 2025 and beyond, even until 2030, then it makes complete sense to use a risk reward spectrum in which a limited amount of money is risked according to the ability of the trader’s purchasing power while wagering on Litecoin to produce prices which are much higher, this with the understanding there is a risk the market could also see its luster diminish due to unforeseen developments.
My price predictions for LTC/USD from 2021 to 2030 are:
August 2021 – July 2022: $110 to $425
July 2022- July 2024: $125 to $700
July 2024 – July 2026: $275.00 to $1,000
2030: $500 to $3,300
What will Litecoin be worth in 2025? What is the LTC price prediction for 2025?
I expect that Litecoin will be worth between $275 and $1,000 per coin in 2025.
Where will Litecoin be in 2030?
I expect that Litecoin will be worth between $500 and $3,300 per coin in 2030.