Litecoin (LTC) Price Prediction 2024-2030: Will LTC Price Hit $150 Soon?

• Bullish LTC’s price prediction ranges from $142.33 to $146.71.
• Analysis suggests that the LTC price might reach $161 soon.
• LTC’s bearish market price prediction for 2024 is $48.708 to $41.185.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. Litecoin (LTC) is one of them.

Litecoin is an open-source software project and a peer-to-peer, decentralized currency that is shared using the MIT/X11 license. Litecoin was one of the first altcoins. It came out in October 2011 after the Bitcoin blockchain gave it ideas.

If you are interested in the future of LTC and want to know its predicted value for 2024, 2025, 2026, 2027, 2028, and 2030, keep reading!

Litecoin (LTC) Market Overview

What Is Litecoin (LTC)?

With its unique blockchain capabilities, Litecoin (LTC) was created as a cryptocurrency that provides fast, secure, and low-cost payments. Bitcoin’s system was utilized to establish the cryptocurrency. However, the hashing algorithm, hard cap, block transaction timeframes, and a few other aspects were changed. One of the advantages of using the Litecoin blockchain is that it takes just 2.5 minutes to process a transaction, making it ideal for small transactions or point-of-sale payments.

When Charlie Lee launched Litecoin, he was an early cryptocurrency user and a well-known figure in the cryptocurrency world. But now, Charlie Lee is an ardent advocate of cryptocurrency and serves as its managing director. In addition to Lee, the Litecoin Foundation’s board of directors includes three other members. These are Xinxi Wang, Alan Austin, and Zing Yang.

Litecoin is the second most widely used cryptocurrency after Bitcoin. Its popularity can be largely attributed to the crypto’s ease of use and obvious advantages it provides. Speed and cost-effectiveness are its primary advantages. There are no fees for Litecoin transactions. Since transaction fees are a concern for many users in developing countries, this makes it an appealing alternative to Bitcoin.

Litecoin released the MimbleWimble (MW) testnet in late 2020 to test confidential Mimblewimble-based transactions. The Litecoin Foundation announced the Mimblewimble Extension Block (MWEB) upgrade on January 31, 2022. MWEB promises to guarantee fungibility for all and improve Litecoin’s LTCalability. MWEB will opt-in, making Litecoin the “most fungible, cash-like cryptocurrency.” The Taproot upgrade that makes security and privacy better will also be in the core release.

Litecoin is one of the few cryptocurrencies that can be traded for a wide range of fiat currencies. It can be bought with US dollars (USD), Korean won (KRW), euros (EUR), and other fiat currencies.

Analysts Views on Litecoin (LTC)

Smart Contractor, a famous cryptocurrency expert, said that $LTC appeared to be breaking out of its range following “a very big accumulation.” According to the analyst, $BTc typically bottoms approximately 500 days before the next halving occurrence, whereas $LTC’s breakthrough occurs fewer than 230 days before its own halving.

According to a pseudonymous crypto expert named Kaleo, $LTC’s latest spike seems to be the “real thing,” since it is “long overdue for a solid pump.” Moreover, Kaleo mentioned that Litecoin has extended periods of gradual decline followed by sharp increases. Kaleo also said that the meme-inspired cryptocurrencies Dogecoin ($DOGE) and $LTC are always a “buy when it’s boring,” since these cryptocurrencies surge during bull runs.

Litecoin, like Bitcoin, experience halving events, in which the crypto reward for miners that discover blocks on the network is half. The next halving event for Litecoin is scheduled for August 2023, and it will cut mining payouts from 12.5 LTC to 6.25 LTC. Halving occurrences are considered bullish since they cut fresh supply on the market in half.

Litecoin (LTC) Current Market Status

With 74,119,763 LTC in circulation, Litecoin (LTC) is trading at $72.11 at the time of writing. LTC has a 24-hour trading volume of $273,523,315, and during the previous 24 hours, the price of LTC increased by 1%.

The most popular crypto exchanges to trade Litecoin (LTC) are Huobi Global, Binance, Coinbase, OKX, and Kraken. Let’s continue with our LTC price research for 2024.

Litecoin (LTC) Price Analysis 2024

Currently, LTC ranks 18th on CoinMarketCap’s list of the biggest cryptocurrencies by market capitalization. Will Litecoin’s most recent improvements, additions, and modifications help its price rise? First, let’s focus on the charts in this article’s LTC price forecast.

Litecoin (LTC) Price Analysis – Bollinger Bands

The Bollinger Bands are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

Compared to the previous band movements, the chart highlights that the candlesticks may be swaying between the Bollinger Bands, often considered a consolidating price action. Although there were slight expansions and contractions, they hardly affected the prices compared to the previous high volatility market. The signals from the indicator highlight that the candlesticks could be entering a price squeeze soon. The price squeeze could be a sign that a breakout could be incoming soon. However, it is still too early to decide whether the price breakout will be positive or negative.  

Litecoin (LTC) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered an overbought region, and traders expect the price to fall soon.

Looking at the candlesticks, LTC consolidated after a massive fall during the highly volatile market. After the candlesticks moved sideways, they experienced a spike influenced by the buyers’ interest. However, after breaking above the upper band, the candlestick faced a correction in its price value. Currently, the RSI is valued at 48.79, which is a neutral zone. Thus, further price momentum is required to confirm the trend of the market. 

Litecoin (LTC) Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at the 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role, as it can confirm trends and identify potential reversals.

The green bars forming on the indicator could be a sign of a slight uptrend in the short term. However, the trend’s strength is not strong enough to confirm that the bullish sentiment in the market will continue for a long time. Although the MACD line is above the signal, there is hardly any distance between them, signalling that a possible reversal could happen anytime. As such, it is safe to say that LTC will consolidate for some time before a trend is noticed in the market.

Litecoin (LTC) Price Prediction 2024

Looking at the above chart, the candlesticks were consolidating after a correction procedure triggered by the overbuyer-influenced price momentum. After consolidating near both its support levels, LTC surged once again and crossed beyond the $75.719. The bullish surge caused LTC to sway between $103 and $75 in the initial months of 2023.

By mid-2023, the altcoin tumbled back to its previous level. However, this time, it was able to hold on to the $59 support level, preventing the altcoin from touching the critical support region. In the long-term chart, there is a chance that LTC could climb beyond $103 as it attempts to recover back to its bullish price level. 

If the long-term double bottom pattern formation is complete, the altcoin could easily break to $142.33 this year. After touching $142.33, there may be a chance LTC could seek support from $103.58. Meanwhile, the bearish price prediction highlights that LTC could miss its bullish mark and fall to the critical support level. 

Litecoin (LTC) Price Prediction – Resistance and Support Levels

The LTCUSD chart highlights that the candlesticks were trading below the 0.236 Fib level. It seems that recent price actions could be LTC’s attempt to cross beyond one of its major resistance levels. In fact, LTC needs to cross its first resistance level before mid-2024 to reach its speculated bullish price for this year. Traders should also expect a price correction if the prices are surged by the massive entry of buyers. 

Litecoin (LTC) Price Prediction 2025

LTC could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, LTC will continue to rise in 2025, forming new resistance levels. It is expected that LTC will trade beyond the $187 level.

Litecoin (LTC) Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, LTC could tumble into its support region of $167. Moreover, when LTC remains in the oversold region, there could be a price correction soon. LTC, by the end of 2026, could be trading beyond the $219 resistance level after experiencing the price correction.

Litecoin (LTC) Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears. LTC is expected to rise after its slumber in the bear season. Moreover, LTC could even break more resistance levels as it continues to recover from the bearish run. Therefore, LTC is expected to trade at $256 by the end of 2027.

Litecoin (LTC) Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be a Bitcoin halving. Like many altcoins, LTC will continue to form new higher highs and is expected to move on an upward trajectory. Hence, LTC would be trading at $289 after experiencing a massive surge by the end of 2028.

Litecoin (LTC) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, LTC could be trading at $321 by the end of 2029.

Litecoin (LTC) Price Prediction 2030

After witnessing a bullish run in the market, LTC and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, LTC could be trading at $331.

Litecoin (LTC) Price Prediction 2040

The long-term forecast for LTC indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments, as hodlers may expect to sell some of their tokens at the ATH point. However, LTC may face a slight fall before starting its upward journey once again. It is expected that the price of LTC could reach $532 by 2040.

Litecoin (LTC) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, LTC could surpass the resistance level of $848.

Conclusion

LTC has been on the watch-out list of many investors as it aims to make its mark in the blockchain industry. If investors continue to show interest in LTC and add these tokens to their portfolio, then it could continue to rise. LTC’s bullish price prediction shows that it could pass beyond the $142 level in 2024. Moreover, LTC could surpass the $848 level by the end of 2050.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.

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