market-feed-icon
Market Cap
$ 7,258,997,622
market-feed-icon
Total Volume
$ 664,881,798
market-feed-icon
24 Hour
2.89%
trend-icon
market-feed-icon
7 Day
9.90%
trend-icon
blog-coin-icon

Litecoin Price Prediction, will LTC’s price hit $159.70?

Litecoin price prediction, LTC’s price has pumped by 2.89% in the last 24 hours
blog-image
icon
Litecoin
Price Prediction
Litecoin, LTC could hit $159.70 in 2023
Litecoin’s price prediction for the most bearish scenario will value LTC at $80.39 in 2023
Litecoin’s previous All Time High was on 10th May 2021 where LTC was priced at $410.26

Litecoin’s price at the same time last week was $91.44. It has moved by 9.90% in the past week and is currently at $100.49. Infact, in the past 24 hours, LTC has pumped by 2.89%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and LTC could hit $113.59 in 2024.

The total circulating supply of Litecoin as of writing this article was $72229870.73 and the marketcap of LTC remains at $7,258,997,622.

Disclaimer

For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.

About Litecoin

 

Litecoin (LTC): An overview


Source: Litecoin.com

 

Litecoin (LTC) is an alternative cryptocurrency that was created through a fork in the Bitcoin blockchain. With faster block times and vast supply, the altcoin is known as the silver counterpart to Bitcoin's gold. 


Litecoin allows users to send low-priced private, secure, and borderless payments to anyone, anytime, anywhere. It pioneers technologies such as Lightning for immediate global settlement of funds and Atomic Swaps for cross blockchain trustless trading.

 

Litecoin’s journey

Source: Litecoin.com

 

Adapted from Bitcoin's open-source code, Litecoin was created in October 2011 by Charlie Lee, a former Google and Coinbase engineer. He graduated from the Massachusetts Institute of Technology (MIT). According to Lee, Litecoin began as a fun side project when he was playing around with the Bitcoin codebase.


During an announcement of Litecoin’s debut on a popular Bitcoin forum, Lee called the altcoin the "lite version of Bitcoin." Litecoin is known to be among the earliest altcoins obtained from Bitcoin's original source code. LTC has a maximum supply of 84 million.

  

Often seen as a reaction to Bitcoin due to its similar structure, Litecoin has been used as a testnet for Bitcoin, with advanced protocol changes adopted prior to their deployment on Bitcoin. Their key differences are block time, supply, hashing algorithm, and initial distribution.

 

Other key developments


Source: Litecoin.com

 

With its existence being more than a decade old in the crypto space, Litecoin has accomplished a lot in these years. Here are some of the important developments/milestones for the altcoin in the last two years:

  • In May 2021, Venmo, the second most popular financial app in the US at the time, launched Litecoin.
  • In September 2021, the Litecoin Foundation announced the launch of OmniLite, a decentralized token creation platform.
  • In September 2021, Grayscale Litecoin Trust (LTCN) became an SEC reporting company alongside companies such as Bitcoin (GBTC), Ethereum (ETHE), Digital Large Cap Fund (GDLC), Ethereum Classic (ETCG), and Bitcoin Cash (BCHG) trusts.
  • In December 2022, Litecoin announced that it had completed over 39 million transactions, making it a new record.
  • In December 2022, Litecoin announced that it had added 52 million new addresses to the network, which is the second most of any cryptocurrency.

LTC Price Analysis


Following some northbound movement in March 2022, LTC encountered a downtrend for most of the year, which later saw a change of course during the end. The major resistant and support levels have been at $98 and $73.

 

LTC Weekly Chart

 

On the weekly chart, a drop from $129 to $48 was seen in March 2022, following which strong bearish momentum began to take over. However, from December of that year, LTC witnessed a surge, with the price going up to $95. This paved the way for the market’s bulls in 2023.


Since the current price momentum is up, the Relative Strength Index (RSI) has been above the neutral 50 line, and the On-Balance Volume (OBV) has been ascending. The same was found on the lower time frame (daily) chart.

 

Should you consider buying LTC?

 

With the crypto market having been faced with a tough time in the last 12 months, Litecoin has taken a different direction and has been doing fairly well. The altcoin’s surge is strongly backed by strong address growth, with it outdoing a number of top coins on key metrics in the past few months.


Despite the recovery, LTC continues to trade under $100, making it undervalued. However, more potential gains are waiting ahead for the altcoin. Litecoin’s recent post on Twitter about its zero downtime since its launch in 2011 adds to its reputation as a robust and secure network.

Litecoin Price Prediction

Litecoin has had an eventful 2021. To simplify the latest LTC price prediction, we have divided up the prediction by short term Litecoin price prediction and long term Litecoin price prediction. As of writing this article, LTC had a trading volume of $664,881,798. Litecoin has gone up by 31.60% in the past 30 days.

According to our analysis in the short term, Litecoin price prediction for April 2023 shows the average price of LTC at $123.44 and the highest possible price for April 2023 would be $132.08.

Further, according to our analysis in the long term, Litecoin price prediction for August 2023 shows the average price of LTC at $128.27 and the highest possible price for August 2023 would be $137.24.

Litecoin's Short Term Price Prediction

DateAvg PriceLowest PriceHighest Price
8 Feb 2023$100.28$93.26$107.30
9 Feb 2023$99.85$92.86$106.84
10 Feb 2023$99.30$92.35$106.25
11 Feb 2023$99.51$92.54$106.47
16 Feb 2023$103.16$95.94$110.39
21 Feb 2023$107.03$99.54$114.52
3 Mar 2023$116.00$107.88$124.12
April 2023$123.44$114.80$132.08
May 2023$124.65$115.92$133.37
June 2023$125.85$117.04$134.66
July 2023$127.06$118.17$135.95
August 2023$128.27$119.29$137.24
September 2023$129.47$120.41$138.53
October 2023$130.68$121.53$139.82
November 2023$131.88$122.65$141.11
December 2023$133.09$123.77$142.40

Litecoin price prediction 8 Feb 2023: Litecoin’s price for 8 Feb 2023 according to our analysis should range between $93.26 to $107.30 and the average price of LTC should be around $100.28.

Litecoin price prediction 9 Feb 2023: Litecoin’s price for 9 Feb 2023 according to our analysis should range between $92.86 to $106.84 and the average price of LTC should be around $99.85.

Litecoin price prediction 10 Feb 2023: Litecoin’s price for 10 Feb 2023 according to our analysis should range between $92.35 to $106.25 and the average price of LTC should be around $99.30.

Litecoin price prediction 11 Feb 2023: Litecoin’s price for 11 Feb 2023 according to our analysis should range between $92.54 to $106.47 and the average price of LTC should be around $99.51.

Litecoin price prediction 16 Feb 2023: Litecoin’s price for 16 Feb 2023 according to our analysis should range between $95.94 to $110.39 and the average price of LTC should be around $103.16.

Litecoin price prediction 21 Feb 2023: Litecoin’s price for 21 Feb 2023 according to our analysis should range between $99.54 to $114.52 and the average price of LTC should be around $107.03.

Litecoin price prediction 3 Mar 2023: Litecoin’s price for 3 Mar 2023 according to our analysis should range between $107.88 to $124.12 and the average price of LTC should be around $116.00.

Litecoin price prediction April 2023: Litecoin’s price for April 2023 according to our analysis should range between $114.80 to $132.08 and the average price of LTC should be around $123.44.

Litecoin price prediction May 2023: Litecoin’s price for May 2023 according to our analysis should range between $115.92 to $133.37 and the average price of LTC should be around $124.65.

Litecoin price prediction June 2023: Litecoin’s price for June 2023 according to our analysis should range between $117.04 to $134.66 and the average price of LTC should be around $125.85.

Litecoin price prediction July 2023: Litecoin’s price for July 2023 according to our analysis should range between $118.17 to $135.95 and the average price of LTC should be around $127.06.

Litecoin price prediction August 2023: Litecoin’s price for August 2023 according to our analysis should range between $119.29 to $137.24 and the average price of LTC should be around $128.27.

Litecoin price prediction September 2023: Litecoin’s price for September 2023 according to our analysis should range between $120.41 to $138.53 and the average price of LTC should be around $129.47.

Litecoin price prediction October 2023: Litecoin’s price for October 2023 according to our analysis should range between $121.53 to $139.82 and the average price of LTC should be around $130.68.

Litecoin price prediction November 2023: Litecoin’s price for November 2023 according to our analysis should range between $122.65 to $141.11 and the average price of LTC should be around $131.88.

Litecoin price prediction December 2023: Litecoin’s price for December 2023 according to our analysis should range between $123.77 to $142.40 and the average price of LTC should be around $133.09.

Litecoin's Long Term Price Prediction

Litecoin’s long term Price Prediction below is a look at LTC’s future prospect with regards to price. Litecoin was last seen at $100.49, with a market cap of $7,258,997,622 and trading volumes of $664,881,798. LTC’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.

YearsAvg PriceLowest PriceHighest Price
2023$133.09$106.47$159.70
2024$94.66$75.73$113.59
2025$111.74$89.39$134.08
2026$131.89$105.51$158.27
2027$155.68$124.55$186.82
2028$183.77$147.01$220.52
2029$216.91$173.53$260.30
2030$256.04$204.83$307.25
2031$302.22$241.78$362.67
2032$356.74$285.39$428.09
2033$421.09$336.87$505.31
2034$497.04$397.64$596.45

Litecoin price prediction 2023: Litecoin’s price for 2023 according to our analysis should range between $106.47 to $159.70 and the average price of LTC should be around $133.09.

Litecoin price prediction 2024: Litecoin’s price for 2024 according to our analysis should range between $75.73 to $113.59 and the average price of LTC should be around $94.66.

Litecoin price prediction 2025: Litecoin’s price for 2025 according to our analysis should range between $89.39 to $134.08 and the average price of LTC should be around $111.74.

Litecoin price prediction 2026: Litecoin’s price for 2026 according to our analysis should range between $105.51 to $158.27 and the average price of LTC should be around $131.89.

Litecoin price prediction 2027: Litecoin’s price for 2027 according to our analysis should range between $124.55 to $186.82 and the average price of LTC should be around $155.68.

Litecoin price prediction 2028: Litecoin’s price for 2028 according to our analysis should range between $147.01 to $220.52 and the average price of LTC should be around $183.77.

Litecoin price prediction 2029: Litecoin’s price for 2029 according to our analysis should range between $173.53 to $260.30 and the average price of LTC should be around $216.91.

Litecoin price prediction 2030: Litecoin’s price for 2030 according to our analysis should range between $204.83 to $307.25 and the average price of LTC should be around $256.04.

Litecoin price prediction 2031: Litecoin’s price for 2031 according to our analysis should range between $241.78 to $362.67 and the average price of LTC should be around $302.22.

Litecoin price prediction 2032: Litecoin’s price for 2032 according to our analysis should range between $285.39 to $428.09 and the average price of LTC should be around $356.74.

Litecoin price prediction 2033: Litecoin’s price for 2033 according to our analysis should range between $336.87 to $505.31 and the average price of LTC should be around $421.09.

Litecoin price prediction 2034: Litecoin’s price for 2034 according to our analysis should range between $397.64 to $596.45 and the average price of LTC should be around $497.04.

A Historical look at Litecoin, LTC’s price:

LTC/USD Pair

LTC
compare-icon
USD
7 February 2020
73.35
signal-icon
LTC
compare-icon
USD
7 February 2021
155.63
signal-icon
212.17
trend-icon
LTC
compare-icon
USD
7 February 2022
127.60
signal-icon
81.99
trend-icon
LTC
compare-icon
USD
7 February 2023
100.49
signal-icon
78.75
trend-icon

LTC/EUR Pair

LTC
compare-icon
EUR
7 February 2020
66.80
signal-icon
LTC
compare-icon
EUR
7 February 2021
129.17
signal-icon
193.36
trend-icon
LTC
compare-icon
EUR
7 February 2022
111.42
signal-icon
86.26
trend-icon
LTC
compare-icon
EUR
7 February 2023
93.69
signal-icon
84.08
trend-icon

FAQs about Litecoin

What is price of Litecoin as of today 7th February 2023?

Litecoin’s current price is $100.49 and witnessed a 2.89% increase in the past 24 hours. LTC/BTC pair saw a 1.72% increase in the past 24 hours.

Is LTC a good investment?

Investing in Litecoin, LTC will purely depend on your personal risk appetite. As you can see over the past 24 hours Litecoin’s price has witnessed a 2.89% increase and over the past 30 days Litecoin has increased by 31.60%. So it all depends on if this investment will hit your trading goals.

How high can Litecoin’s price go this year in 2023?

According to our latest Litecoin Price prediction for 2023, LTC should vary between $159.70 and $106.47 Please keep in mind that the crypto market is very volatile and this Litecoin price prediction does not account for extreme wild swings in price.

How much will Litecoin be worth in 2023?

As per the Litecoin price prediction undefined model above, LTC’s price for undefined should range between $undefined to $undefined with the average price for undefined being $undefined.

How much will Litecoin be worth in 2024?

According to the Litecoin Price Prediction model above, LTC’s price in 2024 would be $94.66. This price would however would range from $113.59 and $75.73.

How much will Litecoin be worth in 2025?

According to the Litecoin Price Prediction model above, LTC’s price in 2025 would be $111.74. This price would however would range from $134.08 and $89.39.

How much will Litecoin be worth in 2026?

According to the Litecoin Price Prediction model above, LTC’s price in 2026 would be $131.89. This price would however would range from $158.27 and $105.51.

How much will Litecoin be worth in 2027?

According to the Litecoin Price Prediction model above, LTC’s price in 2027 would be $155.68. This price would however would range from $186.82 and $124.55.

How much will Litecoin be worth in 2028?

According to the Litecoin Price Prediction model above, LTC’s price in 2028 would be $183.77. This price would however would range from $220.52 and $147.01.

How much will Litecoin be worth in 2029?

According to the Litecoin Price Prediction model above, LTC’s price in 2029 would be $216.91. This price would however would range from $260.30 and $173.53.

How much will Litecoin be worth in 2030?

According to the Litecoin Price Prediction model above, LTC’s price in 2030 would be $256.04. This price would however would range from $307.25 and $204.83.

How much will Litecoin be worth in 2031?

According to the Litecoin Price Prediction model above, LTC’s price in 2031 would be $302.22. This price would however would range from $362.67 and $241.78.

How much will Litecoin be worth in 2032?

According to the Litecoin Price Prediction model above, LTC’s price in 2032 would be $356.74. This price would however would range from $428.09 and $285.39.

How much will Litecoin be worth in 2033?

According to the Litecoin Price Prediction model above, LTC’s price in 2033 would be $421.09. This price would however would range from $505.31 and $336.87.

How much will Litecoin be worth in 2034?

According to the Litecoin Price Prediction model above, LTC’s price in 2034 would be $497.04. This price would however would range from $596.45 and $397.64.

What was the highest price of Litecoin?

The highest price for Litecoin was recorded in 10th May 2021 during which LTC hit an All Time High of $410.26

What is the price of 1 Litecoin?

The price of 1 Litecoin according to current market rate is $100.49