The longer-term picture hasn’t changed since our last update. Bitcoin is still range-bound on the daily charts while LTC continues the downtrend. During the past seven days, however, both coins got a lift with BTC rallying by $17 while LTC is up by 7 cents.
So it goes down.Also, you can see the price is unable to get through the 21-day MA,… Despite the fact that the Litecoin project was published on the GitHub service on October 7, 2011 by Charlie Lee, the crypto market only learned about the new token in the spring of 2013. LTC originated as a fork of the Bitcoin client and was valued at $4.30 or 0.031 BTC per coin. In November and December, an upward trend may start, with the price rising to 82.67 and 115.22, respectively.
Despite the potential profits, there are risks, including a lack of investor interest and competition with other cryptocurrencies. The Litecoin blockchain is developing rapidly, but this has little effect on the price of the asset itself. The latest Mimblewimble Extension Block (MWEB) updates and halving added only a few percent and largely went unnoticed. High competition among more modern blockchains makes the prospects for Litecoin very vague. Since the beginning of May, “cryptocurrency silver” has risen in price by 20% to $97 dollars.
EUR to LTCDOWN Converter Stats — Volatility and changes in Euro price (LTCDOWN denominated)
According to experts, the Litecoin rate may exceed the $1,000 mark in the long term, in 25 years. Thus, in January 2040, the token’s price will trade at $4,528, continuing to grow further. However, these estimates are approximate, and the real value will depend on various fundamental factors.
Litecoin Price Predictions for 2026–2029
Always do your own research, and do not invest more than you can afford to lose. Then came a new shock – the conflict between the Russian Federation and Ukraine. Private investors saw the salvation of their capital in cryptocurrency, but this did not add confidence in the long term. Geopolitical tensions and instability in the stock market and the commodity market contributed to the development of the bearish trend for the LTCUSD pair from March to June 2022. Litecoin price forecast for 2030 refers to long-term planning. In a few years, Litecoin may begin to move in a different direction due to various fundamental factors.
The year 2050 will be determined by the maximum LTC price of $60,353. The year 2040 will be determined by the maximum LTC price of $41,119. The year 2033 will be determined by the maximum LTC price of $2,391.
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- View and upvote the most commonly reported Ledger Litecoin (LTC) issues to help us better indicate the service status.
- However, the emerging altcoin market at the same time began to attract the attention of an increasing number of enthusiasts, who also highlighted LTC.
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- By the end of this year, the price may increase in the impulse wave (C) to the previous high of 115.22, where a large motive wave W ended before.
- Like most other Litecoin price forecasts, the one from Digital Coin Price is also bullish on this digital asset.
Now, let’s take a look at the result of the LTC technical analysis performed by Trading View. Digital assets like Ethereum, which were more technologically advanced than the Litecoin cryptocurrency, attracted more crypto investors. Nowadays, LTC is still used for quick and cheap transactions, but a lot of Litecoin predictions state that the coin needs wider adoption and more partnerships to truly shine. During the last month, the price of LTC has increased by 1.58%, adding a colossal average amount of $1.38 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow. However, the altcoin has been saved from major losses this week due to the Bitcoin rally.
Nonetheless, they have different hash functions, and Litecoin was specifically designed to process transactions four times faster than Bitcoin. Unlike most other platforms, TradingBeasts is bearish on LTC. They think that Litecoin’s price and market cap are going to decline in both the short- and the long run. Despite having a solid technical foundation, Litecoin doesn’t really have any of those things. A decisive breakout above $4.16 could end the current downtrend.
- When making long-term price forecasts, it is crucial to consider the opinions of acknowledged public experts, as they can significantly influence market expectations and behavior.
- Whether LTC is a good investment depends largely on your investment horizon and risk appetite.
- But as we mentioned above, the daily picture is still undecided as we can see on the chart below.
- In addition, the coin price is not growing as quickly as other cryptocurrencies.
- If you’re wondering, “Is Ledger Litecoin (LTC) down?”, or need to know itscurrent status, we’ve got you covered.
- Analysts use various indicators such as moving averages, support and resistance levels, the RSI (relative strength index), and MACD (moving average convergence divergence) indicators.
Then, TradingBeasts predicts that Litecoin’s price will start rising again. However, they do not see LTC hitting a new ATH in the next few years. In the past 24 hours, the crypto has increased by $1.26 in its current value. Energy trading connects global markets to the vital resources that power economies—oil and natural gas. These commodities aren’t just essential for industries and homes; they’re also dynamic assets for traders, influenced by geopolitics, supply, and demand.
However, experts anticipate higher growth rates in the long term. For example, in anticipation of the halving scheduled for August 2023, the cryptocurrency showed ltcdown significant growth. In the weeks leading up to the event, Litecoin was up about 8% in seven days. According to historical data, LTC begins to rise approximately 200 days before the halving event and continues to rise until approximately 35–40 days before it. In 2023, the token began to increase in price on January 16, which led to an increase in its value by 15%.
It is considered an important factor influencing the price since it directly affects the supply of Litecoin in the market. In 2025, a bearish motive wave Z is expected to develop as a standard zigzag. The price will highly likely fall to 71.98 by May 2025 and gradually grow in a corrective wave afterward.