Table of Contents
What is Litecoin?
Litecoin or LTC represents peer-to-peer cryptocurrency that aims to enable instant, near-zero cost payments that can be done between people or institutions. This cryptocurrency was created on October 7, 2011, by Charlie Lee. He is a former employee of Google and an Engineering Director at Coinbase. LTC was designed as a peer-to-peer network. Litecoin was coined as a complementary currency to Bitcoin. It aimed to solve Bitcoin-related issues, like transaction timing and concentrated mining pools. It was also created to make crypto more accessible to the general public.
If you look closely, Litecoin and Bitcoin have many similarities, but it cannot be neglected that Litecoin has some additional features and advantages. Some are improved capacity, higher supply limits, and faster block generation.
The initial purpose of Litecoin was to present itself as’ silver to Bitcoin’ gold.’ Some skeptics wonder if Litecoin will ever be more than just a rival of Bitcoin. It is evident that Litecoin is superior to Bitcoin in terms of technology, but that might not help it as Bitcoin has already established a market. Its popularity has made it the gold standard of cryptocurrencies. Every new and old currency has to compete with its popularity. In addition, you can see a new next-generation altcoin emerging almost daily in the market. This has made the entire crypto space even more competitive.
A decade ago, blockchain was a mystery for most of us. Today, you will find a lot of well-established cryptocurrencies that use blockchain technology. These virtual currencies and some more emerging ones can replace traditional money and change the way we perceive currency.
While Bitcoin remains the most notable cryptocurrency, Litecoin easily stands second. It hit the headlines in 2017 and has garnered the attention and investment of many investors. It reached a record high of $375, an 8200% year-on-year increase. It hit a total cap of $19.5 billion.
Volatility is the second name of the crypto space, and recently, this market has seen a continuous decline. This does raise questions like what is going on with Litecoin? What is the future of Litecoin? Will it go up again? Would it recover and set some more records in the future? Stay with us to know more.
Litecoin price predictions have split analysts into two groups. One group is highly optimistic, while the other is still skeptical. The first group of analysts believes Litecoin has not yet yet shown its full potential. According to them, the cryptocurrency can reach as high as $595 by 2030. However, the second group believes that the crypto can set another winter, and the trends will be bearish. As a result, they think that the value of Litecoin can depreciate and stand as low as $1.5 by the end of 2024.
Have these statements left you more confused? Then, we have got you covered! Read this article, and you can find the truth with us. We will take a closer look at the factors that can influence the value of Litecoin. We will also review its latest performance, analyze developments in crypto, and check Litecoin predictions for this year and the coming years.
Litecoin Year 2025 Price Prediction
Litecoin Price Prediction for End of 2025
By the end of 2025, Litecoin (LTC) is expected to experience significant market activity driven by technical factors and broader macroeconomic influences. Here’s a detailed forecast:
Technical Outlook
-
Price Range Expectation: Litecoin is likely to trade between $180 and $250 by December 2025, assuming the continuation of its historical price patterns and market cycles.
-
Support Levels: Strong support could be established around the $150 mark, with further solid support at $130.
-
Resistance Levels: LTC may face resistance near $220, with a potential breakout pushing the price towards $250 if bullish momentum prevails.
-
Moving Averages:
- The 50-day moving average is expected to hover around $190 by Q4 2025.
- The 200-day moving average could stabilize near $170, indicating long-term strength.
-
RSI Projections: The RSI is expected to oscillate between 55 and 65, suggesting a moderately bullish sentiment without entering extreme overbought conditions.
Litecoin Price Prediction 2025
Litecoin’s price projection for 2025 shows that this crypto can rise to $220. Based on Bitcoin’s rising history, high inflation, and recession, there is high uncertainty related to Litecoin’s price.
Litecoin Price Analysis
As of February 17, 2025, Litecoin (LTC) is trading at $121.89, experiencing a slight decrease of $4.95 (approximately 3.90%) from the previous close.
Recent Performance: Litecoin has shown resilience over the past month, with a notable gain of 16.85%. On a broader scale, the cryptocurrency has appreciated by 63.05% over the past year, indicating strong long-term momentum.
Technical Indicators:
- Support Levels: Key support levels are identified at $99.81, $97.15, and $93.25.
- Resistance Levels: Resistance is anticipated at $106.38, $110.27, and $112.94.
- Relative Strength Index (RSI): The RSI stands at 42.50, suggesting a neutral market sentiment.
- Moving Averages: The 50-day Simple Moving Average (SMA) is at $109.90, and the 200-day SMA is at $85.68, with the current price trading above both averages, indicating a bullish trend.
Market Sentiment: The Fear & Greed Index is currently at 44, reflecting a state of ‘Fear’ among investors. This sentiment can often present buying opportunities for contrarian investors.
Price Predictions:
- Short-Term Forecast: Analysts project that Litecoin could reach approximately $120.43 by February 13, 2025, representing a potential increase of 16.02% over the next five days.
- Long-Term Outlook: Predictions for 2025 vary, with some forecasts suggesting an average price of $134.97 in March 2025, potentially reaching up to $144.41.
Conclusion: Litecoin’s recent performance showcases its resilience and potential for growth. While technical indicators and market sentiment provide valuable insights, it’s essential to approach these predictions with caution due to the inherent volatility of the cryptocurrency market. Investors must conduct thorough research and consider their risk tolerance before making investment decisions.
Is LTC Still Worth Your Investment?
Litecoin rose to fame as it was introduced as an upgraded crypto that uses modern and relevant technologies. Litecoin was a pioneer in implementing Atomic swaps and SegWit protocol. It revolutionized the way cryptocurrency payments were made. Regarding technology and ease of operation, it was better than Bitcoin.
Despite being an upgrade of the previous crypto, it struggled in many ways. One of the main struggles the altcoin faced was when Bitcoin introduced the SegWit protocol. This made LTC lose one of its most crucial edges over its competition.
CEO of crypto hedge fund BitBull Capital, Joe DiPasquale, expressed that the LTC price action did follow Bitcoin’s, but that was just history. The altcoin is currently facing a lot of troubles on many fronts. New capital flow is absent, and the transaction volume has remained tame. In addition to that, the failure of August’s halving made things worse. He also said that the miners are abandoning the LTC network due to a reduction in reward. This has also raised concerns regarding the security of the network.
The MD of Amulet (a platform for crypto-to-crypto derivations) also shared his opinion. He believes that the decline in LTC price is directly related to the concerns regarding the development of this currency and uncertainty about how it will be funded in the future.
Charlie Lee supposedly told the director of the Litecoin Foundation, Franklyn Richards, that no one is showing any interest in working on protocol development work for Litecoin. Once this information got out, everyone’s perspective toward LTC changed. Since that announcement, everything has changed for Litecoin and not for the better. The declaration created panic amongst miners and currency holders.
A study by Sylvain Saurel asserts that Litecoin has minimal potential in the crypto world. According to him, the reason behind LTC’s success in 2017 was the success of Bitcoin. Litecoin was able to capitalize on the newfound interest in people’s cryptocurrencies. As a result, there were fresh investors in the market, and the only alternative available for Bitcoin was Litecoin. However, if we consider the market cap, Litecoin remains among the top 10 cryptos globally; it still isn’t promising enough.
According to Saurel, LTC is highly likely to ride among the top 10 cryptos for the time being., Still, its future is bleak, especially since Bitcoin is about to revolutionize the financial and monetary system.
Since mid-2019, the hash rate of Litecoin has reportedly declined. It reached a new low in 2018.
One important thing to notice here is that the LTC network is working on some changes and improving them for the better. The Litecoin Foundation has worked with Steve Burkett to upgrade the Litecoin protocol by implementing MimbleWible. This could give Litecoin its unique selling point and help it to move away from the shadows of Bitcoin. The downside could be reduced fungibility, which comes with drastic innovations and changes. In addition, the carry can block Litecoin from essential exchanges.
All the above points hint that there is a lot of room for improvement in Litecoin, and it can do it faster than Bitcoin. However, considering the rapid developments of new crypto projects with base codes more suited for microtransactions, can we presume that Litcoin has lost its opportunity to make it to the top?
Should You Invest in Litecoin?
Trading any asset or commodity comes with a certain degree of risk; this risk gets maximized when trading a decentralized item like cryptocurrency. The crypto space has seen several ups and downs. It is still relatively new and unexplored. This makes predicting its future harder.
The crypto space is volatile, an understatement, but the same thing that makes it riskier also gives it the edge. If you plan to invest in Litecoin, you must consider the predictions made by established platforms.
If you are still skeptical or unsure, you can invest in CFD. CFDs dilute the risk factor and allow you to make money irrespective of whether the currency is going up or down. So you can simultaneously go short and long and make a profit.
Read about cryptocurrencies before you decide to make any investment. The best way of keeping the risk at a minimum is education. Keep updated with the latest trends, follow crypto gurus, and learn from your mistakes. Start with a small investment and build your profile simultaneously.
He is an expert in financial niche, long-term trading, and weekly technical levels.
The primary field of Igor's research is the application of machine learning in algorithmic trading.
Education: Computer Engineering and Ph.D. in machine learning.
Igor regularly publishes trading-related videos on the Fxigor Youtube channel.
To contact Igor write on:
igor@forex.in.rs
