Will Litecoin Ever Make It to The High price Again?

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Litecoin is among the top 3 performing crypto asset of 2019, even beating out Bitcoin itself. At the start of 2019, after the bottom of the bear market was reached, many began to wonder “why is Litecoin going up” when the rest of the market is stagnant. However, Litecoin’s halving – a pre-programmed reduction in the block reward LTC miners receive – caused the LTC price to skyrocket, reaching over 600% returns before it began to correct.

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The halving caused even the loftiest LTC price predictions for 2019 to be easily beaten, but shortly after that the market price of Litecoin began going down.

Now, once again crypto investors and traders interested in LTC are asking the questions

“will Litecoin go up in value,” “how high will Litecoin go,” and “will Litecoin ever reach 1000 dollars per LTC.” However, given how strong Litecoin has historically performed Litecoin will rise once again, and this LTC price forecast guide will reveal how much projected value and estimated growth in Litecoin’s market price will occur in the future.

Litecoin Experts Weigh in On Litecoin Projected Growth

The Litecoin forecast is bright, especially considering all of the support the crypto asset has earned from industry experts and big-name investors alike.

Dan Gambardello, Youtuber and Founder of Crypto Capital Venture

Crypto Capital Venture founder Dan Gambardello us exceptionally bullish on cryptocurrencies, but especially Bitcoin and Litecoin. Gambardello launched his own crypto-focused venture capital firm and looks to fund projects throughout the cryptocurrency industry. Not only is the nod of support from Gambardello significant, but he also has compared current price action in Litecoin to 2016’s price action, when Litecoin rallied to $300 after consolidating around $4 for some time. This time around, Gambardello believes Litecoin “Litecoin consolidates at around $70 before [a] massive run to $1,000+” in 2019.

Kim Rometo, Miami Dolphins Vice President & Chief Information Officer

In addition to Litecoin being named the official cryptocurrency of the UFC, it was also named the official cryptocurrency of the Miami Dolphins NFL football franchise. When the partnership was announced, Kim Rometo, Miami Dolphins Vice President & Chief Information Officer said that the “Miami Dolphins are always looking for ways to enhance the fan experience, and this partnership with Litecoin provides the ability for guests to enjoy our 50/50 raffle while donating to a great cause,” giving Litecoin its official stamp of approval.

Weiss Ratings, US-Based Investment Data Provider

Weiss Ratings is among the most respected investment data analysis firms in the financial market, providing investors with advice on which assets are expected to perform the best in the long term, but don’t offer any LTC price predictions. However, they do rate Litecoin as “excellent” in their ratings system, which is the highest remark any asset can receive.

Litecoin Historical Price Data

Litecoin’s supply is hard-capped at 84,000,000 LTC, with 63,240,704 LTC in circulation. In 2017 Litecoin reached its all-time high of $360.66 before falling back down to roughly $20 before bouncing back higher ahead of the halving in 2019.

At its height in 2019, Litecoin was trading at $140 per LTC coin, nearly half of its all-time high and an over 600% gain from its bottom price. Litecoin future price is only expected to increase from here.

Litecoin price has come a long way since it first launched many years ago. It started its price at around $3 per LTC, and has gone through a number of bubble cycles or “alt seasons” that have helped drive up the price significantly before a small correction occurs. Despite the corrections, Litecoin has a strong long-term price trajectory and outlook that suggest that Litecoin potential is extremely high.

Litecoin Price Technical Analysis and Price Potential

Technical analysis can be used to help investors and traders come up with a short-term and long-term price prediction for Litecoin, beyond just speculation. Here’s a breakdown of LTC price predictions broken down by year from some of the best industry analysts.

Litecoin Price Prediction 2020

Analyst DCN Crypto Cartel has made a LTC price prediction of $141, the previous high price before the Litecoin halving took place. Right before the halving occurred, Litecoin price began to drop, forming a bullish wedge pattern. The analyst suggests that the Litecoin broke up from the pattern and is targeting a retest of the former high in 2020.


Another analyst, named Moe Mentum, has a bearish view for Litecoin in 2020, expecting it to close out the year around $31.16 before it begins to rebound. This price level is above the former bear market bottom, which would make $31 a higher lower on longer timeframes, which would be bullish in the long term.


Analyst Fract sees a bit more bullish action from LTC in 2019 and 2020, which would take the price of the crypto asset to a target of $425 potentially – which would be a new all-time high for Litecoin.


Litecoin Price Prediction 2021 – 2022

Ambassador J’s analysis shows much Litecoin potential, that is if a massive cup and handle pattern plays out on Litecoin price charts. If that happens, the analyst is expecting a return to the previous LTC all-time high of $360.


Clark05 also sees a bullish cup and handle pattern forming on LTC charts, but this analyst’s price target is lower at around $229. Cup and handle patterns are exceptionally bullish price patterns that suggest a powerful move is ahead. A cup and handle of this size could have tremendous upside price potential.


Litecoin Price Prediction 2023 – 2025

The longer the timeframe, the higher the LTC price prediction. In Alizefans analysis, the trader sees Litecoin price reaching a realistic peak of $4,736 in the next five years, with bullish momentum really taking off in 2023. The prediction is helpful to understand what heights Litecoin can potentially achieve in the future.


While the previous prediction was high, the next price prediction suggests that Litecoin will moon significantly by 2025, bringing the price of Litecoin to as much as $80,000 per LTC token.


Conclusion: Is Litecoin a Good Investment and How Much Will LTC Be Worth?

Using the analysis from some of the industry’s best analysts and traders, LTC projected growth could reach a profitable projection as high as $80,000 in the long-term outlook, which would make it among the best performing assets of all-time, next to Bitcoin.

Litecoin has been struggling to reclaim its previous all-time high, and according to analysis lower prices could be met before some of the biggest price predictions are ever reached. On the lowest end of the scale, analysts see $31 as the absolute bottom for Litecoin in the days ahead.

The below table can be used as a quick reference for the minimum and maximum projections that can be expected for Litecoin from 2019 to 2025. Beyond that, anything is possible depending on how widely cryptocurrencies are adopted and if they begin to replace fiat currencies like the Euro or USD.

Year

Potential High

Potential Low

2019

$141

$30

2020

$425

$81

2021

$1,000

$157

2022

$4,736

$1,298

2023 – 2025

$80,000

$8,721

Due to how far Litecoin has come, growing from low prices around $3 to as much as $360 at its all-time high peak price, it’s clear that Litecoin is a strong performing investment. With the asset’s price rising and falling to such extremes, Litecoin is a trader’s dream as they can profit from both long and short positions as LTC bounces between peak and trough.