Can Litecoin (LTC) Reach $100?
Litecoin is one of the oldest cryptocurrencies that have managed to keep flourishing. It has been on the market for over a decade now and counts as one of the most popular altcoins in the crypto world.
From its launch till this year, Litecoin has been through many ups and downs, which is why it is crucial to predict its future growth. So, we're here to analyze the upcoming future of Litecoin for you.
But the questions appear, how high can these prices grow? Will it even grow or completely crash down in the upcoming years? Since Litecoin is a bit unpredictable, these questions are valid.
In this article, we have answered all the important questions and concluded the history of Litecoin that enables us to analyze its future growth and predictions. So, study this in-depth overview of the upcoming cycle so you can make the right investments and earn long-term benefits.
Start investing in Litecoin right now with Coinbase!What is Litecoin (LTC)?
Litecoin is a cryptocurrency created in the Bitcoin blockchain from a fork in 2011. The creators of Litecoin designed it as a solution to address developer concerns when Bitcoin was becoming too centrally controlled.
Litecoin also intended to prevent largescale mining firms from gaining the upper hand in mining. However, the coin failed in this aim but later evolved into a minable coin. As a result, Litecoin is now available as a peer-to-peer system.
Although Litecoin is similar to Bitcoin in many ways, it has much faster and more efficient transactions than the top cryptocurrency globally. Litecoin's price stands at $110.21 with a $7.7 billion market cap.
In addition, the coin has an $836.1 million 24h trading volume with a 70.1M LTC circulating supply. The Litecoin circulating supply is halved every four years to retain its value.
| Ticket | LTC |
|---|---|
Max supply |
84,000,000 |
Total supply |
66,752,415 |
1-year price low |
$0 |
1-year price high |
$0 |
Current Price |
$0.00 |
Market cap |
$0 |
Markets |
Binance, Huobi Global, Coinbase |
What Influences LTC Price?
| Litecoin (LTC) | |
|---|---|
1m return |
0.00% |
1y return |
0.00% |
Maximum Supply
The maximum supply limit of Litecoin affects its price the most. If the interest in a coin is high, but the supply is low, the price will inevitably increase. Conversely, if the interest is low and the supply is plenty, the price will decrease.
The creators of Litecoin only make a small number of coins available for trading per year, which increases its price rapidly.
Crypto Cycle
The crypto cycle has four phases. That includes the slow accumulation, the quick run-up, the plateau in price, and the subsequent price drop. This pattern repeats every cycle no matter what the market is or the coin is.
No matter how successful a cryptocurrency is, it will experience its highs and lows. For example, at the end of the bull cycle, Litecoin's price drops before slowly rising again in the next cycle.
Cost of Production
Of course, the cost of production is an important factor that affects Litecoin's price. Since it has a similar structure to Bitcoin, Litecoin's cost of production is calculated by direct fixed costs for infrastructure and electricity for mining the coins.
Important News
Trending news, especially social media, also affects the price and investor interest. Other than that, celebrity interest is another great influence on Litecoin price.
What Could Litecoin (LTC) Be Worth in 10 years?
Crypto forecasters have analyzed the worth of Litecoin per token in the next ten years. Here's all you need to know about Litecoin's price in the next decade and what factors affect this price.
Litecoin Price Prediction for the 2030s
Right now, Litecoin costs $110.21 per token, and it had an all-time high of $412 in 2023. However, its price has fluctuated between $105 and $110 for the past month. Coin Price Forecast experts predict major growth for the coin in 2029.
Litecoin's price will be $473 at the beginning of 2029 and rise to $492 within the year's first half. When 2029 ends, LTC will be at $520. By the time we reach 2033, LTC can soar even higher than $737.
Here's a more detailed overview of the price of Litecoin in ten years:
LTC will be at $118 by 2023, with a 6% increase.
LTC will be at $140 by 2023, with a 26% increase.
LTC will be at $184 by 2024, with a 66% increase.
LTC will be at $231 by 2025, with a 108% increase.
LTC will be at $231 by 2026, with a 108% increase.
LTC will be at $222 by the end of 2027 with a 100% increase.
LTC will be at $249 by 2028, with a 124% increase.
LTC will be at $240 by 2029 with a 116% increase.
LTC will be at $266 by 2030, with a 140% increase.
LTC will be at $277 by 2031 with a 150% increase.
LTC will be at $301 by 2032 with a 171% increase.
Litecoin Price Predictions 2025
2025 is a year of positive growth for Litecoin as WalletInvestor experts have predicted a renewal of its price during 2025-2030. LTC costs $112 per token, but in three years, it will cost approximately $253.32, according to a pessimistic forecast.
Meanwhile, a basic forecast predicts $322.45, and an optimistic forecast shows possibilities for the coin to reach $395.54.
Here's a more detailed monthly price prediction of Litecoin:
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January 2025 Litecoin price prediction: $254
-
February 2025 Litecoin price prediction: $272
-
March 2025 Litecoin price prediction: $276
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April 2025 Litecoin price prediction: $298
-
May 2025 Litecoin price prediction: $282
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June 2025 Litecoin price prediction: $279
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July 2025 Litecoin price prediction: $278
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August 2025 Litecoin price prediction: $290
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September 2025 Litecoin price prediction: $278
-
October 2025 Litecoin price prediction: $287
-
November 2025 Litecoin price prediction: $297
-
December 2025 Litecoin price prediction: $322
Will Litecoin Hit $1,000?
The founder of Elevate Trading, Nebraskan Gooner, predicted last year that Litecoin has the potential to reach $1,000 per token soon. He stated that it could even soar to $1,500 in the coming years.
Experts have analyzed that Litecoin can hit the 1k mark within the next ten years, if not sooner. That's because LTC has shown remarkable growth in the past and will continue to retain this growth due to investor interest.
88% of all available Litecoins will have been mined in the next five years. Therefore, the network will have to reach a $74 billion market cap for LTC to cost $1,000 within the next five years. However, it's hard to make such predictions accurately.
Cryptocurrencies are volatile, and there's no way to predict investor interest. However, we can consider factors such as supply and price history. So, if you're wondering, "Will Litecoin reach $1000?" here's the answer: it's possible!
Can Litecoin Reach $5,000 or $10,000?
It's not probably for Litecoin to reach $5,000 or $10,000 soon. However, experts have made optimistic predictions about Litecoin prices and stated that they might reach $1,000 in five to ten years. But that's as good it gets.
It's nearly impossible for Litecoin to reach $10,000 since it will already require $74 billion to reach $1,000 per token. So, for LTC to cost $10,000 within the next ten years, it would require a market cap of approximately $740 billion.
Of course, that's a large sum to acquire, and it doesn't take a market genius to know that won't happen in the next five years. So, if you're wondering, "Will Litecoin reach $10,000?" here's the answer: it's completely impossible!
Should I Invest in Litecoin (LTC) Right Now?
The growth rate of Litecoin is pretty impressive, which is why it has the potential to reach $1,000 in the next ten years. Unfortunately, the coin experienced a low in 2020, which undoubtedly shook the network's confidence. But, by 2023, things finally turned around, and LTC's price started rising rapidly again.
The cryptocurrency reached its all-time high in May of 2023, and its growth rate is still positive. Therefore, LTC is a good investment if you choose the perfect time to make your move.
However, investing in crypto is ultimately personal and at your discretion. In addition, the industry is very volatile and unpredictable, so you must be wise about where you place your money.
If you're a beginner in crypto, we'd recommend starting with a small amount in investment. Then, you'll be able to gauge the coin's performance and go for more long-term investments.
Where to Buy LTC?
Here are the two best crypto exchanges that support Litecoin. We considered the payment methods, assets, fees, and security required by each exchange.
Coinbase
Coinbase is mainly popular due to its wide variety of over 150 supported cryptocurrencies, including Litecoin. In addition, the exchange has an easy-to-navigate platform ideal for those with minimum experience in the crypto world.
Don't worry if you're looking for something more professional and advanced because they've got something for you. You might want to opt for Coinbase Pro instead, which comes with special features and memberships only for the pros of the crypto world.
The transaction fees on Coinbase depend entirely on the transaction amount, but they can range between 0% to 0.60%. In addition, if you're a new investor, you can take advantage of the custodial feature, which allows you to store your coins on the exchange easily.
Kraken
Kraken is another exchange with a versatile and wide range of coins. On this exchange, you can trade over 120 cryptocurrencies, including Litecoin. The transaction fees on Litecoin depend entirely on the transaction amount, but they can range between 0% to 0.26%
This makes Kraken a much more affordable alternative to Coinbase while still offering the same features. If you're looking for something more professional and advanced, they've got something for you. You might want to opt for Kraken Pro instead, which comes with even lower fees and memberships only for the pros of the crypto world.
Lastly, Kraken also offers advanced order types, margins, and futures trading to its members.
Kraken Fees Review - Is Kraken Cheaper Than Coinbase?Summary
Litecoin is one of the oldest cryptocurrencies in the industry, as it was founded 12 years ago. It's similar to Bitcoin in many ways, but it has a different algorithm. Currently. LTC costs $112 per token, but experts have predicted that it to reach $1,000 in the next ten years.
While LTC reaching $10,000 is improbable, it's still a good investment. Sign up on exchanges such as Coinbase and Kraken to invest and trade LTC wisely.
FAQs
Here are the answers to the most frequently asked questions about Litecoin.
How much will Litecoin be worth in 5 years?
LTC will be at $249 by 2028, with a 124% increase.
How high can Litecoin go realistically?
Experts predict that LTC will be at $301 by 2032 with a 171% increase.
Does Litecoin have a future?
It's not likely for Litecoin to reach $5,000 or $10,000 soon. However, experts have made optimistic predictions about Litecoin prices and stated that they might reach $1,000 in five to ten years.
How much will Litecoin be worth in 10 years?
Litecoin's price will be $473 at the beginning of 2029 and rise to $492 within the year's first half. When 2029 ends, LTC will be at $520. By the time we reach 2033, LTC can soar even higher than $737.
How Does a Litecoin ATM Work?
There are two types of Litecoin ATMs: one-way ATMs and two-way ATMs. One-way Litecoin ATMs allow you to insert physical cash and receive LTC in your digital wallet. Two-way Litecoin ATMs allow you to send LTC online and receive physical cash.
Can Litecoin be Hacked?
The Litecoin blockchain is decentralized across various independent nodes, strengthening security. All nodes will not get compromised if simply one node is compromised. So, if it was possible to hack Litecoin, it would've been hacked by now.
Plus, it's always better to opt for a decentralized exchange instead of a centralized one. Unfortunately, the latter gets hacked pretty often.
Can I Buy Litecoin Without an ID?
It's understandable to want to buy crypto anonymously to protect your personal information. Well, you're in luck because it's completely possible. Several exchanges allow you to buy and sell Litecoin without giving your ID or SSN. However, there's a certain limit to anonymous crypto transactions.
How Long Does Litecoin Take to Transfer?
The Litecoin blockchain adds a new block every 2.5 minutes, and each block can only handle several thousand transactions. So if you're paying a higher transaction fee, you'll be given priority over other transactions.
But, at most, you won't have to wait more than 15 to 30 minutes for a Litecoin transaction.
Team that worked on the article
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.
He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.
Rinat Gismatullin is an entrepreneur and a business expert with 9 years of experience in trading. He focuses on long-term investing, but also uses intraday trading. He is a private consultant on investing in digital assets and personal finance. Rinat holds two degrees in Economy and Linguistics.
Gismatullin has been an author at Traders Union since 2019. His focus is creation of detailed reviews of brokerage companies and cryptocurrency exchanges, as well as analytical and educational articles on finance.
Rinat’s motto: Always be open to new experiments. By overcoming the hardships you will reach the stars that open to those who seek.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.