On the contrary, a growing number of Litecoin investors and crypto experts are betting on the possibility of LTC hitting $1,000 by the end of the year or the current crypto market rally. They don’t even dispute its ability to amass this market capitalization and reach $1,000 in the next five years. To reach a $1,000 valuation by this time, the Litecoin network will need to accumulate a market capitalization of $74 Billion.Ĭurrently, most crypto analysts are convinced that Litecoin is massively undervalued and, therefore, expect its price to post astronomical jumps in the next few years. Within the next five years, 88% of these (approximately 74 million) LTC Coins will have been mined. Litecoin is an inflation-proof cryptocurrency, implying that it has a maximum fixed supply of 84 million coins.
So, it is reasonable to assume that LTC may not reach $1,000 in five years but it will get closer to it. Trading Beasts believes $1,000 won't be passed by late 2023, as Litecoin will reach $322.67 by December. WalletInvestor believes that in the next five years, Litecoin will reach $731, closing to the $1k.Įlsewhere, DigitalCoin forecasts Litecoin reaching $ 829.4 in 2026, getting closer to its goal. Meanwhile, most other forecasters believe it will take a few years for Litecoin to reach $1,000 per coin. Some analysts think that Litecoin will reach $1,000 far sooner than five years. Many estimate that it may happen before 2025. However, when exactly this will be is unclear as price predictions do not all agree. According to an LTC_Cro survey, 82.4% of Litecoin investors believe that Litecoin may reach the value of $1,000 in the next five years. Whether Litecoin will reach $1000 in the next five years is questionable and depends on several factors.
We also look at the factors that analysts believe will have the greatest impact on LTC prices during this period. We answer all these in this Litecoin price prediction guide and go through different LTC investors and crypto experts’ forecasts. But how high up can the cryptocurrency go? More importantly, can it reach $1,000 in the next five years? Nevertheless, analysts are confident that there is still room for LTC price improvement. It has gone ahead and sustained this bull run for the past five months, and this saw it break above its 2017 all-time high and set a new price record of $412.96 on 10 th May 2021. Litecoin started rallying in October 2020, and by 1 st January 2021, LTC price had more than doubled, jumping from $48 to around $144.
#Lite coin value upgrade
It took the altcoin founder’s ( Charlie Lee ) return to the fold, strategic partnerships with Visa and PayPal, as well as the MimbleWimble upgrade to help kick-off the current price run. It even set a support and resistance level at around $20 and $150, respectively. It only picked up pace in the last quarter of 2017, during which time it set an all-time high of $375.īetween 2018 and the last quarter of 2020, Litecoin was stuck in a cyclic price loop of exciting swings and frequent reversals. For the next four years, the Bitcoin fork recorded depressing price performance. Launched in October 2011, the coin was valued at $4.30 when it first went live in April 2013. Litecoin remains a popular cryptocurrency and one of the ten largest crypto projects with a market capitalization of $12.5 Billion. Analysts at Coin Price Forecast are confident that the value of Litecoin LTC will reach the $200 level and soar to $224 by the end of the year and sustain a steady rise towards $446 over the next five years.ĭigital Coin Price is confident that the Litecoin LTC value will have risen to $ 654.51 by May 2026 and end the same year trading at $ 617.16.
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