Litecoin is one of the oldest cryptocurrencies and is still one of the top 20 cryptocurrencies by market cap. However, it is trading at $75.37 as of April 14, 2024, down by 78.99% compared to its ATH of 359USD. Investors who bought LTC at the top are worried about their investment in Litecoin and wants to know if LTC can recover in 2024.
In this post we will learn about what is Litecoin, what are the features, LTC price prediction, and if it is a good investment in 2024.
Latest Happenings Around Litecoin (LTC)
Litecoin is outperforming the rest of the cryptocurrency market as it approaches its halving event. The halving event is a scheduled event that reduces the reward for mining new blocks by half. This event is typically seen as a positive catalyst for the price of Litecoin, as it reduces the supply of new coins entering the market.
In addition to the halving event, Litecoin is also seeing increased interest from institutional investors. This is evidenced by the fact that open interest for Litecoin futures derivative contracts has surpassed $420 million globally. Open interest is a measure of the total amount of money that has been bet on the future price of Litecoin. The increase in open interest indicates that there is a growing number of investors who are bullish on Litecoin.
Finally, the overall number of LTC addresses participating as senders and receivers has reached 832,000. This number is a proxy for the number of people who are using Litecoin. The increase in the number of LTC addresses indicates that Litecoin is becoming more popular and is being used by more people.
The combination of the halving event increased institutional interest, and growing user adoption is bullish for Litecoin. It is possible that Litecoin could see a significant price increase in the coming months.
Before we deep dive, let’s learn more about LTC.
What is Litecoin?
Litecoin is a peer-to-peer internet money that enables immediate, almost-free payments to anyone in the globe, much like Bitcoin. A global payment network with no centralized authority, Litecoin is entirely decentralized, open source, and available worldwide. Math protects the network by allowing individuals to take control of their financial situation. In terms of transaction confirmation speed and storage effectiveness, the main math-based currency is exceeded by Litecoin. As a tried-and-true payment option to Bitcoin, Litecoin has substantial industry support, transaction volume, and liquidity.
The Litecoin main chain shares a small amount of code with the Bitcoin core, technically speaking. As a practical result of such codebase modifications, lower transaction fees, faster transaction confirmations, speedier mining difficulty retargeting, and faster transaction confirmations are all possible.
Infographic on Litecoin
What is the Smallest Unit of Litecoin
Currency codes for representing Litecoin is LTC.
One Litecoin is divisible to eight decimal places. Units for smaller amounts of Litecoin are lites, millilitecoin (mŁ), equal to 1⁄1000 litecoin, photons, microlitecoin (μŁ), equal to 1⁄100000 and the litoshi, which is the smallest possible division, and named in homage to Bitcoin’s smallest denomination the satoshi, representing 1⁄100000000 (one hundred millionth) litecoin.
History of Litecoin
On October 7, 2011, Charlie Lee published Litecoin through an open-source client on GitHub. On October 13, 2011, the Litecoin network became operational.
Following the introduction, growing exchange availability and liquidity on pioneering exchanges like BTC-e helped Litecoin grow quickly.
The overall value of Litecoin increased dramatically throughout the month of November 2013, growing by 100% in just one day. Lee made the suggestion to the larger Dogecoin community to unite mining (auxPOW) Dogecoin with Litecoin in the beginning of 2014. When Dogecoin and Litecoin started merging their mining efforts in September 2014, Dogecoin gained more security and a block subsidy that was not previously possible with Litecoin mining.
Segregated Witness was initially adopted by Litecoin in May 2017 among the top 5 cryptocurrencies (ranked by market capitalization). Later that same month, in May, the first Lightning Network transaction using Litecoin was finished, sending 0.00000001 LTCfrom Zürich to San Francisco in less than one second.
In 2020, PayPal expanded its Crypto feature to allow users to buy Litecoin derivatives that could not be retrieved or utilized in addition to Bitcoin, Ethereum, and Bitcoin Cash.
The cooperation between Litecoin and Walmart was announced in a fakepress release that appeared on GlobeNewswire in September 2021. Before the press release was discovered to be a scam, this contributed to a 30% spike in the price of Litecoin.
Litecoin’s market capitalization surpassed $8.7 billion in February 2022. PayPal made it possible for users to transfer Litecoin, along with Bitcoin, Ethereum, and Bitcoin Cash, from PayPal to other wallets and exchanges in June 2022.
How it works?
Open Source Software
Litecoin is an open source software project made available under the MIT/X11 licence, which enables you the freedom to use, alter, and duplicate the programme as well as to distribute altered versions of the programme at your discretion. A transparent procedure is used to release the programme, enabling independent verification of the source code and binaries.
Decentralized
A peer-to-peer digital currency called Litecoin offers quick, inexpensive payments to anyone around the world. No CEO, no board, and no central bank. a network of payments that is really global and independent of any central authority.
Secure & Safe
The Litecoin network hasn’t had any downtime in ten years! Mathematics protects the network and gives people the power to manage their own finances.
Features of Litecoin
Your Money
Litecoin (LTC) is a form of open-access, censorship-free, decentralised money. Send payments to anybody, anytime, anywhere for a minimal cost that are private, secure, and borderless.
Blockchain Secured
The Litecoin blockchain is the biggest scrypt-based network in the world, running since 2011 with 100% uptime and safeguarding and tracing billions of dollars’ worth of assets.
Evolving and Immutable
The development of Litecoin led to the invention of cutting-edge technology like Atomic Swaps for cross-blockchain trustless trade and Lightning for instantaneous worldwide fund settlement.
Wallet Encryption
By encrypting your wallet, you may make it safe such that you can monitor transactions and your account balance but must input your password in order to spend litecoins.
This offers defence against Trojans and malware that steal wallets and a sanity check prior to sending funds.
Mining Reward
The number of fresh litecoins given to miners per block is presently 12.5, and it gets cut in half roughly every four years (every 840,000 blocks).
84 million litecoins, or four times as many money units as Bitcoin, are therefore expected to be produced by the Litecoin network.
Litecoin Projects & Ecosystem
The Litecoin Foundation is committed to continuously enhancing the Litecoin network and promoting the creation of innovative projects that run on the Litecoin blockchain. Litecoin is committed to innovation and enhancing the user experience, as shown by the projects listed below.
Litecoin Core
Litecoin uses peer-to-peer technology to deliver immediate payments to anybody, anywhere in the world, without the need for a centralized entity. The decentralized Litecoin network handles the management and processing of these transactions jointly.
MWEB
The largest improvement to the Litecoin network to date, MWEB, promises to increase scalability while ensuring fungibility for all users. The Mimblewimble Extension Block (MWEB) update took more than two years to complete, according to David Burkett, the project’s primary developer.
With the release of Litecoin Core 0.21.2, which also contains Taproot, the MWEB update will be made available.
Litecoin Card
Unbanked is the engine behind The Litecoin Card™. It allows users to fund their accounts with Litecoin and other cryptocurrencies that are supported for instant, frictionless spending. The most effective way to spend Litecoin is through the Litecoin Card.
Users can sign up for an account, complete KYC, and receive a virtual card that they can use until they receive a physical card in the mail. The Litecoin Card is perfect for Litecoin lovers who want to use their Litecoin just like any other currency, unlike other cryptocurrency debit cards that keep user cash in a proprietary currency.
Lightning Network
Thaddeus Dryja and Joseph Poon introduced the Lightning Network for the first time in 2015. Scalability is one of the main issues that cryptocurrencies confront, and it was created to address this issue. The Lightning Network for Litecoin was introduced in 2018.
A second layer fix is the Lightning Network. Smart contracts—sets of guidelines that must be followed for transactions to occur—direct micropayments on the Lightning Network. Considering the fees that miners charge on the main blockchain, the fees are probably quite minimal. Nodes on the Lightning Network have much simpler tasks than do miners.
Litewallet
The Litecoin Foundation’s official Litecoin wallet is called Litewallet. Litewallet simplifies the process of getting started with Litecoin by putting a strong emphasis on security and user-friendliness.
By pressing a button, Litecoin can be sent and received. Whenever, whenever, and to whomever. Directly purchase Litecoin in Litewallet to get the deposit in a matter of minutes.
Omnilite
It is possible to create decentralized tokens, smart contracts, and digital assets such tokens and NFTs using the open-source platform OmniLite.
The fact that Omnilite is a layered protocol built on top of the Litecoin blockchain gives it a particular advantage over other blockchains in terms of integrity, network security, scalability, and relative low fees. The tokens produced by OmniLite can be thought of as an extension of Litecoin, and as a result, the transactions involving these tokens are documented on the blockchain of Litecoin.
All digital assets produced using OmniLite profit from the features, cutting-edge technology, and security of the Litecoin network.
Where can one purchase Litecoin (LTC)?
The best cryptocurrency exchanges right now for trading Litecoin are Binance, Kucoin, Coinbase, OKX, CoinTiger & XT.COM.
LTC Price History
Litecoin (LTC), created in 2011 by Charles Lee, was listed on various exchanges, and its price increased to $30.
Following a little increase in 2015, Litecoin’s price stabilized over the following two years, staying around $3.
Litecoin’s price spiked in the latter two months of 2017. On December 19, 2017, it reached its all-time high of almost $371, a 5000% rise in just two months.
It has been a component of the new bull market since the summer of 2020 and reached $200 in April of 2021.
It began 2022 at $150 before continuing to decline and hitting a low of $98.86 in March. $70 was the year’s final value.
Litecoin Price Prediction 2024
| When | Maximum Price | Minimum Price |
| April 2024 | $78.387 | $52.258 |
| May 2024 | $79.171 | $65.976 |
| June 2024 | $79.963 | $66.636 |
| July 2024 | $80.762 | $67.302 |
| August 2024 | $81.570 | $67.975 |
| September 2024 | $82.386 | $68.655 |
| October 2024 | $83.210 | $69.341 |
| November 2024 | $84.042 | $70.035 |
| December 2024 | $84.882 | $70.735 |
In April 2024, it is projected that the maximum price of LTC will reach $78.387, with a minimum expected at $52.258. As the year progresses, LTC’s price is anticipated to steadily increase, reaching a maximum of $84.882 and a minimum of $70.735 by December 2024
Litecoin Price Prediction 2025
| When | Maximum Price | Minimum Price |
| January 2025 | $85.731 | $69.138 |
| February 2025 | $86.597 | $61.855 |
| March 2025 | $87.463 | $70.535 |
| April 2025 | $69.970 | $49.979 |
| May 2025 | $76.055 | $61.334 |
| June 2025 | $91.266 | $65.190 |
| July 2025 | $89.476 | $72.158 |
| August 2025 | $107.371 | $76.694 |
| September 2025 | $108.445 | $87.456 |
| October 2025 | $98.586 | $70.419 |
| November 2025 | $100.558 | $81.095 |
| December 2025 | $101.564 | $72.546 |
As we step into January 2025, LTC’s maximum price is forecasted to rise to $85.731, while the minimum is expected to stabilize at $69.138. Throughout the year, fluctuations are anticipated, with LTC’s price hitting a low of $49.979 in April 2025 before gradually recovering in subsequent months. By December 2025, LTC’s price is predicted to rebound strongly, reaching a maximum of $101.564 and a minimum of $72.546.
Litecoin Price Prediction 2026-2030
| When | Maximum Price | Minimum Price |
| 2026 | $147.916 | $58.617 |
| 2027 | $177.500 | $59.877 |
| 2028 | $367.584 | $116.306 |
| 2029 | $766.033 | $264.678 |
| 2030 | $803.838 | $473.737 |
As we progress into the future, Litecoin (LTC) is anticipated to witness dynamic shifts in its market value. In 2026, LTC is poised for significant fluctuations, with the maximum price expected to soar to $147.916, while the minimum price maintains stability at $58.617. This trend continues into 2027, with LTC’s maximum price projected to reach $177.500, signaling sustained investor confidence. By 2028, LTC experiences a remarkable surge, with the maximum price skyrocketing to $367.584, reflecting substantial growth potential. This upward trajectory persists in 2029, as LTC’s maximum price is predicted to reach an impressive $766.033. Finally, in 2030, LTC’s value is expected to continue its ascent, reaching new highs at $803.838, while maintaining a stable minimum price of $473.737.
Litecoin Price Prediction in INR
| When | Maximum Price | Minimum Price |
| 2024 | ₹7,091.04 | ₹4,365.63 |
| 2025 | ₹9,059.50 | ₹4,175.25 |
| 2026 | ₹12,356.90 | ₹4,896.86 |
| 2027 | ₹14,828.35 | ₹5,002.12 |
| 2028 | ₹30,707.97 | ₹9,716.20 |
| 2029 | ₹63,994.40 | ₹22,111.20 |
| 2030 | ₹67,152.63 | ₹39,575.99 |
As we look ahead, Litecoin (LTC) is poised for remarkable growth in the coming years. In 2024, the maximum price of LTC is projected to reach ₹7,091.04, while the minimum price is expected to stabilize at ₹4,365.63. Moving into 2025, LTC’s value is anticipated to surge further, with the maximum price forecasted at ₹9,059.50 and the minimum price holding steady at ₹4,175.25. By 2026, LTC’s maximum price is expected to soar to ₹12,356.90, signaling substantial market expansion, while the minimum price remains resilient at ₹4,896.86. This upward trajectory continues into 2027, with LTC’s maximum price predicted to reach ₹14,828.35, accompanied by a stable minimum price of ₹5,002.12. In 2028, LTC experiences a significant surge in value, with the maximum price skyrocketing to ₹30,707.97, reflecting robust investor confidence, while the minimum price maintains stability at ₹9,716.20. Looking ahead to 2029, LTC’s maximum price is forecasted to reach an impressive ₹63,994.40, highlighting its potential for substantial growth, with the minimum price expected to remain resilient at ₹22,111.20. Finally, in 2030, LTC’s value is projected to continue its upward trajectory, with the maximum price reaching ₹67,152.63, while the minimum price stabilizes at ₹39,575.99.
FAQs
Who is in charge of Litecoin?
To put it briefly, nobody and everyone. Litecoin is decentralized since it has neither a CEO nor a board. One of Litecoin’s major advantages is that it may be accepted, developed, expanded upon, and successful by anybody. The Litecoin Foundation was created in order to be a community-run organisation where volunteers may contribute to the digital currency Litecoin ($LTC).
Will LTC ever reach $500?
Litecoin could produce returns of more than 500% in a short amount of time. Long-term cryptocurrency price predictions, however, are just not conceivable. It is always better than DYOR.
What is Litecoin price prediction for 2025?
In 2025, the LTC price is expected to reach a maximum of $108.445 whereas a minimum of $49.979.
What is LTC price prediction for 2030?
In 2030, the LTC’s price is expected to reach a maximum of $803.838 whereas a minimum of $473.737.
When is the next LTC halving?
Third LTC halving took place on 3rd of August 2023. Next Litecoin halving is expected to happen by 30th July 2027.
Will LTC ever recover?
Litecoin is showing signs of reversal, and in my personal opinion, it is a good time to buy LTC. LTC could definitely reach its ATH again, however we certainly can’t say when is that going to happen. I have taken position in LTC personally and looking to exit at a 100% gain.
When will LTC reach 100 USD?
LTC is expected to reach 100 USD in December 2024.
Also read:
Is Litecoin a Good Investment for 2024 & beyond?
Litecoin is basically a fork of Bitcoin, that is faster and cheaper, and (also less decentralized) with a smaller community compared to BTC.
LTC offers customers more benefits, such as improved security, faster processing times, and less expensive transactions. Because technology is constantly improving, LTC will be increasingly more interesting to new investors in the future.
Litecoin developers have now now enabled inscription, which means you can now store JPEGS, media in the blockchain. In other words, you can now have NFTs on the Litecoin network. This could be one of the factors that could drive LTC’s price in 2024.
But since estimating anything about cryptocurrencies is next to impossible, because of its volatile nature, it is recommended to DYOR.
I think BTC, and LTC will go hand in hand. Although LTC has not been performing its best after 2018, it does go up time and again, and that is a good time to sell.
Sitting around $75.37 with a marketcap of $5,608,207,044, LTC is a good buy for a 20 to 30% gain in 2024.
Last updated: 14th April 2024.
