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Litecoin (LTC) price prediction 2023
What factors affect the price of Litecoin, and what does the future hold for this popular cryptocurrency?
Finder asked a panel of 32 fintech specialists in April 2023 about their price predictions for Litecoin (LTC) over the next decade.
Find out how much our panelists think LTC will be worth by the end of 2023, 2025 and 2030.
All prices mentioned in this report are in US dollars.
Litecoin price predictions for 2023, 2025 and 2030
Our panelists think LTC will hit a price of US$126 by the end of 2023.
And they expect the price of LTC to rise to US$269 by year end 2025 and US$853 by year end 2030.
In our April 2023 survey, the average price prediction for LTC by year end 2025 was more bearish than the one in our July 2021 report. In April 2023, our panelists thought LTC would hit US$269 – a prediction about 33% lower than the one in our July 2021 report, when the average prediction was US$400.
However, in April 2023, our panelists were far more bullish on the price of LTC by the end of the decade, predicting it would hit US$853 by 2030. In our July 2021 report, the average price prediction for LTC by year end 2030 was only US$421, a prediction more than 50% lower than the one from our April 2023 survey.
Our panelists offered mixed perspectives on if and by how much the price of LTC will continue to rise.
"Litecoin's next halving will take place around the beginning of August of this year, and by the end of the year, the market will respond to the lower rate of supply," Ruadhan O, creator of Seasonal Tokens, said. "By the end of 2025, Bitcoin's 2024 halving will have raised the price of most digital assets, especially Litecoin which is primarily traded against Bitcoin."
Both Ben Ritchie, director of Digital Capital Management AU, and Kadan Stadelmann, CTO of Komodo Platform, believe that if Litecoin continues to benefit from network effects – or the idea that the more users a network accrues, the more valuable that network becomes – then the price of LTC may continue to rise.
Paul Levy, senior lecturer at the University of Brighton, isn't as bullish on LTC, though he still believes the Litecoin network has some potential.
"Litecoin lacks brand strength," Levy said. He believes that the asset still has good technical foundations, though. "It will grow steadily but not massively if its technical foundations remain stable."
Is now the time to buy, sell or hold Litecoin (LTC)?
44% of our panelists believe that now is the time to buy LTC, while 33% feel it's time to sell the token.
Only 22% think it's time to hold LTC right now.
Carlo Di Clemente, COO at GroveToken Limited, thinks it's time to buy LTC.
"Litecoin [is] a long-term investment," Di Clemente said. "Litecoin is accepted as a form of payment by many merchants and businesses, and it is supported by a wide range of wallets and exchanges."
Ilya Volkov, CEO at YouHodler, believes it's time to hold LTC.
"[The price of] LTC will correlate with other major cryptocurrencies" Volkov said.
And Joseph Raczynski, technologist and futurist at Washington Web3 Foundation, says it's time to sell LTC.
"I think in time LTC will fade into obscurity," Raczynski said. "I don't see a use case for it when BTC exists."
If the US Commodity Futures Trading Commission (CFTC) deems LTC a commodity, how will this affect LTC's price?
Half of our panelists feel that the CFTC deeming LTC a commodity will have a positive effect on the price of the asset.
25% believe it will have a strong positive effect, while 25% feel it will have a moderately positive effect.
25% feel that it will have no impact and 25% feel it will have a moderately negative impact.
Yves Renno, head of trading at Wirex Ltd., believes that because the CFTC referred to LTC as a commodity in a court document, that the asset is now safer to invest in.
"Litecoin has recently been deemed a commodity by the CFTC," Renno said. "As the legal risk seems low on LTC, it should encourage investors to include it in their portfolio."
Do you think Litecoin can stay relevant in the crypto payment sphere given the more advanced blockchain technology entering the market?
50% of our panelists think that Litecoin can stay relevant in the crypto payment sphere despite more advanced blockchain technology coming to market.
25% say Litecoin can't stay relevant and 25% are unsure.
"Litecoin has a faster transaction confirmation time compared to Bitcoin, which can make it attractive to investors seeking faster and cheaper transactions on a decentralized network" Sathvik Vishwanath, CEO and founder of Unocoin Technologies Pvt Ltd, said.
Lunde Vetle, senior analyst at K33 Research, wasn't so optimistic about Litecoin staying relevant in the face of new blockchain technologies, though.
"Litecoin's relevancy is declining rapidly with time," Vetle said. "[LTC] barely surpassed its 2017 ATH amidst the 2021 bull market, and has no real value add to the market as scaling solutions such as Lightning and ZK roll-ups mature further."
The price of LTC may appreciate as a result of the Litecoin halving, scheduled for August 2023, and the Bitcoin halving, which is expected to happen by mid-year 2024, as well as increased adoption of LTC and the Litecoin network.
However, with new blockchain payment technology coming to market, LTC may face some headwinds in terms of both adoption and price appreciation.
If you choose to invest in LTC, please do so with caution, as the prices of crypto assets are highly volatile.
Meet our panel
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