Litecoin (LTC) is one of the altcoins that has benefited from the massive bull run witnessed in the cryptocurrency space since the start of 2021. The huge bullish run has drawn people’s attention to Litecoin. It is why I have decided to write on Litecoin price prediction for 2021 by various platforms and individuals.
However, I always start with my own opinion about the altcoin value in the year. In my LTC price prediction for 2021, I am highly optimistic that the value of the coin will increase in the year due to its closeness to bitcoin, its popularity, and the historical price chart. But, let’s see if Litecoin can finally reach its previous ATH.
I have bought more LTC on Coinuma recently. It is one of the latest platforms that offer negative fees to users - they pay you to trade with them. The maker fee on Coinuma is -0.1%.
So, we will be looking into the Litecoin price forecast for 2021 from individuals on YouTube and Twitter and also what cryptocurrency forecast platforms have to say. But before then, let’s look into the meaning of Litecoin.
What is Litecoin?
Litecoin is a hard fork of Bitcoin. It is a cryptocurrency developed to provide fast, secure, and low-cost payments by utilizing blockchain technology’s unique properties.
It was created using the Bitcoin core code and searches for a better way of making payments involving smaller amounts of money. That is, Litecoin transactions are faster than BTC transactions and cost less to send. Just like Bitcoin, it is also an open-source, peer-to-peer digital currency.
The transfer of the token is based on a cryptographic protocol. The cryptocurrency is fully decentralized, and there is no central authority controlling the network because all Litecoin transactions are recorded in a public distributed ledger called a blockchain.
What is LTC?
LTC is the native governance token of Litecoin. The LTC is one of the most widely accepted cryptocurrencies, which can be used in over 5000 merchants and stores worldwide. The token is also accepted by thousands of ATMs worldwide that sell LTC — with more than 13,000 located in South Korea alone.
As of September last year, the popular mobile banking app, Revolut, has also integrated Litecoin into its system. The goal of the creators is for Litecoin to become a global payment system that people can use to receive money locally and internationally without needing the services of a third party such as Banks.
History of Litecoin
The Litecoin history is linked to a computer scientist and ex-Google employee, Charlie Lee, who is the creator of Litecoin. He created the cryptocurrency in 2011. Charlie Lee thought that the BTC code had so many flaws, like the slow transaction speed, the way it was mined, and the scalability issues. So, he looked for a way to solve those issues by creating a lighter version of BTC and performed something called a hard fork. A hard fork is when the original blockchain is altered to create a separate blockchain.
Presently, Lee is one of the cryptocurrency advocates and the managing director of the Litecoin foundation- a non-profit organization that works alongside the LTC core development team to help in the advancement of the cryptocurrency.
Litecoin Price Forecast 2021
With the massive attention the cryptocurrency market is garnering, most investors and traders are now looking at future predictions for investment suggestions.
Litecoin is a coin that was not just the first Altcoin to evolve but also one of the leading cryptocurrencies that have grown in value over the years. Many crypto platforms have made their Litecoin price prediction for 2021 to aid your investment decisions.
Starting with this platform, the Walletinvestor analysts believe that LTC will be a bad 1-year investment. They think that your current investment may be devalued in the future. According to them, the LTC price will crash to $160.77 in the next 1 year. Also, they see the highest value it can attain in the year as $219.
But, their long-term future forecast (like 5 years) shows a bullish price chart.
The factors they considered, like the historical price chart; support/resistance level is also displayed on the website.
Digitalcoinprice is a platform that considers the historical price, future innovations in their forecast. The platform also goes ahead to explain whether a cryptocurrency is going to be a profitable future investment or not. The website’s price projections are also represented graphically.
Maybe, that’s why most YouTubers use the platform for their forecast. In their Litecoin price prediction for 2021, they are bullish. They believe that Litecoin’s price will reach $255.29 by the end of 2021. The website used their algorithm for their future Litecoin price projection.
This platform’s forecast is one of the best because they post their monthly estimates. It means that you can check their different monthly predictions, unlike others that post their yearly forecast outrightly.
Tradingbeasts analysts see the LTC price crashing in the year. From their LTC price prediction for 2021, Litecoin will fall to an average price of $161.10 at the end of 2021. They projected that the highest value it could reach is $201.37 or even dip as low as $136.93. So, if you are looking for a cryptocurrency with a high rate of return, they think that LTC is not the best option.
However, they also said that its predictions serve as a mere suggestion and not investment advice.
The economy forecast agency considers the coin’s historical price chart before making their future price estimations. For their Litecoin price prediction for 2021, the coins price will reach $372 by the end of the year. Even their long-term forecast is also bullish.
It is one of the oldest cryptocurrency prediction platforms. You can check it out.
Based on the historical price data, the Coinarbitragebot platform experts see the LTC price crashing to $150.58 by the end of the year. However, in three years, Litecoin could reach as high as $1077.62. From their forecast, the lowest the coin could fall is $93.05.
By studying their prediction, I think they see LTC as a bad 1-year investment but a profitable long-term investment (like 3 years and above). They also wrote a detailed LTC analysis on the website, which can give you valuable insight about the coin.
Litecoin entered the year with a trading value of $132.32. Coinpedia experts think that with the various investments by recognized institutions and the ongoing acceptance of LTC as a mode of payment, the price could reach $350 by the end of 2021.
They are optimistic that LTC prices will increase in the year. Meanwhile, the website also looked into the predictions from reputable platforms such as Tradingbeasts, digitalcoinprice before making their forecast.
Cryptoground LTC price prediction for 2021 is bearish. The platform sees the coins price falling to $88.30 by the end of the year. In 5 years, they believe that Litecoin’s price will increase to $347.
They project a profitable long-term investment for Litecoin. However, considering the timestamp of the prediction, you should take it with a pinch of salt.
The website applied their deep in-house learning (neural network) algorithm on the LTC historical price data in their Litecoin price prediction for 2021.
Crypto-rating applied their Crypto Volatility Index (CVIX) in their prediction. The CIVX analyses the present price movements and offers some hints about LTC price action’s possible scenarios.
By using the data from the CVIX, the historical price behavior, and the prospects of the project’s future innovations, the platform made its prediction accordingly. From their future price estimation, the LTC value might reach $200 at the end of the year.
This is another platform that has made their Litecoin price forecast for 2021. The website discussed cryptocurrencies and their future developments before making their forecast. In their prediction, they estimate the Litecoin price to reach $505 by December 2021
The website also went ahead to predict the LTC value for the next 10 years, which is also bullish. One unique thing about the website is its monthly forecasts, which will also aid your investment decisions.
So far, I will stop here. There are still other blogs or forums that have made their LTC price prediction for 2021, which you can check. The purpose of this forecast is to give you ideas about the future price of LTC so that you can make your investment decisions wisely.
For now, you can see that majority saw a bullish run in the year. Apart from cryptoground that predicted LTC price falling to $88.30, other predictions are above $100. Some even went as high as projecting $500 in the year.
Let us also see the opinion of Twitter users and YouTubers regarding the Litecoin price prediction for 2021.
Youtubers and There Litecoin Price Predictions for 2021
Various YouTubers have made their LTC price forecast for 2021. Let’s look at some of them.
The YouTube channel is among those that have forecasted the LTC price for the year. According to Altcoin daily, if BTC continues the bullish run witnessed at the beginning of the year, LTC value might increase by 20X from the $137 worth at the beginning of the year. It means that Litecoin price may reach $2740 by the end of 2021- that’s according to the YouTuber.
BitBoy Crypto YouTuber based his Litecoin price prediction for 2021 on the super bullish cryptocurrency run witnessed at the beginning of the year. The YouTuber thinks that LTC is far from reaching its all-time high and its potential and believes that with the various innovations going on in the network, Litecoin is capable of reaching $2400 in 2021.
The YouTuber thinks that Litecoin can reach $1000 in the year. He went ahead to discuss the latest developments, the fundamentals, the LTC chart breakdown, the coins trading options to prove his point. The majority of the comments below the video agreed with his forecast.
Confident in Crypto
In his LTC price prediction for 2021, the YouTuber thinks that Litecoin price will surge to $2000 by the end of 2021. He also went ahead to explain how he arrived at the prediction using the trading charts, the emerging developments, and the comparison with other coins. The video also provides an insight into the LTC’s past and present innovations.
In the comments, the majority agreed with his LTC price analysis and forecast.
Litecoin Price Forecast for 2021 From Twitter
Various Twitter users have made their LTC price prediction for 2021. But I will be looking into the popular ones.
The Twitter user who claimed to be LTC CEO posted an interesting tweet about the LTC price prediction for 2021. He posted the tweet in February this year. In the tweet, he asked: “What’s your litecoin price prediction for December 2021?”
The tweet drew a lot of comments. One of the key things I learned from the many responses is that they all see the LTC price increasing in the year.
The cryptocurrency trader also made his Litecoin price prediction for 2021. In a tweet in February this year, the user forecasted the end of the year price of eleven cryptocurrencies, which Litecoin is among.
From the post, he thinks that the LTC price will reach $2000 by the end of the year. “Down massively today, so let’s get some end of year price predictions in place: $BTC $150K / $ETH $19,890 / $ADA $10 / $LINK $150 — $300 / $ATOM $200 / $ICX $50–150 / $LTC $2,000… Add yours.”
Scarlett Hill is among those that think LTC will have a super bullish run in the year. The user made her LTC price prediction for 2021 in a tweet in February.
According to Scarlett’s over ten forecasts made on various cryptocurrencies, LTC price will reach a whopping $5000 in the year. “Price prediction 2021/ $BTC $1000,000 / $ETH $25,000 / $LTC $5000 / $ZIL $100 / $COTI $35 / / $RSR $10 / $DOT $10,000 / $LINK $3500… #bitcoin”
The Twitter user thinks that the LTC price is capable of reaching $1000 in 2021. He also went as far as encouraging people to invest in the coin.
The user is highly optimistic about his prediction. He asked people to screenshot the tweet as a reference in the future. “Trust me you will regret if not doing so, prediction this year #Litecoin high possibility to touch $1K. You can screenshot this tweet, and Thank me later.”
Litecoin Could be a Future Rewarding Investment
From LTC predictions for 2021 so far, the coin could be a rewarding, profitable investment in the year. However, there have been many criticisms about the coin in the past. Many see it as a disorganized project which doesn’t even have a white paper. But that has not stopped the coin from increasing in popularity.
Over 70% of the LTC price projections for the year are bullish. Cryptoground was the only platform that gave the lowest Litecoin price prediction for 2021, which is $88.30 (which is likely an outdated estimate). Other websites and individuals predicted $100 and above. Scarlett Hill, a Twitter user, gave the highest prediction, which is that the LTC price will reach $5000 by the end of 2021.
Above all, any investment in the digital coin in the year might turn out to be a profitable investment. What do you think about the coins price in the year? Drop your comment below.