Key Takeaways
- Litecoin surges 6.39% in the last 24 hours indicating a slight comeback into the market.
- Analysts predict that the coin will cross the $200 mark during the first quarter of 2025.
- Litecoin is trading bullish in the market with its Fear & Greed Index indicating “Extreme Greed”.
Litecoin, one of the most established currencies in the market has attracted the attention of a number of traders in the past 24 hours. During this time, the coin had been trying to gain the highly valuable ground it lost during its recent bearish streak. Litecoin is a cryptocurrency that was launched in 2011 from a fork in the original cryptocurrency blockchain. In this article, we will look into the coin’s current market performance, the factors that could affect the coin’s growth, and also the investment potential of the well-known cryptocurrency.
Litecoin Current Market Standing
Ranked #22 in the crypto market based on its current market capitalization, Litecoin is one of the most established cryptocurrencies in the market. The coin commenced its last bull run on the 13th of last month amid the US Presidential Election and Trump’s subsequent victory. At that time, the coin was trending at $72.26 in the market. From there, the coin has managed to gain a lot of ground in the market with its monthly growth rate reaching a high of 54.81%.
The coin is currently trading at a price of $121.41 in the market registering a daily uptrend of 8.13%. With a limited circulating supply of 75.29 million tokens, the market capitalization of Litecoin is standing tall at a high of $9.07 billion. The liquidity ratio of the coin is currently at 13.14%. If the trends in the market continue to favor the coin, then we will see a considerable increase in the market value of the coin in the near future.
Factors Influencing The Litecoin Growth
There are many things that can directly and indirectly affect the price of Litecoin, a well-known cryptocurrency. Some of it is as follows.
- Market Sentiment & Adoption: A positive market sentiment and increased adoption rate can lead to a rapid increase in the price of a coin, especially for a well-established coin like LTC.
- Technical Advancements: With the developers behind the LTC working continuously to enhance the coin’s functionality and utility in the market, any and all updates can have a significant impact on its market value.
- Macro-environment trends: Many global factors like inflation and geopolitical tension can cause a huge difference in the coin’s price.
- Competition: This is the next major thing that can affect a coin’s price in the market. As it faces numerous competition from various Layer-2 altcoins, the upcoming technological developments of Litecoin will likely decide the future of the famous cryptocurrency.
Litecoin Price Prediction: Short & Long Term
Now that we looked into Litecoin’s current performance in the market and the various factors that could influence its growth, let’s take a sneak peek into its future. For this, we have prepared detailed price prediction tables for the coin for both the short and long terms. If you’re wondering about the coin’s future and want to gain insights into it, kindly refer to the following tables.
Short-Term Price Prediction
| Date | Price | Potential ROI |
| 13 Dec, 2024 | $ 120.79 | 0.82% |
| 14 Dec, 2024 | $ 126.34 | 5.45% |
| 15 Dec, 2024 | $ 128.42 | 7.23% |
| 16 Dec, 2024 | $ 129.67 | 8.22% |
| 17 Dec, 2024 | $ 132.91 | 10.83% |
Long-term Price Prediction
| Year | Min Price | Avg Price | Max Price | Potential ROI |
| 2024 | $ 120.79 | $ 130.58 | $ 196.65 | 63.88% |
| 2025 | $ 165.24 | $ 268.51 | $ 536.65 | 347.25% |
| 2026 | $ 78.82 | $ 127.21 | $ 220.77 | 83.94% |
| 2027 | $ 100.32 | $ 128.60 | $ 166.97 | 39.15% |
| 2028 | $ 96.84 | $ 130.00 | $ 301.96 | 151.66% |
| 2029 | $ 248.31 | $ 424.99 | $ 882.76 | 635.11% |
| 2030 | $ 100.68 | $ 182.37 | $ 341.21 | 184.01% |
Keep in mind that the above-given prices can be greatly influenced by changes in market trends and may vary accordingly.
Is It A Good Time To Buy Litecoin?
The current sentiment of Litecoin is staying “Bullish”. As per the data from various technical indicators and tier-1 market analysts, the coin will rise by 110.57% and reach a value of $254.34 during the 1st quarter of 2025. The coin has been trading green on 18/30 days with a price volatility of 18.39% in the last 30 days.
Also, the Fear & Greed Index of Litecoin is showing a value of 83, which is a clear indication of “Extreme Greed” in the market. Based on this sentiment and market data, it is an ideal time to invest in the famous cryptocurrency. However, it would be better if you conducted thorough research on the trends in the market before proceeding with the investment.
