Will Litecoin ever reach $1k?

[geegaw]

Litecoin is probably one of the oldest (if not the oldest) cryptocurrencies being traded on the market these days besides Bitcoin. It's also the second most scarce cryptocurrency on the planet (84 million LTC will ever exist). For a cryptocurrency that's often similar to Bitcoin, I'm surprised that it's still far behind $1k. After all, Litecoin has cheaper fees and faster transaction confirmation times than Bitcoin itself. Of course, there are other altcoins that are much cheaper and faster than Litecoin. But they're not as scarce as Litecoin is.

Do you think it's possible Litecoin will reach $1k in the future? If not, why? Are current prices sustainable? Your input will be greatly appreciated. Thank you

Its really possible but they need to create new marketing like improving their network. Im actually holding some ltc coins since 2016 but i never seen any big improvements since then but im not going to lose hope since i can actually use ltc coins because its really hassle free

Indeed, their level of marketing does not seem to match the projects that existed at the same time, except for such a marketing issue, the latest tests or a roadmap update period remain unpublished, more precisely, litecoin is not knowing and not shaping what solutions it will provide to the market while other projects have shaped the future, I hate to say that litecoin is heavily imprinted on the silhouette of the past and no future. Long time without such reform, a new milestone just takes longer

[Samurai trieng]

Litecoin is one of the old altcoins that still survives today, even though the growth of LTC is very slow I believe that LTC will reach $1k someday, because this altcoin has a lot of potential that has a large community, hopefully the development team of this project can improve so that it can compete with new altcoins that have very high technology such as binance and monero.

[ene1980]

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Its really possible but they need to create new marketing like improving their network. Im actually holding some ltc coins since 2016 but i never seen any big improvements since then but im not going to lose hope since i can actually use ltc coins because its really hassle free

There are improvements in the network from what they started and all the upgrades are done in time but the problem is that Litecoin is not getting the hype like Bitcoin or Ethereum whenever they make the upgrades or whenever there is a halving event. I do use Litecoin now a days simply because Dogecoin became expensive and after a long time i started to like them to make frequent transactions because the fees are really low.

When it comes to the valuation, the market determines the valuation and i have no idea how long it can go, but if you were lucky enough to get the coin when the price was really low, it is not a bad bet to get to the valuation it is now .

[eaLiTy]

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last may Litecoin recorded a price of more than 400$ and this is enough reason to sell if you really holds since 2016 but of course , that is just a story to tell .

When the price rallied last time that is the day when Charlie Lee booked all of his holding in Litecoin and then went on to announce in social media about how he made a huge profit selling majority of the coins he was holding from the start . When you have a creator who announces things like that and if anyone thinks that the price would rally to $1000 when even the creator does not believe will happen, how can we speculate about the price going to the moon in the next few years .

[MusaMohamed]

When the price rallied last time that is the day when Charlie Lee booked all of his holding in Litecoin and then went on to announce in social media about how he made a huge profit selling majority of the coins he was holding from the start . When you have a creator who announces things like that and if anyone thinks that the price would rally to $1000 when even the creator does not believe will happen, how can we speculate about the price going to the moon in the next few years .

With halving of Litecoin, the mainstream of cryptocurrency, Litecoin as one of top and oldest altcoins, will have a future of FOMO from investors.

People did not believe Bitcoin will get price $64,000 and Ethereum has a new all time high more than $1,500. Finally, Ethereum has price more than $3,200 and if Ethereum can get price $10,000, Litecoin at $1,000 is possible.

I think it is a future if Bitcoin hits $100,000, Ethereum $10,000 and Litecoin can be one part of the FOMO wave in this 2021 bull run, $1,000 can be called for Litecoin.

[Abiky]

Despite of how fast and cheap litecoin is, their developers has no further improvements on their network, unlike with other promising altcoins. There's a lot of altcoins who continuously growing even though it was left behind because of Bitcoin's popularity. Old traders divert back to btc after they've seen such pumps during recovery period.
Litecoin price still sustain very strong, but most importantly demand is really an important factor to consider before that $1 becomes reality.

That's certainly true, mate. Litecoin is lacking behind other projects in terms of development and innovation. It's a straight clone of Bitcoin with only a few minor tweaks. The Mimblewimble privacy upgrade will distance Litecoin from Bitcoin. But I think that's not enough to make it shine among the rest of other altcoins on the market. I don't want to be pessimistic, but I don't think Litecoin will reach new heights with how things have been going lately. Crypto behaves in many strange and bizarre ways so anything can happen in the future. If Dogecoin reached almost $1 because of the hype, then Litecoin can do better.

I believe that a price of $1k per coin would be a great opportunity for profit among those who bought it at a cheap price. At least, the coin is being actively traded on the market. As long as there's a community backing it every step of the way, nothing else matters. Just my opinion

[Slow death]

when the price of bitcoin reached $59000 the price of litecoin was at $400, with this we can see that if:

1 - if the price of bitcoin reaches $1000,000 the price of litecoin can reach $1000

2 - if we have a bull race and the price of litecoin can increase a lot in relation to bitcoin as it happened in the past then the price of litecon can reach $1000

[indah rezqi]

The possibility of hitting the $1K price in the future lies with Litecoin as Litecoin's journey in the crypto market falls into the good and rare category. The highest price Litecoin has ever reached is $378. If Litecoin finds it difficult to break the $1K price, I think LTC will stay at $250.

I think Litecoin have a chance to break $1k but it will not be easy to lift the price to the high price because Litecoin price needs to break $500 and that is the first target price after the last ATH. Maybe Litecoin will break on that price in the next bull run, but it needs more time to reach $1k. Hopefully, this month and the next months will be better for Litecoin so the price can increase high and will break $1k.

The opportunity to break through $1K is still there with Litecoin as long as Litecoin continues to work as hard as other Altcoins in convincing investors and that takes a lot of time. But what is happening in the current market in terms of price, Litecoin is still inferior to Monero. Then the fact that is currently happening Litecoin will also be left far away by Polkadot in the market.

[Pierre 2]

If this asked me last year or two I would definitely say yes. Although over time people realized there are far better coins than litecoin in market. Speed is one big plus although there are other speedy coins. It doesn't make huge difference. Litecoin's one and maybe only big strength is its acceptance all around.

[tabas]

If this asked me last year or two I would definitely say yes. Although over time people realized there are far better coins than litecoin in market. Speed is one big plus although there are other speedy coins. It doesn't make huge difference. Litecoin's one and maybe only big strength is its acceptance all around.

I think there's still a chance for Litecoin to reach $1k. It's still one of the known altcoins in the market and there's still people buying it. Being in top 15 makes it still one of the top altcoins in the market.
Maybe, we'll see Litecoin reaches $1k when bitcoin goes on high to $100k or more. That can be the reason for those high alt seasons to come and possibilities that we're saying.

[BuNga_cute]

of course there is a possibility for the price of LTC to reach $1k, especially now that cryptocurrency is very popular and the market cap of cryptocurrency continues to increase, so that it will affect for the price of cryptocurrency to be able to increase very high including the price of LTC, therefore I am sure if there is an altseason that will happen in the near future, then of course the price of LTC has a great chance to create a new ATH price and reach $1k.

If we look at the current price of LTC which is at $177, the $1000 price target is far enough to reach. But the possibility of reaching the price of
$ 1000 is possible, if we know that LTC is one of the old projects that until now has a high enough demand. Moreover, the bullish trend this year is
still running if we see the crypto market is still moving up, then holding LTC is quite good to do. And the price of LTC is also down about 57%
compared to 4 months ago, this means now is a good opportunity to buy LTC. So my prediction could be that the price of $ 1000 is achieved,
but not this year.

[aylabadia05]

There is still a chance for Litecoin to reach the price of 1000 USD in the future even though from 2014 until now the price of Litecoin has never reached the price of $1K. The price chart on coinmarketcap, Litecoin only reached its highest price twice, namely in 2018 and 2021 in May.

[philipma1957]

Doge/Ltc merge mine. = fact

new L7 miner is 19x the hash and only 4x the power used of an l3+

So either Doge/Ltc will moon soon due to the new gear or they will crater.

No one mentions that the scrypt algorithm is way back by asics and now with the L7 will increase its asic backing.

Also more than twenty five posts before anyone mentions Doge.

So second biggest asic pow algorithm. check
it rival in the algorithm merge mines with them. check
huge new gear coming. check

Yeah I think dollar doge and 1000 dollar ltc by jan 1.

[ethereumhunter]

Maybe we should lower the next target of Litecoin to $500 because the last ATH is about $410. If Litecoin can back to $410 or hit $500, the next target will be $750. But still, it is too far from the price now and Litecoin itself can not jump directly in a short time unless the price can have a big rally on the bullish trend. Litecoin can reach $1,000 but not this year. Maybe in the next year and we should have more patients waiting for that time. But we can buy as many Litecoin as we can if we really believe Litecoin can hit $1,000 in the future.

[darahjuang]

I think Litecoin can achieve it because Litecoin is a rare coin as you say after Bitcoin. If we equate Bitcoin with Litecoin, the difference is very much. Although I believe Litecoin will hit $1K in the future, it will happen when the market demand for the coin is high and it will have a big impact.

[Abiky]

I think Litecoin can achieve it because Litecoin is a rare coin as you say after Bitcoin. If we equate Bitcoin with Litecoin, the difference is very much. Although I believe Litecoin will hit $1K in the future, it will happen when the market demand for the coin is high and it will have a big impact.

Fingers crossed Litecoin will reach $1k after the next Bitcoin halving. I'm very certain of this, especially when Litecoin is one of the scarcest cryptocurrencies in the world (after Bitcoin). People are pouring money into other crypto projects without taking into consideration the inflationary model of the underlying blockchain network. Consider how a hyper-inflated cryptocurrency like Dogecoin soared towards new ATHs like there's no tomorrow. It shows the level of immaturity in the industry. Only deflationary cryptocurrencies like Bitcoin and Litecoin will be retain their value in the long run because of their added scarcity. They're perfect as a store of value just like Gold and Silver.

Of course, there are many other altcoins with better features than Litecoin itself. But they're not as battle-tested and scarce as Litecoin is. Maybe someday people will understand that there's more to Litecoin than meets the eye. How long will it take to reach $1k is a mystery. In the strange and bizarre world of crypto, anything can happen. Prices don't matter as long as the coin is useful for day-to-day payments. Litecoin is still a useful cryptocurrency, so it's probable it'll last for a very long time. Just my opinion

[btc78]

I also know that Litecoin has almost the same technology and scarcity as bitcoin. I think it will be difficult for Litecoin to reach $1k. why ? because now people are more focused on new coins which also have technology and small fees when transacting. like Bsc,trx...

in 2017 , litecoin climb best position reaching rank 3rd in capitalization but the problem is did not maintain the momentum and drop hard in the following year.
and asking this to reach 1k ? quite impossible in our time now , because there are lots of coin having good offerings like this and with low fee and fast transactions .
so maybe it can but not now or the following year .

[macson]

Do you think it's possible Litecoin will reach $1k in the future? If not, why? Are current prices sustainable? Your input will be greatly appreciated. Thank you

it's not possible for litecoin to reach that value, but for now it's too far and as you can see litecoin can't even jump to make all time high values despite of the situation that mostly are on hype..such cardano, xrp wherein an old coin as well in the market.. Perhaps its not the right time for litecoin, but of course yes time will come in the future, indeed its still very promising so its not possible in my personal opinion.

i always follow developments about litecoin, what i see is the development of litecoin is very slow it even seems non-existent and it is almost similar to dogecoin.  as you said litecoin reaching $ 1k for now is impossible, but in the future, if there is definite development then litecoin will definitely be able to reach $ 1k.

[Maslate]

Litecoin has still not shown an improvement, it's still struggling to pump, and that some coins newer than litecoin have already increased their value so litecoin was left behind. I am optimistic about this coin but from what I'm seeing now, it looks like it will remain stagnant for some time.

The ATH was only almost $400 and yey it cannot break that, ETH had already rise x10 of its ATH.

[bitcampaign]

right now people are interested in NFT and smart contracts, I think if Litecoin wants to continue to develop again it will be better, because I also know LTC is an old altcoin and it should be able to compete with ETH and others, I think it needs a change and development it's even crazier right now to compete, I'm still not sure it will hit $1k just because of the scarce supply, right now we need something new from Litecoin