The Litecoin price can be found on this page! The Litecoin price is followed in Europe in euros, so we also list the EUR price in addition to the USD price. You will also find basic information about Litecoin, its historical price development, and our recommendations for the best places to buy LTC.
Litecoin price in USD and EUR
The Litecoin price in euros & dollars can be found in the box below. Followers of the Litecoin price should bookmark the page, so you can quickly access the latest price data.
Next, we will go through Litecoin’s price development during its history. You will also get basic information about Litecoin and of price, we will answer the question of how Litecoin’s value is formed.
Litecoin price history
The Litecoin price history is quite an interesting tale. Litecoin’s long history makes it one of the most famous coins on the market right after Bitcoin. Litecoin’s ticker on crypto exchanges is LTC.
The Litecoin price history is available from all the way to the year 2013. At that time, its exchange price was just over three dollars. The Litecoin dollar price reached its first real peak in the wake of Bitcoin in early 2013. At that time, Litecoin’s price went up to 40 dollars.
This was the start of a long and difficult period, as the Litecoin price fell back to three dollars in 2014. The price was below four dollars even at the beginning of 2017!
In the spring of 2017, things started to happen, as the price of Litecoin rose above 10 dollars in April. in May 2017 the LTC price moved to over 30 dollars. The year 2017 was a continuous and steady rise for Litecoin. This was due to the general bull market of the entire crypto industry at the time.
At the beginning of December 2017, Litecoin’s price broke 100 dollars and rose incredibly to 360 dollars in just two weeks. The beginning of December 2017 was a wild one for many cryptocurrencies. There were dozens of coins that went up hundreds of percent in a very short time.
The graphic below shows the Litecoin historical price.
At the beginning of 2018, the crypto market bubble burst. It must be said though, that Litecoin held its value much better than its competitors. Most coins dropped 95% or even 99% by the end of December 2018. Litecoin’s lowest price was about 22 dollars.
The year 2019 was an excellent one for Litecoin. The price of LTC rose significantly more than its competitors, which was partly due to the Litecoin halving that took place in the fall of 2019. The price almost quintupled in the spring of 2019 from around $30 to almost $150.
The crypto rally of 2021 also pushed Litecoin price up to new ATH! On May 10, 2021, the Litecoin price broke 400 dollars. Since then, Litecoin has been more or less in a downward spiral, although the price was briefly at $280 at the end of 2021.
What is the value of Litecoin based on?
What gives Litecoin (LTC) its value? This question interests every Litecoin investor. What things act as drivers of Litecoin’s value and what can in turn hinder its price rise? Let’s go through these points next.
First, you need to understand the basics of Litecoin. If you want to get to know them in more detail, read our comprehensive Litecoin guide. Litecoin is a pure currency from a technical point of view. It is not a smart contract platform like Ethereum, nor is it a token that works within a single app. Litecoin has its own blockchain and it’s also mined like Bitcoin.
Litecoin’s value increases based on people’s interests. There need to be people who want to use Litecoin as a means of payment in order for Litecoin to become more valuable. This is where Litecoin and Bitcoin differ from smart contract platforms, whose tokens are used for staking and transaction payments for various applications. Litecoin has no staking, nor does it have its own DeFi ecosystem.
In this sense, it is much easier for the investor to assess Litecoin’s value drivers. You should follow statistics on the number of active addresses. The number of network transactions should also increase over a long period of time. The value of Litecoin can be only supported if the network activity grows over time.
The future of Litecoin
The future of Litecoin looks bright, or does it? Experts have many opinions about its future. However, the fact is that the development of the last few years has not been favorable for the currency
Litecoin has been one of the top 10 currencies of the crypto market for most of its history. However, its position has weakened year by year in the 2020s. This is despite the fact that the price of Litecoin rose to new ATH in the summer of 2021. However, the prices of other currencies rose as well. Most saw far better gains than Litecoin.
LTC is currently 15th in the crypto ranking. The Litecoin price has also fallen downward with the bear market of 2022. Founder Charlie Lee (pictured) has disappeared from the public eye, and Litecoin is not featured much on social media. What is causing this?
Litecoin was at the height of its popularity before the revolution of smart contract platforms. This means Ethereum, Cardano, Solana, etc. Smart contract platforms and the DeFi applications built on them have become hugely popular in recent years.
There is nothing wrong with Litecoin, but it doesn’t have the same advantage as it used to as a low-cost transaction provider. Litecoin is just a currency. As long as cryptos are not widely used for payment, the future of Litecoin is a mystery. In addition to this, the coin has its own limitations from the technology side.
The future of Litecoin does not look particularly bright. The MimbleWimble update released in the summer of 2022 brings much-needed privacy features. However, this has caused some exchanges to drop Litecoin from their offerings due to regulatory concerns.
Litecoin was born already in 2011. At that time, only Proof of Work was used, i.e. a consensus algorithm that required mining. The crypto market is now dominated by Proof of Stake cryptocurrencies. They offer faster and cheaper transactions than Litecoin. This has eaten into the popularity of Litecoin.
Litecoin price potential
Litecoin price potential is the next topic to be discussed. The potential was already mentioned in the recent chapter. The direction of the Litecoin price certainly does not look good. There are many obstacles ahead, but this “Bitcoin’s little brother” is not doomed yet.
Litecoin was sold for years with the idea that Bitcoin is digital gold and Litecoin is digital silver. This narrative worked really well. Litecoin was still a useful means of payment five years ago. However, the rise of Proof of Stake systems has changed the market. Litecoin requires physical mining and has a block time of 2.5 minutes. Exchanges often require up to 10–20 confirmations before a transaction is approved. This means that Litecoin transfers are too slow.
There are dozens of coins on the market that allow transfers to be completed in 10–20 seconds and with almost zero costs. Bitcoin’s lightning network also offers practically free and real-time transfers. Where is Litecoin needed in this equation?
The advantage of Litecoin is the long history of the currency and the resulting reliability. There are also Litecoin ATMs in developing countries around the world. The Litecoin price will hardly ever fall out of the top 50 list, but the competition around it is tough.
If you are interested in buying Litecoin, check our step-by-step guide on how to buy Litecoin.