Litecoin (LTC) surged to a 4-month high today amid a broader bull run. The coin has also emerged as the top weekly gainer, outperforming Bitcoin (BTC), Ethereum (ETH), XRP (XRP), and more.
Moreover, market analysts are becoming increasingly optimistic about Litecoin’s prospects, projecting a much higher valuation for the digital silver.
Litecoin Price Hits 4-Month High Amid Rising Adoption
Data from BeInCrypto Markets revealed that Litecoin’s price has appreciated 40.5% over the past month. In fact, earlier today, LTC went as high as $125, a level last seen in early March.
At the time of writing, the altcoin was trading at $121.8, up 9.43% over the past day. In addition, the trading volume also surged 210% to reach $1.7 billion, signalling heightened market activity.
On CoinGecko, Litecoin has topped the weekly gainer chart, with gains exceeding 15%. Furthermore, data from Artemis showed that Litecoin’s strong performance over the past seven days has even made the ‘Store of Value’ category the best-performing segment in the market.
Besides market performance, Litecoin adoption has also increased. CoinGate, a crypto-payment provider, observed a shift in crypto payment preferences. While Bitcoin continues to hold the leading position, Litecoin has climbed to the second position.
Moreover, the Litecoin MWEB Balance has nearly hit 170,000 LTC and has been steadily increasing since mid-2023. This shows growing demand.
Litecoin Price Prediction: What Do Analysts Think?
Meanwhile, analysts are pointing out reasons why Litcoin could be poised for significant growth in 2025. From a fundamental perspective, Tanaka highlighted several factors that could support Litecoin’s rally.
- Institutional Interest: The analyst pointed out that if MEI Pharma expands its Litecoin treasury to $400 million, $600 million, or more, it could remove 4-5% of Litecoin’s supply from circulation, tightening supply.
- Fixed Supply: Tanaka noted that about 5% of the total supply could be locked away permanently. This scarcity may drive Litecoin’s price upward as supply shrinks.
- Undervaluation: Despite offering faster and cheaper transactions than Bitcoin, Litecoin remains undervalued. It trades at a fraction of Bitcoin’s price while seeing growing real-world adoption.
- Technological Advancements: The analyst added that Litecoin was the first to implement SegWit, host the first Lightning Network transaction, and add privacy upgrades like MWEB. Furthermore, it has maintained 13 years of uptime without any hacks, scandals, or issues.
- Core Focus: Unlike other blockchain networks, Litecoin has remained focused on being ‘simple sound money.’
“Litecoin isn’t trying to be the next Solana, not chasing AI, gaming, or meme coins…No pre-mine, no central issuer, no VC tax, no ambiguity. Just pure, peer-to-peer digital cash the way Satoshi intended. Sometimes, you just need to pay attention to what’s quietly winning. Litecoin might be the most inevitable,” Tanaka stated.
Tanaka also hypothesized that if Bitcoin reaches $500,000, Litecoin could rise to $25,000 at just 5% of Bitcoin’s value. Similarly, if Bitcoin hits $1 million, Litecoin could climb to $100,000.
“Even conservatively, LTC at $1,000 is a fundamentally sound bet, not just hopium,” he wrote.
From a technical perspective, an analyst pointed out that Litecoin is exhibiting the same pattern it followed before its 5x price surge in 2020.
“This time, the next target isn’t just high — it’s ATH territory,” the post read.
Another analyst pointed out $150 as the next short-term target. He also noted that LTC is demonstrating greater strength compared to many altcoins, and a return to its all-time highs may be on the horizon.
However, the chances of Litecoin hitting these ambitious targets are debatable. Investors should do their own research before making investment decisions.
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