Price prediction Litecoin 2021
Cryptocurrency has really made a breakthrough in 2021. Litecoin is one of the many currencies that has already shown a significant increase. But what are the Litecoin expectations for the rest of the year? Where can this currency be in 2025 or even 2030?
In this article we give 3 scenarios why this coin could possibly rise, but we also outline a forecast for the short term. Are you new to crypto? Then register first at one of the exchanges below!
Litecoin Price Prediction for 2021 till 2025 | Forecast & Targets Litecoin
Litecoin is a decentralized software platform that uses the blockchain network, allowing others to build and run Distributed Apps (DApps for short) and SmartContracts. So in the future it could be a variation on the internet we know today, but safer and more privacy-friendly. Because it is decentralized, DApps on the Litecoin network cannot be censored.
Litecoin has proven in its relatively long existence that it is a reliable coin and can be seen as the improved version of Bitcoin. Bitcoin is still seen as the gold standard, but Litecoin is compared to its silver brother. And this gives a lot of confidence to investors in a market where there is normally a lot of volatility and still many other cryptos will go bust.
If you believe that Bitcoin will rise sharply in the future, you should also consider investing in Litecoin. Because with the real precious metals it has often turned out that it is smarter to invest in silver than gold because the increase in the price of silver often lags behind for a long time, which leaves room for buyers, but in the end always catches up.
The most important thing for buying or trading a cryptocurrency is that you know what the company is doing. The new developments will lead to greater adoption and a change in price eventually.
Speed and scalability
Litecoin is a fork or split of the original Bitcoin. The lighter version is faster and works with lower transaction costs than Bitcoin. That in itself makes it a reliable and attractive currency for fast peer-to-peer transactions. The average blocktime, the time it takes to confirm a transaction, is about 2.5 minutes, but with Ethereum, for example, it is only 15 seconds and with Ripple it is almost instant.
The maximum number of LTC coins that can be mined is 84,000,000, which is four times as much as Bitcoin. Litecoin’s goal is therefore to have a lower price per coin than Bitcoin and to make the coin more accessible on a large scale for smaller everyday transactions.
Security and reliability
The fact that Litecoin is faster than Bitcoin, but still not very fast, is mainly due to the fact that Litecoin still works with a Proof of Work (PoW) system. This system is slower and requires more energy than the alternative Proof of Stake, but it remains very reliable on a large scale. It is not for nothing that Bitcoin is still so successful, “despite” the PoW system.
For example, the team behind Litecoin is busy with new innovations, which is very positive for the future. The Litecoin future price will also completely wait and see how all these above points will be realized by the team behind it. In any case, the plans and expectations for 2021 – 2025 look good.
Buy or sell Litecoin | Best platforms and brokers for Litecoin
Interested in buying Litecoin? Buying Litecoin can be done at several exchanges.
- Very safe
- Many currencies available
- Low trading costs
- Free account
The second best option to buy Litecoin is Kraken. Kraken is one of the biggest international exchanges with many cryptocurrencies available. Kraken is easy to use for everyone in the world who likes to buy/sell cryptocurrencies.