What is Litecoin?

[XM8]

Price prediction
Litecoin Price Prediction | How Much Will Litecoin Rise?
April 13, 2021
Reading Time: 9 min
Litecoin Price Prediction | How Much Will Litecoin Rise? - ltc 1
Table of contents
Intro
What is Litecoin?
Litecoin In 2021 And The History of LTC
Litecoin Experts Weigh in On Litecoin Projected Growth
Past Litecoin and LTC Price Predictions That Got It Right
Litecoin Historical Price Data
Litecoin Price Technical Analysis and Price Potential
Litecoin Price Prediction 2021
Litecoin Price Prediction 2022 – 2023
Litecoin Price Prediction 2024 – 2025
Conclusion: Is Litecoin a Good Investment and How Much Will LTC Be Worth?
Like Bitcoin, Litecoin is a cryptocurrency with enormous long-term projected growth. This helpful Litecoin Price Prediction guide will help investors understand if LTC will rise like Bitcoin and reach prices of $1,000 or more in 2021 and what it will reach beyond 2025.

Intro
Bitcoin was the first-ever cryptocurrency, sparking an entire industry of altcoins created in hopes of improving upon what Bitcoin sought out to achieve. Among the most common improvements altcoins attempt to make over Bitcoin, is improved transaction speeds. Litecoin is the first crypto asset to do so successfully, and it has cemented Litecoin’s place in the crypto market and as a financial asset with long-term growth potential.

This Litecoin price prediction guide will help investors make an informed decision if Litecoin is right for them, help them understand if Litecoin will rise as Bitcoin has in the long term, and provide an all-around Litecoin forecast that will help to determine what could Litecoin be worth in 10 years.

Litecoin Price Prediction | How Much Will Litecoin Rise? - unnamed 300x199

What is Litecoin?
Litecoin is a cryptocurrency designed by former Google and engineer for a crypto exchange, Charlie “Satoshi Lite” Lee. Lee is a controversial figure in the cryptocurrency space, known for selling off his Litecoin holdings at the peak of the last crypto bubble. However, Lee cited the move was done to alleviate a potential conflict of interest.

Lee is still heavily involved in the project, and is the Managing Director of the Litecoin Foundation, a team dedicated to pushing Litecoin adoption, increasing its value proposition in the market, and establishing Litecoin growth in the long term.

Litecoin Price Prediction | How Much Will Litecoin Rise? - unnamed 2 300x84

Litecoin’s code is a work of the Bitcoin Core client, and technically similar to Bitcoin. The main difference is a decreased block generation time of just 2.5 minutes, compared to Bitcoin’s ten minutes. This speeds up transaction times and its lightweight design is where the name “Lite Coin” came from.

Litecoin is among the top ten cryptocurrencies by market cap, giving it added value and long term value, and is part of the reason why LTC price predictions can go so high – the assets listed in the top ten are often the most promising projects in terms of estimated growth and projected value, making them sound investments in what is otherwise a risky market.

Litecoin Price Prediction | How Much Will Litecoin Rise? - en 7 0820.png?v=0.1
Litecoin gets additional value from being so closely tied to Bitcoin, and is commonly referred to as digital silver to Bitcoin’s digital gold narrative. Both assets have a hard-capped supply that gives the assets a scarcity aspect that is similar to precious metals.

According to recent LTC news, Litecoin has been regularly used as a testbed for upcoming second-layer applications that will eventually be applied to Bitcoin, such as Segregated Witness and the Lightning Network.
Source:
https://primexbt.com/blog/litecoin-price-prediction-forecast/