CoinzPress
  • Credit Cards
    • Best Credit Cards 2023
    • Best Rewards Credit Cards
    • Best Cash Back Credit Cards
  • Banking
    How to Save Discord Servers from Hackers

    Ways You Can Save Your Discord Servers from Hackers

    Ethereum Mining Rig

    Ethereum Mining Rig: The Best Ethereum Mining Hardware

    Google in Web3 and Blockchain Technology

    Google is Taking An Interest in Web3 and Blockchain Technology

    Binance

    Binance to Launch Santos FC Fan Token on Its Launchpool

    New Solutions for Cross-Chain Problems

    New Solutions for Cross-Chain Problems

    Blockchain Gaming

    Will The Blockchain Gaming Revolutionise The Future of Video Games?

    Trending Tags

    • Loans
      Tesla sell their bitcoin

      Tesla Took The Internet By Storm for Selling Its Bitcoin in Panic

      Bitcoin-Faucets

      Highest Paying Bitcoin Faucets: How to Choose the Right One?

      lightning-network

      Lightning Network: Everything You Need To Know

      What Can You Buy with Bitcoins

      What Can You Buy with Bitcoins?

      Nasdaq’s Record Breaking

      Witness Nasdaq’s Record-Breaking Performance Across Stock Markets

      Voyager Digital USDC Linked Debit Card

      Voyager Digital Launches USDC Linked Debit Card Linked

      Trending Tags

      • Investing
      • Insurance
      • Stock Market
        • US Markets
        • ASX shares
        • Indian Markets
      • Cryptocurrency
        • Price Prediction
        • DeFi
        • NFT
        • Metaverse
        • Trading
        • Crypto Exchanges
        • Crypto Wallet
        • Brokers
        • Gaming
        • Earning Sites
      • Sections
        • Reviews
        • Beginner Guide
        • How To
      No Result
      View All Result
      • Credit Cards
        • Best Credit Cards 2023
        • Best Rewards Credit Cards
        • Best Cash Back Credit Cards
      • Banking
        How to Save Discord Servers from Hackers

        Ways You Can Save Your Discord Servers from Hackers

        Ethereum Mining Rig

        Ethereum Mining Rig: The Best Ethereum Mining Hardware

        Google in Web3 and Blockchain Technology

        Google is Taking An Interest in Web3 and Blockchain Technology

        Binance

        Binance to Launch Santos FC Fan Token on Its Launchpool

        New Solutions for Cross-Chain Problems

        New Solutions for Cross-Chain Problems

        Blockchain Gaming

        Will The Blockchain Gaming Revolutionise The Future of Video Games?

        Trending Tags

        • Loans
          Tesla sell their bitcoin

          Tesla Took The Internet By Storm for Selling Its Bitcoin in Panic

          Bitcoin-Faucets

          Highest Paying Bitcoin Faucets: How to Choose the Right One?

          lightning-network

          Lightning Network: Everything You Need To Know

          What Can You Buy with Bitcoins

          What Can You Buy with Bitcoins?

          Nasdaq’s Record Breaking

          Witness Nasdaq’s Record-Breaking Performance Across Stock Markets

          Voyager Digital USDC Linked Debit Card

          Voyager Digital Launches USDC Linked Debit Card Linked

          Trending Tags

          • Investing
          • Insurance
          • Stock Market
            • US Markets
            • ASX shares
            • Indian Markets
          • Cryptocurrency
            • Price Prediction
            • DeFi
            • NFT
            • Metaverse
            • Trading
            • Crypto Exchanges
            • Crypto Wallet
            • Brokers
            • Gaming
            • Earning Sites
          • Sections
            • Reviews
            • Beginner Guide
            • How To
          No Result
          View All Result
          CoinzPress
          No Result
          View All Result
          Home Crypto Price Prediction

          Litecoin Price Prediction and Forecast for 2021-2025

          Coinz Press by Coinz Press
          October 16, 2021
          in Crypto Price Prediction, How To
          Litecoin Price Prediction

          Launched as a fork in 2011 as a part of the Bitcoin blockchain, Litecoin has changed the way of investment. The idea behind the creation was to offer a more miner-friendly digital currency. Moreover, they wanted to make it easy so that even an average user can mine the currency without having top-notch devices. With such initiation, it is no wonder that Litecoin boomed in the market. Currently, it has a vast user base. And continues to even stretch their mark on the market. With that being said, today we will focus on the Litecoin price prediction. 

          But Before We Move on To Discussing The Price of It,

          Let us Check How Litecoin Came To Be

          Litecoin is closely in association with Bitcoin. So, if one has to understand the price prediction, one has to go through the original electronic currency. Charlie Lee created Litecoin. Lee had garnered knowledge about the crypto realm while working at Google. It was at this time when he noticed the issues with Bitcoin.

          One of the major issues that gave him the idea to create litecoin was transaction time. The long transaction times and frequent network congestion kept many users upset. To solve this particular issue, he created Litecoin and the Litecoin Foundation. Although Litecoin has a faster transaction time than Bitcoin, the value for the coin is yet to come close. 

          Litecoin is very resistant to ASICs. If you are worried about what it means, ASICs is a graphic card that focuses on mining cryptocurrency. Because of the ASICs, the asset has become very accessible to even the average miners. The number of Litecoin that exists in the market is 84,000,000 LTC. It is four times more than the number of Bitcoin that exist. 

          Although it is less scarce, the number assures that the world would have an easier time using Litecoin as a traditional asset. Although if you are thinking whether there is any difference or not. To tell the truth, there are many differences between the two currencies. Apart from the LTC price, Bitcoin and Litecoin are the same. 

          A Chronological Study of Litecoin (LTC) Price

          Chronological Study of  Litecoin (LTC) Pric

          Litecoin has managed to remain below $100 for the first half of its lifespan. However, in late 2017, the price of Litecoin price hit the mark of $70. Then it almost jumped to $400 by year’s end in the overall ball run. Since that happened, the value of the asset has dropped to $100. 

          Moreover, the value continues to hover around that mark. Although in mid-2019, the Litecoin price hit the mark of $160. But the point was short-lived. Since then, the price of the currency has ranged from the mid $ ’30s to $80. One might think that it may not be a fruitful investment. 

          But if you notice the year-over-year performances, it is doing comparatively better than other cryptocurrencies. Moreover, Litecoin has ranked number 5 in terms of market cap. So, as of now, it makes the worth of the currency close to $5.4 billion. 

          What are The Factors That Impact The Cost of Litecoin?

          Like any digital currency, many factors affect Litecoin. Take the upgrades and price of Bitcoin as such elements. So, let’s see what they are. 

          • One can say that Litecoin used to correlate with Bitcoins value very closely. However, since Bitcoin chose to integrate with the SegWit update, Litecoin has taken the second seat. Because what made Litecoin unique was not unique anymore. 
          • However, the asset still is faster than Bitcoin. So, many investors choose to invest in it. However, as the mainstream world tries to catch onto crypto, the speed and accessibility will become more necessary. So, it can bring in an audience. 
          • There are only 85 million Litecoin that are in circulation. So, one can say that it is four times higher than what Bitcoin is offering. It is also one factor that makes Litecoin not reach Bitcoin’s value possible. 

          Many consider Litecoin as silver to Bitcoin’s gold. As a result, the demand and the cost of gold are more. Thus, it sells for a higher price. However, silver is often used for the transfer of value and has a lower price as a result. Do not forget the feature of halving. Like Bitcoin, Litecoin also goes through halving. Although it has become a bit rarer, the Litecoin price increases because of it. 

          Modernity has Changed Litecoin

          The litecoin platform has recently noticed the launch of LiteBringer. It is an RPG video game that runs on the network. It is one of the ideal ways in which users can learn about the blockchain. Moreover, through it, one will know the ins and outs of the mechanism. LiteBringer allows users to buy in-game items. So, the transactions on the Litecoin Network increase. This procedure makes sure that the price of the currency stays up. Now That We Have Discussed Every Bit of the Aspects of Litecoin,

          The Prediction of Litecoin Price

          According to the LongForecast, the value of Litecoin will hover around $91 in 2021. The site uses mathematical and statistical indicators to predict the long-term performance of currencies. Although they also have predicted that the price will remain around the $90 mark, and sometimes it may even hit the $80 mark of $80 for most of 2022. 

          However, the platform has predicted that the LTC price may take a steep drop to $40 and $50 in 2023. Although the coming two years do not seem good. The prediction for 2024 seems brighter. They predict that the asset may jump back to around $100 in the first six months of 2024. 

          Digital Coin Price predicts that Litecoin may hit the mark of $125 in November 2021. While in the coming 2022, it may go as high as $338.87. Although it may drop to $127 in two years, hitting $144 and then $564.82 in 2026. 

          Ending Note

          How the value of the cryptocurrency will fare only depends on how the market plays out. To get positive and recent updates about Litecoin, check Litecoin news. 

          You may also read

          • VTHO Price Prediction 2021 – 2025
          • Pi Network: Price Prediction for Pi coin
          Share76Tweet47

          Related Posts

          Ford Stock Forecast

          Ford Stock Forecast 2022, 2023, 2025, 2030, 2040, 2050

          November 7, 2022
          DHHF ETF Review: Is DHHF A Good Investment?

          DHHF ETF Review: Is DHHF A Good Investment?

          November 7, 2022
          Five Best ASX Lithium Stocks To Invest In 2022

          Five Best ASX Lithium Stocks To Invest In 2022

          November 7, 2022
          Infosys Share Price Target 2022 To 2050

          Infosys Share Price Target 2022 To 2050

          November 7, 2022
          Why Is MRF Share Price So Expensive?

          Why Is MRF Share Price So Expensive?

          November 7, 2022
          Best Uranium Stocks ASX To Buy In 2022

          Best Uranium Stocks ASX To Buy In 2022

          October 27, 2022
          ADVERTISEMENT

          CoinzPress is one of the leading cryptocurrency news services that cover the latest crypto-related news. The news includes a technical analysis of a wide range of digital currencies as well as forecasts for those electronic currencies. Here at CoinzPress , we aim to enlighten anyone having an interest in the world of cryptocurrency with significant information that could keep them informed.

          So, in short, we cover a range of announcements related to a variety of Alt-coins, digital coins, and any significant news that could create an impact on the trading world and economy.

          • News & Updates
            • Cryptocurrency
            • DeFi
            • NFT
            • Metaverse
            • Press Releases
            • Sponsored
          • Sections
            • How To
            • Technology
            • Investing
            • Stock Market
            • Loans
            • Credit Cards
            • US Markets
            • Brokers
            • Gaming Sites
            • Indian Markets
          • Company
            • About Us
            • Advertising
            • Press Release
            • Contact Us
            • Terms of Uses
            • Privacy Policy
            • Sitemap
          • About
          • Contact Us

          © 2022 Coinz Press

          No Result
          View All Result
          • Credit Cards
            • Best Credit Cards 2023
            • Best Rewards Credit Cards
            • Best Cash Back Credit Cards
          • Banking
          • Loans
          • Investing
          • Insurance
          • Stock Market
            • US Markets
            • ASX shares
            • Indian Markets
          • Cryptocurrency
            • Price Prediction
            • DeFi
            • NFT
            • Metaverse
            • Trading
            • Crypto Exchanges
            • Crypto Wallet
            • Brokers
            • Gaming
            • Earning Sites
          • Sections
            • Reviews
            • Beginner Guide
            • How To

          © 2022 Coinz Press