Litecoin is one of the most established cryptocurrencies. Litecoin has proven time and time again that it is a good investment, and given the technical signals and fundamental strength, and the fact that the asset is coming out of an extended bear market and building a strong base, Litecoin is poised for another uptrend, making it … All Rights Reserved. Though Litecoin is often compared to Bitcoin, in technical terms Litecoin has faster transaction times and lower fees to buy and sell LTC, which can make it a better investment in 2021. Is Litecoin a good investment? In contrast, Prime XBT thinks that litecoin could reach $4,600 by 2021. How Much of Charles Hoskinson's Net Worth Is in Crypto? Currently, Litecoin is one of the only serious Bitcoin competitors. Litecoin has proven to be a less stressful cryptocurrency to invest in versus its competitors. He tried to remedy some issues with bitcoin by creating litecoin (LTC). Given that, the technical and fundamental strength and signal of Litecoin respectively show that Litcoin (LTC) is paving its way out from the bear market. If this is what’s happening, it could take a while for prices to recover. It ended the year at $125. First of all, investors should understand that a Litecoin investment is a risky play given the inherent volatility associated with cryptocurrencies and the level of volatility that the financial markets as a whole are seeing lately. If you want a Litecoin price prediction, it could stay between $200 and $250 throughout the next 12 months. This makes it easier because you can use your debit or credit card, and … What are the features of virtual currency? Unlike some other cryptocurrency projects that try to solve a unique problem or issue, Litecoin is more or less a copycat of Bitcoin. Is Litecoin a Good Investment? The asset has been building a strong base and is coming out of a bear market. During previous Litecoin crashes, it took anywhere from a few weeks to even a few months for prices to recover. However, it probably won't grow past that. Other than that, the currency is an ideal investment. Also, given the expectation of its rise in 2021, it seems like a good investment. Otherwise, you can choose to trade Litecoin using either spot trading or derivatives trading that can long or short a market position. Now, as Litecoin stands today, it has fallen below its first peak price of $44.53 and is currently trading at $37. Also, given the expectation of its rise in 2021, it seems like a good investment. Cryptocurrencies are gaining wider popularity after being in the shadow of doubt for a long time. The main differences come from the fact that Litecoin has a maximum total of 84 million tokens, while Bitcoin only has 21 million. Capital.com has a more conservative estimate of $67. It can be said that Litecoin is not just a good but an excellent investment. Is Litecoin a good investment? Cathie Wood's Ark Invest Is Bullish on Ethereum and Bitcoin. share. Market participants’ estimates for litecoin in 2021 vary widely. But, others take a bearish stance saying that another crypto winter will drop the Litecoin price to as low as $1.5 by the end of 2024. The following facts support Litecoin: Its longevity. Best crypto exchanges for trading derivatives. Litecoin is a cryptocurrency that appeared two years after Bitcoin, in 2011. 0 comments. Is Litecoin a Good Investment? That said, Bitcoin still ranks 1st in terms of adoption and market cap, with analysts claiming that BTC may hit … hide. Whether it’s on crypto exchanges or at forex brokers, one of them is at TenkoFX as our sponsor. When looking at a crypto I don’t focus on if it’s a good investment for any particular year; instead I focus on the fundamentals of a project. It's difficult to predict the price of litecoin or for that matter any other cryptocurrency with accuracy. Most of these projects have died off or faded away into obscurity, but a few have stood the test of time. Transactions on the Litecoin network also happen faster (3) … Be the first to share what you think! Sort by. In this complete crypto guide to Litecoin, we will tell you exactly what you need to know to invest in this still-growing cryptocurrency. Like any other cryptocurrency, Litecoin is volatile. However, unlike most cryptocurrencies, Litecoin is still substantially down from its all-time high back in 2018, around $300. According to Coinswitch, litecoin could reach a value of $600. no comments yet. Unlike some other cryptocurrency projects that try to solve a unique problem or issue, Litecoin is more or less a copycat of Bitcoin. Cryptos’ popularity is also rising as shopping shifts from stores to online. What's the prediction regarding litecoin’s price in 2021? Holochain’s Price Prediction for 2021. After starting the year at $42, amid sell-offs induced by the COVID-19 pandemic, the token price went as low as $30.93 following the lockdown. Market Realist is a registered trademark. While litecoin has gained a lot of popularity and is being used more by businesses, cryptos tend to be very volatile and are very risky investments. Litecoin is essentially an updated version of Bitcoin, created in 2011, and is sometimes called Bitcoin-Lite. The developer was a certain Charles Lee. After the lockdown ended, litecoin experienced its new high in August at $66.63. The best crypto exchanges in canada. The peer-to-peer cryptocurrency network launched in 2011 as a fork of the bitcoin blockchain by Charlie Lee. Usually, litecoin's price moves in tandem or at least in the same direction as bitcoin. All Rights Reserved. Is Litecoin a good investment? So this indicates that more people are buying Litecoin tokens as a part of their investment strategy. With that said, I do believe that Litecoin is a good investment for 2021. Investing in Litecoin Litecoin continues to share many of the same attributes as bitcoin. People may receive compensation for some links to products and services on this website. A transaction block is created every 2.5 minutes instead of every 10 minutes for bitcoin. If you are new to the platform, you need to complete your registration to start purchasing litecoin. Is Litecoin a Good Investment? Early Litecoin investors would have a much larger quantity of tokens given that prices were significantly lower in the past. Once you have Litecoin, you can decide to buy and hold it in a wallet as an investment asset. That would explain this big price drop. Is Dogecoin an Eco-Friendly Alternative to Bitcoin? Is Litecoin a good investment in 2021? However, it's down nearly 15 percent from the peak of $178 on Jan. 9. Investors can purchase the token with a credit card or bank account. Litecoin’s price experienced some wild swings in 2020. However, I don’t think you’re better off investing in Litecoin compared to its larger rival or many of the other, more unique altcoins on the market right now. One of the main advantages of investing in Litecoin is that you can easily buy it using fiat-money such as USD, EUR, and GBP! Offers may be subject to change without notice. Litecoin has a lot of potential given its wide usage as a medium of exchange and adoption as a payment option by many businesses, including furniture retailer Overstock. Litecoin is a good investment as it is a coin that has a place in our continually evolving digital architecture. It only calls for proper risk management. 970. Litecoin’s reputation is that it typically underperforms other larger cryptocurrencies. best. Of course, it’s a resounding yes if you ask ardent supporters of this cryptocurrency – the seventh biggest in the world based on market capitalisation. Risk-taking and return on capital fluctuations generally apply to cryptocurrencies. 100% Upvoted. However, Litecoin’s strongest market structure is around the $4.00 range, a range which LTC is far away from yet. Every trader must understand the risk that comes with investing in the coin. If the volatility is extreme, those who already own this digital cryptocurrency can benefit from price swings. The dethroning from the league of ten largest cryptocurrencies notwithstanding, Litecoin remains one of the most popular blockchain projects. Litecoin is created by Charlie Lee, an ex-Google employee, to had the vision to create something which is lighter and cheaper than Bitcoin, hence the name. Analysts are also optimistic about its future price performance, and these factors are a valuable addition to your crypto portfolio. Why Ethereum Is A Good Investment? Crypto Bubble Has Burst: Blame Elon Musk, Exuberance, and China’s Ban, Why SushiSwap (SUSHI) Is a Good Investment Now, Polkadot Staking Explained: The Best Polkadot Staking Tools for Investors, What’s HOT? On October 7, 2011, Litecoin was released by an open-source client on GitHub. Accumulate more and more and more. Its prices are prone to changes based on market movements. Investors are flocking to cryptocurrencies along with precious metals. Because of the low transaction fees for Litecoin, the coin can be used more readily. Litecoin is less scarce compared to bitcoin, which is also reflected in its value. Some experts believe that Litecoin’s current all-time high might be surpassed as they predict a LTC price that will hit a staggering $595 by 2030 making it a good long term investment. Mark Cuban's Crypto Portfolio—'All in' on Bitcoin and Ethereum. Litecoin's other main advantage is that it’s faster. Investors notice cryptocurrencies' potential, as shown by bitcoin’s recent blistering bull run to above $40,000 and ether reaching an all-time high. While some of the cryptos are losing shine like ripple, some others like dogecoin are emerging as winners out of nowhere. Should you buy Litecoin today? While the estimates could be extreme, it's widely thought that litecoin's price will rise in 2021. Litecoin stirred up investors' interest when it hit its record high of $375 in 2017, which represented about an 8,200 percent increase on a YoY basis. Litecoin is a good investment because it shows it has solid technical signals and continues to show fundamental strength. It functions as a digital currency and a payment system. do you guys think $100 is a good investment in litecoin right now ? Cryptos are much more volatile than stocks in general and the factors impacting them are also very diverse. Ever since Bitcoin first started to gain traction, hundreds of other cryptocurrencies have emerged in an attempt to compete with or even replace it. The strength in the U.S. dollar and investors booking some profits in cryptos could be the major reasons for this decline. The name of the new money is translated as “lite” coin (coin). Right now, 18.5 million Bitcoin tokens have already been mined, while Litecoin has mined 66.8 million. Is Litecoin a good long term investment? But if you’re tempted to invest in Litecoin, it’s best to perform your own research and find out more about what makes this digital asset tick. Litecoin is positioning itself for short to mid-term price appreciation making it an excellent investment. outside is bitcoin still a good investment singapore the uk, tax regulation differs hugely. So far in 2021, LTC has gained another 22 percent. Advantages of Litecoin Investments As among the 1st altcoins on the market, Litecoin typically holds its value better than newer altcoins with lower … Currently, Litecoin is trading at $176—down from its recent high of $260. However, after hitting a recent all-time high in February, the prices have fallen by around 35 percent—one of the steepest declines in Litecoin’s history. Log in or sign up to leave a comment Log In Sign Up. Altcoins, which cost less than litecoin, should benefit as small investors follow the crypto trend. Like most other cryptocurrencies, Litecoin has done exceptionally well this year. Litecoin (LTC) is a good investment because it has high transaction speed, low transaction costs and fast confirmation time. Litecoin prices have crashed in recent weeks. Market Realist is a registered trademark. The most relevant answer is that Litecoin, with the ticker symbol LTC, is still one of the most traded cryptos. Also, there's a maximum of 84 million litecoins in circulation compared to 21 million bitcoins. The most likely explanation is that long-term investors are cashing in on their gains. However, litecoin is faster than bitcoin. For exchanges lacking this pairing, you might be required to purchase bitcoin first and then trade it for litecoin. So, it is the fork of the Bitcoin. As one of the earliest altcoins in the cryptocurrency market, the crypto asset saw an increase in its popularity by rewarding miners and investors alike. While some exchanges allow LTC to fiat currency pairings, some of them don’t. They are seen as "digital gold," a potential safe-haven asset, and an inflation hedge. The most recent occurring in 2019, in which the price increased 500% in reflection of bitcoin’s momentum after its halving. Compared to bitcoin and ethereum, litecoin is affordable. There are a few reasons why this is happening. Many feel that cryptocurrencies will be the cash of tomorrow, and LTC is ready to be that cash. report. View Entire Discussion (0 Comments) More posts from the litecoin community . Where will Litecoin prices go from here? So, while there are some technical advantages to Litecoin, it isn't so substantial that it could completely replace Bitcoin, especially since the latter is so well established. © Copyright 2021 Market Realist. Is Litecoin a good investment? Years on, Bitcoin is touted as digital gold, while Litecoin, also known for its abbreviated form LTC, is referred to as digital silver. From time to time, Litecoin (LTC) has proved to be a good investment. Should I Buy Litecoin: How do I Invest In Litecoin? As such, it’s less risky to invest in Litecoin than it is in newer cryptocurrencies. First started in 2011, just two years after Bitcoin launched, Litecoin has become the sixth-largest cryptocurrency by market cap. / Is Litecoin A Good Investment Pros Cons In 2021 Primexbt : Whilst the lightning network on bitcoin is meant to help founder charlie lee has previously been accused of undermining the project when he chose to sell all his holdings for more than $300 a coin in the last.. Litecoin has proven time and time again that it is a good investment, and given the technical signals and fundamental strength, and the fact that the asset is coming out of an extended bear market and building a strong base, Litecoin is poised for another uptrend, making it an excellent investment and not just a … Is Litecoin a good investment for 2021? Among these similarities are their fixed supply, being powered by the Proof of Work (PoW) consensus, and having block reward halving. save. The fact that Litecoin hasn’t surpassed its 2018 levels, while almost every other major cryptocurrency has, isn’t a great sign. After holding their Litecoins for months or years, early investors might be cashing out their positions while prices are high. People may receive compensation for some links to products and services on this website. Is Litecoin a Good Investment? Over the past 12 months, the prices have more than quadrupled. Litecoin is a cryptocurrency that isn't very different from bitcoin. I think Litecoin will continue to do well as a proxy to Bitcoin since the two have almost the same function. Litecoin is sometimes referred to as "digital silver" compared to bitcoin’s "digital gold" reference. Litecoin is one of the alternative digital currencies founded following the global success of Bitcoin. The complete list of best cryptocurrency exchange for 2021. Best Crypto Exchange Canada Reddit 2021 : Litecoin Ltc Price Prediction 2021 Is Litecoin A Good Investment - So, let's first check the factors to consider before choosing any crypto exchange in canada. Litecoin is formed from Bitcoin, with similar features and characteristics. Use the various market … Posted by 3 days ago. Source: capital.com. The best way to invest in Litecoin is by observing the market. Litecoin is a great asset to invest in because it’s one of the first cryptocurrencies. Investors should tread with caution when investing in cryptos, including litecoin. Offers may be subject to change without notice. The Bitcoin network’s average transaction time is around nine minutes, while Litecoin’s is closer to two and a half minutes. While it's still much smaller and less popular than Bitcoin, Litecoin is listed on all of the major cryptocurrency exchanges out there. Litecoin coin, in particular, has had many ups and downs compared to the top 10 list of currencies. Founded by Charlie Lee, a former Google engineer, Litecoin was launched in 2013 following a few improvements over other cryptocurrencies, If the current crypto bull market ends sooner than that, prices could even tumble down to below $150. Litecoin can be bought on any of the major crypto exchanges including Binance, Coinbase, Bitpanda, and CEX.io. When considering Litecoin as a long-term investment, it’s useful to examine its fundamental qualities as a cryptocurrency and as a project in general. © Copyright 2021 Market Realist. Since they aren't regulated, this tends to increase the risk even more. Considering how Bitcoin just tumbled almost 10 percent recently, I wouldn’t be surprised if it takes Litecoin more time to recover than usual. Good invest in Litecoin does not generally belong to timid people. The issues included long transaction times and frequent network congestion. Compared to bitcoin and ethereum, litecoin is affordable. Other reasons why we believe that Litecoin is good investment include: Litecoin … What To Do With Litecoin.
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