Talking about Litecoin growth, people are wondering will it thrive or not? We’ll discover that below. Before that, let’s make you familiar with a little background of it.
So, Litecoin was founded by Charlie Lee who is an ex-Google worker. He had the notion to formulate something lighter and inexpensive than Bitcoin as the name of the altcoin in the spotlight of this post suggests.
Litecoin was disclosed by an open-source customer on GitHub on October 7, 2011. It is evolved from Bitcoin and has similar characteristics and aspects. So, we can call it the fork of Bitcoin. Litecoin is a better edition of Bitcoin having minor brand attention.
This altcoin is one of the most underrated and grounded cryptocurrency around the world. However, the coin has been in its presence for seven years since 2011. Litecoin is easier to use for most of the population than Bitcoin is. Therefore, we can call this altcoin the “silver” of the crypto world as Bitcoin is pertained to as “gold” of the crypto world.
Talking about its growth, we would like to evaluate the price of Litecoin and presume if it will grow or not.
Price Prediction for 2021
The present price of Litecoin is 195.11 US dollars. Its chances of growing more in the future looks bright with all the integrations and coalitions. The community of this cryptocurrency is pretty active, which arises with all the forthcoming growths, and maintains the fans updated with news. Litecoin might surge upwards and might give a difficult conflict to the other cryptos. By the end of 2021, the price of Litecoin might catch up with $600. It might achieve higher heights, which shall distinguish its futuristic objectives.
Price Prediction for 2025
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By 2025, the block prizes would get halved and become 6.25 LTC. This would lift the Litecoin enthusiasts to exchange and infuse as the halving procedure facilitates the coin to raise its price. Litecoin might even become brighter than its peers and come to be one of the most exchange cryptocurrencies. The price of it might reach up to 1200$ by 2025.
And as the years pass on, this altcoin may grow and grow more in its awareness and price as well. However, it will never beat Bitcoin. The coin that is already standing at $58,824.40 can never be surpassed by a coin like Litecoin, no matter how much fame it gains. At least, we can’t imagine so. So, if you want to trade Bitcoin, you can join this reliable and reputable trading app named as bitpal.
Reliable or Famous Brokers
Other than that, if you are interested in trading Litecoin, let us tell you the most reliable platforms or brokers you can count on:
- Binance
- Kraken
- Pepperstone
- OctaFX
- FXTM
- Avatrade
- CMarkets
Significance of Trading
Now that we have told you about the brokers, let us tell you the significance of trading cryptocurrencies. For the reason that you know the benefits before you get into the game. With knowing the significance, it’s also important to know the tactics of playing the game, or else you may lose. You should do proper research on learning those strategies and tactics. With that said, let us start with the significance:
- Peer-to-peer trading
- Low transaction costs
- Confidential transactions
- Easy International trading
- Individual owner, no middlemen
Bottom Line:
As we know the cryptocurrencies are in a high trend nowadays. If you start trading by now with some lower-price currency such as Litecoin, you may have a lot of gains in the future with the growth of the crypto coin. However, it’s not necessary that you will always get profits out of it. Cryptocurrency is extremely volatile and its prices fluctuate on a daily basis, so make sure to do your due diligence before investing your hard earned money.
