Litecoin has outperformed Ethereum since the FTX crash. In the last 1 month, LTC has increased by 35% while ETH has fallen by 17%.
Over the 6 years, LTC had 3 good years and 3 years where returns were negative. Overall, it could be described as a moderate investment.
As a use case, Litecoin is better designed for payments than most cryptocurrencies. Also, being Proof of work, it is closer to Bitcoin which is these days seen in a different light from the rest of the Altcoin Proof of consensus.
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Will Litecoin go up?
Litecoin is the central part or of a wave. Some have explained this because of the halving scheduled for July 2023. Another explanation is that since the collapse of FTX, Proof of work cryptocurrencies have worked relatively better. In the last 30 days, 8/10 of the major POS cryptocurrencies have declined by more than 20%. Among POW cryptocurrencies, only 2 have declined by more than 20%.
The future price of Litecoin will depend on how the current cryptocurrency crisis unfolds. If there were to be more scams and scandals, LTC is likely to make money in the long run. LTC itself is an average cryptocurrency, but is likely to surpass POS cryptocurrencies in the next 3 months.
Litecoin Price Prediction 2023, 2025 and 2030
Litecoin Price Prediction 2023 is $167
Litecoin Price Prediction 2025 is $319
Prediction Litecoin Price 2030 is $1496
Will Litecoin reach 1000?
Litecoin will have to increase by 13x to reach $1000. With conservative growth of 25% per year, LTC could reach 1000 by 2034. A 100 Litecoin today at $7600 could be worth $100,000 by 2034
Will Litecoin fall?
Yes, Litecoin could fall further if interest rates are raised by another 100 basis points or if there is another crypto scam.
What is Litecoin?
Litecoin is a P2P (Peer-to-Peer) cryptocurrency that can be used for payments to anyone from anywhere in the world. Litecoin is said to be the lite version of Bitcoin and was designed to make fast transactions in contrast to BTC’s goal of making secure transactions. LTC is currently accepted by more than 2000 merchants. The main advantage or feature of using LTC is effectiveness and efficiency, in terms of cost and time.
