Litecoin has been the third cryptocurrency by market capitalization for a very long time. This crypto coin has been active for over nine years now and has managed to be successful for most of this period. At the moment, it is still ranked among the top 30 cryptocurrencies by market cap.
Lately, there has been a lot of talk happening about how Litecoin has “fallen off.” Nowadays, all trending tokens are either attached to a strong brand, have a lot to offer besides being a store of value, or are simply quirky enough to be noticed by millionaires. Despite having a solid technical foundation, Litecoin doesn’t really have any of those things.
However, this cryptocurrency is still going strong, and we are very likely to see the price and market cap of Litecoin rise again in the future.
In this article, we’ll take a look at Litecoin’s fundamentals and its prospects as a long-term investment. Please remember that our LTC price prediction does not constitute investment advice, and you should do your own research before deciding whether it’s a good investment or not.
Litecoin Overview
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- Our real-time LTC to USD price update shows the current Litecoin price as $68.9 USD.
- Our most recent Litecoin price forecast indicates that its value will increase by 4.08% and reach $71.45 by February 09, 2024.
- Our technical indicators signal about the Bearish Bullish 31% market sentiment on Litecoin, while the Fear & Greed Index is displaying a score of 62 (Greed).
- Over the last 30 days, Litecoin has had 18/30 (60%) green days and 3.07% price volatility.
Litecoin (LTC) Technical Overview
When discussing future trading opportunities of digital assets, it is essential to pay attention to market sentiments.
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Litecoin (LTC) Price Prediction For Today, Tomorrow and Next 30 Days
| Date | Price | Change |
|---|---|---|
| February 08, 2024 | $68.43 | -0.32% |
| February 09, 2024 | $70.35 | 2.48% |
| February 10, 2024 | $71.45 | 4.08% |
| February 11, 2024 | $68.79 | 0.2% |
| February 12, 2024 | $69.29 | 0.93% |
| February 13, 2024 | $71.41 | 4.02% |
| February 14, 2024 | $73.92 | 7.68% |
| February 15, 2024 | $73.88 | 7.62% |
| February 16, 2024 | $70.25 | 2.33% |
| February 17, 2024 | $69.67 | 1.49% |
| February 18, 2024 | $67.24 | -2.05% |
| February 19, 2024 | $68.64 | -0.01% |
| February 20, 2024 | $69.82 | 1.7% |
| February 21, 2024 | $66.12 | -3.69% |
| February 22, 2024 | $67.58 | -1.56% |
| February 23, 2024 | $68.89 | 0.35% |
| February 24, 2024 | $70.67 | 2.94% |
| February 25, 2024 | $69.43 | 1.14% |
| February 26, 2024 | $67.88 | -1.12% |
| February 27, 2024 | $63.68 | -7.24% |
| February 28, 2024 | $61.57 | -10.31% |
| February 29, 2024 | $59.43 | -13.43% |
| March 01, 2024 | $58.01 | -15.5% |
| March 02, 2024 | $58.94 | -14.14% |
| March 03, 2024 | $61.63 | -10.23% |
| March 04, 2024 | $61.98 | -9.72% |
| March 05, 2024 | $59.54 | -13.27% |
| March 06, 2024 | $62.82 | -8.49% |
| March 07, 2024 | $63.79 | -7.08% |
| March 08, 2024 | $61.76 | -10.04% |
Litecoin Prediction Table
2024
2025
2026
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2028
2029
2030
2031
2032
2033
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2050
| February | $59.43 | $66.68 | $73.92 | |
| March | $58.01 | $64.33 | $70.65 | |
| April | $69.56 | $71.76 | $73.95 | |
| May | $69.47 | $71.19 | $72.91 | |
| June | $62.03 | $67.28 | $72.53 | |
| July | $61.37 | $66.53 | $71.68 | |
| August | $61.90 | $70.18 | $78.45 | |
| September | $74.57 | $76.57 | $78.56 | |
| October | $78.10 | $83.86 | $89.61 | |
| November | $100 | $99.73 | $99.45 | |
| December | $100.68 | $100.24 | $99.80 | |
| All Time | $72.28 | $76.21 | $80.14 |
Choose a year
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Litecoin Historical
According to the latest data gathered, the current price of Litecoin is $$68.04, and LTC is presently ranked No. 19 in the entire crypto ecosystem. The circulation supply of Litecoin is $5,046,871,969.50, with a market cap of 74,179,444 LTC.
In the past 24 hours, the crypto has increased by $0.01 in its current value.
For the last 7 days, LTC has been in a good upward trend, thus increasing by 0.28%. Litecoin has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.
During the last month, the price of LTC has increased by 3.35%, adding a colossal average amount of $2.28 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.
Litecoin Price Prediction 2024
According to the technical analysis of Litecoin prices expected in 2024, the minimum cost of Litecoin will be $$100. The maximum level that the LTC price can reach is $$99.90. The average trading price is expected around $$99.80.
LTC Price Forecast for February 2024
Based on the price fluctuations of Litecoin at the beginning of 2023, crypto experts expect the average LTC rate of $$66.68 in February 2024. Its minimum and maximum prices can be expected at $$59.43 and at $$73.92, respectively.
March 2024: Litecoin Price Forecast
Cryptocurrency experts are ready to announce their forecast for the LTC price in March 2024. The minimum trading cost might be $$58.01, while the maximum might reach $$70.65 during this month. On average, it is expected that the value of Litecoin might be around $$64.33.
LTC Price Forecast for April 2024
Crypto analysts have checked the price fluctuations of Litecoin in 2023 and in previous years, so the average LTC rate they predict might be around $$71.76 in April 2024. It can drop to $$69.56 as a minimum. The maximum value might be $$73.95.
May 2024: Litecoin Price Forecast
In the middle of the year 2023, the LTC price will be traded at $$71.19 on average. May 2024 might also witness an increase in the Litecoin value to $$72.91. It is assumed that the price will not drop lower than $$69.47 in May 2024.
LTC Price Forecast for June 2024
Crypto experts have analyzed Litecoin prices in 2023, so they are ready to provide their estimated trading average for June 2024 — $$67.28. The lowest and peak LTC rates might be $$62.03 and $$72.53.
July 2024: Litecoin Price Forecast
Crypto analysts expect that at the end of summer 2023, the LTC price will be around $$66.53. In July 2024, the Litecoin cost may drop to a minimum of $$61.37. The expected peak value might be $$71.68 in July 2024.
LTC Price Forecast for August 2024
Having analyzed Litecoin prices, cryptocurrency experts expect that the LTC rate might reach a maximum of $$78.45 in August 2024. It might, however, drop to $$61.90. For August 2024, the forecasted average of Litecoin is nearly $$70.18.
September 2024: Litecoin Price Forecast
In the middle of autumn 2023, the Litecoin cost will be traded at the average level of $$76.57. Crypto analysts expect that in September 2024, the LTC price might fluctuate between $$74.57 and $$78.56.
LTC Price Forecast for October 2024
Market experts expect that in October 2024, the Litecoin value will not drop below a minimum of $$78.10. The maximum peak expected this month is $$89.61. The estimated average trading value will be at the level of $$83.86.
November 2024: Litecoin Price Forecast
Cryptocurrency experts have carefully analyzed the range of LTC prices throughout 2023. For November 2024, their forecast is the following: the maximum trading value of Litecoin will be around $$99.45, with a possibility of dropping to a minimum of $$100. In November 2024, the average cost will be $$99.73.
LTC Price Forecast for December 2024
Market analysts predict that Litecoin will not fall below $$100.68 in December 2024, with a chance of peaking at $$99.80 in the same month. The average trading value is expected to be $$100.24.
Litecoin Price Prediction 2025
After the analysis of the prices of Litecoin in previous years, it is assumed that in 2025, the minimum price of Litecoin will be around $$125.44. The maximum expected LTC price may be around $$149.92. On average, the trading price might be $$129.96 in 2025.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2025 | $102.12 | $102.31 | $104.07 |
| February 2025 | $104.24 | $104.83 | $108.24 |
| March 2025 | $106.36 | $107.34 | $112.41 |
| April 2025 | $108.48 | $109.85 | $116.57 |
| May 2025 | $110.60 | $112.37 | $120.74 |
| June 2025 | $112.72 | $114.88 | $124.91 |
| July 2025 | $114.84 | $117.39 | $129.08 |
| August 2025 | $116.96 | $119.91 | $133.25 |
| September 2025 | $119.08 | $122.42 | $137.42 |
| October 2025 | $121.20 | $124.93 | $141.58 |
| November 2025 | $123.32 | $127.45 | $145.75 |
| December 2025 | $125.44 | $129.96 | $149.92 |
Litecoin Price Prediction 2026
Based on the technical analysis by cryptocurrency experts regarding the prices of Litecoin, in 2026, LTC is expected to have the following minimum and maximum prices: about $$191.09 and $$218.67, respectively. The average expected trading cost is $$196.29.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2026 | $130.91 | $135.49 | $155.65 |
| February 2026 | $136.38 | $141.02 | $161.38 |
| March 2026 | $141.85 | $146.54 | $167.11 |
| April 2026 | $147.32 | $152.07 | $172.84 |
| May 2026 | $152.79 | $157.60 | $178.57 |
| June 2026 | $158.27 | $163.13 | $184.30 |
| July 2026 | $163.74 | $168.65 | $190.02 |
| August 2026 | $169.21 | $174.18 | $195.75 |
| September 2026 | $174.68 | $179.71 | $201.48 |
| October 2026 | $180.15 | $185.24 | $207.21 |
| November 2026 | $185.62 | $190.76 | $212.94 |
| December 2026 | $191.09 | $196.29 | $218.67 |
Litecoin Price Prediction 2027
The experts in the field of cryptocurrency have analyzed the prices of Litecoin and their fluctuations during the previous years. It is assumed that in 2027, the minimum LTC price might drop to $$283.77, while its maximum can reach $$324.38. On average, the trading cost will be around $$293.58.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2027 | $198.81 | $204.40 | $227.48 |
| February 2027 | $206.54 | $212.51 | $236.29 |
| March 2027 | $214.26 | $220.61 | $245.10 |
| April 2027 | $221.98 | $228.72 | $253.91 |
| May 2027 | $229.71 | $236.83 | $262.72 |
| June 2027 | $237.43 | $244.94 | $271.53 |
| July 2027 | $245.15 | $253.04 | $280.33 |
| August 2027 | $252.88 | $261.15 | $289.14 |
| September 2027 | $260.60 | $269.26 | $297.95 |
| October 2027 | $268.32 | $277.37 | $306.76 |
| November 2027 | $276.05 | $285.47 | $315.57 |
| December 2027 | $283.77 | $293.58 | $324.38 |
Litecoin Price Prediction 2028
Based on the analysis of the costs of Litecoin by crypto experts, the following maximum and minimum LTC prices are expected in 2028: $$490.55 and $$403.66. On average, it will be traded at $$418.34.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2028 | $293.76 | $303.98 | $338.23 |
| February 2028 | $303.75 | $314.37 | $352.08 |
| March 2028 | $313.74 | $324.77 | $365.92 |
| April 2028 | $323.73 | $335.17 | $379.77 |
| May 2028 | $333.72 | $345.56 | $393.62 |
| June 2028 | $343.72 | $355.96 | $407.47 |
| July 2028 | $353.71 | $366.36 | $421.31 |
| August 2028 | $363.70 | $376.75 | $435.16 |
| September 2028 | $373.69 | $387.15 | $449.01 |
| October 2028 | $383.68 | $397.55 | $462.86 |
| November 2028 | $393.67 | $407.94 | $476.70 |
| December 2028 | $403.66 | $418.34 | $490.55 |
Litecoin Price Prediction 2029
Crypto experts are constantly analyzing the fluctuations of Litecoin. Based on their predictions, the estimated average LTC price will be around $$619.79. It might drop to a minimum of $$603.05, but it still might reach $$705.99 throughout 2029.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2029 | $420.28 | $435.13 | $508.50 |
| February 2029 | $436.89 | $451.92 | $526.46 |
| March 2029 | $453.51 | $468.70 | $544.41 |
| April 2029 | $470.12 | $485.49 | $562.36 |
| May 2029 | $486.74 | $502.28 | $580.32 |
| June 2029 | $503.36 | $519.07 | $598.27 |
| July 2029 | $519.97 | $535.85 | $616.22 |
| August 2029 | $536.59 | $552.64 | $634.18 |
| September 2029 | $553.20 | $569.43 | $652.13 |
| October 2029 | $569.82 | $586.22 | $670.08 |
| November 2029 | $586.43 | $603 | $688.04 |
| December 2029 | $603.05 | $619.79 | $705.99 |
Litecoin Price Prediction 2030
Every year, cryptocurrency experts prepare forecasts for the price of Litecoin. It is estimated that LTC will be traded between $$860.83 and $$1,024.40 in 2030. Its average cost is expected at around $$891.82 during the year.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2030 | $624.53 | $642.46 | $732.52 |
| February 2030 | $646.01 | $665.13 | $759.06 |
| March 2030 | $667.50 | $687.80 | $785.59 |
| April 2030 | $688.98 | $710.47 | $812.13 |
| May 2030 | $710.46 | $733.14 | $838.66 |
| June 2030 | $731.94 | $755.81 | $865.20 |
| July 2030 | $753.42 | $778.47 | $891.73 |
| August 2030 | $774.90 | $801.14 | $918.26 |
| September 2030 | $796.39 | $823.81 | $944.80 |
| October 2030 | $817.87 | $846.48 | $971.33 |
| November 2030 | $839.35 | $869.15 | $997.87 |
| December 2030 | $860.83 | $891.82 | $1,024.40 |
Litecoin Price Prediction 2031
Cryptocurrency analysts are ready to announce their estimations of the Litecoin’s price. The year 2031 will be determined by the maximum LTC price of $$1,481.40. However, its rate might drop to around $$1,251.26. So, the expected average trading price is $$1,295.85.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2031 | $893.37 | $925.49 | $1,062.48 |
| February 2031 | $925.90 | $959.16 | $1,100.57 |
| March 2031 | $958.44 | $992.83 | $1,138.65 |
| April 2031 | $990.97 | $1,026.50 | $1,176.73 |
| May 2031 | $1,023.51 | $1,060.17 | $1,214.82 |
| June 2031 | $1,056.05 | $1,093.84 | $1,252.90 |
| July 2031 | $1,088.58 | $1,127.50 | $1,290.98 |
| August 2031 | $1,121.12 | $1,161.17 | $1,329.07 |
| September 2031 | $1,153.65 | $1,194.84 | $1,367.15 |
| October 2031 | $1,186.19 | $1,228.51 | $1,405.23 |
| November 2031 | $1,218.72 | $1,262.18 | $1,443.32 |
| December 2031 | $1,251.26 | $1,295.85 | $1,481.40 |
Litecoin Price Prediction 2032
After years of analysis of the Litecoin price, crypto experts are ready to provide their LTC cost estimation for 2032. It will be traded for at least $$1,886.64, with the possible maximum peaks at $$2,173.77. Therefore, on average, you can expect the LTC price to be around $$1,938.48 in 2032.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2032 | $1,304.21 | $1,349.40 | $1,539.10 |
| February 2032 | $1,357.16 | $1,402.96 | $1,596.80 |
| March 2032 | $1,410.11 | $1,456.51 | $1,654.49 |
| April 2032 | $1,463.05 | $1,510.06 | $1,712.19 |
| May 2032 | $1,516 | $1,563.61 | $1,769.89 |
| June 2032 | $1,568.95 | $1,617.17 | $1,827.59 |
| July 2032 | $1,621.90 | $1,670.72 | $1,885.28 |
| August 2032 | $1,674.85 | $1,724.27 | $1,942.98 |
| September 2032 | $1,727.80 | $1,777.82 | $2,000.68 |
| October 2032 | $1,780.74 | $1,831.38 | $2,058.38 |
| November 2032 | $1,833.69 | $1,884.93 | $2,116.07 |
| December 2032 | $1,886.64 | $1,938.48 | $2,173.77 |
Litecoin Price Prediction 2033
Cryptocurrency analysts are ready to announce their estimations of the Litecoin’s price. The year 2033 will be determined by the maximum LTC price of $$3,262.44. However, its rate might drop to around $$2,639.02. So, the expected average trading price is $$2,735.95.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2033 | $1,949.34 | $2,004.94 | $2,264.49 |
| February 2033 | $2,012.04 | $2,071.39 | $2,355.22 |
| March 2033 | $2,074.74 | $2,137.85 | $2,445.94 |
| April 2033 | $2,137.43 | $2,204.30 | $2,536.66 |
| May 2033 | $2,200.13 | $2,270.76 | $2,627.38 |
| June 2033 | $2,262.83 | $2,337.22 | $2,718.11 |
| July 2033 | $2,325.53 | $2,403.67 | $2,808.83 |
| August 2033 | $2,388.23 | $2,470.13 | $2,899.55 |
| September 2033 | $2,450.93 | $2,536.58 | $2,990.27 |
| October 2033 | $2,513.62 | $2,603.04 | $3,081 |
| November 2033 | $2,576.32 | $2,669.49 | $3,171.72 |
| December 2033 | $2,639.02 | $2,735.95 | $3,262.44 |
Litecoin Price Prediction 2040
According to the technical analysis of Litecoin prices expected in 2040, the minimum cost of Litecoin will be $$44,705.33. The maximum level that the LTC price can reach is $$56,141.59. The average trading price is expected around $$48,781.89.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2040 | $6,144.55 | $6,573.11 | $7,669.04 |
| February 2040 | $9,650.07 | $10,410.27 | $12,075.63 |
| March 2040 | $13,155.60 | $14,247.44 | $16,482.23 |
| April 2040 | $16,661.12 | $18,084.60 | $20,888.82 |
| May 2040 | $20,166.65 | $21,921.76 | $25,295.42 |
| June 2040 | $23,672.18 | $25,758.92 | $29,702.02 |
| July 2040 | $27,177.70 | $29,596.08 | $34,108.61 |
| August 2040 | $30,683.23 | $33,433.24 | $38,515.21 |
| September 2040 | $34,188.75 | $37,270.41 | $42,921.80 |
| October 2040 | $37,694.28 | $41,107.57 | $47,328.40 |
| November 2040 | $41,199.80 | $44,944.73 | $51,734.99 |
| December 2040 | $44,705.33 | $48,781.89 | $56,141.59 |
Litecoin Price Prediction 2050
After the analysis of the prices of Litecoin in previous years, it is assumed that in 2050, the minimum price of Litecoin will be around $$60,163.42. The maximum expected LTC price may be around $$70,505.29. On average, the trading price might be $$64,239.98 in 2050.
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January 2050 | $45,993.50 | $50,070.06 | $57,338.57 |
| February 2050 | $47,281.68 | $51,358.24 | $58,535.54 |
| March 2050 | $48,569.85 | $52,646.41 | $59,732.52 |
| April 2050 | $49,858.03 | $53,934.59 | $60,929.49 |
| May 2050 | $51,146.20 | $55,222.76 | $62,126.47 |
| June 2050 | $52,434.38 | $56,510.94 | $63,323.44 |
| July 2050 | $53,722.55 | $57,799.11 | $64,520.42 |
| August 2050 | $55,010.72 | $59,087.28 | $65,717.39 |
| September 2050 | $56,298.90 | $60,375.46 | $66,914.37 |
| October 2050 | $57,587.07 | $61,663.63 | $68,111.34 |
| November 2050 | $58,875.25 | $62,951.81 | $69,308.32 |
| December 2050 | $60,163.42 | $64,239.98 | $70,505.29 |
What Is Litecoin?
Litecoin (LTC) is a decentralized peer-to-peer cryptocurrency created by Charlie Lee, a former Google employee, in 2011. The LTC network was designed to solve its elder brother’s network problems, such as transaction speed, scalability, and high commission fees for each financial transaction made on the blockchain.
Litecoin used to be one of the first cryptocurrencies people learned of when they entered the market. As a fork of Bitcoin, the LTC network is based on the BTC protocol. Some of the things they have in common are anonymity, decentralization, the ability to be mined, and the consensus mechanism (Proof-of-Work).
In 2016, Litecoin became the second-biggest cryptocurrency, overtaking all existing altcoins at that time. The project aimed not only to boost the rate of Litecoin’s price growth but also to promote LTC as a trustless peer-to-peer medium of exchange.
The Litecoin Foundation has never claimed to compete with Bitcoin directly. On the contrary, they believed that Bitcoin would serve as the fundamental digital coin. Meanwhile, Litecoin was supposed to modestly take the place of a useful alternative.
Litecoin has had a few price surges since 2016 but has started slowly falling down the market cap rankings. That happened in part due to the fact that the cryptocurrency market grew exponentially, and with it, the amount of competition Litecoin had.Â
Digital assets like Ethereum, which were more technologically advanced than the Litecoin cryptocurrency, attracted more crypto investors. Nowadays, LTC is still used for quick and cheap transactions, but a lot of Litecoin predictions state that the coin needs wider adoption and more partnerships to truly shine.
Now, let’s take a look at the result of the LTC technical analysis performed by Trading View. It is updated in real time.
A “buy” signal means that Litecoin’s price is expected to rise in the near future. A “sell” signal means that the coin is likely to decline in value soon. This type of analysis is best suited for short-term price predictions.
Litecoin Prediction by Experts
Despite not being among the top 10 cryptocurrencies by market capitalization, Litecoin is still an incredibly popular cryptocurrency. As a result, there are quite a lot of Litecoin price predictions out there made by top industry analysts. Here are some of them.
Price Prediction
The Price Prediction platform’s Litecoin forecast is unbelievably bullish. It is probably one of the most optimistic LTC price predictions you will find. They expect this coin to grow tenfold in just five years and can see Litecoin’s future price crossing over the $3K mark before this decade is over.
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Digital Coin Price
Like most other Litecoin price forecasts, the one from Digital Coin Price is also bullish on this digital asset. Their price prediction sees the coin’s price doubling in value over the next five years.
GOV Capital
GOV Capital also has a positive outlook on the future of Litecoin. Although they are bearish on it in the short term, they expect LTC to start rising again sometime next year.
Wallet Investor
Wallet Investor’s LTC price prediction is moderately bullish in the short run but expects this coin to go through a period of explosive growth in five years. They think that Litecoin may double its price by 2027.
TradingBeasts
Unlike most other platforms, TradingBeasts is bearish on LTC. They think that Litecoin’s price and market cap are going to decline in both the short- and the long run.Â
Their Litecoin forecast has the coin declining until the end of 2023. Then, TradingBeasts predicts that Litecoin’s price will start rising again. However, they do not see LTC hitting a new ATH in the next few years.
You can buy LTC or exchange Litecoin at great rates and with low fees on Changelly.
In order to get any cryptocurrency, you will need a crypto wallet that supports it.
FAQ
How high can Litecoin’s price realistically go?
Litecoin’s all-time high is a little over $400. At the moment, we think that, realistically, the LTC price can go up to about $1,000 — at least in the near future.
Should I buy Litecoin or Ethereum?
Both ETH and LTC are high-risk, high-reward assets. Although Ethereum would usually be a better fit for most portfolios, you should research both of these crypto assets before you make up your mind.
Is Bitcoin better than Litecoin?
Litecoin and Bitcoin have many similarities — after all, LTC is a fork of BTC. Nonetheless, they have different hash functions, and Litecoin was specifically designed to process transactions four times faster than Bitcoin. However, Bitcoin has a much higher market cap and price.
What is better than Litecoin?
There are many cryptocurrencies that can be considered “better” than Litecoin on a technical level — for example, Ethereum. However, that does not mean LTC is bad or useless — it simply offers something different.
Is Litecoin truly decentralized?
Although Litecoin is technically decentralized by design, it has a single, well-known creator — Charlie Lee. This means that there is a person out there who has at least some additional influence over the project. However, it is still considered fully decentralized by the community.
Does Litecoin use Proof-of-Work?
Just like Bitcoin, Litecoin uses the Proof-of-Work consensus mechanism.
Will Litecoin survive?
Only time will tell. Litecoin has the support and the technical foundation to survive in the long term, but it does not really offer anything other cryptocurrencies don’t have. Its survival will depend on how many businesses will adopt it, government regulation, and the competition within the crypto market.
Most Litecoin forecasts are bullish on this coin, and those that are not still don’t see it crashing. As long as the crypto market continues to exist, so does Litecoin — at least in the next decade. However, it remains to be seen whether LTC will be a profitable long-term investment.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
