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Litecoin Price Prediction for 2020 and 2021

Litecoin Price Prediction for 2020 and 2021

23 Nov 2020

Reading Time: 3 minutes

Whenever we invest in something, we aren't looking at what it is now. We're looking at what it could become in the future. 

Cryptocurrency has become an investment favorite due to its ease of buying and storing. This is along with incredible stories of people who invested in Bitcoin when it was worth 8c and sold at its peak in 2017.

Everyone is looking for that next big spike which will net them a fantastic profit, but which cryptocurrency is set to become the next Bitcoin success story?

While it may not reach $20,000 USD like Bitcoin did, Litecoin is set for an incredible year in 2021 according to industry professionals. Litecoin is currently worth $66 AUD, which is a very reasonable entry price, and it is predicted to reach $600 by the end of 2021, so it will be an excellent long-term investment.

Why is Litecoin expected to reach such a high amount in just one year?

This is because of several factors including: 

  • Interest - Litecoin has generated a lot of interest recently from the crypto community since these predictions came out. People are looking at this as a long-term investment that will pay off within a year.
  • Buying potential - Because of its current price, it is perfect for buying products online. Some online retailers and online casinos include Litecoin as a payment option. It's a list of real-world use that just keeps growing.
  • Reliability - Since its inception in 2011, it has been a constant in the crypto market. While it has not always been worth a lot of money, it has stayed consistent with its blockchain mining and commitment to be a lite version of Bitcoin.

This recent prediction has prompted many people to invest in Litecoin, which only furthers the interest of others have in it. This is incredibly exciting because if the current wave of interest continues to grow than the current price predictions could become a reality. 

Charlie Lee, the creator of Litecoin, is highly active in the community. He gives regular updates about how his coin is doing. 

This wave of momentum that Litecoin currently has, could very well push it to the forefront of the cryptocurrency market. This could give some of the heavy hitters like Ethereum and Bitcoin a run for their money. 

Bitcoins Price is $16,145, and Ethereum price is $528 at the time of writing. 

Ethereum's price is much less than Bitcoin and appears to be an achievable entry point. Still, the Litecoin price accompanied by its prediction is very attractive to potential investors. It may never be on the same level as Bitcoin, but it is set to become a favorite among crypto investors.

To keep up with Litecoin's price growth, use our crypto tracker to watch it grow.

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