That said, like its peers, investing in Litecoin carries risks . This cryptocurrency remains a competitor with a range of rival blockchains that are innovating and improving rapidly. The extent to which Litecoin can go beyond keeping up with the trendsetters and actually set the pace in this regard remains to be seen.18 Kas 2021
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Another pullback caused Litecoin to reach $35 in late 2019, but after a higher low, Litecoin future price is only expected to increase from here . In 2020, Litecoin has rallied and into 2021 the cryptocurrency made an attempt to set a new high. The results are mixed.
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The group believes Litecoin will drop to $69 before the year’s end, averaging around there for most of 2021 before hitting a potential $80 in December . 2022 should see a slight but consistent increase, peaking at around $108 at the end of the year.2 Oca 2022
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Transaction speed – Because Ethereum is faster to mine, transaction speed is much faster than Litecoin. Because Litecoin transactions get put into newly mined blocks, its transaction speed is slower. This means Ethereum is better for small transactions .
Read moreIs Litecoin a good investment for 2022?
Is Litecoin a good investment in 2022? Yes, according to future price forecasts, the Litecoin price is going to increase . As per the current surge in the Litecoin price, by the end of 2022, the average Litecoin price is expected to be $260.
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Litecoin Price Predictions for 2021 by Crypto Experts By December of 2021, it will have a possible maximum value of around $160 with an average of $128 . Overall, the platform forecasts Litecoin’s projection growth.
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Should I Invest In Litecoin Now? There is no better time than the present to invest in Litecoin and other cryptocurrencies while prices are still low, and the uptrend hasn’t fully taken hold . Buying along the way up may be a safer strategy, however.
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