Litecoin price predictions 2021
Litecoin is often referred to as Bitcoin’s little sibling. This is because Litecoin has been around for quite some time, and bears a lot of similarities to Bitcoin. Just like its big brother, there are some exciting plans in store for Litecoin! Read about our expectations for Litecoin in 2021.
Litecoin in a nutshell
Litecoin has been around since 2011. So with Bitcoin (which originated in 2009), Litecoin is one of the oldies! The coin is steadily positioned in the top ten biggest cryptocurrencies, together with Ethereum (ETH) and Ripple (XRP).
Some may say Litecoin lives in Bitcoin’s shadow, but that doesn’t withhold Litecoin from having its own ambitious plans.
What can we expect from Litecoin’s price in 2021?
This is why you’re reading this article of course, so we hope you’re not disappointed when we tell you we don’t have the answer. In fact, no one has.
But still, we can look at price developments from the past, and speculate about what this may mean for the future price. And wow, Litecoin’s past sure is exciting!
Check out the litecoin price on May 5 of the previous 5 years:
- 2015: 1.28 euros
- 2016: 3.25 euros
- 2017: 23.21 euros
- 2018: 148.99 euros
- 2019: 67 euros
As you can see, the price goes up and down, but generally seems to find its way up every time. The movements in between are very volatile, so do not forget that investing in litecoin is still risky.
We can’t take the risk away, but we can make investing as easy as possible for you, with BLOX. BLOX is the all-in-one crypto app. Trade in the most popular crypto coins, whenever you want. You don’t need to be tech savvy, you just need your smartphone. It’s easy as can be!
Curious? Download the app and join the BLOX community, together with more than thousand others.
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What can we expect from the use of litecoin?
Don’t forget that litecoin is more than just a price that can either increase or decrease. Litecoin’s team is working hard to make it a widely accepted payment method. They created the campagne ‘Pay with litecoin’. What’s in a name!
Still, there are very few places where you can pay with litecoin, you’d have to do some thorough research. There are some (crypto) travel organisations that offer litecoin as payment method. For example Travelbybit and Travala.
Will litecoin remain at the top? Then 2021 might just be the year in which you make some purchases with litecoin.
What can we expect from investments in litecoin?
Institutional money is just a fancy word for people and organisations that have a lot of money. As of 2017, a lot of developments are made to offer different types of investments for bitcoin. Think for example of futures, ETFs, and options.
For Ethereum, too, these types of products are slowly but surely starting to gain a foothold for large investors. Litecoin still lags a little behind in this respect. On some smaller platforms you can already trade in litecoin futures, but you’re really only playing with the big boys when your investment product is added by CME Group.
CME Group is the American company that operates the largest derivatives exchange in the world. When you are added there, you are immediately visible to millions of American investors. That can give a big boost to the reputation of litecoin.
What can we expect from Litecoin’s technology?
There are a lot of exciting things planned on the technical side. We expect litecoin to be a lot more advanced in 2021.
Since 2019, Litecoin wants to focus more on privacy. Charlie Lee, the inventor of litecoin, started a project with which he wants to make certain transaction information confidential. For example, on the litecoin blockchain it is virtually impossible to see how much litecoin you send to someone else. This improves your privacy on the litecoin network.
Litecoin also works on the lightning network, just like bitcoin. The lightning network is a way to send transactions on a layer outside the blockchain. The lightning network can make litecoin even faster. At the moment, the network can handle about 56 transactions per second. That may sound like a lot, but worldwide it's not that much. With the lightning network it’s possible to send thousands of litecoin transactions per second. Sounds a lot better!
Buying litecoin in four steps
BLOX is free to download for your iPhone and Android smartphone. Use the App Store or Google Play and look for ‘BLOX crypto trading’. Or simply click one of the buttons below. Once you’ve downloaded the app, you’re already one step closer to buying litecoin.
Creating an account is really easy; within a minute you’re registered. You can use your personal email address, but it’s also possible to log in with one of your social media accounts.
Fill out your name and email address, and don’t forget to set up a strong password. Read the terms and conditions , and click ‘Accept’. We’ll send you an email as verification, with a link that’s valid for 30 minutes.
Clicked all the clicks? Then you’re ready for the next step!
BLOX is super easy: you top up your credit in your account and pay for it with a bank transfer or your credit card, just like you’re used to. You can buy litecoin directly, using your freshly added credit.
So open BLOX, select the Euro icon, and let the games begin. May the odds be ever in your favor...
BLOX is installed, your account is created, and your credit is charged. Now it’s all up to you: are you going to buy a nice mix of different cryptos, or are you going all-in on litecoin? Whatever you choose, you can do it for as little as 1 EUR.
Select ‘Litecoin (LTC)’ in the Markets section on the bottom left, and check out the price developments from the past day, week, or month. Chosen the right moment for your trade? Click ‘Buy’ and enter your preferred amount.
Scan the right QR-code and download BLOX!
The information in this article isn't meant to be used as investment advise. Always do your own research before investing in a cryptocurrency. Last but not least: only invest money that you can miss.