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Litecoin price: what will it do in the future?

The Litecoin price is often compared to the Bitcoin price. That’s not surprising, because this blockchain is made with the Bitcoin blockchain as a basis. However, Litecoin has made several improvements to speed up transactions and lower costs. That makes this ideal for sending smaller amounts. That’s what we need more and more. What is the basis for the Litecoin price and what can we say about the future of this cryptocurrency?

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What is the Litecoin price based on?

Bitcoin has managed to become the largest currency in no time at all. Litecoin has never seen such an increase, but a gradual one. That has been good for the currency. The community is growing slowly but steadily, the applications are growing constantly and at a reasonable pace. You can pay in more and more places with Litecoin, which is good for the demand for Litecoin.

We cannot ignore the fact that this is a 1.0 cryptocurrency. It is only a means of payment. Smart contracts and applications are not possible on this blockchain. This makes the Litecoin value completely dependent on the law of supply and demand. As the supply is fixed, scarcity will become an issue, and this can be interesting. If demand continues to rise, the future looks very bright for the value of the Litecoin.

What will the Litecoin price do in the future?

We don’t just need 2.0 and 3.0 blockchains. More and more people want to use it as an investment or as a means of payment. Because Litecoin is cheaper than Bitcoin, it is much easier to calculate the prices of goods in Litecoin. The Bitcoin volatility also affects the Litecoin price, because they are usually highly correlated.

Although there is never certainty when it comes to prices and values of cryptocurrencies, Litecoin remains a strong player in the cryptocurrency market and should normally be included in every cryptocurrency portfolio.

LTC price after the halving

After the halving of the block reward in September 2019 the Litecoin (LTC) price has also halved. The Litecoin price is at time of writing still more than double the value of the beginning of 2019. Current levels look ideal to accumulate more Litecoin for the future.

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