How to Buy Litecoin, Invest & Make Money with LTC in 2024

Litecoin Review and Analysis

Litecoin (LTC) statistics & facts

Overview

Litecoin is one of the oldest cryptocurrencies around, since it was created back in 2011 by a former Google employee, namely Charlie Lee. Litecoin was actually built on the Bitcoin blockchain, aiming towards the emergence of a digital currency that was better than Bitcoin.

Thus, Litecoin is a digital currency similar to Bitcoin and not a platform for smart contracts like most of the newly launched top 10 cryptocurrencies. Litecoin is rightly featured in the top 10 cryptos list and in the several years since its launch it has gained much popularity, while proving it can also stand the test of time and it is a viable and reliable investment vehicle.

By the end of the guide, you should know the following:

• A brief history of Litecoin.
• What Litecoin can be used for.
• If Litecoin is a good or a bad investment.
• How to buy Litecoin.
• Where to buy Litecoin.

Usability

In essence, Stellar is a cross-border, payment and transfer system aiming to enable the connection between financial institutions, in a manner that reduces both transaction costs and time delays. Aiming exactly to improve the overall state of the global financial system through the drastic reduction of transaction time and cost, Stellar offers the use of its network for free to both individuals and institutions, and ensures its operational costs are covered internally or through donations, primary from institutions, such as Google.org. Stellar’s primary focus are the economies of developing countries and providing access to individuals who are left outside the scope of traditional banking services or have no access to such.

Pros and Cons of Buying Litecoin

The Benefits of Litecoin

Partly explaining its name as the “Lite” coin, LTC offers a transaction execution and completion time of around 2.5 minutes, which is considerably faster than the 10 minutes required for a Bitcoin transaction.

Another advantage of Litecoin over Bitcoin is that the LTC average transaction fees are around $0.179, which is considerably lower than the $1.8 average fee of Bitcoin.

Things we didn't like in Litecoin

Besides its faster transaction speed Litecoin has no other strongpoint to help it stand out from the competition. In fact, newer generation and technology cryptos which offer international payments, or smart contracts put Litecoin under extreme pressure, as it cannot effectively compete.

The mining of Litecoin, similarly to the mining of Bitcoin, is an expensive process, reserved only for those who can afford the specialized powerful hardware it requires and the high electricity cost needed.

Historical performance

With a market capitalization of $9.64 billion Litecoin comfortably boasts as one of the top 10 cryptocurrencies, with a consolidated presence which spans for more than a decade.

As with most cryptos, Litecoin had a great year in 2017, seeing its price grew from $4 in January 2017 to $350 in December 2017, yielding an impressive return of over 8000%. This high was followed by a dipped in early 2018, though since its price has taken an upward turn, currently hovering around the $340 mark.

Litecoin price charts

Litecoin (LTC) Future Price Forecast Predictions

* The prediction figures outline some of the Potential high and low of Litecoin (LTC) price prediction forecasts for the years 2021, 2022, and 2025 based on the data collected from various sources meant strictly for educational purposes only and not taken as investment advice.

Litecoin (LTC) Price Prediction for the year 2021

By the end of the year 2021, using forecast and algorithmic analysis, our price prediction forecasts suggest that one Litecoin will reach an average price of $390, which will be an impressive 299% growth from it's current market price.

Litecoin (LTC) Price Prediction for the year 2022

By the end of the year 2022, our price prediction forecasts suggest that one Litecoin will reach an average price of $725, which will be an impressive 557% growth from it's current market price.

Litecoin (LTC) Price Prediction for the year 2025

By the end of the year 2025, our price prediction forecast suggests that one Litecoin will reach an average price of $6070, which will be an impressive 4666% growth from it's current market price.

Where Can You Buy Litecoin

There are several online sites and platforms where people from across the globe can buy Litecoin at good exchange rates and with low or no transaction fees. To aid your quest we have comprised a list of some of the most popular methods and platforms to buy Litecoin from and your strongly advised to consult this list before making your first purchase of or investment in Litecoin.

How Can You Buy Litecoin

It only takes a few easy steps to buy Litecoin with credit card instantly. Speed matters - get instant confirmation, minimal registration & KYC verification!

By the end of the guide, you should know the following:

• Click the Buy Now button.
  Buying Litecoin with debit card is easy, fast and risk-free. All you need to do is click the “Buy Now” button and then be safely directed to the check-out page.
• Fill in the fields.
• Proceed to checkout.
• Receive your Litecoin.

To help you pick the right choice, we combed through the leading exchange offerings, and reams of data, to determine the best crypto exchanges as well as the top cryptocurrency brokers when it comes to trading and investing in Litecoin and other cryptocurrencies.

Risks of Investing in Litecoin

Due to its similarity and close ties with Bitcoin, Litecoin’s price tends to fluctuate along the same lines as that of Bitcoin, though often to lesser extends. This high degree of volatility may be viewed as a negative by some who might wish to avoid Litecoin, though its prospects appear healthy and its presence on almost all exchanges means that its purchase and trading is easily attained and accessible.

Tips on How to Invest in Litecoin and Make a Profit

There is no guarantee that you will make a profit when you invest in Litecoin. However, to give yourself the best chance possible we have hand-picked the three most valuable such strategies, which you can find below:

• Tip 1: Set your own specific Financial Goals
• Tip 2: Dollar-Cost Average Your Litecoin Investments
• Tip 3: Diversify Your Litecoin Investment

Overall Conclusion – Final Thoughts

In this guide, the aim wasn’t only to answer simple questions like “how to buy Litecoin?” or “where to buy Litecoin?”. Instead, the goal was to equip you with the relevant knowledge and insight to be able to see and understand the bigger picture as well as make your Litecoin investment journey as successful and as profitable as possible!