Litecoin: what's next in 2021?
- Litecoin is still around 60 percent away from its all-time high
- Within a year, the Litecoin price rose by over 250 percent
- The alternative to Bitcoin and Co.?
While Bitcoin is over 30.000 US dollars and Ether has already cracked the 1.000 US dollar hurdle, the price of the cryptocurrency Litecoin is 150 US dollars. This means that you are around 60 percent away from the all-time high that was set at the end of 2017 and was $ 360.
So is the ideal time to invest now? Anyone who uses the services of eToro knows that it is quite risky to pump your money into crypto currencies. Setbacks and strong corrections are always possible. But of course also profits. Especially when the entire crypto market is in a bull run - and this has been observed since mid-December last year.
What speaks for the Litecoin
Litecoin is an interesting alternative to Bitcoin and Co., especially because there is still enough room for improvement. While Bitcoin is already setting a new all-time high almost every day and Ether is about to hit a new record, many private investors and savers are looking for promising alternatives.
The crypto currency Litecoin will probably let itself be carried away by the highs of the other crypto currencies, so that it will only be a matter of time before the digital currency will reach the price level of the end of 2017.
2021 can be the year of the altcoins. The chances are good that the Litecoin price will continue to rise. And since the current price is still around 60 percent away from its all-time high, there is definitely still enough room.