The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Nowadays, the digital currency market is one of the most popular investment projects. In the digital currency market, Bitcoin, Ethereum and Litecoin can be said to be old rivals that have bowed their heads but never looked up. Digital currencies have not yet caught up. When the storm hit, their founders invariably smelled the smell of wealth, seized the opportunities of the times, and quickly occupied their own place. For newcomers to the currency circle, they still have a certain understanding of Bitcoin and Ethereum. It can be said that I know nothing about Litecoin, so what is Litecoin? How much can Litecoin rise to in 2021? In response to these two questions, the editor of the currency circle will tell you about Litecoin.

## What is Litecoin?

Litecoin, the foreign name is Litecoin, or LTC for short. In fact, this is another type of virtual digital currency after the emergence of Bitcoin. Litecoin is an online currency that uses "peer-to-peer" technology, through which it can help users pay anyone in the world.

Litecoin technically has almost the same implementation principle as Bitcoin. Its creation and transfer process is based on an open source encryption protocol. Like Bitcoin, Litecoin is also not managed by a central agency.

We know that Bitcoin is mined through "mining machines". Litecoin is also produced through "mining". During the entire mining process of Litecoin, the computer's graphics card will perform relevant hash operations. When our "mining machine" calculates the "explosion value", you can obtain 50 Litecoins. However, as the computing power of Litecoin continues to grow, it is no longer possible to mine Litecoin with a few "mining machines." Therefore, you can only join the "mining pool", which can gather all the computing power of everyone and make it easier to calculate the "explosion value".

The expected total number of Litecoins on the network is 84 million, which is four times the amount of currency issued by the Bitcoin network. We can use Litecoin to exchange for fiat currencies and Bitcoin, usually through online trading platforms. Since Litecoin transactions are irreversible, reversible transactions cannot be performed because they would bring the risk of chargebacks.

## How much can Litecoin rise to in 2021?

Litecoin/LTC is currently one of the mainstream currencies and is also a good investment choice. The editor will take you to look at the Litecoin price predictions from several major forecasting agencies.

1\. WalletInvestor Bullish Price Prediction

According to WalletInvestor, the price of Litecoin may drop by 20% to $59.9. Litecoin will not surpass Bitcoin in the short term. In 2021, the Litecoin price can reach $169.8. In 2025, this price will increase 10x and the token will be worth $
1693.7 each.

2\. Longforecast’s price prediction for Litecoin in 2021

In 2021, the average price of Litecoin will be $81.1. Within two years, this price can increase by 25%.

3\. DigitalCoinPrice’s price prediction for Litecoin in 2021

According to DigitalCoinPrice’s prediction, the price of Litecoin will increase. In 2021, the price will see a negative change and drop to $103.444. In the long term, Litecoin is gaining momentum again but is unlikely to catch up with Bitcoin.

4\. TradingBeasts’ Litecoin Price Prediction for 2021 and 2022

In 2021, prices will increase and the average price will be $78.4. According to TradingBeasts, the coin will continue its success this year but will only break the $100 mark in 2022.

5\. CoinPrice’s price prediction for Litecoin in 2030

The price of Litecoin will increase by 60% from $374.59 to $617.41. The price of Litecoin will start at $385.39 in 2026 before surging to $410.17 in the first half of that year and ending at $434.78 in 2030.

Through the above introduction, I believe everyone has an understanding of what Litecoin is. When investors buy Litecoin, they must choose a regular Litecoin exchange for trading, and look for one with a good reputation among investors. Litecoin exchanges, investors can check blogs and forums to find out the best Litecoin exchanges and which Litecoin trades are highly recommended for you. If you want to know more relevant knowledge, you can follow the currency circle. The editor of the currency circle will continue to update relevant reports in the future!