What is Litecoin?
Litecoin is a peer-to-peer cryptocurrency that allows transactions for anyone without permissions.
The History of Litecoin (LTC)
Litecoin has been on the cryptocurrency market for just over twelve years now by Charlie Lee, who went on to become engineering director at Coinbase in the years after.
Lee had an ethical premise behind inventing the coin because Bitcoin’s use of Tenebrix (TBX) was criticized in many corners of the industry for its incestuous kickbacks to the original developers.
Lee addressed this issue by creating an alternative to Tenebix, called Fairbrix (FBX). This effectively means the scrypt mining algorithm inherited from Fairbrix returns to the limited money supply from Bitcoin.
Nowadays, Litecoin is often referred to as “the silver to Bitcoin’s gold”.
What Does 2024 Hold for Litecoin?
Litecoin has always led the way through innovation within the crypto industry. With its increased activity, the coin has maintained an excellent reputation for reliability and resilience throughout its digital life giving 100% uptime, which is no mean feat.
That naturally gives users, developers, and even crypto betting sites total confidence in the product allowing a constant solid base for growth.
The major crypto payment processor, BitPay, has a very enviable relationship with Litecoin, making its utility stress-free for users.
Litecoin Rides the Waves Well
If there was ever a cryptocurrency that rode the waves of what can be a wild sea at times, it is Litecoin.
Whenever it has suffered a slump that has seen the price plummet, Litecoin has always been one of the quickest to recover, which is likely due to the reliability and consistency of the coin that gives interested parties confidence.
Litecoin (LTC) – Current value – $69.80
Litecoin – End of Year Price:
- Under $80.50 (-150)
- Over $80.50 (+110)
*All odds from BetOnline (visit our BetOnline Review)
Will Litecoin Finish Above $80 In 2024?
Having looked at the complete portfolio of Litecoin, we think that Litecoin is a super solid investment of cryptocurrency, with a reputation bettered by few, if any, in the industry.
That reputation is not an overnight assessment but comes from twelve years of solid trading, in which time users have had a stress-free relationship with the coin.
With the current value of $69.80, we are looking for an $11 rise in eleven months which in turn would be a 13%+ yield.
We endorse Litecoin as one of the strongest peer-to-peer cryptocurrencies on the market that has seen steady growth over twelve years with a strong ability to fight back from slumps quickly.
The problem is that, as of the 31st of December 2023, the numbers set by BetOnline in their betting market on the price are too high.
They are aware of that and rightly offer the plus money option of (+110) of Litecoin going above $80.50, with the favorite being the under at (-150). Therefore, betting on Litecoin going over $80.50 in eleven months is something we would not advise.
We like Litecoin an awful lot, and feel like it would be a great investment long term for readers and followers so there is no need to bet on a price of (+110). Instead, it makes a ton of sense to consider buying Litecoin long-term rather than betting on that price going over.
Alternatively, the price of (-150) is a small value and should be considered for a modest investment. There should be plenty of margin, and we anticipate a price of around $73, $74, or $75 as of December 31st, 2024.
When you consider betting on a price prediction eleven months away, ideally you want one of the industry’s most predictable commodities and to be honest that is exactly what Litecoin is.
Cryptocurrency Prediction: Litecoin (LTC) price on 31st December 2024 – Under $80.5 (-150) BetOnline
