Litecoin (LTC) in the crypto market
In 2011, Charlie Lee (a former Google employee) founded Litecoin (LTC), a peer-to-peer cryptocurrency. It is based on bitcoin’s original source code and has several similarities with bitcoin.
Litecoin was created with the intention of being used for less expensive purchases and to be more effective in daily life. Bitcoin, on the other hand, was mainly used as a long-term store of cash. The coin limit market cap of litecoin is much higher than that of bitcoin, and the mining operation is much faster.
According to financial analysts, Litecoin could reach a price of $500 in 2021, $1,000 in 2022, and a bullish condition in 2023, when it will sell at $3,000, before reaching $10,000 in 2025.