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Why Buy Litecoin (Why Can’t Litecoin Rise in 2021)

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Why Buy Litecoin According to official news, Litecoin is one of the most anticip

Why Buy Litecoin (Why Cant Litecoin Rise in 2021)

Why Buy Litecoin According to official news, Litecoin is one of the most anticipated cryptocurrencies in the market. Why buy LTC? Because it is a decentralized technology that has great potential and influence in the traditional financial world. Many people choose to buy Bitcoin or Ethereum as a long-term investment portfolio. But for most ordinary people, they do not understand this market and do not have much relevant knowledge to understand the value of this currency. Therefore, many investors hope to combine these two assets to achieve greater investment returns. However, without sufficient familiarity with these basic concepts and a certain level of awareness and acceptance, they can easily be overlooked.

So, why should we layout in terms of prices? We can divide these reasons into four stages:

1. Early stage: Participants can earn interest by holding tokens.

2. Later development stage: The team will adjust strategies after the launch based on market conditions.

3. Mid-term growth stage: Mainly driven by the community, in the future, community members will actively support the development of the project, allowing more people to join and helping the development work of the project proceed more smoothly.

4. Mainstream cryptocurrencies: Bitcoin, Ripple, and others have become very mature.

Why Can’t Litecoin Rise in 2021

According to Bitcoinist news, shortly after Bitcoin halving, the price of Litecoin has already dropped to its historical low. It has fallen from the highest level at the end of last year to about 30,000 US dollars as of now. However, in January this year, it did not exceed this price, and its market value reached about 200 million US dollars, which made many investors feel regretful.

But the current situation is that Litecoin has not risen. The reason is simple: currently, Litecoin and Ethereum are both centralized, and they are not the only countries where the use of cryptocurrencies is banned by regulatory agencies. Therefore, when the market becomes unstable, the concept of “decentralization” becomes invalid; conversely, when the market becomes more “mainstream”, people will be more willing to buy and sell these tokens. So if the bear market in 2018 was a good sign for Litecoin, then the year 2021 is unlikely to see any significant improvement. (Note: In the last few months of 2020, the price of Litecoin has been low), and it has recently experienced a rebound trend (as shown in the figure below).

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