What Might Happen If You Invest $100 In Litecoin (LTC) Today?

Should You Invest $100 in Litecoin (LTC)?

Last Updated January 6th 2022

14 Min Read

Litecoin (LTC) is a top 20 digital asset that has returned mild gains in comparison to other cryptocurrencies.

With that said, Litecoin is still one of the most demanded altcoins. With 141,000,000 (141 million) results in 0.52 seconds in Google for the keyword “Litecoin”, millions of people like you have started considering investing in Litecoin.

The cryptocurrency market is experiencing its best run in 2021 since 2017 and the fall of 2020 when it reached new high highs. This is the primary reason why thousands if not millions of novice traders and investors continue to pour billions of dollars into LTC and other tokens.

This has resulted in one of the most trending questions online which go, what might happen if you invest $100 in Litecoin today?

If you invest $100 in Litecoin today and the value of the token increases due to increased demand by investors, which in turn increases your investment to say $600, you stand a chance of making a $500 profit.

This profit is called capital gains since Litecoin is categorized under cryptocurrencies which are part of the broader financial assets group (crypto, stocks, bonds, metals, indices, and commodities).

Since there are two sides to investments, in the event the value of Litecoin drops to new high lows due to unfavourable crypto market sentiment to let’s say $10, you stand a chance of making a huge loss of $90.

However, in the world of investing and crypto investing for that matter, you will only see a profit or loss on your investment at the point of selling. You may be tempted to think you are at a break-even point until transaction fees take you above (profit) or below (loss) your investment.

To learn more about the Litecoin crypto project, Trading Education has more than 100 articles written by experts on the silver coin. This will help you learn how you can invest in Litecoin.

Content:

If You Invest $100 In Litecoin (LTC) Today, What Happens?

Can I Invest $100 In Litecoin?

What Is Litecoin?

What Makes Litecoin (LTC) So Valuable?

How To Invest $100 In Litecoin (LTC)

Will Investing $100 In Litecoin Make You A Millionaire?

What To Consider When Investing $100 In Litecoin?

Should You Invest in Litecoin?

If You Invest $100 In Litecoin (LTC) Today, What Happens?

The price of Litecoin soared in price in 2021. If the bullish nature of cryptocurrencies continues through the short and medium-term, there is a huge chance that you could double, triple, or quintuple your investments.

Statistically, LTC has returned 3,005.05% for investors who threw huge sums of money into the silver coin based on the potential of its blockchain which found a relatively better answer to the scalability issues that mired parent crypto Bitcoin.

This has taken the market capitalization of Litecoin to more than $9 billion.

As a large-cap asset, the value of Litecoin is going to soar even higher due to the huge liquidity being poured into the coin.

LTC has recorded at least $1.5 billion in daily volume, at the time of writing.

In addition to this, Litecoin continues to enjoy the support of major cryptocurrency exchanges such as eToro, Changelly PRO, BitFinex, BitMark, OKCoin, Coinbase, Binance, Gemini, KuCoin, OKCoin, Huobi Global, Coinone, and Crypto.com.

Aside from this, the valuation of Litecoin is highly dependent on the utility of the token which quantifies and qualifies the cryptocurrency as a medium of exchange (successful currency).

Listed on millions of merchants, LTC is involved in thousands of transactions worth millions of dollars daily.

This is one of the primary reasons why analysts at Wallet Investor, Coin Price Forecast, and PrimeXBT believe LTC is one of the best cryptocurrencies to have on your portfolio of investments.

According to the analysts, price drivers such as positive crypto market sentiment, positive risk sentiment, economic recovery, mass crypto adoption, and favorable technical indicators coin could see Litecoin trade for average prices of $282.931 by the end of 2022, $463.837 by the year’s end of 2024, and $570.224 by the close of 2025.

This means that investing $100 in Litecoin today could see you with more than 110.11% returns in the short term, 244.45% returns in the medium term, and 323.45% returns in the long term.

Despite news of crypto millionaires and crypto whales buying large sums of Litecoin, you may have pondered the question, can you really invest $100 in Litecoin?

Let us take a look at the worth of LTCs you can buy with a $100 investment.

Check Out: How To Make (Or Lose) Money With Litecoin

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Can I Invest $100 In Litecoin?

You can invest as little as $100 in Litecoin.

If you are a trader or investor with less money to spare, you don’t have to buy a full Litecoin (LTC).

All cryptocurrencies have the essential feature of divisibility. Therefore, LTC and other coins can be divided into eight (8) decimal points.

You can buy 0.49251400 LTCs worth a $100 investment.

If you are disciplined enough to hold onto your LTC holdings for the long term and new price milestones are tested in the years ahead, you could see a substantial improvement in the value of your holdings.

But before you make a bold step towards investing in Litecoin (LTC) with $100 or any amount from your investment budget, it will be in your interest to get to know what Litecoin is.

What Is Litecoin?

Litecoin is one of the pioneer digital currencies in the crypto world. Its native asset, LTC, is one of the most popular and traded cryptocurrencies in the world.

In the new wave of several crypto projects that come with different aims and objectives, Litecoin (LTC) has still been able to retain a position as a top 20 digital asset when market capitalization is considered.

Launched on 13th October 2011, Litecoin was founded by former Google employee Charlie Lee. The crypto project comprises three (3) entities that ensure the continuous development and survival of the project.

They are the Litecoin Protocol, its cryptocurrency, LTC, and the Litecoin Foundation that maintains the intensity of the project to stay relevant in the space.

Litecoin appeared on exchanges on 29th September 2013 with a price of $2.55 and the day’s volume of trade was $143.62.

The crypto trading asset has impressed over its eight (8) year trading period, reaching a new all-time high price of $412.96 on Monday, 10th May 2021.

Litecoin is listed on cryptocurrency exchanges as well as on online financial services SKRILL and PayPal as part of their Crypto Package.

Once you register for an account with any of these platforms, digital wallets are automatically created for you. These wallets can be accessed through the use of private keys. These private keys can be set by you in the form of a combination of words, numbers, and symbols (an example is Ltc125!).

Despite the security standards provided by cryptocurrency exchanges such as Binance, eToro, Coinbase, and Mandala Exchange as well as PayPal and Skrill, there are millions of people that do not trust these platforms to give them full protection.

Fearing hacking incidents that have mired several cryptocurrency exchanges over the years, many people prefer storing their LTC holdings in wallets.

Popular wallets for storing Litecoin include but are not limited to LiteVault, Exodus, Guarda, Litecoin Core, Trezor Model T, and Loaf Wallet.

On these platforms, random sets of names or digits are generated for you. It is your primary responsibility to hold onto your passcodes.

In case you forget your password, something that happens to everyone, on exchanges and online financial services that offer crypto packages, you will be able to reset your account.

Normally, links and pin codes are sent to a phone number and email address associated with the account. After going through the restoring process, you regain access to your account.

Unfortunately, the same cannot be said for Atomic Wallet, Ledger Nano S, and Litecoin Core Wallet among others.

In the event you lose the random sets of words that you were ordered to write down safely, there is little chance of you regaining access to your account (no matter the significant amount you have in LTC holdings).

The creation, distribution, trading, and storage of virtual currencies including Litecoin employs a decentralized ledger system popularly called a blockchain. Peer-to-peer (P2P) technologies are the primary way payments are facilitated.

To maintain and update the protocol to meet the modern standards of crypto (scalability, interoperability, and security), Litecoin relies primarily on upgrades to its network.

The current upgrade came in March 2021 when Litecoin completed the MimbleWimble Code for LTC Scaling, Fungibility, and Privacy. Litecoin through its SCRYPT technology also processes more transactions. This is why it has been adopted by Miami Dolphins as their official digital currency for the purchasing of paraphernalia and other products.

To give you an understanding of how Litecoin works as an investment instrument, let us consider the following situations.

If you purchased Litecoin (LTC) on the earliest days of 2021 when it traded for relatively less than it currently trades for and sold the token at its all-time high price, you would have seen incredible returns today.

Depending on your total sum of investments made, your returns could be in the thousands or millions if you had an eye on the long term.

For instance, if you invested $100 when Litecoin traded for $124.67 on January 1, 2021, you purchased 0.80645161 LTCs.

If you held onto the coins when it reached an all-time high price of $412.96 in May, the value of your $100 LTC holdings would have been worth $331 (231% increase in your $100 investment capital).

Don't Miss: Is Litecoin a Good Investment and Should I Invest in LTC?

What Makes Litecoin (LTC) So Valuable?

Litecoin, like all cryptocurrencies, holds no intrinsic value.

What this means is, its real value is solely centred on what buyers are willing to pay per token.

Like modern fiat currencies, Litecoin is not backed by any physical assets such as silver, gold, or diamond.

To put it simply, the worth of Litecoin is determined by the demand of the coins by investors.

As a result, when more investors pour liquidity into the token (as reflected in the trading volume of LTC in May last year), the market value of the silver coin increases.

Since bears normally follow bulls, if investors feel they have reached their investment goals and lock in gains by selling their holdings, the market value of Litecoin decreases.

Due to its status as a digital currency that has no physical representations like fiat currencies, no central bank of any government worldwide supports LTCs usage as a transactional currency.

Yet still, Litecoin is among the highly ranked cryptocurrencies on the market.

Ranked as a top 25 digital asset, LTC is more valuable than some mainstream companies such as BioMarin Pharmaceutical, Crown Holdings, BT Group, Ares Management, Japan Exchange, American Airlines, InterContinental Hotels Group, Formula One Group, and Annaly Capital Management whose market value falls below $14 billion.

Many proponents of cryptocurrencies and the entire decentralized finance world believe upgrades to Litecoin could see the protocol become one of the most sought after in the space. Others think that Litecoin provides a quicker, cost-effective payment system than Bitcoin and Ethereum because of its SCRYPT technology.

Although several cryptocurrencies such as Dogecoin (DOGE) and others have been involved in numerous shady schemes, Litecoin’s network makes it difficult for hackers to cause cybersecurity problems.

LTC's less susceptibility to fraud will continue to bolster its adoption and usage which will positively reflect in its market valuation. Having LTC on your portfolio could bring consistent gains over a long period.

How To Invest $100 In Litecoin (LTC)

There are more than 20 ways to invest $100 in Litecoin (LTC).

Based on the experience of our expert contributors who have been in the space for years, we recommend buying LTC from cryptocurrency exchanges with these attributes. Great customer service, low fees, ease of use, compliance to regulations, have the necessary security encryptions and processes transactions without slippages.

eToro has all these attributes and it’s also one of the largest exchanges by trading volume.

It has operated for more than 14 years, serving millions of customers without incident.

Although the main thesis of this article is centered on what might happen if you invest $100 in Litecoin, there are no limitations when it comes to trading in cryptocurrencies.

The only thing you should take into account is the minimum amount for trading.

We normally advise our clients to risk 5 to 10% of their capital and increase their level of risk as they gain experience.

Since eToro has low fees and a secure platform for trading and investing in Litecoin, it is possible to start investing with $100.

Kindly follow the steps and you’d be on your way towards putting your $100 to good use.

Step one: Sign up for an eToro account (Input details of your full legal name, email, and residential address, as well as your phone number).

Step two: Verify your account (you will be required to upload documents in the form of government-issued ID cards to prove your identity. What’s more, eToro normally verifies proof of residence. In this case, you will be asked to upload copies of bank statements, credit card statements, or utility bills that confirm your residential address).

Step three: Deposit Funds (using bank transfer, online wallet from financial services companies such as PayPal, Rapid Transfer, Skrill, and Neteller, as well as bank cards such as Maestro, Visa, Visa Electron, and MasterCard, you can deposit fiat currency of $100).

Step four: Navigate to Litecoin Page and buy LTC (on this page, you can order $100 worth of LTCs. It will be calculated, processed, and completed).

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Will Investing $100 In Litecoin Make You A Millionaire?

Investing $100 in Litecoin could make you a millionaire if you decide to buy and hold the tokens for a long time.

Once LTC reaches new milestones, you’d be good to go.

Because of the new price milestones attained by more than 90% of all cryptocurrencies, it is not impossible for LTC to trade for 2X, 3X, 5X, or even 10X its current market price.

For understanding, let us employ simple mathematics in our analysis of a $100 Litecoin (LTC) investment turning into a millionaire maker.

At $100, you can purchase 0.49251400 LTC tokens.

You can become a millionaire if LTC trades for $2,050,000 (excess of $2 million) in the future.

At the time of writing, there aren’t any analysts or experts who have made such forecasts.

With that said, no one knew Bitcoin could be headed for $100,000 someday.

Due to the volatility and unpredictable nature of cryptocurrencies, such a valuation could be possible someday.

At $2,050,000 and 0.49251400 in holdings, simple mathematics in the form of multiplication will provide the millionaire maker statistic.

$2,050,000 multiplied (×) 0.49251400 totals $1,009,653.70 (millionaire maker).

Despite the potential of the coin, many people still see LTC as a high-risk investment due to the newness of cryptocurrencies in a market largely dominated by centralized finance structures.

With that said, the popularity of LTC, the influence of its founder, the more than $2 billion daily volume it continues to record, and the ease of accessing the digital currency makes it an attractive investment you should consider for the long term.

What To Consider When Investing $100 In Litecoin?

When investing $100 in Litecoin, it would be wise to consider the following.

Virtual Currencies and Blockchain Technology Is a New Concept

Cryptocurrencies are still gaining ground in the world. This is why there are trending questions such as, is it good to invest in crypto, is cryptocurrency safe to invest, is cryptocurrency safe, should I invest in cryptocurrencies, and is it worth investing in cryptocurrency?

Do not use all the resources you have gathered over years in investing in Litecoin and other coins. Trade and invest in Litecoin cautiously, no single analyst or expert knows the future of digital currencies.

Know the Actual Costs Involved

One of the areas new traders and investors ignore when they step into crypto investing is fees. Whatever happens, you are going to pay more for your purchase depending on your preferred exchange. Take into accounts depositing, trading, and withdrawal fees.

Once you factor these into account, you will get to know if you need $106, $110, or more to be able to buy $100 worth of LTC if all fees are taken from your capital.

Know the actual costs involved and enjoy your trading journey.

Know Your Risk Tolerance

Can you afford to lose $100? Suppose Litecoin (LTC) should crumble under selling pressure, will you be able to survive the feeling of losing your capital? Due to the huge liquidity being poured into the silver coin, it continues to see spikes today and recessions tomorrow, making it very unpredictable. If you analyze the level of risk that suits your investing style, you can carry on and invest $100 in Litecoin.

Just remember that you are not going to become an overnight millionaire, it takes time in the market to make gains in the crypto world.

Should You Invest In Litecoin?

Litecoin is one of the best performing coins you should consider throwing your money into.

Although it might have suited you better if you invested in Litecoin earlier so that you could have taken advantage of the bulls, the price of LTC is still miles away from Bitcoin and Ethereum.

Always ask the question, do the potential rewards of investing $100 in Litecoin outweigh the possible consequences of the risks?. LTC has brought awesome returns to millions and may be the asset to brighten up your portfolio.