Buy Litecoin LTC

Purchasing Litecoin (LTC) and other cryptocurrencies is simple and straightforward online. You can buy and sell Litecoin (LTC) on various platforms, including crypto brokers and exchanges.

Investing in Litecoin (LTC) and other cryptocurrencies can be done in a few easy steps. Follow this guide to get started with crypto trading on platforms like Bitpanda and build your digital asset portfolio.

1. Choose the right platform to invest

• Start by selecting a suitable trading platform that supports Litecoin (LTC)

• Consider features such as security, data protection, and user-friendliness

• With the Bitpanda app from the Play Store or App Store, you can invest securely and conveniently on your mobile device

2. Create an account and get started

• Register with an email address and create a strong password

• Provide necessary personal details

• Accept the terms and conditions and privacy policy

• Begin the verification process

3. Confirm your identity

• Verify your identity to start trading Litecoin (LTC)

• Complete the online verification with a stable internet connection and a valid ID document

4. Deposit funds into your account

• Use the Bitpanda website or mobile app to deposit fiat money or other tradable assets into your account

• You can deposit via bank transfer, credit card, PayPal or Apple Pay

• There are also options to use EPS and SOFORT transfers, giropay, SEPA direct debits and other online payment services such as Skrill and NETELLER

5. Buy Litecoin and invest in cryptocurrencies

• Once the funds are in your account, you can buy Litecoin and other cryptocurrencies

• Simply select Litecoin for purchase, choose a payment method, and confirm the transaction

If you are interested in investing in cryptocurrencies like Litecoin (LTC), Bitpanda offers a user-friendly and secure platform to get started.

Intuitive platform

Our platform features a user-friendly interface that makes buying Litecoin (LTC) simple for both beginners and experienced traders. With the Bitpanda app, you can conveniently trade cryptocurrencies and other assets on your smartphone.

Install the Bitpanda app on your smartphone or tablet now.

Licenced and trustworthy

Bitpanda operates under strict regulatory guidelines and holds all necessary licenses for crypto brokers. Our business practices and holdings are regularly validated by external auditors. This ensures high security and transparency for every transaction.

Wide range of assets

At Bitpanda, you can invest in more than just cryptocurrencies. We offer over 3000 assets, including ETFs, CFDs, stocks, indices, and precious metals. Unlike other crypto exchanges, we guarantee stable prices based on the current market value.

Bitpanda wallet

Your Litecoin (LTC) and other cryptocurrencies are securely stored in the wallet of your Bitpanda account. You can transfer your digital assets to an external wallet at any time.

24/7 customer support

If you have any questions or encounter issues while trading Litecoin (LTC) or other assets, our customer support team is available 24/7 to assist.

Beginner-friendly products

Bitpanda offers products designed to help you start your crypto investment journey easily. With theBitpanda crypto indices, you can invest in a diversified portfolio of leading cryptocurrencies. TheBitpanda Savings plans allow for regular investments to build long-term wealth.

Forecasts predict a continuous increase in the Litecoin (LTC) price due to the growing acceptance and use of cryptocurrencies. Those who invest early could benefit from long-term price appreciation.

The value of Litecoin (LTC) can be affected by various factors, such as regulatory changes and global economic events. Therefore, it is essential to thoroughly research before investing. The following sections give an overview of the key events and factors impacting its price.

The past price trends of Litecoin (LTC) do not indicate future performance.

Key information about Litecoin:

• Litecoin (LTC) was developed by Charlie Lee in 2011 as a Bitcoin (BTC) fork, which is a modification of the Bitcoin blockchain

• Litecoin is one of the oldest cryptocurrencies on the market

• Litecoin transactions are processed about four times faster than Bitcoin transactions

• Litecoin is abbreviated as LTC and is limited to 84,000,000 coins

• In May 2021, the Litecoin price reached its all-time high with a price of 410 US dollars USD 

Former Google employee Charlie Lee developed Litecoin in 2011 and the network went online on 13th October 2011. The cryptocurrency is a modification of the Bitcoin blockchain, and why experts refer to it as a Bitcoin fork.

Like Bitcoin (BTC), the Litecoin blockchain is based on the Proof of Work validation method, where transactions are validated by high computational power. New Litecoin, or LTC coins, are generated through mining. The maximum amount of LTC coins is limited to 84 million units. Currently, around 19,300,000 coins are in circulation.

Coins are stored in wallets, which are storage units where private and public keys are kept. The public key is the address on the blockchain where coins can be stored. The private key acts as a pin to verify outgoing transactions from the public key's address and shouldn’t be shared.

If you are interested in buying Litecoin, you can easily and directly invest with Bitpanda. Here you can trade Litecoin and over 2,500 other digital assets.

Register today and create your own crypto portfolio.

How is Litecoin derived from Bitcoin?

Charlie Lee developed Litecoin as a modification of the Bitcoin blockchain. Experts refer to a blockchain modification that creates a new network as a fork. A blockchain is a decentralised database that is simultaneously updated and edited on computers worldwide. This technology and its associated cryptocurrencies are practically impossible to hack.

Litecoin and Bitcoin are very similar. Both technologies are based on the Proof of Work validation of transactions. Under high computational power and thus a lot of energy consumption, movements on the blockchain are verified through mining. Computers solve transaction-related algorithms to confirm the process. New blocks, or blocks, are added to the database chain, or chain, with the completed transactions. Miners receive a reward in the form of a transaction fee and newly created LTC coins.

Like Bitcoin, the supply of Litecoin is limited. A halving occurs every four years to delay the mining of the last block and counteract inflation. In this process, the amount of Litecoin generated through mining is halved. The last halving occurred in 2019 and the next is expected in August 2023.

Litecoin: an established cryptocurrency

Litecoin is one of the oldest cryptocurrencies after Bitcoin. Its popularity is based on the simplicity and widespread use of LTC coins as investments and means of payment, with thousands of merchants worldwide now accepting payments with Litecoin. 

Transactions are validated four times faster compared to Bitcoin resulting in better scalability. Due to low transaction fees, Litecoin is a popular alternative to Bitcoin in developing countries.

Litecoin price fluctuations

The Litecoin price, like most cryptocurrencies, is subject to volatility in price. If you invest and the price rises sharply afterwards, you can profit from this volatility. However, if the price falls after your investment, you may experience significant losses due to the price fluctuation.

A good way to balance this is through regular investments. If you buy LTC coins multiple times at different prices, the total value of your investment increasingly reflects an average Litecoin price trend. Experts refer to this as the cost-average effect. 

With a Bitpanda Savings plan, you can offset fluctuations in the Litecoin price and benefit in the long term.

Diversify your portfolio with crypto indices

You can spread the risk by diversifying your crypto portfolio and investing in multiple coins. This way, price fluctuations of individual crypto tokens like Litecoin can be balanced out by others in your portfolio. 

With the Bitpanda crypto indices, you automatically spread your investment across several different assets. You can choose between different indices and diversify your crypto portfolio.

Key points to know about Litecoin:

• In 2011, former Google employee Charlie Lee released Litecoin and the Litecoin whitepaper

• The Litecoin blockchain is a modification (fork) of the original Bitcoin blockchain

• The platform is practically impossible to hack due to blockchain technology

• Litecoin enables faster and cheaper transactions than Bitcoin

• A Litecoin transaction is completed in 2.5 minutes

• Measured by market capitalisation, Litecoin is among the top 20 cryptocurrencies (as of February 2023)

• New Litecoins are mined with high computational and energy expenditure

• The maximum amount of Litecoin is 84,000,000 coins

• Currently, around 19,300,000 Litecoins are in circulation

• Litecoin reached its all-time high in May 2021 with a price of around 410 USD

• Due to the high computational power required for cryptographic transaction validation, the energy consumption of the Litecoin blockchain is very high

• LTC coins are stored in wallets

The price per Litecoin, like all cryptocurrencies, is determined by supply and demand. As cryptocurrencies are decentralised currencies, neither states nor financial institutions directly influence their prices. However, political, economic and social developments can.

Litecoin is currently among the top 20 cryptocurrencies by market capitalisation.

Price history of Litecoin (LTC)

Shortly after its release, the price of Litecoin climbed to 0.30 USD per coin. By November 2013, it had peaked at 50 USD. However, by March 2017, the price had dropped to around 4 USD. 

During the crypto hype in 2017, Litecoin's price surged to an all-time high of 360 USD. The price corrected in the following years, but during the bull market of 2021, Litecoin reached its highest price to date of around 410 USD. In 2022, in the crypto winter or bear market, the price fell below 50 USD. In 2023, Litecoin briefly surpassed the 100 USD mark. Many experts predict further price gains in the future.

Major price milestones include:

• 2011: 0.3 USD

• November 2013: 50 USD

• June 2014: 10 USD 

• March 2017: 4 USD 

• December 2017: 360 USD

• December 2018: 25 USD

• November 2020: 55 USD 

• May 2021: 410 USD 

• January 2022: 150 USD

• 2022: 50 USD

• 2023: 100 USD 

The launch of Litecoin

Shortly after its release in 2011, the Litecoin price chart climbed to around 0.3 USD per coin. During the first major crypto hype in 2013, the Litecoin price increased significantly, reaching a peak of around 50 USD. After a price correction, the Litecoin chart experienced various price fluctuations in the following years.

The Litecoin price in the 2017 crypto hype

In 2017, the crypto scene and Litecoin experienced a strong price surge. Increasing media interest led the LTC price to an all-time high of around 360 USD. 

It is now suspected that the hype was a targeted market manipulation. With the price correction, the Litecoin price fell again in the following years, dropping below 25 USD in December 2018.

The Litecoin price in the 2021 bull market

In the years following the hype, the price of most cryptocurrencies recovered and experienced steady increases. 2021 saw a bull market for digital assets, fueled by increased interest from major companies in crypto and expanding use cases. PayPal announced its acceptance of cryptocurrency payments, while blockchain technologies gained popularity as payment methods. Tesla also made substantial investments in Bitcoin and other cryptocurrencies. 

Capitalising on these market conditions, Litecoin reached its all-time high in May 2021, peaking at around 410 USD per LTC coin.

Regulatory plans, inflation and geopolitical uncertainty

After the positive LTC price trends of 2021, a strong correction phase followed for many crypto prices and the Litecoin price fell below 50 USD in 2022.

The war in Ukraine, rising inflation rates and state plans to regulate cryptocurrencies unsettled investors, leading to a significant drop in demand. The FTX crypto platform collapse and the crash of the Terra blockchain also affected confidence in cryptocurrency.

In anticipation of a declining inflation rate and increasing economic and political stability, the charts of many assets, including the Litecoin price, began to recover at the end of 2022 and the beginning of 2023. In January 2023, Litecoin price temporarily reached 100 USD.

Litecoin price forecast

Litecoin ranks in the top 20 cryptocurrencies by market capitalisation. Its price often benefits from Bitcoin's gains due to their similarities, however, Litecoin has the advantage of processing transactions faster. The Proof of Work validation process and increasing energy costs may reduce the attractiveness of blockchain mining in the long run, potentially raising transaction costs and dissuading investors.

Despite this, experts see further growth in the Litecoin price as likely due to Litecoin's established position and popularity among investors. Investors should know that past price developments and forecasts cannot indicate future value trends.

Due to a limited supply, regular halvings and a decentralised platform, there is little risk of Litecoin itself experiencing inflation. However, the inflation of established fiat currencies influences investors' willingness to invest. Fiat currencies are state-regulated currencies like the euro or US dollar. With rising inflation rates, investors have less money for investments, and assets like cryptocurrencies are sold to bridge financial gaps.

Political and economic developments also have an effect. Announcements by large companies and even entire states, to invest in cryptocurrencies or use the technology to increase efficiency, often strengthen demand for digital assets, leading to price increases.

Litecoin benefits from its widespread acceptance and ability to be used for payments bymerchants worldwide. 

Litecoin becomes even more convenient with the Bitpanda Card. This crypto credit card converts your digital assets into fiat currency at the current exchange rate, allowing you to use LTC for payments wherever VISA is accepted.