Though Litecoin has been around for a while now, its importance has not diminished. Litecoin value remains high in the favour of markets, and due to its simplicity, it has quite a lot of potential for changes, such as the introduction of Smart Contracts, which will make it all the more useful.
According to Bitdegree, it is the fifth largest cryptocurrency, with a market cap of over $12 billion dollars. Neither do you need to worry about Litecoins flooding the market nor Litecoin value decreasing, as only a total number of 84 million coins can be mined.
Thehttps://coinswitch.co/info/litecoin/what-is-litecoin has grown in the past years, and even though it has faced some lows in the market, it continues to be one of the major cryptocurrencies.
It went from a low of $4 in March 2017 to a high of $320 in less than a year, delivering 80x returns for its investors.