History of Litecoin & Pricing
Litecoin was created in 2011 by Charlie Lee. Litecoin (LTC) wasn't the first altcoin to copy Bitcoin's code, but it became popular much faster, unlike others.
Its initial success was due to the fact that it reduced the amount of time it took for new blocks to be added to the blockchain and gave way to features such as the lightning network and segregated witness (SegWit). Today, Bitcoin also incorporates these features.
Even though it is pretty popular, LTC's price never reached the height of its big brother.
In the beginning, Litecoin was listed on a few marketplaces, with a price of $0,3.
Then its price became quite volatile, going up to $3 throughout 2013.
However, in November of 2013, we saw its price sky-rocket and reach $50 for the very first time.
Unfortunately, with the fall of the Mt.Gox exchange in 2014, LTC price dropped its price back to the $1 mark in 2015.
Moving to 2017, Litecoin raised its value from $3 to $50, and it eventually reached $80 in September 2017. The end of 2017 saw Litecoin reach an all-time high of over $370 before falling to $25 one year later.
In 2019, it slowly started climbing back up to the $145 mark. This is where we began seeing Litecoin price prediction 2020 stats, which ultimately expected it to grow, and it did.