But will they still get future updates? It's entirely possible possible that I'm just misreading it, but there's conflicting information that's not really helping. The Pricing page on Itch says you're free to change the price and people will retain ownership, but it doesn't specify anything about future updates.
From another dev (paraphrased from what I remember): "I can tell you think of a price and stick with it throughout development. I found this out the hard way when Itch blamed me for raising my price and said it was why people couldn't access the latest update."