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[BMF]

Litecoin is the second popular cryptocurrency next to Bitcoin. This coin was first released in the year 2011 by a former employee of Google named Charlie Lee. The transfer of coins follows an open-source protocol that is not monitored by any central authority system. Litecoin is fondly called as "Silver Bitcoin" as it is not trying to become a competitor for Bitcoin. The symbol for Litecoin is LTC or simply L.

Pros:

1. Faster Transactions – It is possible to create a new Litecoin block in just 2.5 minutes which means that the transactions will get confirmed quickly. It will take at least 10 minutes to create Bitcoin blocks.

2. Good market cap – As per the recent statistics, Litecoin is in the Top 5 ranks of the market capitalization as it has crossed the margin of $2 billion.

3. SegWit – Litecoin recently has activated the new feature named Segregated Witness (SegWit) into its network which has increased its transaction capacity 8x times more than Bitcoin.

4. Easy mining – The mining algorithm of Litecoin is simpler than that of Bitcoin. So it consumes less power and space when compared with other cryptocurrencies.

5. Low transaction fees – The transaction fees of Litecoin is very less when compared to that of Bitcoin.

6. Lightning Network – This feature has been enabled for Litecoin which will help the users to make transactions outside the blockchain network. Lightning Network will solve the scalability issues and lower the transaction fees.


Cons:

1. The network hash rate of Litecoin is low. It is around 90,000 Mega Hashes per second when compared with 20,000 Tera Hashes per second of Bitcoin.

2. Litecoin is not widely accepted by merchants when compared to Bitcoins.

3. Only a few wallets are available for Litecoin.

4. Many crypto exchanges do not provide support for Litecoin.

 

[Medowriter]

Litecoin is an open-source software crypto currency that is used for digital transactions anonymously online. This coin originated in October 2011 from team of programmers and developers headed by Charlie Lee who was a former Engineering director at coinbase , it is very similar to bitcoin. The all time high of litecoin is $375.29 as at December 19 2017 and it all time low value was $1.11 as at January 14 - 2015. Litecoin currently has a market capitalisation of approximately $3.8 billion currently, it current circulation supply is approximately 61 million and it maximum supply is pegged at 81 million. It current price as at the time of this review is $60.07.

It has a symbol of Ł and ticker symbol of LTC. It precision is 10−8, it subunits are mililitecoin and micro litecoin, it supports devices with operating system like the windows, Linux, OSx and Android. It block time is 2.5 minutes, block reward of 25LTC, it hash algorithms is memory intensive scrypt proof of work mining algorithms and the scrypt enables hardware such as GPU to mine litecoins easily. It program is written in C++, it website litecoin.org or litecoin.com, It is licensed under MIT license, it has very low transaction fees regardless the amount involved in the transaction, it also has higher liquidity and this makes it always available for purchase. It block explorer are explorer.litecoin.net, chain.cryptoid.info and blockchair.com

 

[Old Grump]

I use the moonlite faucet to mine these things, but once I accumulate a bunch I just convert them to Bitcoin. (I do the same thing with Dogecoin, just convert them to Bitcoin once I have a sufficient amount.)

Like I've said in other posts, until Bitcoin becomes a worldwide standard and is accepted nearly everywhere, I don't see the purpose in these altcoins. Now there could be a great reason for the existence of Litecoin and I'm too old and stupid to realize it, as I've missed many, many useful innovations before. We'll see.

 

[liah33]

There are lots of friendly users site which pays in Litecoin. I usually used faucethub faucet for earning litecoin. You can choose different of Litecoin faucet you want to visit for you to earn.

 

[overcast]

I have seen this currency going good consistently. though ripple and the ether are competing to get to the 2nd and 3rd slot. I am wondering how the future of this currency would be. I am not sure if the more business and the banks are going to accept it. if they do choose to do that. it'd be worth checking out. but as of now it seems ike the litecoin has some steady growth. it's not crossing 500 any time soon though. that's for sure.

 

[BMF]

Update:

1 = $71

While looking at the Litecoin chart I can see it's price went up on last months and in my opinion, it will continue to rise.

Have you invested in Litecoin? share your opinion

 

[Lovely]

I was over 500,000k litoshi in my wallet and still claiming more,I will just store them for the future I hope it will be just explode just like Bitcoin so that I will also take advantade of storing this coin.Will also at the side of investing them if need be.

 

[justinosky]

Litecoin, while it may not moon like bitcoin anytime soon will continue to experience steady growth(though there will be few hiccup along the way. Get as many as you can and store for when they come good.

 

[Abdul hanan]

HI friends
About one day ago i read a tweet on twitter in which a guy said that litecoin will hit 1000$ by end of this year and it is guaranteed.
What do you think about this?
Looking for comments so that i may invest in ltc.

 

[Phally]

Litecoin, while it may not moon like bitcoin anytime soon will continue to experience steady growth(though there will be few hiccup along the way. Get as many as you can and store for when they come good.

That's what I have been doing aswell. Entry price is fairly decent with a good upside

 

[Yugocean]

Litecoin is near to $250 now, but it will still take time to hit $1000 mark; yesterday I converted all my litecoin to Dash because Dash is now at third place, and there is where I missed due to marketing rate. Litecoin got nearly 58% increase in price.

 

[Xubcoinz]

YES SIR!! Mr. B! Litecoin is kickin all the "told you so's" (TYSUFI) or, Tiss-you-Fiers! in the butts!!!
Its on for the LITECOIN!!! BOOOM! Car full o' Litecoin....

 

[BMF]

Update: 1 = $297

About a week or 2 ago 1 Litecoin was around $70, now the value is 4 times higher and is looking to be a well worth investment.

 

[Yugocean]

Just last week when Litecoin was around $90 , I converted all my Litoshi to dash; now I am regretting; I should have thought about this then; but then it was more likekly that Dash will cross $1000 soon, so I raised my dash. Litecoin did better. Should I exchange other crypto to litecoin?

 

[overcast]

It seems the delayed blockchain in the bitcoin and the ether has lead to the increase in the price of the litecoin. So that's another good thing there. I'd be surely be taking account for the litecoin for now. because it seems like a good money earner.

 

[Yugocean]

Some people were claiming Litecoin price rise is temporary; however this good raise can be an opportunity because even bitcoin price is reaching 20k and Ethereum isn't going to heigh for months. I just wasted my litoshi, but now I am keeping other litoshis.

 

[jamica]

I used to use lite coin at first but i think that bitcoin took most of its market acceptance, i think it may raise after all mining of bitcoin get stooped one day

 

[overcast]

I think litecoin is a good currency to store while the ether and the bitcoin are having scaling issues. as you can see bitcoin and ether have the delayed blockchain issues. and that is indeed one of the harder things that are going out there. so we have to consider this the right way.

 

[Medowriter]

Since most coins like lite coin, dash and ethereum coin are competing i dont like converting them cos they are all rising and like it was preducted that litecoin could hit $1000 by the end of tue year it may not be possible but there coulld be a tremendous rise in the price

 

[Emill]

Since most coins like lite coin, dash and ethereum coin are competing i dont like converting them cos they are all rising and like it was preducted that litecoin could hit $1000 by the end of tue year it may not be possible but there coulld be a tremendous rise in the price

you know what most people say, just buy and hodl it is risky, of course, because the currency may also go downwards, but you really can't win without taking risks when it comes to this