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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]

Just like what bitcoin is currently passing through , in less than 7 days it has reduced with close to $4000 which is not a good for us

 

[overcast]

So far this year the litecoin seems to be taking a lot of orders lately. And there are some people making use of the litecoin for the work as well. But considering the thing is that the rate is low it'd be reasonable to make use of it in that sense there.

 

[Yugocean]

Litecoin was above $300 when bitcoin crossed 18k USD, but since bitcoin price dropped, litecoin too is losing the big share of cryptocurrency market. Litecoin price also dropped which has effects on its growth for short time.

 

[overcast]

Litecoin seems to have dropped the raate. And it seems like a lot of focus is required for the litecoin to function properly. I guess we are going to find that out. And if things work out fine then it can be really a good way to manage the rate on the regular basis in such case.

 

[Yugocean]

Litecoin dropped as bitcoin drop[ped after South Korea Bitcoin Exchange Youbit become bankrupt due to a hack. However Litecoin is now standing again, it is still nearly $250 which is still heigher than what it was few months ago.

 

[HB CH05]

247,26 it's stong bro...

 

[Emill]

View attachment 7118
247,26 it's stong bro...

$262 already, it's getting better and better. of course, there's still some way to go in order to make a new record - if I remember correctly, its maximum value was of about 330$, and Litecoin is getting really unpredictable. I remember I wanted to buy some Litecoins when it was over 300$ (didn't do it though) and then the next day it went down to 220$ or something like that

 

[Medowriter]

$262 already, it's getting better and better. of course, there's still some way to go in order to make a new record - if I remember correctly, its maximum value was of about 330$, and Litecoin is getting really unpredictable. I remember I wanted to buy some Litecoins when it was over 300$ (didn't do it though) and then the next day it went down to 220$ or something like that

Trading in crypto currency require so much update so as to avaoid losing much, when thr in crease in lite coin value i i decided to alsi give a shot by claiming from faucet and also exchange some other coins to lite coin

 

[Yugocean]

Litecoin is not gaining as fast as Dash and Ethereum; few months ago it was competing with Ethereum but now it is in lesser trend.

 

[robking03]

Most of my litecoins are obtained a couple of years back from faucets.
Litecoins is currently #6 in coinmarketcap which makes it pretty decent crypto.

 

[Yugocean]

Litecoin is at time we can invest again before it reach 300 USD.
It's speed is slow than dash but it's trade is higher and we have time to collect it even exchanging.

 

[Emill]

Litecoin is at time we can invest again before it reach 300 USD.
It's speed is slow than dash but it's trade is higher and we have time to collect it even exchanging.

I believe this is not really the time because I don't see it going higher than 350$ in the next few days(just a prediction, it may not be right because yea, we talk about crypto). it would've been ideal when it was at around 210-220$ per 1 LTC. but the long-term hodl plan always applies because there are higher chances that it will raise after a few weeks

 

[overcast]

I am not going to seriously invest into litecoin. But considering the coins thee days are more strongers. and hard fork for every top coin is coming. I think it'd be reasonable to make use of the litcoin for saving some fees.

 

[Emill]

yeah, the only real use of Litecoin should be to avoid fees and buying things with crypto (where LTC is supported). when it comes to investing, as I mentioned in an earlier post I wouldn't be so sure because there seem to be other better choices.

 

[Keibah]

Been collecting a good number of these litecoins and I can say I'm happy about it. The price of this coin is almost as four times higher than it used to be. It is really coming up fast now.

 

[Emill]

Been collecting a good number of these litecoins and I can say I'm happy about it. The price of this coin is almost as four times higher than it used to be. It is really coming up fast now.

Those who have invested in LTC earlier can be only satisfied with their profit. The question is for those who bought it at the value of $300, how much time will it take until it will explode again

 

[Yugocean]

Litecoin is getting low everyday, it is now nearly $233 which is a big slowdown we just do not know when it will go up or go down. Yet now my decision is to not to try any investing and exchange litecoin before it go below $200.

 

[overcast]

Litecoin seems ot be consistent. not many people are investing. but it is holding up in the market. so that looks like a good system so far. I wonder what are some of the good options out there. as of now it seems like ltc may have gain.

 

[Yugocean]

Litecoin crossed $300 mark not once but twice in last few weeks, but it is dropping again and gaining again. This is all in coin market for decentralized currencies. It may gain again in coming month.

 

[Khagendra]

no doubt on that it is a brother of bitcoin and we can make some money by using this site too. Bitcoin is veru famous nowdays and it has a big market in the world. We can earn from lightcoin too.