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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.

 

[Yugocean]

Update Price

Litecoin is running at its halved $50-60 price, my thought was to buy it at $40 a star, now I will have to wait longer, or buy it due to the situation after the ethereum merge?
At the current rate and my account contrition, I am able to buy more than a whole Lightcoin.

 

[Yugocean]

Litecoin Case Opens Crypto in China

Recently, a Chinese court has given legal protection to crypto hodlers and traders by ruling in a case on Litecoin.
We all know that cryptocurrency is completely banned in China, but the court says that crypto is not illegal, it is not just legal tender.
This is an encouraging win for Litecoin.

 

[Yugocean]

Litecoin Improved
Today Litecoin increased in value by more than 11%. Means its bulls are running. LTC market ranking has also improved to 13, which is higher than rivals SOL and SHIB. I still HODL my Litecoin, and adding more.

 

[Yugocean]

LTC is faster than I thought, all those who missed (like me), might say 'only if'. Today it was a little bit down, yet it's value is up than few days ago. More prediction is BTC will go down, LTC will go $100!

 

[Yugocean]

Going Down
LTC value is tanking, since few days it's value is going down and now with over 16% loss in value in a week, its market cap has also rolled down. The only good thing is that LTC is now on position #15.

 

[Yugocean]

Ranking up
Litecoin is now at rank 14, it is above Shiba Inu, at value of $65 (with increase from yesterday, its becoming profitable. Today LTC gained 4%, while SHIB was down 2.3%, this change also changed market cap and ranking

 

[Yugocean]

Bull

Litecoin has been showing signs of bullish growth recently, suggesting that its value could cross $100 in the next month, if not now. Analysts are currently forecasting that the price will soon reach around $85.

 

[Yugocean]

Bull Bear Signal

Litecoin is now playing sea saw at $88, it is still cheaper than what it might be later, however some experts think it will go bears. (I am just updating an information for you to reserch and take decision).

 

[Yugocean]

LTC Crosses $100

A sign of Bull market was growing , and LTC was gaining more than others, just now it reached $100.
This time Litecoin's improvement was better than BTC, ETH, BCH etc.
Are you collecting Litecoin? What is your plan with it?

 

[Yugocean]

LTC is up
The 13th-ranked Litecoin dropped even lower this time around, but is still easy to get at under $100. But the way its value has fallen, its popularity is less. LTC HODLers perhaps have to trade too for improvement.

 

[Yugocean]

up and down
The price of LTC hit $90 a while ago and has now dropped again. The price has been hovering around the 80s and 90s since the last time it dropped below $100. Although its trade is good for some time, the effect is not much.

 

[Yugocean]

Litecoin will remain PoW even after Halving

With the Litecoin halving just around the corner, some people are considering bringing Litecoin to version 2.0 to make it PoS like Ethereum; But this has been opposed by the Litecoin community, the Litecoin PoW will remain and will also have its summit.

 

[Yugocean]

Litecoin post halving

Litecoin's 3rd halving completed yesterday. Its current position is -

• LTC value dropped 5+%, it is below $90 now. Further drop is expected.
• LTC ranking is improved, it is #12 at Coingeco, and #11 at CoinMarketCap.

 

[Yugocean]

LTC price continues to decline

Litecoin is currently priced at the level of $82, if we take a comparative view of its value, we will find that its value has gradually declined over the last seven days, 24 hours, and 1 hour periods, directly to $80. going under.

 

[Yugocean]

LTC at stable point

Although LTC price is down since halving, but since few days it's value is playing stable at $82 level. Value isn't going to gain very soon, however, now further drop is also not called for.

 

[Medo24]

LTC at a stable point

Although LTC price is down since halving, for a few days its value is playing stable at the $82 level. Value isn't going to gain very soon, however, now further drop is also not called for.

The value can not be stable but may be we won't be experiencing any significant rise or dip on the coin anytime soon. It might be a profit to trade the coin on a short time base to make profit.

 

[Yugocean]

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The value can not be stable but may be we won't be experiencing any significant rise or dip on the coin anytime soon. It might be a profit to trade the coin on a short time base to make profit.

When we use the word stable, it means the same - no serious rise or roll.
In past 24 hours LTC value crossed $85, then start falling, now it is at $83 level.
There is more possibility of it falling to $82 level than increasing.

 

[Medo24]

.


When we use the word stable, it means the same - no serious rise or roll.
In the past 24 hours, the LTC value crossed $85, then start falling, and now it is at the $83 level.
There is more possibility of it falling to the $82 level than increasing.

Alright, I understand your point now, I will personally watch the price trend of the coin for the next 72 hours to know if it is worth for spot trading or futures contracts within a price of $82 to $86.

 

[Yugocean]

Since few days LTC value is stable at $83, it is not moving much, but now it is back to its real stable the $82 mark.

Ofcourse 82 isn't the stable movement for litecoin, it is market move, LTC is just having some stability.

 

[Yugocean]

Litecoin at $75

After consuming the stability of $82 for some time, Litecoin has come straight to the level of $75. This price loss has been going on continuously since the halving of LTC, and due to the expensive mining, it hardly keeps the interest of the miners.