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Litecoin - 6% plus, and growing

 


Litecoin (LTC) is a cryptocurrency designed to enable fast, secure, and inexpensive payments by leveraging the unique properties of blockchain technology. The coin is currently trading for $ 140.55 with a 24-hour trading volume of just under $ 900 million.

This short guide explains what Litecoin is, whether it is worth investing in, and the best places to buy Litecoin today.

What is litecoin?

Litecoin was created on the basis of the Bitcoin (BTC) protocol, but differs in terms of the hashing algorithm used, the hardcap, the block transaction times and a few other factors.

Litecoin has a block time of just 2.5 minutes and extremely low transaction fees, which makes it suitable for microtransactions and payments at the point of sale.

Litecoin was published on GitHub on October 7, 2011 via an open source client and the Litecoin network went live five days later on October 13, 2011.

Since then, it has exploded in both use and acceptance by traders, and has been among the top ten cryptocurrencies by market capitalization for most of its existence.

Litecoin is the second most popular pure cryptocurrency after Bitcoin. This success is largely due to its simplicity and clear utility.

As of January 2021, Litecoin is one of the most widely used cryptocurrencies, and more than 2,000 merchants and stores are now accepting LTC around the world.

Should I Buy Litecoin Today?

Litecoin's performance has been lackluster lately, but it's picking up. In addition, most price prediction platforms see a positive outlook for the unique token. However, don't take investment advice at face value and invest enough time in doing your own market research.

Litecoin price forecast

According to Currency.com, Litecoin could continue to grow past its all-time high, reaching $ 500 at a point undetermined by the analyst. Coin Price Forecast is more accurate and predicts a price of $ 362 by the end of 2025. This is a 142% change from year to year.

In the first half of this year, they expect the Litecoin price to climb to $ 176. It's slated to close the year at $ 209 and be around $ 287 in the first half of 2023. It is expected to peak at $ 379 by the end of the second half of the year.

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