Increasingly more people prefer BTC as an alternative for fiat money. Another reason for the price disparity is that Bitcoin, like gold, has better recognition around the world. LTC's total supply is 4 times greater than BTC's. The price ratio is 1:155, which is much bigger than silver's ratio to gold (1:50). In general, like silver compared to gold, Litecoin is cheaper than Bitcoin. The future of Litecoin's price depends on many factors, from fundamental to technical analysis. The other supporters are advisors, investors and ambassadors or play other roles. Today, there are only two full-time developers at this foundation. LTC is promoted by the not-for-profit organisation Litecoin Foundation. Moreover, it's one of the most popular cryptocurrencies on the darknet. Litecoin has a big user base and significant demand on exchanges. It uses a Scrypt mining algorithm that requires less power to create a block.It reduced the block time by 4 times, which allowed transactions to be processed faster.They work the same way, but LTC is technologically better: Litecoin comes from the words' light' and 'coin' because this cryptocurrency was founded as a simplified version of Bitcoin. For many years, LTC was one of Bitcoin's main competitors. Newbies to the cryptocurrency market may not know that LTC is a fork from Bitcoin and is one of the oldest digital currencies. It is also known as the 'silver crypto', while Bitcoin is gold. What is Litecoin (LTC)?įor ordinary users, Litecoin is one of the most recognised cryptocurrencies in the whole market. If you're looking for a good return in 5 or more years, pay attention to this cryptocurrency.īefore we delve into Litecoin predictions and answer questions such as why LTC may be successful or fail once again, let's quickly review its history, main features and future plans. Analysts say that, in the long term, LTC may see its price increase and reassume its previous rank. However, Litecoin may still provide investment potential. Still, for the most part, people don't believe in Litecoin, which is why LTC lost its positions, according to CoinMarketCap. Some investors are proud of Litecoin, while others are disappointed with it.
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