Should I buy Litecoin: Is Litecoin a Good Investment?
Using this cryptocurrency, you can also make quick funds all over the world. Already from the title, it is clear that Litecoin is a “lite version” of BTC. The creator Charlie Lee notes that LTC isn’t created to compete with the digital gold but to resolve its problems and make crypto sooner, lighter, better.
Even a brand new purchasing center in Singapore has put in an ATM that accepts Bitcoin and Litecoin. The Litecoin price prediction earlier than halving looked a bit shaky. The Litecoin price prediction after halving may be very optimistic as per the experts’ opinions.
After its launch, Litecoin was fast to get the attention of the small but growing crypto group of the time. Nonetheless, its worth had remained somewhat low – around $3 – for fairly a long time. It was solely in November 2013 when the market lastly noticed the first vital price actions.
During the period from January to June, LTC worth elevated four times from $31.02 to $138.4. The purpose for this price improve was the upcoming halving, which took place on August 5. People believed that worth should go up after halving, in order that they purchased a lot of LTC cash, thereby elevating the price themselves. It was fairly predictable that the worth would go down by virtually 50% after the halving.
Litecoin is commonly talked about as a “silver” cryptocurrency with a reference to the “golden” standing of Bitcoin. At the time of writing this article, Litecoin is placed fifth by way of market capitalization with more than four.8 billion USD of market cap. Litecoin is among the major elements of the cryptocurrency business. The coin is active for over 7 years now and managed to achieve success for essentially the most part of this era.
On November 28, LTC worth almost doubled inside one day and reached the price of $50 per coin. Litecoin Price Chart for 2019The first half of the year Litecoin has a bullish pattern.
The second factor that impacts the value of digital silver is new technologies. Litecoin was on the forefront of contemporary and relevant applied sciences. It was the primary to implement SegWit protocol and Atomic swaps also, it has implemented the Lighting Network. All these applied sciences can revolutionise sphere of the cryptocurrency payments. First of all, Litecoin is a peer-to-peer community with the identical-title cryptocurrency.