Should I purchase Litecoin: Is Litecoin a Good Investment?
Using this cryptocurrency, you can also make quick payments around the globe. Already from the title, it is clear that Litecoin is a “lite model” 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 new buying heart in Singapore has installed an ATM that accepts Bitcoin and Litecoin. The Litecoin worth prediction earlier than halving appeared a bit shaky. The Litecoin value prediction after halving is very optimistic as per the consultants’ opinions.
After its launch, Litecoin was fast to get the attention of the small yet growing crypto community of the time. Nonetheless, its worth had remained quite low – round $3 – for quite a long time. It was solely in November 2013 when the market finally noticed the first important price movements.
During the period from January to June, LTC worth elevated 4 instances from $31.02 to $138.four. The reason for this value improve was the upcoming halving, which occurred on August 5. People believed that value should go up after halving, in order that they bought plenty of LTC coins, thereby elevating the value themselves. It was fairly predictable that the worth would go down by almost 50% after the halving.
Litecoin is often talked about as a “silver” cryptocurrency with a reference to the “golden” standing of Bitcoin. At the time of writing this article, Litecoin is positioned fifth in terms of market capitalization with greater than 4.8 billion USD of market cap. Litecoin is among the main components of the cryptocurrency industry. The coin is active for over 7 years now and managed to be successful for the most a part of this period.
On November 28, LTC value virtually doubled within one day and reached the price of $50 per coin. Litecoin Price Chart for 2019The first half of the yr Litecoin has a bullish trend.
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 funds. First of all, Litecoin is a peer-to-peer community with the identical-title cryptocurrency.