Should I purchase Litecoin: Is Litecoin a Good Investment?
Using this cryptocurrency, you can also make fast funds around the world. Already from the name, it’s 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 brand new shopping heart in Singapore has put in an ATM that accepts Bitcoin and Litecoin. The Litecoin price prediction before halving appeared a bit shaky. The Litecoin worth prediction after halving could be very optimistic as per the specialists’ opinions.
After its launch, Litecoin was fast to get the eye of the small but rising crypto neighborhood of the time. Nonetheless, its worth had remained rather low – around $3 – for quite a very long time. It was only in November 2013 when the market finally saw the primary important worth movements.
During the interval from January to June, LTC value elevated four instances from $31.02 to $138.four. The reason for this price improve was the upcoming halving, which happened on August 5. People believed that price should go up after halving, so that they purchased lots of LTC cash, thereby elevating the value themselves. It was fairly predictable that the worth would go down by nearly 50% after the halving.
Does litecoin have a future?
Litecoin is usually mentioned as a “silver” cryptocurrency with a reference to the “golden” status of Bitcoin. At the time of writing this text, Litecoin is positioned 5th by way of market capitalization with greater than 4.eight billion USD of market cap. Litecoin is one of the main elements of the cryptocurrency business. The coin is energetic for over 7 years now and managed to be successful for essentially the most part of this era.
On November 28, LTC value nearly doubled within in the future and reached the worth of $50 per coin. Litecoin Price Chart for 2019The first half of the 12 months Litecoin has a bullish development.
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 network with the identical-identify cryptocurrency.