Litecoin (LTC)

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Litecoin (LTC) is a P2P and open source project invented by Charlie Lee in 2011. The LTC token resembles Bitcoin in many ways, but has many distinct differences which has led market enthusiasts to dub it the silver to Bitcoin’s gold. 

Litecoin is a fork of Bitcoin Core, and has a block generation time that is a quarter of Bitcoin’s, at 2.5 minutes and 4 times as many max tokens at 84 million tokens. It is also uses a different hashing algorithm that is more demanding of memory. 

Its mining algorithm requires processes to take place serially, which significantly reduces the advantage of those capable of purchasing ASIC hardware. The intention was to make mining as decentralized as possible, i.e. it makes the power to purchase expensive hardware less of a factor in determining mining capacity. Bitcoin, at this point, is well-known for its mining to be out of reach of most people. Litecoin is a financially lucrative alternative to the number 1 token in this regard.

LTC continues to be one of the most discussed and monitored cryptocurrencies still, years after its launch, a distinction not shared by many other cryptocurrencies. The quicker transaction processing times has led some analysts to believe that Litecoin will be a better alternative to Bitcoin in real-world applications, but scalability and performance improvements to Bitcoin (and Litecoin itself) could change opinions in the years to come. Founder Charlie Lee himself has said that Bitcoin does well as a store of value, while Litecoin is optimal for day to day transactions. 

In this tag, read Litecoin (LTC) news, price predictions, opinions and analyses created by users.

In the World of Crypto: Mike Novogratz' humbling tattoo & more

19 May 2022 4 minute read 5 comments I-HODL

Friends, I've got a confession. I have a tattoo.  I know, I know, what can I say? It was a drunk moment. I got it to celebrate our purchase of my favorite car a few years ago. Nope, it wasn't a Tesla, we didn't and don't have that budget, not yet. Bu...

After UST crashed - Should HBD Lower Rates Back To 12%?

18 May 2022 4 minute read 0 comments Steve Hodl

With the recent crash of UST, stable coins have gotten a lot of bad press and the returns UST provided on Anchor were comparable with HBD. But we know now how it ended with UST and it is a far larger stable algo coin compared to the amount of HBD tha...

Litecoin (LTC) Prepared for Swift 30% Recovery – Here’s Why

18 May 2022 1 minute read 0 comments

Litecoin has its price hovering at $72, targeting a swift reversion towards the mean. Overpowering the hurdle at $82.3 will welcome a 30% increase for LTC. A significant daily candle closing beneath $64.6 will cancel the bullish narrative. Litecoin...

Litecoin is not stronger. Analysis

18 May 2022 3 minute read 0 comments FunFavst

It is still one of the most relevant cryptocurrencies, however, the statistics show that they do not present resistance and follow a pattern similar to how Bitcoin is doing.   To make a summary, Litecoin first came out in 2011 as a new parallel marke...

Swapnex is happening, ROI is growing

29 Apr 2022 1 minute read 0 comments TheCryptoGambit

Hi, nice people. After my two stories, Swapnex : A new art of arbitrage trading and want to double your money in 36 days or less? It could be a scam, or maybe not?, I am back with an update on my running bots. I have been running several bots with se...

12 May My Technical Analysis

12 May 2022 2 minute read 0 comments Biologist25

$LUNA Not the slightest reaction. 11 USD was an important level, but it broke through. Only today the drop is around 70%.The Do Kwon recovery plan did not work either, technically there is support at the level of 4 USD, but we will wait and see wheth...

Lite Coin Mobile Mining!

29 Mar 2022 2 minute read 3 comments BenFlipFlopCrypto

Lite Coin Mining on your Mobile   Here's a step by step guide - from installation to getting your first free litecoin. @ysengr0 introduced it to me, unfortunately he isn't active on hive. I turned it on for less than 24 hours and I've already bagged...

Understanding Crypto Taxes - Don't Let the FUD Scare You

8 Jan 2021 3 minute read 6 comments bettercallpaul

Understanding Crypto Taxes - Don't Let the FUD Scare You by William P. Alexander  for  Better Call Paul Blog Hey Everyone!  After seeing a few articles on here regarding Coinbase and other US-based cryptocurrency companies and their plans to tax o...

Whats the matter with Litecoin? Will it ever have a comeback?

15 Sep 2021 3 minute read 2 comments 2sats

*obligatory not financial advice*   Litecoin used to be one of the biggest players in the crypto market. Bitcoin, Ethereum and Litecoin were the golden trio that towered over all their smaller siblings. But now LTC is far behind BTC and ETH and the g...

Free Litecoin LTC Faucet Mobile App (on Android and IOS)

20 Aug 2019 2 minute read 21 comments Bitcoin Aliens

We’ve launched our brand new Free Litecoin Mobile app today on the Android Play store and coming soon for iOS! Download it here and start earning Litecoin rewards today. Earn Free Litecoin with the Latest Mobile Faucet App from Alien Apps Don’t have...