Litecoin (LTC) News, Price Predictions, Opinions and Analyses Created by Users

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.

Why you shouldn't gamble with crypto or cash

30 Dec 2019 1 minute read 2 comments martintibor40

1. It's risky 2. It creates financial crisis for yourself 3. It's addictive 4. You're not lucky like James Bond to pull off that trick 5. Don't expect youtube tutorials to work 6. Might be illegal in your country (it depends on) 7. It's not a job 8....

How to make a profit with any cryptocurrency

30 Dec 2019 1 minute read 2 comments martintibor40

Step 1. Pick a cryptocurrency First of all you need to find a digital commodity that is your target , when you have that make sure you read kind of exchanges going around of any exchanging platform for example (BTC-USD , LTC-BTC , ETH-BTC etc.) this...

Best Crypto Trading Simulation/Training Website

30 Dec 2019 1 minute read 0 comments martintibor40

Trading crypto currency is quite skill based but this website can help you shaping your abilities to make decisions plus you will start with 10.000 USD on demo account without any registering. The goal is to just make profit either by buy or selling...

China is looking to launch its 1st ever blockchain ETF very soon

30 Dec 2019 1 minute read 0 comments

China is making progress day by day in applying the blockchain technology in various systems and the process of blockchain applications is increased many folds after the president’s encouragement of the blockchain in the country. Penghua Fund, a Chin...

South Korean Bithumb Exchange is hit with over $69M in Taxes by NTS

30 Dec 2019 1 minute read 1 comment

The crypto exchange Bithumb has been hit with an amount of $69.3 million in taxes. Recently, the largest South Korean crypto exchange Bithumb has charged with a tax bill of 80.3 billion worth $69.5 million. The news is reported on Monday by the local...

Starter Litecoin Mining Rig Guide

29 Dec 2019 1 minute read 1 comment martintibor40

If you'd like to start mining litecoin or other scrypt based coins then here's a good device to buy from Amazon

Japanese E-commerce Giant Rakuten’s Users will, now, Convert points into Crypto

29 Dec 2019 1 minute read 0 comments

Japanese based e-commerce giant company, Rakuten, announced in a press release that users now convert their earned points to cryptocurrency. Currently, they can swap points with Bitcoin, Ethereum and Bitcoin Cash. According to the announcement releas...

Atomex Wallet Review

27 Dec 2019 1 minute read 0 comments LiteLiger

Atomex Wallet Review Time for another multi-coin wallet to review called Atomex, not to be confused with Atomic wallet. Atomex was launched back in september and has gotten some decent updates ever since, currently you are able to choose delegates i...

LITECOIN: Last forecast of the year - Price Prediction

27 Dec 2019 1 minute read 0 comments Roberto D.

Litecoin: weekly market analysis (from 21 December to 27 December 2019 on BTC / LTC pair) On Sunday the bulls increased the upward pressure, however the profit taking was practically immediate and brought the price back to the opening values, forming...

Fake LTC Foundation has defrauded 309 LTC worth $12,505 from Users

27 Dec 2019 1 minute read 2 comments

A fake Litecoin Foundation scam has defrauded 309 LTC worth $12,505 from users. There is a fake Litecoin Foundation YouTube channel scamming people out of their LTC coins. Recently, it has defrauded an amount of $12,505 worth 309 LTC from users. This...