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.

Blockfi Update! Interest Paid on Litecoin and USDC.

8 Jan 2020 1 minute read 2 comments G4G Crypto Training

I have written more in depth articles about Blockfi in the past.  But I wanted to share another cool update.  In addition to paying you interest on your Bitcoin, Ethereum, and Gemini Dollar (GUSD), Blockfi just began paying interest on Litecoin and a...

Bitcoin ascenssion

8 Jan 2020 1 minute read 2 comments CryptoArch

Since beginning of the year, the price of bitcoin on exchange keeps increasing to reach $8,000.This progression in geopolitical tensions background has reached up to 15% this morning. Tensions between Iran and the United States are directly linked t...

Lite Coin With Bitcoin Pair Is Forming Bullish Shark For And Completing Bullish Setup For A Good Long Opportunity Soon

7 Jan 2020 1 minute read 0 comments moon333

Priceline of World's 6th largest cryptocurrency out of more than 2300 cryptocurrencies LiteCoin (LTC) with Bitcoin pair is forming bullish Shark pattern and soon it will be entered in potential reversal zone and will be ready for bullish reversal soo...

What is a Dusting attack & how can you prevent it?

7 Jan 2020 3 minute read 8 comments fklivestolearn

A tweet from one of the largest Crypto exchanges Binance recently announced that the fourth largest Alt.coin may have been a target of a dusting attack. It went on to link a transaction of (0.00000546 LTC) sent to 50 addresses as being part of the at...

January is a Month of Cryptocurrency, Let’s see what trend it sets for Altcoins in 2020

7 Jan 2020 1 minute read 0 comments

The month of January has been very important for the Cryptocurrency as it starts a trend for altcoins. The new-year 2020 has begun and the month of January is going on. Previous four Januaries started a different trend for altcoins and now we have to...

The South Korean Presidential Commission Wants to Bring BTC Derivatives Into Mainstream

7 Jan 2020 1 minute read 0 comments

The South Korean Presidential Committee on the Fourth Industrial Revolution (PCFIR) recommends the government to allow the launch of Bitcoin derivatives on Korean firms. A local English-language news outlet named Business Korea has reported on 6th Ja...

3 million Ethereum locked in Defi

6 Jan 2020 1 minute read 1 comment kingscrown

DeFi is decentralized finances, a way of lending and taking loans on Ethereum network in decentralized way. Right now we got into 3 million ETh locked. Why people do that? As they make passive income without trading in a pretty secure way. There is w...

Litecoin Reddit, Subreddits, and Places to Use Litecoin

6 Jan 2020 4 minute read 9 comments MintDice

If you’ve read any news over the past three years, you’ve surely heard and seen the word Bitcoin and know it’s a cryptocurrency. But you may not have heard of heard of Litecoin, an important and competing cryptocurrency. What is Litecoin? Litecoin is...

Litecoin halving didn’t prove fruitful for the 6th largest Cryptocurrency

5 Jan 2020 2 minute read 0 comments fklivestolearn

Litecoin Block rewards halving has seen the mining interest plummet, Will Bitcoin Halving in 2020 suffer the same fate?   Let me start off by explaining the process of halving in Cryptos like Bitcoin and Litecoin for people who don’t know. It inv...

Litecoin appreciates over 20% at the beginning of the year

5 Jan 2020 1 minute read 0 comments abraomarcos

  Cryptocurrency Litecoin had a very complicated year 2019, both for its price and its fundamentals. However, now at the beginning of the year you can see signs that last year's negative trend is corrected with the currency having a rally of over 20...