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.


Litecoin (LTC): Hodling or NOT hodling, this is the problem - Weekly Price Prediction

3 weeks ago 1 minute read Roberto D.

Litecoin: weekly market analysis (from January 25th to January 31st 2020 on BTC / LTC pair)   BTC / LTC hold or not hold, that's the problem In principle, I would be tempted to expect a retracement, even a rather heavy one, if only for a one month ti...

PRICE PREDICTION; ETHERIUM AND LITECOIN PRICE TO REACH MAXIMUM HIGH

3 weeks ago 1 minute read Dominus1

ETH =184.58 LTC=69.5 Etherium and litecoin are on the bullish rise lately with Etherium currently trading at $184.58 at the time of writing whiles litecoin is trading at $69.5 dollars. The trend seems bullish and my clean conscience tells me that the...

Install Electrum to manage your Bitcoin - Part 10 How to store your crypto

3 weeks ago 1 minute read bitcoindelight

Today, we are going to install a bitcoin wallet. By the end of this blog post, you will have your own bitcoin wallet and can see your bitcoin address. I can't believe we have reached part 10 of this series already after I have discussed basic questio...

Review of the Gridseed Blade SCRYPT Miner

3 weeks ago 1 minute read AverageVancouverite

The Gridseed Blade SCRYPT Miner Specs: Algorithm: SCRYPT (Coins Mined: Litecoin, Dogecoin, Verge, etc.) Hashrate: Up to 5.2 MH/s Chip: 2 panels with 40 GC3355 Chips each (Totaling 80 chips) Power use: Under 150 Watts The Review: Released in 2014,...

Where to install my software wallet - Part 9 How to store your crypto

3 weeks ago 1 minute read bitcoindelight

If you have followed this series you should know that I am using a software wallet. I pointed out why I think hardware wallets (Ledger) aren't the best option for me holding my cryptocurrencies. On top, I gave some questions you should be able to ans...

The true power of compounding interest.

3 weeks ago 2 minute read MadMaxx

You've heard it at least a hundred times in your lifetime. Compounding interests in investments is one of the surest ways to become rich. And it's evident in one of the world's richest men: Warren Buffet. Popularly known as the God of Fundamental inv...

Top 3 Crypto Payment Organizations in Singapore

3 weeks ago 3 minute read pheonixdown-dee

  Crypto Payment Organisations in Singapore Singapore is a well-known economic powerhouse that is small in size, yet home to over 5.6 million people. This little nation sits strategically in SE Asia as a key international centre of trade which connec...

Gamble with Cryptobet.com - a new one

3 weeks ago 5 minute read renabs94

Cryptobet is a new site, founded in 2019. it was born from a collaboration with the crypto startup Tokenpay, from which it then detached itself. it is based on a mining model: for each mBTC bet you receive a variable amount of CBET tokens, with which...

Should you use trading bots?

3 weeks ago 2 minute read MadMaxx

Trading bots are old news right now. Old news in the sense that they have been existing for quite a while now. And while trading bots were created to be perfect, they are usually anything but. Want to find out more, and if you should use them? Stick...

Litecoin decline has begun.

3 weeks ago 1 minute read MadMaxx

I called this. So some time ago(I believe yesterday), I advised that it be best that traders close their longs on LTC, because it was quickly approaching resistance 1. You can check out my post here if you think I couldn't have called that. Well, L...