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.


Recent Attack Against Litecoin Holders - Here's What You Need To Know

1 week ago 1 minute read Ed-california $2.68 tipped

The Binance exchange has notified the cryptocommunity that a “dusting” attack had been executed on the Litecoin network on August 10. Binance made the announcement via Twitter, Binance also added revealed the LTC transactions, about 0.00000546 LTC,...

Update 18: Cats cryptocurrency prediction experiment!

1 week ago 1 minute read Piet246 $0.10 tipped

After a week in which BTC came back from $10.000 to $12000 and pausen before start a new bullrun in the coming days. I will give an other update of the prediction of Dikke Streep my cat. The expiment was as followed. I put 5 physical coins of cryptoc...

Litecoin Has no Development ? Chat Revealed says so.

1 week ago 2 minute read kingscrown $0.25 tipped

Franklyn: I was extremely disappointed to discover that no progress had been made on CT since the announcement, especially when I stand on stage telling everyone it’s happening and we are actively working on it. Charlie: The honest truth is that no o...

Litecoin Trapped in Consolidation

1 week ago 1 minute read Oligon $0.32 tipped

Litecoin has been wandering around between $85 and $106 with no clear direction since the beginning of July. It’s been almost a month and still there are no definitive signs of where price is heading.   If we look from a market structure perspective,...

Which token will be better for long term investment?? My opinion..

1 week ago 1 minute read Musawer $0.25 tipped

Why I feel it can be profitable for long term investment. Introduction Etherplode is a deflationary token based on ethereum blockchain. On every transaction 0.5 percent of tokens are burned. It means its total supply will decrease with time and incre...

LITECOIN, ETC,USDC MARGIN TRADING NOW AVAILABLE ON BINANCE

1 week ago 2 minute read cyprain $0.12 tipped

LITECOIN, ETC,USDC MARGIN TRADING NOW AVAILABLE ON BINANCE, The news was published on Binance web page 6 hours ago. now you can trade Litecoin, ETC, and other coins  New Margin Assets: USDC, LTC, ETC New Borrowable Assets: USDC, LTC, ETC New Margin P...

The cloud mined ETH token and game

1 week ago 1 minute read Cal_tv93 $0.11 tipped

Well, there are two apps to this that both work together under the same account so we will just take each app on two different sections to make it less confusing hopefully.   Phoneum This is the cloud miner where you have to open the app every 24 hou...

The Future of Money Starts Now

2 weeks ago 9 minute read kevonthebloc $0.37 tipped

No one believed the Doom and Gloom Sayers just before the 2008 financial crisis hit.The world's largest mortgage bankers (Fannie Mae and Freddie Mac) went bankrupt. No one believed something that big could fall apart. But it did.Now there's something...

EXPERIMENT - Tracking Top 10 Cryptocurrencies for Two Years (2018 & 2019) - Month Nineteen - Down 75%

2 weeks ago 4 minute read starthere $4.68 tipped

The Experiment: Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap as of the 1st of January 2018. Think of it as a lazy man's Index Fund (no weighting or rebalanci...

Litecoin halving has arrived

2 weeks ago 4 minute read Bitcoin Babaji $0.29 tipped

The Litecoin halving that has been anticipated for months has come and gone. The next one will be in 1455 days, or around August 2023. This is a built in event that occurs every 840 000 blocks. Price had a nice little pump today to celebrate the even...