Litecoin Price Chart, Source: CoinMarketCap The project aimed not only to boost the rate of Litecoin’s price growth but also to promote LTC as a trustless peer-to-peer medium of exchange. In 2016, Litecoin became the second-biggest cryptocurrency, overtaking all existing altcoins at that time. Some of the things they have in common are anonymity, decentralization, the ability to be mined, and the consensus mechanism (Proof-of-Work). As a fork of Bitcoin, the LTC network is based on the BTC protocol. Litecoin used to be one of the first cryptocurrencies people learned of when they entered the market. The LTC network was designed to solve its elder brother’s network problems, such as transaction speed, scalability, and high commission fees for each financial transaction made on the blockchain. Litecoin (LTC) is a decentralized peer-to-peer cryptocurrency created by Charlie Lee, a former Google employee, in 2011. How high can Litecoin’s price realistically go?.Please remember that our LTC price prediction does not constitute investment advice, and you should do your own research before deciding whether it’s a good investment or not. In this article, we’ll take a look at Litecoin’s fundamentals and its prospects as a long-term investment. However, this cryptocurrency is still going strong, and we are very likely to see the price and market cap of Litecoin rise again in the future. Despite having a solid technical foundation, Litecoin doesn’t really have any of those things. Lately, there has been a lot of talk happening about how Litecoin has “fallen off.” Nowadays, all trending tokens are either attached to a strong brand, have a lot to offer besides being a store of value, or are simply quirky enough to be noticed by millionaires. At the moment, it is still ranked among the top 30 cryptocurrencies by market cap. This crypto coin has been active for over nine years now and has managed to be successful for most of this period.
Litecoin has been the third cryptocurrency by market capitalization for a very long time.
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