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Review on Litecoin by Bisi Jo
LITECOIN can be used as an intermediate currency. For example, there is not…
LITECOIN can be used as an intermediate currency. For example, there is not always an opportunity to benefit from buying Bitcoin, because the exchangers make a large extra charge, and on the stock exchanges it is necessary to go through a complicated procedure of varication to make it possible to replenish the purse from the card. But having bought LITECOIN in the exchanger at an adequate price (sometimes even lower than the rate), you can easily throw it into the purse on the stock exchange and transfer it to Bitcoin (it turns out more profitable). Many cryptocurrencies imitate bitcoin, such as ETC and other cryptocurrencies, but Litecoin is the most successful cryptocurrency that imitates bitcoin. The current major platforms support Litecoin trading including 58Coin, showing that Litecoin is comparable to Bitcoin in terms of security and recognition.
Pros
- Recently, as Litecoin's price hit new lows and attracted wide attention and discussion, Litecoin changed from 1LTC to 0.051BTC in the glory period to 0.001BTC to 1LTC, a drop of up to 86%, and the market value of Litecoin shrunk by 7.5 times. Compared with NEO , it decreased even more. Big. The market is sluggish, the mining industry is shrinking, and the application scenario is scarce. Feel that Litecoin is participating in fewer and fewer people. The outlook does not look optimistic. Some reasons may need to be explored
Cons
- price fluctuation is much
