Review on Litecoin by Věra Filipová
LTC - faster and cheaper payment option than BTC
This is my preferred altcoin which I personally like more than BTC but it is in shadow of BTC from which is derived from (PoW etc.). It is well suited, traded at many exchanges and has a strong community. I like the transaction speed of LTC and reasonably low fees (app. 0,001 LTC per transaction is fine) even with the higher price levels. There is a nice addition of privacy feature during March 2021 which will make LTC only one top ten crypto with this feature. I am looking for surge in the next month as it will be the part of PayPal for merchants - the cheapest and fastest option there. LTC could easily hit 1000 USD price tag and still be only tenth of BTC market cap. I feel that LTC is not only store of value but can be reasonably used for payments and that is what I am missing with BTC. Nevertheless there are some voices marking LTC as dead but I do not think that at all.
Pros
- low transactional fees
- derived from BTC
- still admired by community
- lot of development
- transaction speed
Cons
- not so popular as BTC
