litecoin just like as bitcoin using an encryption blockchain. this currency has similar network like btc but charlie lee founder of this coin, has been made many upgrade on that blockchain. it is supplied only two years after bitcoin so this coin is one of the oldest coins on crypto world. litecoin miners like as btc miners will got rewards for generate new blocks. i like this coin, it is affordable and has low fees. actually i do trading for about 2 years and from the beginning this coin was one of the favorite coins for me. i am optimistic about this coin and think it will goes to very higher prices.
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