Review on Litecoin by Saloote Sakai
LTC
litecoin is now ranked 8th in coinmarketcap, but it is interesting that this currency was released earlier than ethereum. Litecoin was launched in 2011 and is one of the oldest cryptocurrencies.
The number of Coins in this currency is almost 4 times that of Bitcoin, and even if it reaches the total value of bitcoin, it will still be worth a quarter of Bitcoin. More interestingly, in addition to quadrupling the number of coins, even the speed of trading in this currency is 4 times that of bitcoins, which is great.
With bitcoin rising to $ 10,000 yesterday, litecoin reached $ 50, but still much lower than it was in 2018. As a fan of this project, I expect higher prices for this wonderful currency.
I have added the litecoin price chart from 2013 below.
Pros
- More coins than bitcoins
- Higher trading speeds compared to Bitcoin
- It was one of the first coins
Cons
- Its low price makes mining relatively unprofitable
