Should I invest in Litecoin? As of now if you see the recent trend Litecoin (LTC. It is still much easier to mine Litecoin and the fluctuations in it's. I’m Done Mining Litecoin. Litecoin mining is a long term. Especially for mining. LTC is going to keep going up because btc is going to get harder and. 4 Reasons Why Litecoin Could Make a. The percentage gains for moving a smaller cap market like LTC can be much higher. Accumulating litecoin at the bottom of.

Last updated July 13, 2017 Litecoin is a cryptocurrency just like Bitcoin. It can be sent globally around the world almost instantly, for very low fees. History of Litecoin was actually one of the first forks of Bitcoin.

Its creator, Charlie Lee, was a former Google employee and created Litecoin when he got into cryptocurrency. Why does Litecoin have value?

Litecoin has value for many of the reasons Bitcoin has value. The main reason Bitcoin has value is because it’s very useful and scarce. Litecoin is the same. Only 84 million LTC will ever exist, which creates the scarcity. Litecoin is also very useful because it can be sent anywhere in the world instantly for very low fees. Litecoin Mining Litecoin than it used to be.

At the time of writing, Litecoin is about $32. In its early days, Litecoin was very easy to mine because it was cheap and there was no competition. How to Buy Litecoin Litecoin is one of the most popular cryptocurrencies, so it’s actually gotten pretty easy to buy compared to many of the other small altcoins. Is the easiest way to buy bitcoins in the USA, Europe, UK, Australia, and Canada. You can buy with either a credit card or bank account.

If you live in South America, Africa or Asia then the easiest way is to buy bitcoins then convert using Changelly. Litecoin Wallets The number of Litecoin wallets are actually somewhat limited.

Bitcoin is still the only cryptocurrency that people really use on a daily basis. So, the demand is not strong for many Litecoin wallets so not many exist. Probably the best, most feature packed Litecoin wallet is. It is a fork of the popular Bitcoin wallet Electrum. It is open-source software and can be used on Mac, PC, or Desktop. If you want secure storage of your LTC, we recommend using a hardware wallet like the Ledger Nano S or the TREZOR.

Those devices both support litecoins and store the coins offline, and away from hackers or malware. Ethereum ETHg Mining. Both devices are also compatible with Electrum LTC, so you can use that Electrum LTC wallet to communicate with your hardware wallet. Hardware wallets will probably be the best option for you if you serious about long term, secure storage of your litecoins.

Litecoin vs Bitcoin The only benefit Litecoin really has over Bitcoin is that it has more features. Bitcoin miners were blocking a very beneficial upgrade for the system purely to benefit financially. The Litecoin miners also tried to block this update but eventually caved.

The, and it basically doubles the capacity of any network it is activated on. Right now, Litecoin has Segwit activated and Bitcoin does not. Litecoin already had 4x the transaction capacity of Bitcoin, and with Segwit activated it now has 8x more capacity than Bitcoin and potentially more. Of course, not many people use Litecoin at all so this is theoretical. Bitcoin is the only crypto that today has any real usage.

Litecoin is also since blocks are created on average every 2.5 minutes, whereas for Bitcoin the blocks are every 10 minutes. This simply means that you get a lower amount of security faster with Litecoin. Litecoin vs Bitcoin. These two cryptocurrencies are often compared, and for good reason. Exchanges Bitcoin is by far the easiest cryptocurrency to buy. Every crypto exchange supports Bitcoin. Most support Litecoin, but not all., the world’s largest Bitcoin broker, recently added Litecoin which made it very easy for Americans, Europeans, Australians, and Canadians to with a credit card or bank account.

The main problem for LTC, however, is that it is very hard to buy Litecoin with cash. LocalBitcoins, BitQuick, and Wall of Coins are the biggest cash to Bitcoin exchanges and none support Litecoin. Winner: Bitcoin Price The Bitcoin price is obviously higher than Litecoin, and so is its market cap. It may has more room for growth, but that is unlikely to happen unless Litecoin is able to take use-cases from BTC. Winner: Bitcoin Speed The average Bitcoin confirmation takes 10 minutes, while Litecoin confirmations take on average 2.5 minutes. While this makes Litecoin seem faster, you’d still need 4 Litecoin confirmations to reach the same level of security as Bitcoin. With Litecoin’s activation of Segwit, it while Bitcoin does not.

This means Litecoin supports instant transactions, and Bitcoin doesn’t. It’s a close call, but Bitcoin is likely to get these features eventually. Nexus NXS Solo Mining Luck here. Winner: Tie Security Bitcoin’s is far bigger than Litecoin.

Bitcoin mining also seems to be more decentralized than Litecoin. This is not really a close competition. Litecoin’s hash rate will grow if its price rises, but for now Bitcoin simply has a much more serious mining industry behind it. Winner: Bitcoin Acceptance BitPay, the leader in helping merchants accept Bitcoin, does not have Litecoin support. This could change if BitPay added support for Litecoin, but for now Bitcoin is the clear winner here.

Winner: Bitcoin Developers Litecoin has a solid, but not nearly as many as Bitcoin. Also, much of Litecoin’s code is simply just ported over from Bitcoin.

Litecoin has good code, but most crypto developers focus on Bitcoin. Winner: Bitcoin Wallets This is where it really shows that not many people are using Litecoin. There are very compared to how many are available for Bitcoin. Luckily for Litecoin, most hardware wallets like TREZOR and Ledger support LTC.

However, there are not as many iOS and Android wallets available for Litecoin. Winner: Bitcoin Liquidity Bitcoin is available on more markets and is considered the reserve currency of crypto. It is the most stable crypto. Litecoin is probably the second most stable cryptocurrency, but it still does not even come close to matching.

The Bitcoin markets are also very deep compared to Litecoin, and larger trades can be made that don’t move the market as much as they would move the BTC market. OTC markets also exist for BTC, so large buys and sells. While these markets may exist for LTC, they are not as popular. Also, purely by market cap, Bitcoin is much bigger which means it can handle a much larger amount of trade than Litecoin. Winner: Bitcoin Privacy Both Bitcoin and Litecoin have the same privacy features, which aren’t anything special. Running a full node with either coin will be the most private user. Transactions on these coins are public, so anyone can see outputs and inputs.

Product Type: Cryptocurrency Market: Global Currency: LTC Trading Hours: According to market Measurement Unit: Base Currency [Litecoin (LTC)] Description: Litecoin (LTC) is a fully decentralised peer-to-peer (or P2P) cryptocurrency that uses open-source blockchain protocol to facilitate secure payment transactions over the Internet. Similar to Bitcoin, the virtual currency does not have a central authority; its popularity is growing among ecommerce websites and payment service providers.

Litecoin was released on GitHub on October 7, 2011 by Charlie Lee, a former employee of Alphabet (GOOG). Risk Warning and Disclaimer Contracts for Difference (CFDs) Trading CFDs and other leveraged products carries a high level of risk to your capital as prices may move rapidly against you.

Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.. The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.