Litecoin (LTC) Trading Made Easy

Litecoin (LTC) in a Snapshot

• A digital currency that is created, used and stored digitally.
• A peer-to-peer cryptocurrency and open source software project released under MIT/X11 lісеnѕеѕ.
• Used as the lightweight alternative to bitcoin and is built for speed.
• Transactions are secure and 400% faster in generating a block compared to Bitcoin.
• Market capitalisation of more than USD500 million.
• Ability to handle larger volume of transactions.

*Based on Coindesk data dated 11 September 2018

What is Litecoin?

Lіtесоіn (LTC оr Ł [1]) is a рееr-tо-рееr сrурtосurrеnсу аnd open ѕоurсе software project. The crеаtіоn аnd transfer оf соіnѕ іѕ bаѕеd on an ореn source сrурtоgrарhіс рrоtосоl and іѕ nоt mаnаgеd bу аnу сеntrаl authority. It was created in October 2011 by Charles Lee with the intent to improve upon Bitcoin.

Litecoin is generated by mining and is frequently compared to Bitcoin, however, the cost of transaction is around 1/50th of the size and uses only 1/4 of the time. It is designed for simplicity and enables faster payments at a lower cost.

Litecoin can be used anywhere by anyone. The fees are generally lower than those of credit card companies and bank transfers. As more stores accept it for their product and services, it may become increasingly feasible to transact using Litecoin in online shopping.

With an immense potential for growth and potential uses, Litecoin reached its all-time high of $360.93 on December 18th 2017.

Factors impacting Litecoin CFD

Since the value of Litecoin is based on the aggregate demand of crypto-trading platforms like Bitfinex, OKEx, GDAX and Coinbase, it is possible to envision an online shopping platform where the price of products constantly changes to reflect the value of the accepted coins.

For many cryptocurrency traders and users, Litecoin pricing acts more rationally than Bitcoin, and with a more sustainable future.