In the case of our regular currency, federal banks can print new notes to increase the supply of currency. This is one of the reasons why many Litecoin price predictions are more likely to be positive. This means that it is not only faster to make payments using Litecoin, but it is also much cheaper.
That fee is much higher when transactions are sent using Bitcoin rather than using Litecoin. To make a payment using cryptocurrency, you are required to pay a transaction fee. The maximum number of Litecoins is 85 million. Only a maximum of 21 million Bitcoins can be created. Similar to how the world’s gold supply is limited, so is the supply of cryptocurrency coins. In fact, Litecoin is called “ Lite” coin because it is almost four times faster than Bitcoin.īefore we get into our Litecoin price prediction, lets first explain the differences between Bitcoin and Litecoin.Īnother key difference is the total number of coins that exist. The biggest advantage that Litecoin offers over Bitcoin is speed. It is built on the same blockchain as Bitcoin and can be used to make payments. Just like Bitcoin, Litecoin is also a digital currency. So, what exactly makes Litecoin so popular?Īn ex-Google employee, Charlie Lee, created Litecoin in 2011. Litecoin is the 8th largest cryptocurrency, with a market cap of more than $9 billion. It is difficult to predict the exact future of Litecoin, but we can help you make a better choice. I will cover the basics of Litecoin, and share with you our favorite Litecoin price predictions.
Well, here’s the good news: all your questions I will answer in this guide. While everyone is talking about cryptocurrencies, there are still many questions to answer.Īre you confused if you should invest in Litecoin? Not sure whether the price will go up or down? The cryptocurrency market has experienced various ups and downs over the last year.
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