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Litecoin LTC Review


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Litecoin LTC was created way back in 2011 by Charlie Lee, an ex-Google employee. It was built on the blockchain of Bitcoin itself, with the purpose of improving it.

So, like Bitcoin, Litecoin is also just a digital currency and does not provide a platform for smart contracts.

Litecoin has one of the most popular cryptocurrencies as it has stood the test of time and has been around for over 7 years.

Pros of Litecoin

Litecoin transactions take around 2.5 minutes while it takes 10 minutes to complete a Bitcoin transaction. This is the reason that it is called the “Lite” coin.
Average Litecoin transaction fees are around $0.179 against $1.8 of Bitcoin.
Cons of Litecoin

Except for transaction speed, there is no other offering from Litecoin which can significantly differentiate it from others. It is facing stiff competition from coins that offer privacy, smart contracts, and international payments, etc.
Like Bitcoin mining, Litecoin mining is also expensive and restricted to those with specialized powerful hardware.
Historical performance

Litecoin has been one of the top 10 cryptocurrencies for a long time with a market capitalization of $9.64 billion.

Litecoin had a great 2017 as its price grew from $4 in January 2017 to $350 in December 2017, giving it a return of over 8000%.

Prices of Litecoin dipped as the cryptocurrency market crashed in March 2018. Its price has been moving downwards ever since.

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