Getting to know the coins
Litecoin (
$LTC ) is one of the oldest and most respected cryptocurrencies on the market, created in 2011 by Charlie Lee as an alternative to Bitcoin. To understand what to expect from LTC, it is important to analyze some points:
1. History of Reliability
Litecoin has a solid history of operation without significant interruptions, being known as the "digital silver" in relation to Bitcoin, which is considered the "digital gold". It has survived several crises in the crypto market and remains relevant.
2. Technology and Usability
It is fast and cheap for transactions: block confirmation occurs every 2.5 minutes (compared to 10 minutes in Bitcoin). Many updates implemented in Bitcoin are also applied to Litecoin, such as SegWit and Lightning Network, making it an efficient choice for daily payments.
3. Market Performance
LTC usually follows Bitcoin's movements. If the crypto market is on the rise, Litecoin tends to rise along with it. However, like all cryptocurrencies, it is volatile and subject to sudden fluctuations.
4. Adoption and Partnerships
It is among the most accepted cryptocurrencies by merchants and online services. Recently, the growth of digital payment solutions can benefit currencies with fast transactions, such as Litecoin.
5. Litecoin Halving
The last halving occurred in 2023, reducing the block reward from 12.5 to 6.25 LTC. Historically, halvings have a positive impact on the price, but not immediately. The effect can be felt months later, depending on demand.
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