Litecoin ($LTC ), created in 2011 by Charlie Lee, is positioned as the 'silver' to Bitcoin's 'gold.' With faster block processing times (2.5 minutes compared to 10 in BTC) and lower fees, Litecoin has become a popular means for everyday transactions. Its Scrypt algorithm provides greater mining accessibility for average users.
Technical Advantages
- Speed: transactions are processed quickly, which is beneficial for retail payments.
- Low fees: suitable for micropayments and international transfers.
- Long history: one of the oldest cryptocurrencies that has weathered all market phases.
Litecoin was also the first to integrate SegWit (a scaling technology) and conducted atomic swaps, indicating its readiness for innovation.
Growth Prospects
Despite not having the same marketing power as newer projects, Litecoin remains a stable asset with growth potential, especially under the following conditions:
- Integration into payment systems: more and more platforms are adding$LTC as a payment method.
- Increasing institutional interest: large investors may turn to LTC as an alternative to Bitcoin.
- Limited issuance: the maximum number of coins is capped at 84 million, supporting scarcity.
In the long term, Litecoin may solidify its position as a reliable medium of exchange with high reliability.
