How is the future of Litecoin?

The experts have predicted that Litecoin has a bright future in 2021 due to all integrations and partnerships that it has made. The Litecoin community is also very active with all the new and upcoming developments. … 2022 is going to be crucial for Litecoin to stay in the race in the highly volatile crypto market.

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How many LTC are mined per day?

Now the mine reward for each block has been reduced from 25 LTC to 12.5 LTC. Given the block production time in the Litecoin network of about one block every 2.5 minutes, about 576 blocks are produced in 24 hours. This reduces the current daily level from around 14,400 LTC to only 7,200 LTC per day .

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Why is Litecoin so cheap?

Maximal coin supply from 21 million (Bitcoin) to 84 million. Change PoW cryptographic algorithm – from sha256 to scrypt. Cut block mining time – from 10 minutes to 2.5 minutes and thus speed—up transaction time. Lower fees – Litecoins fees are cheaper than Bitcoins, but this metric depends on the network effects .

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Will Litecoin price go up?

In 2019, Cryptoground’s litecoin projections suggested that LTC would finish off 2020 with highs of $136.52 – rising to $398.72 by the end of 2025 . CryptoInfoBase was even more optimistic: it set litecoin’s future price at $320 for New Year’s Eve in 2020, and anticipated a dazzling $950 five years later.15 Mar 2022

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