Similar to other cryptocurrencies, one of the big reasons for such a fall is the overall weakness of Bitcoin . In general, similar and close currencies have tight correlations. It could have been seen that due to the fast growth of the LTC, the coin would have declines.
Read moreHow can I get free Litecoin?
How to Buy Litecoin Summary
Read moreIs Litecoin com legit?
No , Litecoin is not a scam. Litecoin is capable of doing everything what bitcoin can do. I will say it is an improved version of bitcoin. Litecoin can confirm transactions much faster than bitcoin, typically 4 times faster.
Read moreWho made LTC?
Litecoin (LTC) is an alternative cryptocurrency created in October 2011 by Charles “Charlie” Lee , a former Google engineer. Litecoin was adapted from Bitcoin’s open-source code but with several modifications.
Read moreWhat is the highest Litecoin has ever been?
Litecoin Historical Price Data Litecoin’s supply is hard-capped at 84,000,000 LTC , with 66,752,414 LTC in circulation. In 2017 Litecoin reached its all-time high of $417 on Coinbase before falling back down to roughly $20.
Read moreDoes LTC have a max supply?
Litecoin has a maximum circulating supply of 84,000,000 LTC , which is four times larger than Bitcoin’s maximum circulating supply of 21,000,000 BTC.
Read moreWhat is Litecoin backed by?
Litecoin’s network offers instant, near-zero cost payments that can be conducted by individuals or institutions around the globe. Bitcoin, Litecoin, and many other cryptocurrencies use the proof-of-work (PoW) algorithm to secure their networks.
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