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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Why is LTC dropping?

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.

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