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Bitcoin was born as a response to that demand for transparency and fairness. In that sense, some experts expect downside pressure as liquidity begins to be removed from the global markets. In the long term, inflation risk remains as a bullish tailwind for the benchmark crypto as institutional investors and people buy Bitcoin as a hedge against it.
Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies. All Rights Reserved. Advertise Submit a Press Release. Play Now! Tweet Share Share Send.
Could you be next big winner? Reynaldo Marquez. Related Posts. Premium Partners. Top Brokers. Top Casinos. Top Altcoins. December 1, Technical Analysis. Cryptocurrency news. The added protocol has done further good to the entire sustainability of the cryptocurrency giving it longevity and more reliability. Consequently, Litecoin was released by an open-source client on GitHub on the auspicious day of October 07, , with the network going live on October 13 subsequently. Featuring among the top 10 cryptocurrencies in the world, Litecoin is represented with the symbol LTC as the prized digital asset in the crypto market today.
Owing to limited supply and accessibility issues, Bitcoin too had its limitations. This happens to be the core area of expertise for LTC. Litecoin has been at the Center-stage of all crypto transactions and has promulgated better payment systems. Salient features of Litecoin LTC have made a significant difference for investors especially in terms of speed in confirmation and also enormously reducing the transaction fees.
In other words, anyone who is participating in the consensus activity has a chance to write the next block or record on the network. Another major focus area of LTC has been to meet growing consumer demands as per the cryptocurrency market situation by unlocking the power of blockchain especially strengthening global payments infrastructure. Exploiting the power of crypto-asset technology, Litecoin has been successful in drastically accelerating the speed, cost, and trustworthiness of the masses especially in the way they execute transactions.
The lightning speed with which Litecoin processes the transaction makes a prominent difference to the entire ecosystem of payments. On top of it, the available LTC today stands at 84 million thereby coveting the honor of being a highly sustainable medium of exchange. Most of the investors today know their beloved token LTC as a peer-to-peer internet currency facilitating instant, near-zero cost payments.
As a premier organization, the Litecoin team has also naturally assumed corporate social responsibility. Working actively towards this mission is the Litecoin Foundation where expert developers, researchers, and scientists from the entire team of professionals are dedicated to the mission of promoting cutting-edge blockchain technology for the sheer cause of an empowered society.
Especially because they are major drivers of mass adoption, LTC has forayed into many too. Disseminating awareness as well as comprehension on the subject of digital assets, Litecoin Foundation has been aggressive in sealing certain very pivotal nuptials. For instance, Travala, a close Partner of Litecoin Foundation, facilitates hotel booking for all Litecoin holders in more than countries, covering over 82, locations.
The Foundation has also not missed out on signing a pact with certain major fiat-crypto payment processors like Aliant Payments and Coingate. Vide this partnership, Litecoin has become the crusader of making LTC acceptable at Merchant establishments as a payment mode. In order to further leverage fungibility and privacy features, Litecoin has added Mimblewimble, a blockchain design for storing and structuring transactions.
Since Litecoin forks out from Bitcoin, the major price fluctuation patterns of Bitcoin find similarities with Litecoin prices as well. The bull cycle has though, not been aggressive, but has been quite potent for the price of Litecoin LTC. The credit of the price surge of Litecoin is also due to the mining reward event that this digital asset hosted.
The price of Litecoin has been hovering but now staying stable. Pandemic has made most of the cryptocurrencies topsy-turvy. LTC is no exception either but it has survived the vulnerabilities. Hence the price trends are generally showing a slowdown. With the current supply standing around 84 billion, LTC no wonder has garnered a significant market capitalization. Here are many crypto experts who opine that Litecoin has immense potential and encourage investors giving glowing recommendations as below for this digital asset Litecoin has generated a lot of interest since it started being accepted by PayPal.
Wallet Investor. Consolidating trends point towards the fact that there is hope for Litecoin and show it may go on a higher sentiment. Long Forecast. Coin Price Forecast. Digital Coin Price. Trading Beasts. Pandemic has done no discrimination when it comes to currencies.