Litecoin digital coin is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. Litecoin was developed by, and is technically almost identical to Bitcoin (BTC). Litecoin digital coin has some technical benefits over Bitcoin, and most other major cryptocurrencies, such as the adoption of Segregated Witness, and the Lightning Network. These effectively allow a greater number of transactions to be processed by the network in a given time, reducing potential bottlenecks, as seen with Bitcoin. The Litecoin digital coin has almost zero payment costs and facilitates payments approximately four times faster than Bitcoin.
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Litecoin Price History
Litecoin’s nick name LTC was launched in 2013 and started open trade in the market on 28th April 2013 with the price at $4.3 USD and the market cap of $73,773,400 USD on the very first day of launch.
At that point the coin was quietly trading with no major changes. The coin was trading from $1.5 to $5 USD at the ending of March 2017. From April 1st, 2017 the coin moved upward and the coin continues to gain value. From April 2017 the coin has traded between the price band of $6.5 USD to $16.5 USD.
Then the coin didn’t go down in price and on 2nd September 2017 the coin moved to a high at $81.78 USD with the market cap of $4,313,174,239 USD. Then on December 19th 2017 it moved to a record high of $366.15 with the market cap of $19,909,059,746 USD.
Positive points of Litecoin
One set back about LTC is the value of Litecoin frequently changes and is very difficult to predict.
An altcoins predicting website Profitconfidential.com claims Litecoin to rise further till $400 USD by the end of 2018 whereas Longforecast.com predicts LTC to range between $64 USD to $82 USD. Known crypto predicting website Walletinvestor.com thinks Litecoin has potential and can soar up to $268.16 USD.