Litecoin Price Prediction: Can LTC Hit $1,000? 🚀

18,561 Views · Posted 3 years ago

Litecoin (LTC) is a cryptocurrency that is largely similar to Bitcoin. Fundamentally, Litecoin is also a decentralized cryptocurrency which utilizes similar protocols as Bitcoin except for a few parameter tweaks. Much like Bitcoin, Litecoin also relies on proof-of-work for consensus and operates on a permissionless peer-to-peer network where users are able to transfer funds to one another without the need to rely on any central authority.

Litecoin was created by Charlie Lee in October 2011 as a spinoff of Bitcoin, and is considered as one of the early alternative cryptocurrencies (altcoins). Litecoin aims to be the “Silver to Bitcoin’s Gold” by taking on the best innovations of Bitcoin with a more lightweight approach to achieving Bitcoin’s noble goals.

The first block of the Litecoin network, or the Genesis Block, was mined on the 7th of October 2011.

Web sites:
https://litecoin.org/
https://litecoin-foundation.org/

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Timestamps:
0:00 Why we like Litecoin
5:19 LTC Price Prediction

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References:
https://www.altcoinbuzz.io/reviews/technical-analysis/ltc-price-prediction/
https://www.altcoinbuzz.io/category/reviews/technical-analysis/
https://www.coingecko.com/en/coins/litecoin
https://litecoin.org/
https://litecoin-foundation.org/

Disclaimer:
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

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