The listing on newer exchanges:
3. A decrease brings along an increase sooner or laterAlso, since it has fallen by a significant amount, there are high chances that it will recover some of the lost ground. When indeed, it recovers some of the lost ground, it will be providing you with great returns. That is why it is always important to keep in mind that Litecoin can increase significantly from its current levels. Next time when you’re confused about Litecoin, keep these few factors in mind and you will be able to understand why Litecoin will increase in 2019.
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Litecoin Predictions: A solidly built network that oozes potential in 2019Although some altcoins are earning prestige and global relevance with each passing day, Bitcoin is still hands down the most prominent cryptocurrency in a market with increasing appreciation of the benefits that cryptography and the blockchain technology can provide transactions. However, that doesn’t mean that there isn’t space for altcoins to grow, and solidify their spots as successful ventures and companies. Among them, Litecoin seems to be the preferred option for savvy investors in the crypto universe. For reference, altcoins are all the distinct cryptocurrencies from Bitcoin, the industry’s leader since 2009, and Litecoin may the best, most secure, and the one with the most untapped potential. Abbreviated LTC, or Ł, Litecoin can be defined as a peer-to-peer cryptocurrency and open source software project. It functions under the MIT/X11 license, and Charlie Lee created and developed it. As is the case with Bitcoin and most altcoins, Litecoin is a decentralized entity, which means that it functions without a central authority or governance agency. The system allows the creation and transfer of tokens, based on an open source cryptographic protocol. As far as the ledger information, the timestamping scheme is Proof-of-work, and the hash function works around with scrypt. There is a block reward of 25 LTC, approximately until next year, halved roughly every four years. The average block time is 2.5 minutes. Pros of Litecoin
Litecoin is an open source project, which means that it has the capability and flexibility to implement relevant and useful tech improvements, such as SegWit and the lightning network. In that matter, it is an improved Bitcoin version, which is logical since it was a fork of it.
It is considerably faster than Bitcoin, completing transactions in an average of 2.5 minutes, compared to the 10 minutes it takes to perform a similar operation in the latter.
It represents a cheaper option for people looking to perform transactions, with an almost zero transaction fee compared to Bitcoin.
The process of mining can be more straightforward on Litecoin than in Bitcoin (although that concept is debatable,) since it uses the new Proof of Work algorithm.
It was created by a former Google employee, which brings a sense of reliability and trustworthiness to the equation.
It has a less “toxic” community since it doesn’t quite have the reach of Bitcoin.
It is considerably less volatile during market crashes or corrections than some of its peers.
The developers and founders have shown excellent leadership skills throughout time: Charlie Lee left Coinbase as the head of engineering with the intention of focusing full-time on the Litecoin project.
There are atomic swaps between LTC/BTC.
The presence of the Lightning Network, a platform that fosters and promotes faster transactions.
The 84M total supply.
The market cap is very low if you compare Litecoin to other tokens at the top of the market.
Chinese people are fond of it, which is an excellent marketing development since it represents the most significant pool of potential users.
All hardware wallets support Litecoin.
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Cons of LitecoinSince Litecoin is a fork of Bitcoin, or a new version of you prefer the term, it implies that there will be few, if any, new and innovative ideas, which is something that altcoins have to offer. Litecoin market will be somewhat damaged until Bitcoin’s scaling problem is solved.
The people’s perception may hurt the name of Litecoin. Numerous people seem to think that it is the same as Bitcoin. It may be some time if it happens at all before Litecoin reaches the prominence and sustainability that Bitcoin showcases every year.
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