Litecoin is an open source software project with peer-to-peer characteristics. This altcoin has been the industry leader since 2009 and has the reputation as the most secure cryptocurrency with unexplored potential.
Litecoin creator Charlie Lee sold all of his holdings in December last year. He’s now regretful about his decision but thinks this was the right long-term move as he tried to make Litecoin a truly decentralized cryptocurrency.
Litecoin has lost more than half of its value since its peak times, but here are some indicators that this cryptocurrency is poised to reach new highs:
On the negative side, you should be aware that Litecoin market development will be somewhat limited until scaling issues are fully resolved.
Regardless of what your position on Litecoin is, and whether you think this cryptocurrency is poised for new highs, exercise caution before making any speculative bets!
To get the latest price and news about Litecoin, please visit Finstead and type “LTC.X price” and “LTC.X news”.
Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at firstname.lastname@example.org.