Special greetings Steemiams, am back again to take part in the challenge and Iwould be talking about Litecoin today. Stay tuned as Itell you about Litecoin.
INTRODUCTION
LITECOIN
Litecoin (LTC) is a peer-to-peer cryptocurrency and open-source software project and is an alternative cryptocurrency based on the model of Bitcoin. It was the third cryptocurrency by market capitalization for quite a while now. Litecoin was launched on 7 October 2011 by MIT graduate and former Google engineer named Charlie Lee. Creation and transfer of litecoin is based on an open source cryptographic protocol and is decentralized.
Litecoin was meant to be seconded after bitcoin and was developed with the aim of enhancing Bitcoin's deficiency, and for that is has high trade volume and liquidity over the years.
WHY LITECOIN IS MY FAVORITE
Litecoin is my favorite cryptocurrency for many reasons, I would state those reasons below for your reading purpose and they are mostly compared to bitcoin that it replicates:
Transactions with confirmations are faster and cheaper
Litecoin is listed among other cryptocurrencies on all the major exchanges
Litecoin is affordable and can be bought at a cheap price
Litecoin mining is more accessible to the public and is more democratic for all the involved parties.
Litecoin has a larger number of coins in existence which totaling 84 billion which is about four times of the Bitcoin network production.
MY EXPERIENCE WITH LITECOIN
I came across Litecoin in 2019 when I started third party mining and faucet claims. The Litecoin appears on almost all forms of faucet claims and paid to click Ads, this made me develop the interest in mining and claiming free Litcoins. At some point I have to invest in it and within few month Imade some profit which I used to settle bills.
There are apps and websites were you can mine Litecoin for free and it is withdrawable. These makes Litecoin a recognized and daily transaction coin all over the globe, you can see pictures below:
Litecoin Free Claiming App
These app is used to claim Litecoin every 1 hour.
My Litecoin Wallet On Coipot Site
This site wallets is used to collect some cryptocurrencies from faucet claims.
LITECOIN CURRENT PERFORMANCE
Litecoin has been doing great since its inception on the blockchain and so far you can access it on virtually every exchanges. For the past 2 months, it has risen almost 100% and that makes it good enough to invest in. The current price for Litecoin is;
- Litecoin/Dollar = $75.72
- Litecoin/Naira = #39,007
Despite the fact that the price is quite low compared to its personal advantages over others cryptocurrencies, it is still very valuable and being traded daily.
LITECOIN FUTURE PROSPECT
Litecoin
The future of Litecoin is certain of brightness and for the fact that it is more like a replica of bitcoin, there would come a time when it would rise in value above hundreds of percentage.
MY PLAN
Current I have Litecoin that I hourd on my Trustwallet app and also on my Faucetpay account, Iintend to get more with time as I am beginning to have more interest in hourding cryptocurrencies.
Another cryptocurrency that I love so much is Dogecoin. Dogecoin is an open source peer-to-peer digital currency that is based on Luckycoin (luckycoin is based on Litecoin). Dogecoin is commonly used as a tipping service were users tip other users for posts or contributions that they believe needs to be applauded.
- Dogecoin/Dollar = $0.003433
- Dogecoin/Naira = #1.03
For more information about cryptocurrencies and their market capitalisation, check here
CONCLUSION
Litecoin
And these is it for my review on Litecoin, I hope you understood why I like Litecoin and also why you should invest in it. Litecoin is one of the oldest coin and has kept to standard of great cryptocurrencies.
So much thanks to
@steemitblog for the steem crypto challenge, thanks also to
@steemcurator01 and
@steemcurator02 for the unending support.
@iamlynxie
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It has low fees, faster transactions and has more friendly development team as Bitcoin. But recent market fluctuations strongly damaged the price of Litecoin. The coin’s price decreased almost 5 times over the course of 2018. Still, it looks like the recent drops of the price made the coin a perfect asset to invest in and gain profit.
Yes very true, I believe that Litcoin is still going to gain value and rise above it's highest peak ever.
And now is the best time for anyone to invest Litecoin, soonest it is going to be at it's peak.
#twopercent #nigeria
Thanks
De Nada.
Good write up the litecoin master. You've explained the currency exchange and it's values so we'll and it shows how you love the litecoin. I have actually gained knowledge reading this post. I will find out it's availability in my country and see how to use it too. Thanks for sharing @iamlynxie
#twopercent #cameroon
I am glad you gained something from my entry, Litecoin is a reliable cryptocurrency to trade and invest in.
Thanks for reading through @tenguhatanga, I am sure you can trade it in your country.
#twopercent #nigeria
Good write up, lite-coin will boom like bitcoin someday that's my thought, mark my word people
#twopercent #nigeria #affeble.
Yes very true, I see that coming to reality as well. Thanks for reading through @kingcent.
#twopercent #nigeria
Thank you for taking part in the Bitcoin is Booming Crypto Challenge.
Keep following @steemitblog for the latest updates.
The Steemit Team
Thank you @steemcurator01 for the upvote and the comment, I look forward to more engaging contest from you.
I would keep following @steemitblog for latest updates.
#twopercent #nigeria