| Website | Details |
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| Earning Ways: | Cloud Miner |
| Supported Currencies: | BTC, ETH, ETC, LTC, XMR, DOGE, BCH, ZEC, DGB, DASH, PPC, TRX, XRP, NEO, STRAX, WAVES, LSK, ADA, XTZ, RDD, PIVX, VTC, KMD, USDT, ZEN, RVN, BNB, BTT, BCN, SQL, DOT, FEY, SHIB, XLM, AVAX, MATIC |
| Minimum Widthdrawl: | 0.00006115 MATIC |
| FREE Power : | 1.00 GH/s |
| Payouts Via: | FaucetPay |
| Refferal Program | Yes, 10% |
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Cryptocurrency Litecoin rose more than 140% in 2020. In 2021, LTC showed very rapid growth until May; however, due to some external factors, the situation changed significantly. The price of Litecoin has gone through a lot since its launch – up and down. Prices start at around $3 per LTC and have gone through a number of cycles or "alternate seasons". This contributed to a significant price increase before a minor correction occurred. This price correction did nothing to offset Litecoin's strong price trajectory. As for Litecoin's long-term predictions, the outlook shows that Litecoin has potential. Finally, Litecoin closed 2020 at $124.69 (on CoinMarketCap). From December 31, 2020 to May 9 this year, prices rose 211%. After reaching the $400 level, the coin started to fall. From the period 10-23 May it fell 63.26%. Similar to other cryptocurrencies, one of the main reasons for this decline is Bitcoin's overall weakness. In general, similar and close currencies have a close correlation. It is seen that due to the rapid growth of LTC, the coin will experience a decline. Finally, Will Litecoin price rise this year and in the coming years? Let's find out! A Little History of Litecoin Litecoin ( LTC ) is a so-called peer-to-peer digital currency integrated into open source software. Technically, the Litecoin project is very similar to the Bitcoin system. The production and transmission of Litecoin is based on an open source encryption protocol. No central control. With this in mind, all transactions, balances and expenses are managed by a peer-to-peer network. Litecoin is built on a cryptological hash function, which in turn generates blocks. Litecoin can be exchanged for Bitcoin and fiat money. The processing in question is usually carried out via an online exchange (cryptocurrency exchange). Litecoin was created by former Google employee Charlie Lee in 2011. The cryptocurrency is based on the Bitcoin protocol but differs in the hash algorithm used. Apart from that, the differences also lie in capital letters, block transaction times, and several other factors. Litecoin was released via open source on GitHub on October 7, 2011. On October 13, 2011, 5 days later, the Litecoin network went live. Lee's goal is to create a lightweight version of Bitcoin with Litecoin. Developers have always stated that you can think of Litecoin as a silver version of Bitcoin. Litecoin differs from Bitcoin in prioritizing the transaction confirmation rate, which is around 2.5 minutes per block. However, in reality Litecoin users have to wait around 30 minutes for their transactions to be processed due to network congestion. Why does Litecoin have so much potential and LTC is an attractive investment? Litecoin is faster at handling payments than Bitcoin and is an excellent and proven complementary alternative. This is a very cheap and very safe way to make payments especially in the case of microtransactions, such as when paying for a cup of coffee. In addition, the Litecoin community is working on implementing all kinds of new fintech gadgets that are actually aimed at Bitcoin. Litecoin is currently working to implement lightning network protocols and applications for smart contracts and privacy (including confidential transactions & MimbleWimble). Litecoin is light and cheap, but the most important thing is that it is in good hands with fantastic ambitions. Litecoin has a bright future as a classic and reliable altcoin. Most investors see Bitcoin as gold and Litecoin as silver. Litecoin was developed as an alternative to Bitcoin and was developed as a lightweight device that overcomes some of Bitcoin's shortcomings. This is a classic altcoin with more than 6 years of experience and development behind it. Software updates and new technologies can easily be added to Litecoin. Like Bitcoin, there is also inherent scarcity. In total, only 84 million Litecoins can be mined. Litecoin can be considered a much cheaper and faster alternative. In fact, Litecoin is relatively undervalued compared to other cryptocurrencies. Bitcoin is slower and more expensive to use compared to Litecoin. The fact that Litecoin is fast and cheap has its advantages, especially because people in third world countries without bank accounts can still get Litecoin cheaply and quickly. Why is Litecoin rising? Litecoin is a better alternative to fiat money when compared to Ethereum. Ethereum was not developed as money, but it can certainly be used as such. You're better off thinking of Ethereum as crypto gas. Also, Ethereum is a much more difficult concept to understand than Litecoin. Litecoin is simply digital p2p money with scarcity that actually works faster as a transaction medium. This makes adoption easier and does not require much knowledge. Simply install the wallet app on your smartphone, and you will have your own Swiss Litecoin bank account to make transactions in seconds. As the popularity and price of Bitcoin increases and, therefore, transaction costs increase, cheaper and faster alternatives will be sought. It's Litecoin, baby. Other Interesting Facts Litecoin has made a lot of progress and has even been included as a means of payment in Venezuela's main international payment system. Through the Remesas money transfer platform, foreigners can send Litecoins to family members and friends in Venezuela who receive Bolivars in their local bank accounts through Remesas. A 15% commission is charged, which means the government in Venezuela is secretly collecting Litecoin. Another interesting fact is that the Litecoin Foundation owns 9.9% of shares in German bank WEG. The Litecoin Foundation has received this as a donation from Swiss blockchain company TokenPay. Together they own almost a 20% stake in this conservative German bank, primarily a real estate investor. So, Litecoin can be recognized in the long term as a cryptocurrency that makes it possible to buy real estate in Germany? But we were wrong, so let's not get too deep into this issue, look at the price history, and see how the coin develops. Litecoin Price Analysis Even though it wasn't a bullish period for cryptocurrencies until around October 2020, Litecoin performed quite well compared to its competitors. Charlie Lee obviously did very well; he finally introduced secret transactions (CT). Like privacy coins ZCash and Monero, LTC's confidential transactions will prevent substitution, scalability, and privacy issues. The acceptance rate is also quite high. Recently, the Litecoin logo was even advertised in the UFC during the famous fight. This is a really easy-to-see ad. In addition, new shopping malls in Singapore with ATMs that accept Bitcoin and Litecoin have been installed. LTC price predictions are very optimistic according to experts' opinions. Experts expect Litecoin's future to be bright in 2021 due to all the integrations and partnerships. Additionally, the Litecoin community is very active, with all the upcoming developments. They will, of course, keep fans informed. There is clear potential that Litecoin will rise further and is certainly a formidable competitor to other cryptos. However, LTC price will likely remain below $300 and is unlikely to reach the all-time high of $412.96, set on May 10, 2021. What will Litecoin do in the next 5 years? Available 36 coins
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