Bitcoin Rate : 550000

Bitcoin Cash Rate : 65350

Ripple Rate : 55

Litecoin Rate : 9500

Dash Rate : 31690

Neocoin Rate : 46.8

LISK Rate : 820.66

Doge Rate : 0.34

DigiByte Rate : 3

Peer Coin Rate : 150

Litcoin Price Today (LTC)

litecoin price

Buy/Sell Litecoin (LTC) :  Lighter, Faster, Better Cryptocurrency for Alternate Economy

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Know about litecoin trading, litecoin price and buy litecoin in a few minutes

Litecoin is similar, but faster, better and cheaper than bitcoin. You can think of buying hundreds of litecoins at the price of a single bitcoin. Also, litecoin trading is now easier as it is accepted by major cryptocurrency exchanges in the world. Working on P2P cryptocurrency principles, litecoin is also an open source project with no central authority. If you wish to start investing in cryptocurrencies, litecoin can be an ideal avenue owing to its faster processing times, larger number of coins available for mining and growing acceptability, worldwide.

The Litecoin Story: How Litecoin came into existence?

Litecoin was created in 2011 by a former Google employee Charlie Lee after taking inspiration from Bitcoins. He refined the basic idea behind bitcoin and created a better hashing algorithm that had the potential to create 4 times more coins than the bitcoin platform at a much faster rate. Litecoin aimed at simplifying the cryptocurrency mining process by decreasing block generation time to 2.5 minutes. This meant faster transaction processing and increased efficiency in terms of electricity consumption during mining. The result was a better and more efficient cryptocurrency in the form of Litecoin.

In 2017, Litecoin emerged as one of the top 5 cryptocurrencies in the world and by Dec 2017 the litecoin price crossed the mark of $370 making it one of the most lucrative cryptocurrencies of all times.

Litecoin Story

Litecoin price soar

What made Litecoin price soar?

There were a number of factors that lead to a rally in litecoin prices. First of all, the growing enthusiasm about cryptocurrencies, globally. Nearly, everyone is trying to build a cryptocurrency portfolio. Moreover, litecoin creator’s public appearance in December 2017 increased interest in litecoins. Litecoin became a hot commodity in a matter of few days and due to its faster processing cycles, soon the market saw huge litecoin trading in a matter of few weeks. This further spiked litecoin prices and made it a promising investment for first time as well as experienced cryptocurrency investors.

Buy litecoin easily through litecoin trading exchanges and platforms

Bitcoin’s steadfast price rise motivated people to look for alternative cryptocurrencies. Litecoin, at the time, emerged as a promising player in cryptocurrency domain. If you wish to invest in cryptocurrencies, you should also think of buying litecoin and start litecoin trading by registering at a cryptocurrency exchange. In minutes, you will get to know real time litecoin price and can take a purchase decision that would be processed immediately owing to litecoin’s fast algorithm.

So, what are you waiting for? Start your investment journey with CryptoIdol and purchase or sell as many as litecoins that you want, in just a few minutes.

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Benefits of Litecoins

No Chargebacks With Litecoins, there is no problem of chargebacks like credit cards.

Minimum Fees Transaction fees are considerably less than charged by credit card companies, traditional bank transfers and also digital payment processors like PayPal.

No Inflation Problem You don’t have to worry about inflation or decrease in value of Litecoins as there are only 84 million Litecoins in circulation

Cheap The number of Litecoins produced will be four times the number of Bitcoins. The limit of Bitcoins is 21 million. So, the number of Litecoins is 84 million. This will make Litecoins to be far-reaching, cheaper and easy to obtain.

Faster Purchases Purchases with Litecoin are faster as the official time to confirm a Litecoin transaction is only 2.5 minutes.

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