Litecoin Price – LTC
“Instant, near-zero cost payments to anyone in the world”
Litecoin is a plain-and-simple currency coin that was designed to prevail where Bitcoin tripped up: fast, low-cost payments. If you’ve seen our coin feature for Stellar, you’ll notice the two sound very similar on paper — and that’s because they are.
The coin, whose name is supposedly a play on words, doesn’t bring many new features to the cryptocurrency space. In fact, it was at one point a direct clone of Bitcoin. However, the optimized currency coin certainly offers faster transactions (at less than half the time Bitcoin takes) and cheaper transactions. As such, it’s a popular choice among investors who buy a major coin with fiat currency before trading it out for their desired coin on a dedicated crypto exchange.
Origins and Team
Litecoin was released by Google employee Charlie Lee in October of 2011. As touched on earlier, it started out life as a direct fork of Bitcoin Core. It’s development is headed by the Litecoin Foundation, featuring a handful of personel as detailed here.
The charts go as far back as April 2013 for this ancient coin, when it was valued at over $4 a piece. The price remained relatively stable until November, when it spiked up to $10 before a three-and-a-half year flatline between $3 and $4. It then climbed up to $100 in November 2017 before launching up to over $330 by the years end. It has since followed a steady downtrend with upwards spikes in February and April of 2018.
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