Litecoin (LTC) is almost an exact copy of the Bitcoin (BTC) network. The Litecoin network was the second-largest cryptocoin, before Ethereum (ETH) took over it's place. It even copied all the imperfections of the Bitcoin, except for two small parts. For instance, a block does not last 10 minutes but 2.5 minutes, also the number of supplies has quadrupled from Bitcoin. In this way, Bitcoin would be useful for large transactions and Litecoin for the smaller ones.
Litecoin stood at number two for a long time before Ethereum took Litecoin's place.
Litecoin's network is almost an exact copy of Bitcoin
The network has 4x smaller block time and 4x more supply. This makes the network useful for smaller transactions.
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Litecoin statistics from the last 24 hours
Why buy Litecoin At anycoin
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Litecoin was introduced 2 years after Bitcoin (BTC) with a starting price of €3.64. Shortly after this, the price shot up 1000% to around €45.00. This followed with a correction which caused the price to reach €10.00.
In spring 2017, Litecoin made another upward move. Thus, the coin rose to the €100.00 mark which triggered a bullish move which pushed the coin through to the €320 mark, which followed with a drop to €20.72.
In 2019, the coin revived. Although the coin did not reach its all-time high, Litecoin managed to reach €125.00 which also followed with a decline.
Litecoin also lived on the bull run in 2020. Thus, the coin rose to €285.00 and then fell again to the €44.91 mark.