How to start trading Litecoin (LTC) with Capital.com?
Then you need to make a deposit to your account before starting trading Litecoin (LTC).
You can log in to the Capital.com trading platform anytime, anywhere to participate in Litecoin CFD transactions.
Why invest in Litecoin (LTC)?
Litecoin, LTC is a popular cryptocurrency after Bitcoin, founded in 2011 by Charlie Lee. Litecoin is a peer-to-peer electronic cryptocurrency with agile operation and low cost. It is one of the top five cryptocurrencies with the highest market value.
The creation and transfer of Litecoin (LTC) is based on an open source encryption protocol and is not managed by any central authority. Litecoin is different from the blockchain used by Bitcoin, so it is not a hard fork of Bitcoin (a permanent divergence of the cryptocurrency blockchain), but one of the forks of the Bitcoin network. The difference between Litecoin and Bitcoin is that the former has faster block growth, higher token supply, and different functional algorithms.
Litecoin is more like a complementary version than a competitive version of cryptocurrency to Bitcoin, and sometimes it is like silver to Bitcoin gold. The reason for saying this is that Litecoin has faster operation speed, lower transaction fees, and larger one-time transaction volume. In addition, the transaction value stored in shorter blocks is relatively small, which also offsets the security risks caused by short blocks.
The advantages of Litecoin (LTC) are rapid processing, quick response, and relatively low price transactions. Relatively speaking, Bitcoin is more suitable for high-value transactions with safety first and transaction speed second. This is why Litecoin and Bitcoin are a pair of complementary cryptocurrencies.
What is Litecoin? What is cryptocurrency?
Litecoin (Litecoin/LTC) is a faster and more affordable payment token compared to Bitcoin. Because of its smaller transaction value, it has become a complement to Bitcoin transactions. Cryptocurrencies can be divided into the following two types: one is public tokens, which are used to obtain the service use rights of projects and security tokens or to replace the value of the underlying assets; the other is payment tokens, such as Litecoin (LTC).
Encryption currency is a digital asset that acts as a medium of transaction. Encryption technology is used to ensure the security of transactions, control supply and guarantee transfers. In short, cryptocurrency is a decentralized electronic currency. All kinds of cryptocurrencies can be stored in “electronic wallets”. For example, you can deposit Litecoin (LTC) in an online or offline e-wallet, or even store it in hardware.
Litecoin Price History
In October 2011, then at Google released a trading company Charlie Lee faster, lower cost litecoin, aims to provide services for users of small transactions. In November 2013, the value of Litecoin experienced a substantial increase, and it once doubled in 24 hours. As of the end of November, the market value of Litecoin reached $1 billion. In December 2017, Lee announced the sale of almost all Litecoin assets due to a suspected conflict of interest. He has been accused of deliberately publishing news about Litecoin for his own personal gain, because the information he revealed stimulated the price of LTC to rise.