Litecoin (LTC) is the currency of the crypto peer to peer and open source project licensed under the MIT/x 11 license. This is a decentralized network. It was released by Charlie Lee on October 7, 2011. Litecoin market capital crossed 1 billion USD in November 2013. Litecoin has reached the most 350 USD per coin.
LEE reportedly had been working for GOOGLE and COINBASE. He has also been experienced in the IT company, he worked on several of them for almost 7 years. He was inspired by the technology of the Bitcoin and he became a fan of crypto and crypto currency developed his own Litecoin (LTC). He gave all of his shares in Litecoin and reportedly will leave Litecoin in the future. But he insisted and believe that LTC has a bright future ahead of him.
Litecoin (LTC) received a major blow in the last few months in which the price fall from 300 USD into 80 USD.
The prospects of the market, the price of LTC will not back down again but will likely rise because of the fact that the platform based on the United Kingdom market was just starting to litecoin. So by adding a new platform that is most definitely give a boost to volumes in the market, so that its value will undoubtedly rise. Litecoin is one of the strongest and fastest crypto in financial markets crypto. It has a low transaction fee and a high processing speed.
It is very unlikely the LTC will drop to 50 USD and at that point investors will push the price back up to 100 USD based on fundamentals.
After a recovery begins, it is assumed that the LTC will be one of the quickest crypto currency will recover. LTC process blocks every 2.5 minutes, faster than the process the Bitcoin bloknya every 10 minutes. LTC has a strong blockchain and network functionality is also valid so it will regain its market capitalization and market value.
Litecoin (LTC) using scrypt in algorithms, much more complicated. This is much more difficult and expensive to accomplish, so dig a new LTC more difficult compared to the process of mining the Bitcoin.
Litecoin (LTC) currently lying low and its value declined from 80 USD became 78.81 USD. Currently a large number of companies use Litecoin and we will also witness some serious partnership in the future, it speaks with amazon to convince them to adapt to the LTC as a method of payment. If the deal is completed then it could be a huge boost for Litecoin (LTC) and can begin to recover from the bottom.