Is Litecoin a Better Investment Option over Bitcoin?

[naitik01]

Litecoin is the best coin that is among the top 10 cryptocurrency. The value of litecoin has reached $ 150, which is considered to be a better and beneficial for investors.

[msz900]

While comparing LTC with lower coins like XRP, TRX, Dogecoin, I recommend investing in the lower coins instead LTC but if you compare LTC with BTC then LTC is quite an affordable option for any user.

[rizqillah]

While comparing LTC with lower coins like XRP, TRX, Dogecoin, I recommend investing in the lower coins instead LTC but if you compare LTC with BTC then LTC is quite an affordable option for any user.

Yes, litecoin price is lower than bitcoin, But I think I am not agree litecoin is a better investment over bitcoin. Bitcoin is still the best investment now. Many people already bought more and invested in bitcoin. Litecoin is one of the choice for long term investment. It is good coin.

[Crypto Banglu]

I think light coin as a long term investment can never be better than bitcoin. Because the popularity of Bitcoin is much higher. Those who had invested in Bitcoin a few days ago are now getting eggplant profit. I have invested in light coins, but I haven't seen much progress in light coins. But I hope the light coin will progress.

[legend45]

While comparing LTC with lower coins like XRP, TRX, Dogecoin, I recommend investing in the lower coins instead LTC but if you compare LTC with BTC then LTC is quite an affordable option for any user.

Yes, litecoin price is lower than bitcoin, But I think I am not agree litecoin is a better investment over bitcoin. Bitcoin is still the best investment now. Many people already bought more and invested in bitcoin. Litecoin is one of the choice for long term investment. It is good coin.

Yes , I agree , Litecoin is not better over bitcoin. I think bitcoin is still the best and most popular than other. Litecoin is one of my favourite coin for long term investment beside waves and Tron. I think they are very potential coin.

[nakmantu99]

~ Litecoin is not better over bitcoin. I think bitcoin is still the best and most popular than other. Litecoin is one of my favourite coin for long term investment beside waves and Tron. I think they are very potential coin.

Yes, I see. Litecoin is not better than bitcoin. Bitcoin is still teh best of crypto currency, I think litecoin will take several years again to compete for top three coin, But will not beat to bitcoin
 Believe it

[Bitdog]

Litecoin is a potential altcoin but it not equal to bitcoin it not a competitor of the bitcoin but litecoin is a potential altcoin for investments if you hold it it will give big profits but bitcoin is King of the cryptomarket still it domination is too high and it's price is too high than litecoin.

[doc]

Litecoin is a potential altcoin but it not equal to bitcoin it not a competitor of the bitcoin but litecoin is a potential altcoin for investments if you hold it it will give big profits but bitcoin is King of the cryptomarket still it domination is too high and it's price is too high than litecoin.

Yes, I agree litecoin is not competitor of bitcoin.It is so far . Bitcoin is biggest communities and has high demand. I think litecoin will be more popular at the next several year again. So let's see the progress of litecoin at the coming future.

[dekafee79]

Litecoin is a potential altcoin but it not equal to bitcoin it not a competitor of the bitcoin but litecoin is a potential altcoin for investments if you hold it it will give big profits but bitcoin is King of the cryptomarket still it domination is too high and it's price is too high than litecoin.

Yes, I agree litecoin is not competitor of bitcoin.It is so far . Bitcoin is biggest communities and has high demand. I think litecoin will be more popular at the next several year again. So let's see the progress of litecoin at the coming future.

Yes, you are right It is so far.  Bitcoin is the best of crypto currency, Currently others coin  can compete to bitcoin. So don't compare litecoin to bitcoin. In my opinion I think Ethereum is the best competitor for bitcoin. But Not for now.

[Hisbullah]

While comparing LTC with lower coins like XRP, TRX, Dogecoin, I recommend investing in the lower coins instead LTC but if you compare LTC with BTC then LTC is quite an affordable option for any user.

I think your opinion depend how much the price. Not how the chance. I think bitcoin is still the best of  crypto currency, But If you want hold for long term..I think litecoin is the best choice to do. That's my opinion

[satpol_PP]

While comparing LTC with lower coins like XRP, TRX, Dogecoin, I recommend investing in the lower coins instead LTC but if you compare LTC with BTC then LTC is quite an affordable option for any user.

I think your opinion depend how much the price. Not how the chance. I think bitcoin is still the best of  crypto currency, But If you want hold for long term..I think litecoin is the best choice to do. That's my opinion

In my opinion, litecoin is also good for daily trading, beside for long term investment. I see many people prefer in long term investment, but I personally prefer used litecoin for my trading. It is really suitable.

[MUGNIA]

try not to compare it with bitcoin, try another coin. If you compare it to bitcoin, it is clear that LTC is far from bitcoin, because Bitcoin has always been the asset of choice for investment for obvious reasons, it is safer, better known, bigger and has a greater opportunity for global adoption and utilization compared to other altcoins.

[saidul2105]

Litecoin is one of the first Bitcoin forks which were launched in late 2011 by former Google and Coinbase engineer Charlie Lee. To create this crypto, Lee copied the Bitcoin codebase, increased the total supply, and increased the speed at which new blocks are added to the blockchain. It was mainly constructed as a lighter alternative of BTC, but a faster and scalable one. Additionally, LTC encryption techniques are used for two critical features:

To regulate the generation of LTC units
To verify the transfer of funds and secure transactions network

WHAT IS LITECOIN VALUE?

LTC is one of the top-10 cryptocurrencies listed in Coinmarketcap.com. It is traded around the globe with the most common trading pair being Bitcoin (LTC/BTC), Tether (LTC/USDT), and (LTC/INR) in the Indian scenario. Just like BTC, Litecoin prices are also determined by the markets’ perceived value by supply & demand

At the time of writing, the price of 1LTC is $48.3 which is Rs.3556.60 in the INR market. Here the value is fully determined by the market forces

Litecoin Price Prediction 2020
 
Currently, LTC is trading within a massive symmetrical triangle. A breakdown could plummet LTC’s prices to below $20, while a breakout would propel litecoin’s value towards its all-time high. Before it reaches there, it will have to hold a value of $150 with resistance. At this point, the digital asset topped out ahead of its halving in 2019. The coin is likely to reach a peak of $150 in 2020.

Litecoin Price Prediction 2021 – 2022
 
If Litecoin can maintain to hold over its long-term downtrend line, it is believed that targets would put LTC’s value somewhere between $500 and $1500 per coin before the end of 2022.

Litecoin Price Prediction 2023 – 2025
 
A long-term bullish pitchfork channel has made a prediction that each litecoin can worth over $13,000 from 2023 to 2025. This would put the coin’s capitalization closer to silver and make it a more likely digital counterpart.


What's the Difference Between Litecoin and Bitcoin?
Even though Litecoin and Bitcoin are similar in many ways, there are a couple of major differences between the two coins. Some traders say that if BTC is the equivalent of gold, LTC can be compared with silver. This is exactly what the developer of Litecoin had in mind while creating it. Both the coins do share many similar characteristics, and LTC is similar to BTC except for a couple of differences:

Litecoin offers faster confirmation: Litecoin’s Network aims at creating a new block every 2.5 minutes, as compared to that of Bitcoin’s processing rate of 10 minutes, which its developers' claim allows for faster transaction confirmation. A major drawback is the higher possibility of orphaned blocks.

Litecoin uses a different hashtag algorithm: LTC uses a consensus model called Proof-of-Work, or PoW for short. Although Bitcoin also uses the same network (PoW), there exist slight differences between the two. BTC uses something called SHA-256 hashing. However, the Litecoin’s blockchain is different, as it uses a script algorithm.

The Litecoin Network will create more coins: Litecoin will create 84 million Litecoins or four times as many currency units in comparison with what will be issued by the BTC Network.

How to Trade Litecoin?

You can buy Litecoin from any coin trading platform that supports cryptocurrency trading. In India, many exchanges support LTC trade as an option. It is advised to research thoroughly about the policies and LTC Prices across different crypto trading platforms. Look for platforms which :

Provides security to the account and the custody of Digital Wallets is given to clients.
Major and convenient modes of payment to purchase cryptocurrency in India.
Receiving and transferring of cryptos instantly
Lowest maker and taker charges
Responsive & effective customer support and dedicated Indian community on telegram/twitter/Facebook for Indian users,
The spot to futures market options with great liquidity to trade your purchased crypto.

One can easily create an account on any trading platform in India. Let’s take an example of PCEX Member, which is one of the most prominent crypto trading platforms in India. With zero makers and taker fee, this coin trading platform provides full custody of digital wallets to their clients. Also, a 5 layer security system protects the account of users thus making it a safe & secure platform for trade. Create an account, complete KYC, and link your bank account to start trading in the world’s most profitable market.

In my opinion, Litecoin is a good coin for long term investment, it's very potential and suitable for long term investment but not over Bitcoin.  Because Bitcoin is the king of all coins in crypto. I hope, it will be always king in crypto.  So, I don't compare Litecoin with the king Bitcoin.                         

[Ak600]

Thank you for creating a beautiful topic.  I learned something good from you about light coins.  But I would also say that light coins are very safe for traders.  And the highest pair is Bitcoin with Light Coin.  You made the right comments on this topic.  Thank you

[raisajahan]

Bitcoin has more supportive, broader adoption. But Litecoin is cheap, faster and still has plenty of value. Like gold and silver it doesn’t matter if you invest in Bitcoin or Litecoin. They are also both great to trade and can be even more profitable with proper risk management and skills.