The creator Charlie Lee, sells his Litecoin

Little by little, criptodivisas begin to stop being a novelty. The boomof Bitcoin and the consequent of many other virtual currencies has managed to place on the map some of those that have been present for years but that, until now, had remained out of the massive focus of looks. One of them is the Litecoin, another of those that, not surprisingly, have begun to increase their valuein recent weeks.

Litecoin is a coin based on blockchain created by Charlie Lee in 2011 and that, in general, bears much resemblance to Bitcoin, in the same way as many other currencies that exist today. Historically, Litecoin has been a currency that has moved in tiny prices since its inception , not having been until this last month when its valuation has begun to rise to levels that have managed to place its name on the radar of investors.

If we speak in figures, this increase translates into an increase close to 350 percent in the last 30 days. The value of each currency is also located above 300 dollars, with a market capitalization that is already around $ 18,000 million and places Litecoin among the five largest cryptocurrencies worldwide , along with Bitcoin, Ethereum , Bitcoin Cash (recently added to Coinbase) and Ripple.

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What is special about it?

Just as Ethereum has a fairly attractive profile and characteristics with respect to Bitcoin, Litecoin does not have a significant differentiation that allows us to value this currency in a particularly special way. It is necessary to point out, however, that the speed of the transactions carried out is notably higher , making transactions with it easier. This serves the original idea of ​​creating a lighter and more abundant currency that went to Bitcoin what silver is to gold.

In this allegory, the reference to abundance comes from part of the total number of coins that Litecoin may have . While in Bitcoin the total amounts to 21,000,000, in this other currency the amount amounts to 84,000,000, quadrupling the first. What will happen once the top of mined coins is reached is still an unknown quantity of which nobody dares to make predictions.

Present and future of Litecoin

Like almost all currencies at this time, Litecoin is currently considered a long-term investment from which to make a profit if the value goes up. At the height of cryptocurrency this is something of the most natural, making today a lot of purchases in this currency without any purpose beyond that of being able to sell it in the future at a higher price , which has been propitiated in this case for the relatively low value with respect to other of the main ones.

As for the future, it is difficult to predict even what will happen tomorrow, so much more in the long term. Lee himself warned a few days ago that, if the predictions he and his team expect for 2018 are met, it will be a year of ups and downs for Litecoin , so the value it reflects now may not mean much. here a few months. It is not the first to warn potential investors about acting with caution when it invests in cryptocurrencies due to its high volatility, having also published messages on the subject such as Coinbase .

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