How to buy Litecoins in 2021?

Temps de lecture : 4 minutes

Today you have the possibility to buy Litecoins via PayPal, wire transfer or credit card, on Coinbase or any other site that sells them. Simply create an account on a platform that sells cryptocurrency and start investing a minimum of $200 before buying your first LTC token. Keep your LTCs safe and warm in your wallet. There are several types of wallets that you can choose from depending on your personal habits or preferences. The online wallet or hot wallet storage, or the cold wallet with its physical (paper) version offline.

Let’s talk about numbers

Litecoin’s price chart in dollars

Litecoin price chart

Current price of Litecoin

Litecoin is currently worth $174.08 (03/05/2021), a value that is constantly changing. Total supply has reached LTC 66.6M out of a maximum supply of LTC 84M.

Litecoin’s stock price history

  • 2011: it is worth 30 cents of dollars.
  • 2013: worth $2.5 and rises to $50 (in mid-November).
  • 2014: starts at $24.62, ends at $2.72.
  • 2015: fairly stable, increases to $7.5, drops to $3.48.
  • 2016: varies between $2.99 and $5.66.
  • 2017: starts at $4.50, reaches a record $358.34.
  • 2018: reaches $229.03, drops to $30.47.
  • 2019: reaches $141.9, drops to $41.34.2020: fluctuates between $30 and $50 to end at $124.69.

Litecoin stock exchange: what determines Litecoin’s price?

Like all other cryptocurrencies listed on the stock market, the price depends on supply and demand, which are constantly changing. So when demand is high, and greater than supply, the price skyrockets. On the other hand, when supply is greater than demand, the price of Litecoin falls.

What influences Litecoin’s value?

The value and price of the most important crypto-currencies like Bitcoin or Ethereum directly influence the value of Litecoin. The emergence of a new currency and the country’s taxation on stock market capital gains can also swing the trend.

Litecoin’s forecasts and future

It is impossible at this time to define and predict the future of Litecoin with any accuracy. However, on the 10th anniversary of LTC this year, experts are optimistic about the currency’s future.

All about Litecoin

What is Litecoin?

Litecoin (LTC) is one of the many cryptocurrencies on the market today. It is inspired in particular by the model of the leader: Bitcoin. Created on October 7, 2011 by computer scientist Charlie Lee, a former Google employee, it is now ranked 8th in the world.

Litecoin’s features explained

The hash function used is the scrypt, which is the most secure, fastest and most efficient, thus offering the best services. Indeed, this algorithm allows a hash of the passwords of the users’ files in case of cyber attack. Moreover, it allows to design cryptographic keys in order to authenticate or encrypt data. Security is therefore the keyword of Litecoin, to the delight of its users. Moreover, the price of the transaction between the seller and the buyer of the cryptocurrency must be taken into account. Litecoin is made available on the international exchange network with a very low transaction cost, almost zero. One of the other great features of Litecoin is the speed of transactions. In a world where demand is increasingly high and demanding, Litecoin offers the creation of a block in 2 min 30 sec maximum. Bitcoin accomplishes this in four times that time, or 10 minutes.

How does Litecoin work?

Basically, Litecoin works like any other cryptocurrency. All that is required is that the users making a transaction for goods or services both use LTC. Thus, user A’s litecoins are transferred from his wallet to user B’s. Note: 1 litecoin is divided into one hundred million smaller units, or eight decimal digits.

Litecoin blockchain explained

Everything starts with a request for an operation, followed by the creation of a block (a grouping of multitudes of operations waiting to be taken over). When a valid block is created, we talk about mining. Once created, this block is grouped with other blocks and the whole forms the blockchain. Mining is therefore an essential element in the use of your LTC. Each operation request from a user must be verified, the operation is thus put on hold and is stored in a pool. All these elements make up the blockchain.

What is Litecoin used for?

Litecoin can be used occasionally or daily for any type of transaction. Litecoin is perfectly suited for small purchases, so occasional users will be very happy.

What can I buy with Litecoins?

  •  One of the many things you can do with your LTC tokens is transfer money. For a small fee and almost instantly, you can send money to your friends and family, as long as they also have this electronic currency.
  • You can also make online purchases with one click, just as you would with your credit card, on multiple e-commerce platforms.
  • Litecoin has the advantage of being a global and common currency. It allows you to convert a currency from any bank internationally and of any value. In addition, a conversion made with a cryptocurrency is faster and less expensive.

Why use Litecoins ?

Much cheaper due to low transaction costs and no bank fees, Litecoin is a good alternative to using fiat money. Although everything is computerized and digital, you don’t have to worry about the security of your personal data or the storage of your LTC.

Our opinion on Litecoin: is it too late to invest?

One thing is for sure: Litecoin is a secure, very useful and promising currency. So it’s never too late to invest in LTC! This currency has been on the market long enough and has proven itself. And while any stock market transaction is subject to risk, investing in Litecoin today could be very profitable for you, even if you start with a small amount.

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