Litecoin Price Stability (LTC). Litecoin (LTC) is a peer to peer crypto currency and an open source project licensed under the MIT / X11 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 at most 350 USD per coin.
Reportedly LEE has worked for GOOGLE and COINBASE. He also has experience in IT companies, he worked in some of them for almost 7 years. He was inspired by Bitcoin technology and he became a fan of crypto and developed his own Litecoin crypto (LTC) currency. He gave all his shares in Litecoin and reportedly will leave Litecoin in the future. But he insists and believes that LTC has a bright future ahead of him.
Litecoin (LTC) got a big blow in recent months where its price fell from 300 USD to 80 USD.
From the market, LTC price prospects will not fall again but will likely rise due to the fact that the UK-based platform has just started the market for litecoins. So by adding a new platform that most definitely gives a boost to its volume in the market, so its value will undoubtedly rise. Litecoin is one of the strongest and fastest crypto in the crypto financial market. It has low transaction costs and high processing speed.
Very unlikely LTC will drop to 50 USD and at that point the investor will push the price back up to 100 USD based on the basics.
After recovery begins, it is assumed that LTC will be one of the fastest crypto currency to recover. LTC processes blocks every 2.5 minutes, faster than Bitcoin which processes the blocks every 10 minutes. LTC has a strong blockchain network and functionality is also legit so that it will regain market value and market capitalization.
Litecoin (LTC) uses scrypt in its algorithm, much more complicated. It's much more difficult and expensive to complete, so mining a new LTC is harder than the Bitcoin mining process.
Litecoin (LTC) is currently lying low and its value is down from 80 USD to 78.81 USD. Currently a large number of companies are using Litecoin and we will also witness some serious partnerships in the future, it talks with amazon to convince them to adapt to LTC as a payment method. If this deal is solved then it could be a big boost for Litecoin (LTC) and can start to recover from below@BPI
