Litecoin

Litecoin

Acronym
LTC
Parent Asset Class

Litecoin is the most popular alternative currency for Bitcoin. Coming two years after the creation of Bitcoin, Litecoin remains one of the top-rated cryptocurrencies in terms of both price and market capitalization. Despite not having the same level of popularity as Bitcoin or Ethereum, Litecoin continues to be a crowd favorite as far as cryptocurrencies are concerned. Today, Litecoin is the sixth-largest crypto with a market capitalization of $5 billion.

Litecoin bears many similarities to Bitcoin, but also has important differences:

  • Transactions are confirmed 75% faster.
  • It has greater liquidity with four times more coins in circulation.
  • It is more resistant to manipulation by miners holding 51% control of the network.