Bitcoin showcases every year. 2017 was a crucial year for Litecoin. Enter Litecoin (LTC how Does Litecoin Compare To Bitcoin What Are The Differences? The last reason presaging future success for Litecoin is the media attention that it has begun to get recently. Supply and demand are what these currencies are based. Despite a pullback yesterday from highs, price surged past yesterdays high today showing traders willing to accept higher valuations. Both of them share the same codebase, are deflationary and use proof of work mining, for example. You have to go through Bitcoin to get it and go through Bitcoin to cash out to local fiat based money! The currently reviewed system implements scrypt in biggest exchanges bitcoin its proof-of-work algorithm, which is mostly a sequential memory-hard function that needs more memory than a not memory-hard algorithm. Litecoin 4-Hour Chart Source: m, the previous 4-hour candle closed as a Doji candle. Michael LaVered of cryptocurrency news site Oracle Times says Litecoin could potentially overtake in bitcoin in price as the latter is having difficulty scaling to the level needed for general commerce with high fees and longer transaction times.
Bitcoin, Litecoin Price in USD historical chart.
Transactions Block Size Sent from addresses Difficulty Hashrate.
Price in USD Mining Profitability Sent in USD Avg.
It represents a cheaper option for people looking to perform transactions, with an almost zero transaction fee compared to Bitcoin. If the price drops, it will likely meet support at this point.
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