Will Litecoin Outperform Bitcoin In The Coming Years?

Will Litecoin Outperform Bitcoin In The Coming Years?

2021-09-30 | Selina Mathew

Will Litecoin Outperform Bitcoin In The Coming Years?

Litecoin [LTC] is an altcoin developed back in 2011. Like Bitcoin, it is an open-source global payment network that is decentralized. It is one of the largest cryptocurrencies by market capitalization. It has a faster block generation rate and uses crypt as a proof of work scheme. With over a 35% raise last year, Bitcoin investors have been very enthusiastic about its position in the crypto market. Bitcoin [BTC] has been the largest cryptocurrency ever since it has been launched. Investors and traders are very enthusiastic about the regular growth and profit of the new form of digital currency.  Even though Litecoin was created as an alternative to Bitcoin, it has turned out to be one of its biggest rivals. Litecoin was originally created by Charlie Lee, an ex-google developer. It was supposed to replicate the exact features of Bitcoin for smaller transactions but due to regular growth and improvements in the software, it has come to a point to overthrow its now-rival. Bitcoin and Litecoin are currently in a competitive mode. Litecoin is also referred to as The Silver to Bitcoin as to gold. Clearly implying its worth. Liquidity is extremely crucial in the crypto market, given the extreme volatility of the market. Litecoin is the best for the reliability of the investors because they are well informed of the pros and cons, highs and lows, risks, and benefits of the cryptocurrency. Hence, it is an open-source network platform and decentralized.  Investors are liberal to play with cash flows whereas Bitcoin has some specific norms and regulations which investors find more restricted in cryptocurrency.  Therefore, Litecoin has been more advisable for the past years and will grow more in the upcoming years and surpassing Bitcoin. Moreover, this is the prediction by renowned investors and the historical market price data.  At the reporting time, Litecoin is presently trading at a price of around $150 USD and is 3.25% up. Bitcoin on the other hand was valued at $43,120 USD for the day. Will Litecoin Outperform Bitcoin In The Coming Years?

1-Year Litecoin Price Chart - Source: CoinMarketCap

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