Litecoin Price Prediction: Today’s LTC Price, 15th Mar 2023

Litecoin (LTC) is a cryptocurrency that takes advantage of the special features of blockchain technology to offer quick, safe, and affordable payments.

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The cryptocurrency was developed using the Bitcoin (BTC) system, although it differs from Bitcoin (BTC) in a few ways, including the hard cap, block transaction timeframes, and the hashing algorithm employed. With a block time of only 2.5 minutes and incredibly cheap transaction fees, Litecoin is ideal for point-of-sale transactions and microtransactions.

On October 7, 2011, Litecoin was made available as an open-source client on GitHub, and five days later, on October 13, 2011, the Litecoin Network went operational. Since then, it has experienced a meteoric rise in popularity and merchant acceptance, and for the most of its life, it has consistently been among the top ten cryptocurrencies by market capitalization.

In that it has many of the same attributes as Bitcoin, but is lower in weight, Litecoin was designed to be a “lite version of Bitcoin” by Charlie Lee, a former Google employee.