What is Litecoin?

Are you wondering what’s trending in the crypto market? It’s Litecoin!

Litecoin is a form of cryptocurrency, a digital currency launched in 2011, that allows you to make cryptocurrency transactions smoothly, cheaply, and quickly. Litecoin is created using a copy code or something similar to the Bitcoin source code (BTC = 1.56%) with a volatile nature. Litecoin is from the first altcoins family, which refers to all cryptocurrencies in the market other than the leader Bitcoin with self-custody. Wondering ‘what is self-custody’? Litecoin is also getting recognised in the crypto market because it has a shorter block time, i.e., every 2.5 minutes.

Litecoin Specialties, Benefits, and Trends

Speciality: Litecoin digital currency is both a cryptocurrency and a blockchain that helps in processing payments easily. It can also be used for investment purposes and is an instrument of speculation based on market volatility. You can simply download a client and become a miner on the Litecoin Network, or you can merely exchange for profit (buy and sell Litecoin).

Benefits: It is a faster approach to making transactions in the crypto world. It has low fees, making Litecoin an affordable method of payment. Litecoin is capable of processing 54 TPS and works on the Scrypt algorithms.

Trends:

• The price of Litecoin is continuously growing with the current conversion rate from LTC to USD, which is $82.62 per LTC.
• Litecoin also has a circulating supply of 7,449,326,5 LTC.
• Currently, the Litecoin market is booming with $6,154,633,528.

How do I buy Litecoin?

Buying Litecoin digital currency is very simple and safe while using the Bitcoin.com Wallet App and Plena Finance. You just need to click a few options to select your preferences on the Bitcoin.com Wallet app or follow the simple buying process of Plena Finance and make payments using your credit card, any payment application, bank transfer, etc. As soon as you make a payment, you will receive your Litecoin in your self-custody wallet.

What is self-custody?

Ever wonder ‘What is Self-Custody?’ in trading. In simple words, self-custody is the concept of being the sole holder of personal digital assets, and only you can access them. In crypto trading, a self-custody wallet refers to the digital wallet that you use to process all your crypto transactions. A self-custody wallet is also used to keep track of and control your digital assets, digital currency, and cryptocurrencies such as Litecoin and Bitcoin in a volatile market. A self-custody wallet is also important for you to manage your trading data and private keys securely with the assurance of a trusted and valid wallet provider.

The Future of Litecoin

The future of Litecoin is secure as the prices are continuously growing and the crypto world is growing at a significant speed. You can securely buy Litecoin from the Bitcoin.com Wallet app and see your digital assets grow in the coming years. According to Coincodex, the future of Litecoin is bright, and it could reach $139.89 to $483.89 by 2030, and according to Changelly, it could be $142.22 and $178.31 by the end of 2025, respectively.

Is a Litecoin investment safe?

Indeed! Litecoin is a safe and beneficial digital currency. The most simple and reliable approach to managing your Litecoin investment is “Buy and Hold.” You should buy and hold Litecoin through spot exchange cryptocurrency and store it using a digital wallet or hardware wallet to reduce the investment risk.