Litecoin Price (LTC)
Litecoin Price (LTC)
When we talk about the cryptocurrency, There are so many cryptocurrencies available and there is neck to neck competition in the Cryptocurrency market. Because more and more people are investing in cryptocurrencies and Litecoin is always a forerunner in the market and maintained its position in top 5cryptocurrencies in the market. Litecoin came into existence in 2011 and because of its features and ability to process transactions at fast speed it became the biggest rival of the popular cryptocurrencies like Bitcoin,Ethereum etc. It uses the same blockchain technology of Bitcoin for transactions but the biggest advantage it gained over Bitcoin is it’s speed as it’s more than 4 times faster in speed than Bitcoin that’s why it’s called Lite-coin. It takes only 2.5mins.for transactions.
Litecoin Price INR History
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Litecoin Price History and Analysis
Litecoin Price in India (LTC Price in INR)
Litecoin appeared in 2011 and as a result of it's highlights and capacity to process exchanges at quick speed it turned into the greatest adversary of the prominent cryptographic forms of money like Bitcoin, Ethereum and so on. It utilizes the equivalent block chain innovation of Bitcoin for exchanges yet the greatest favorable position it increased over the Bitcoin is it's speed as it's in excess of multiple times quicker in speed than Bitcoin that is the reason it's called Lite-coin. It takes just 2.5mins. for exchanges.
LTC price in INR in 2017
In August, 2017 the SegWit activated due to that the price of Litecoin in India fluctuated. On 1st September LTC to INR was 5,016. After that the price of LTC in INR started declining and after so many fluctuation in price. It stabilized and at the end of September 2017, The price of litecoin in India was INR 3,381. There was over night up flow in the price of Litecoin and it entered into the last month of 2017 with price of LTC in INR 6,537and kept growing with fast speed and finally reached at LTC to INR 15,169 INR on 31st December 2017. This was an unforeseen rise in price of litecoin.
Litecoin price in INR in 2018
On the 1st day of year 2018, The price of Litecoin in India was INR 14,721.92 and due to the clamp down by RBI the price of LTC in INR started going down and closed the month January 2018 with LTC to INR 10,430.13. The price of Litecoin in India on 1st November 2018 was INR 3674 and It is predicted that Maximum Litecoin price in India for November 2018 will be INR 4181 and while minimum price of litecoin in India will be INR 3255.The change in the LTC rate will be for November -4.7%.
Litecoin price in INR in 2019
In the beginning, Litecoin price in Inr was 2,077.36 and Litecoin price reached maximum of 9,868,00 on 23rd June, 2019 and by the end of the year on 31st December 2019 it slid back to INR 3059.43.
Litecoin price in INR in 2020
on 1st January 2020, Litecoin price started with INR 2946.89 and has reached Highest by far on 15th February 2020 at INR 5934.01 with sliding back to INR 2254.00 on 13th March and recovering at INR 3448.89 as on 1st June
Liteocin is an online network that can be used to send money
It is a decentralized payment system and it is not controlled by any entity or government.
Litecoin generates 84 million currency units while Bitcoin will only be available to 21 million copies.
The speed of its transactions is very fast as the transactions take only 2.5 minutes. In comparison, a bitcoin transaction requires 10 minutes.
Transaction fees of Litecoins are in cents compared to other payment media like credit card companies, bank transactions etc
All transactions have been recorded on a distributed public ledger called blockchain. Blockchain in a simple word is a register which contains all previous records or transactions done at any given time. So we can verify any transactions at any time with the help of blockchain.
Adoption of Litecoin is higher as compared to other cryptocurrency. Litecoin has always been in the top currencies by market capitalization.
Cross-chain atomic swap is used to make transactions across blockchains without using any 3rd party or exchanges which will further reduce the cost and increase the security. Litecoin has been in the market for a very long time. They have a good community with a lot of developers. Compared to Bitcoin, the transaction cost is very less. When the market crashed in 2017 June, Litecoin was one of those coins that did not dip.
Buy and sell Litecoin at the best price in INR
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