Litecoin hits $200!!

4 months ago
67 in litecoin

According to coinmarketcap.com Litecoin is reaching all time highs!

Screen Shot 2017-12-11 at 11.59.51 AM.png

Now if were not aware Litcoin (LTC) was one of the first cryptocurrencies listed on 04/28/2013 according to coinmarketcap.com/historical

Screen Shot 2017-12-11 at 12.02.33 PM.png

However the main difference between Bitcoin and Litecoin is the total supply, which Litecoin is 84 Million and Bitcoin is only 21 Million..

So there is 4x as much Litecoin, but if you have used Litecoin then you know it is very cheap ($0.05-$0.15 in most places) and Bitcoin fees for me recently have been anywhere from $10-$20..

For example if I bought $20 worth Bitcoin on coinbase.com and transferred to my BTC wallet I would end up with about $9 of Bitcoin, but with Litecoin I can buy $20 of Litecoin and move to an exchange for $0.10 cents and then buy Bitcoin from exchanges that offer 0.0001 BTC ($1.67) withdraw fees like Poloniex..

Screen Shot 2017-12-11 at 12.08.34 PM.png

Instead of Bittrex which has 0.001 BTC ($16.72) withdraw fees..

Screen Shot 2017-12-11 at 12.44.42 PM.png

Conclusion


I think we are seeing a surge in the Litecoin price due to not only the cheaper fees and faster transactions, but also with Bitcoin getting so much attention, everyone is starting to look at the other great crypto projects as well!

So maybe Bitcoin is starting to be like the digital Gold that is harder and more expensive to move, and Litecoin is more like the Silver that is cheap and easy to use, however I am still excited to see what Bitcoin will be capable of in the future.. Especially once Bitcoin has the Lightning Network!

Let me know what you think in the comments, and thanks for checking this out.

Post - Vote - Earn :D

Images: 1, 2, 3, 4, 5


Disclaimer: I am not an Investment Advisor, and this is not investment advice. This is for entertainment purposes only!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  trending
57
  ·  4 months ago

Litecoin is definitely doing well.

41
  ·  4 months ago

Litecoin is amazing .
I’m not selling anytime soon !
HODL Litecoin🚀

47
  ·  4 months ago

I. LIKE. IT. that is all.

43
  ·  4 months ago

Litecoin es una muy buena alternativa frente a las otras, principalmente por sus comisiones.

58
  ·  4 months ago

Cheaper costs and high transaction speed. What we need more to transact? They are going to invest in marketing in 2018, let's hodl!

53
  ·  4 months ago

Creo que va a convertirse en la moneda cash para pequeñas transferencias desbancando a Bitcoin Gold o Bitcoin Cash.
Un saludo a todos !!

Y que suba...........................!!!

32
  ·  4 months ago

What is the difference between Litecoin and Bitcoin??? Excuse me for this question!

·
67
  ·  4 months ago

Litecoin is cheaper and faster, and there is 4x as much Litecoin (84M) than Bitcoin (21M).

·
·
32
  ·  4 months ago

Thank you for your answer! But why is bitcoin on the top of the market?? Why Litecoin not?

·
·
·
25
  ·  4 months ago

because bitcoin was the first digitial currency to be build around blockchain technology and it has been around for more than 10 years !!!

72
  ·  4 months ago

Cliff High was saying LTC will be in triple digits, perhaps we'll see $999 soon? haha
Resteemed this one for you.

·
67
  ·  4 months ago

Thank you @heiditravels you are awesome :D
And that would be amazing.. However I need to buy some more first!

65
  ·  4 months ago

It hit 300 before. Gave me so much joy

47
  ·  4 months ago

Woke up to LTC at $335 USD!

40
  ·  4 months ago

Maybe some people are like me. Brand New to Crypto world and I joined coinbase and accidentally bought LiteCoin lol I was trying to buy bitcoin but it wouldn't work so I bought LiteCoin and now i'm pretty happy hahaaa

38
  ·  4 months ago

i'm lost with this ! i will follow you!

53
  ·  4 months ago

i think we should start trading in litecoin

28
  ·  4 months ago

literally bought it when it fell at $250 :))

25
  ·  4 months ago

It has fallen to a great extent since this post!! Is it a good time to buy? Or we shall wait for it to drop more?