Litecoin is a cryptocurrency that was developed in 2011 by Charlie Lee, a former employee of Google. It was designed to offer customers a cheaper way of doing financial transactions in a more efficient way.
The current Litecoin cash price is approximately $175 and is expected to trend higher as the value of the US dollar continues to decline throughout 2021. Investing in Litecoin can be a great way to diversify your portfolio.
While most people are familiar with Bitcoin, Litecoin is becoming more well known. There are many key differences between the two currencies. Litecoin has a much larger number of coins available, which are 84 million coins compared to the 21 million coins Bitcoin has available. Litecoin also generates coins four times faster than Bitcoin. If you are interested in investing in Litecoin, speak to a cryptocurrency specialist.