In times when most people are interested in buying cryptocurrencies, a decision to sell Litecoin (as one of the most promising one) should not come easy. Below, we are listing the advantages of the 6th largest cryptocurrency by market cap – and giving you a solid piece of advice.
So, let’s begin with the following fact.
Many people forget thatLitecoin never had the intention to replace Bitcoin but just to improve some issues Bitcoin had. Last year it proved itself to be a great performer. At the start of the year I believe that each Litecoin was worth somewhere over $4 and now is trending at about $147. When we compare it to other cryptocurrencies, we can see that the growth rate is far better than other performers. However, the gains aren’t gigantic as we know them to be.
The lifetime cap of Litecoin is $84 million coins which mean that it is four times higher than the number of Bitcoins that can be mined. So, when demand increases, a larger supply of Litecoins will meet it. Also, Litecoin is one of the first cryptocurrencies that are suitable to work as a substitute to Euros or Dollars. Other cryptocurrencies are simply a store of value. One key advantage of Litecoin is that it can process block three times faster than Bitcoin and also reward the miners after the mining process that takes about 2-4 minutes.
So, are you going to sell Litecoin now – or wait for better times?
Our advice is to wait and be patient – gains are eventually coming!
In the end…
We still believe that Litecoin is still undervalued in the eyes of investors.
Thanks for reading!
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