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HOW TO TRADE LITECOIN!!?? LTC Technical Analysis & Litecoin Price Prediction
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HOW TO TRADE LITECOIN!!?? LTC Technical Analysis & Litecoin Price Prediction

Litecoin is a fork of Bitcoin’s core client, with a few slighty altered attributes. The project began in 2011, launched by former Google employee Charlie Lee. Litecoin is a Proof-of-Work coin. Litecoin offers faster results with shorter block times, which take roughly two and a half minutes (compared to Bitcoin's 10).

The project does this through its mining algorithm referred to as Scrypt. Because of the algorithm, block times and mining difficulty, Litecoin has a max throughput of 56 transations per second. This is considerably more than Bitcoin's 7.

Litecoin is a particularly Strong adopted of Atomic Swaps. With Atomic Swaps, users can instantly perform cross-chain transactions. A little over two years ago, Decred and Litecoin were the two projects that completed the first ever cross-chain atomic swap.

Litecoin is also a really strong adopter of SegWit. SegWit usage on Litecoin is currently at 75% and has increased since last year. LTC devs have been exploring ways to make it Fungible - so similar to the likes of Monero and other privacy coins.

One of LTC Improvement Proposals (or L.I.Ps) presented a few months ago was the implementation of the mimblewimble protocol. This is a pretty advanced protocol that can obfuscate transactions and make them private.


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