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What is Litecoin and what do we know about it?

But what is it and what do we know about Litecoin? Litecoin is a peer-to-peer (P2P) cryptocurrency and a public blockchain network. It represents an open-source project similar to Bitcoin but using a different cryptographic algorithm.

What is the potential low of Litecoin?

According to Primexbt, the potential low of Litecoin will be around a couple of thousand dollars. However, the potential high is terrific – around $10,000. Litecoin has plenty of features such as price and transaction speed so it might take its niche on the cryptocurrency market. Litecoin Price Prediction 2030

What is Litecoin blockchain?

Litecoin Blockchain It is a decentralized peer-to-peer cash system which removes the need for a 3rd party to carry out a transaction. Just like Bitcoin, Litecoin has a Proof of Work consensus protocol and its hashing algorithm is called Scrypt.

What is the future of Litecoin (LTC)?

Their price prediction sees the coin’s price doubling in value over the next five years. GOV Capital also has a positive outlook on the future of Litecoin. Although they are bearish on it in the short term, they expect LTC to start rising again sometime next year.

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