Litecoin is one of the most prospective cryptocurrencies currently in the market which has been having a good year of performance and market value. While the idea and the concept of Litecoin closely link to Bitcoin, it has measurable advantages over the first ever cryptocurrency when it comes to the speed and cost of transactions. There are many reasons to stay with Litecoin and the followings are the 3 main ones you need to definitely consider:
Litecoin displayed a huge market growth.
The crypto world enthusiasts will remember the huge raise in the value of the cryptocurrency at the end of last year. In December 2017 Litecoin was worth $360.93 which was the highest value for the coin in its history. What was fascinating however is the comparison of this value to the one Litecoin had 1 year before that which was only $4.40. So in just one year Litecoin displayed 8200% rise in the value which is quite rare in this market. Obviously the raise in the value had a great influence on the market value of LTC which in just 1 year was increased by 3,600% reaching up to $650bn.
Litecoin promises to be a convenient tool for the future.
As more and more stores and companies begin to accept cryptocurrencies as a payment method, a convenient and cheap cryptocurrency will be preferred among the users. As already mentioned in the terms of cost and speed LTC has measurable advantages over other cryptocurrencies so it has a good potential for a wider use in the future.
Litecoin can be used from anywhere in the world.
This cryptocurrency was created to give the opportunity to make and receive transactions with the most convenient conditions for everyone from anywhere in the world. As the transaction fees and speed are so much more convenient than in the banking system this transaction method becomes more and more popular.
While a good performance and promising future for the cryptocurrency are good indicators to consider when deciding on making investments there are still lot more to consider here. Meanwhile the listed specialties already give a pretty clear picture on the real value of this quickly-raising young cryptocurrency.