Litecoin: history of the appearance of Litecoin and analysis of the chart for the entire period of LTC

Price today: 139.5950 USD +3.0300

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Recalculation is carried out at the cross rate of the Central Bank of the Russian Federation as of January 13, 2022.

Exchange price

On January 12 at 23:00, the Litecoin price on the exchange averaged 140.7800 USD.
Exchange statistics are updated every hour. On weekends, holidays and at night, the exchange, of course, does not work.

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Litecoin rate

Litecoin cryptocurrency is a more advanced and faster version of the original Bitcoin. The Litecoin payment system is capable of processing financial transactions approximately four times faster than its older brother, Bitcoin. Recall that the Bitcoin network has a throughput of 7 transactions per second, while Litecoin can process 28 transactions in the same unit of time.

A little history

The idea of ​​​​creating the Litecoin payment system came to Charles Lee at the dawn of the development of the cryptocurrency industry. Thus, already in 2013, Litecoin occupied a leading position in the global cryptocurrency ranking. Crypto enthusiasts of that time received the news of the creation of the first serious competitor to Bitcoin with optimism. The fact is that the development of a healthy competitive environment always has a positive effect on the development of a particular industry.

In May 2022, the first Litecoin Lightning Network transaction was made from San Francisco to Zurich, which took less than one second to process.

Litecoin price since inception

Immediately after the release of the coin, its value was $3.4. It is worth noting that until November 2013, LTC was not particularly volatile, but then there was a global jump and the price of one LTC on popular exchanges was $16. After such a huge rally, a rather large-scale and protracted correction followed and in May 2015, LTC found its bottom at $1.5. At this time, the Litecoin payment system network set an anti-record for the number of transactions. During the bear market, the Litecoin blockchain processed very few financial transactions.

After this, the coin rose to $5.5 and the price began to decline again. The largest growth in the history of the Litecoin network occurred between March 2022 and January 2022. At its peak, the cost of one LTC coin was $327. After this, the cryptocurrency rate began to decline again.

It is worth noting that in 2016, Liteok took second place in capitalization, second only to the original Bitcoin. At that time, the digital currency was called “digital silver”, as Bitcoin was called “digital gold”. But the interest of investors and miners in the Litecoin coin gradually declined and the project began to lose its leading position. Litecoin currently ranks seventh in the global ranking of cryptocurrencies.

Litecoin statistics on Neironix.io website

All historical data regarding the Litecoin coin can be found on the Neironix platform. Here you can see statistics on changes in the price of cryptocurrency per day, week, month, year, or since the launch of the network. In addition, on the Neironix.io website you can find out coin quotes on various exchanges.

Should you invest or speculate in Litecoin?

Since its launch, the LTC ecosystem has (or rather existed) an unshakable rule of annual placement for users, the so-called roadmap or development plans for the upcoming annual period. In 2018, for some reason, this plan still does not exist, and therefore this makes users wary.

Although, judging by the current quotes, for experienced traders the current situation is quite comfortable for carrying out short and medium-term transactions. At the same time, you can have very decent incomes given the existing volatility of this crypto asset.

As for investment attractiveness, according to the editors of CryptoPrognoz.ru, in this situation, investing in Litecoin in order to generate income in the future is extremely risky. Future threats are possible, by the way, because the developer of this ecosystem himself got rid of his LTC cash.

In addition, there are not only internal, but also external threats that can have a very negative impact on the situation with the LTC ecosystem. And this is, first of all, tightening the rules for both mining and transactions with crypto assets.

Such restrictive measures have already been taken or are being developed in countries with the largest number of users. And these are China and Japan, as well as the United States and even India, which is rapidly developing its digital economy.

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