Is Litecoin A Good Investment?

Litecoin is one of the oldest cryptocurrencies in the market but still keeps its popularity at a certain level. The cryptocurrency was founded by Charlie Lee in 2013 with the premise of an improved version of the older cryptocurrencies. Despite the introduction of brand new currencies, Litecoin stays in the top ten cryptocurrencies in terms of market cap and it also has gained some attention from investors recently. If you are also asking yourself the question: “Is Litecoin a good investment?”, you can find the answer with the help of all the information given below. 

Why You Should Invest In Litecoin 

While the number of new altcoins keeps rising, the market becomes more and more inconsistent or volatile. However, Litecoin is known as a more stable altcoin with a large market cap and a fully developed structure. Noone can give a certain answer to the question “Is Litecoin a good investment?” since the answer will heavily depend on the personality and priority of the investor. Still, the following features can signal that Litecoin is suitable for many traders. 

  1. Lower fees

Despite the fact that Litecoin is based on a more complex and slightly better technology than the others,  it still offers a lower transaction cost compared to its alternatives in the market. 

  1. Faster transaction 

Can you guess how much time it takes to complete a transaction at Litecoin on average? It is 2.5 minutes and 4 times shorter than Bitcoin. 

  1. More secure

Litecoin’s transaction process is more complicated even though it is faster. This complicated structure prevents cybercriminals to enter into the system easily and makes Litecoin less vulnerable to malicious transactions such as double-spending. 

  1. More flexible

As an open-source platform,  Litecoin makes it easier for developers to upgrade the system with little improvements and catch the crypto market at any time. 

SEE ALSO: HOW TO SHORT BITCOIN FOR A BETTER PORTFOLIO ≫≫

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