Points in Time
Litecoin at $160.13 on Dec 11, 2017
I remember driving home feeling on top of the world when I heard the news that #CharlieLee was selling all his LTC. I ask myself "Why would he do that?". To make it worst he thought LTC was going to $20. Crazy! Right? Looking back at it now, this was the biggest sign to take profits. From now on I am doing whatever Charlie Lee is doing. #BestPredictions twitter.com/...60192
Ok, sorry to spoil the party, but I need to reign in the excitement a bit...— Charlie Lee [LTC⚡] (@SatoshiLite) December 11, 2017
Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy! 😀
Litecoin at $88.42 on Apr 5, 2019
Today, we are launching Boltz — an instant, account free, and non-custodial digital asset exchange built on top of the lightning network…
Litecoin at $59.15 on Mar 26, 2019
Learn more about the #MimbleWimble protocol which Charlie Lee says will be soon adopted by #Litecoin. Do you know that adoption will automatically scale the network and make on-chain transactions anonymous more like #ZCash and #Monero? Check it out:youtu.be/...abRjc
Overview of Litecoin
Litecoin is a global digital currency based on the blockchain, a technology that powers similar currencies such as the Bitcoin. It was created as an improvement of Bitcoin in certain ways such as the speed of processing transactions which about four times faster with extremely low transaction fees and as such can be said to be a fork off Bitcoin. Litecoin is also open source and its source code is available under MIT/X11 license number.
The total number of Litecoins in its finite coinage is 4X the number of total available Bitcoins. The Scrypt algorithm that Litecoin utilizes also needs less processing power and is churned out every 2.5 minutes using the same Proof-of-Work protocol. There is also greater decentralization of the mining operation but to compensate for the less power needed, more processing memory is needed.
Founder: Charlie Lee
Release Date: October 13. 2011