Litecoin (LTC)

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Average Ratings

Risk?

Measures absolute and relative price fluctuations over several time frames and other variables.

★★☆☆☆
Roi?

Calculates returns in comparison to moving averages and other factors.

★★☆☆☆
Tech?

Measures the ability to scale, upgrade and other technological weaknesses or strengths.

★★★★☆
Team?

Evaluates public acceptance, participation of developers and other key factors.

★★★☆☆
Total
★★☆☆☆

Website:

https://litecoin.org/

Social:

Risk

Litecoin was created with the intention of replacing bitcoin. When one considers that fact and sees the price value of Litecoin, one might think that litecoin is a pretty secure investment. But not so fast. Back in December of 2017, Charlie Lee, the founder of litecoin, said, “I have sold and donated all my LTC… I no longer own a single LTC.” It’s hard to invest in a company whose founder isn’t invested in.

ROI

Besides the huge surge in price in mid-December 2017, litecoin hasn’t led us to believe it can make a methodical price increase. It hasn’t really continued to grow with the general market trajectory either.

Tech

The tech of litecoin is definitely its strong suit. Litecoin is based on an open source global payment network that is not controlled by any central authority and uses “scrypt” as a proof of work, which can be decoded with the help of CPUs of consumer grade. Although Litecoin is like Bitcoin in many ways, it has a faster block generation rate and hence offers a faster transaction confirmation.

Team

The public acceptance of litecoin is variable depending on your role in the crypto world. Investors seem to be skeptical of litecoin on the whole. Developers, on the other hand, are partial to litecoin’s code and possibilities.

Overall

Litecoin, launched in the year 2011, was among the initial cryptocurrencies following bitcoin and was often referred to as ‘silver to Bitcoin’s gold.’ It wouldn’t be fair to say that litecoin has achieved their goal of becoming the undisputed second best cryptocurrency.

Risk

Litecoin was created with the intention of replacing bitcoin. When one considers that fact and sees the price value of Litecoin, one might think that litecoin is a pretty secure investment. But not so fast. Back in December of 2017, Charlie Lee, the founder of litecoin, said, “I have sold and donated all my LTC… I no longer own a single LTC.” It’s hard to invest in a company whose founder isn’t invested in.

ROI

Besides the huge surge in price in mid-December 2017, litecoin hasn’t led us to believe it can make a methodical price increase. It hasn’t really continued to grow with the general market trajectory either.

Tech

The tech of litecoin is definitely its strong suit. Litecoin is based on an open source global payment network that is not controlled by any central authority and uses “scrypt” as a proof of work, which can be decoded with the help of CPUs of consumer grade. Although Litecoin is like Bitcoin in many ways, it has a faster block generation rate and hence offers a faster transaction confirmation.

Team

The public acceptance of litecoin is variable depending on your role in the crypto world. Investors seem to be skeptical of litecoin on the whole. Developers, on the other hand, are partial to litecoin’s code and possibilities.

Overall

Litecoin, launched in the year 2011, was among the initial cryptocurrencies following bitcoin and was often referred to as ‘silver to Bitcoin’s gold.’ It wouldn’t be fair to say that litecoin has achieved their goal of becoming the undisputed second best cryptocurrency.