Litecoin Price Prediction – Why LTC Is Looking Green As Crypto Market Struggles

Almost all cryptocurrencies have suffered due to the recent crypto market crash in one way or another. Many cryptos are even completely destroyed after the crash. However, Litecoin seems to know how to keep up with the changes in the market.

This article looks at the LTC price prediction to determine why it is looking green as the crypto market struggles. In addition, we also talked about some great alternatives to Litecoin, such as Dash 2 Trade, EraRobot, IMPT& calvaria. So, let’s read more!

Litecoin Brief Summary

Litecoin, Bitcoin’s main rival, was created by former Google employee turned cryptocurrency entrepreneur Charlie Lee. Litecoin was developed to improve Bitcoin in a few crucial areas. Litecoin’s simplified algorithm allowed for faster transactions.

While Bitcoin can only process three transactions per second, Litecoin can process 54 transactions per second. The Litecoin network also allows the creation of new blocks every 2.5 minutes. Litecoin transactions can often be settled instantly using peer-to-peer (P2P) crypto payment networks. However, most Litecoin trades require a minimum of six confirmations before they are considered irrevocable.

To show the company owners that the long settlement time of Bitcoin was no longer a problem, faster transaction times were created.