Litecoin price | bio | how to buy Litecoin

Litecoin price | bio | how to buy Litecoin

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What is Litecoin?

Litecoin is peer-to-peer, decentralized cryptocurrency released in October 2011 by Charlie Lee under MIT/X11 license. As many of you know that Bitcoin is based on an SHA-256 algorithm, Litecoin uses the comparatively new method 'Scrypt', which is less complex than Bitcoin. Thus Litecoin takes less time Than Bitcoin to transfer. Litecoin has gained market attention due to higher market price.
As Litecoin is an open source software project based on the Blockchain module, this ensures that Litecoin is protected against inflation. As Charlie Lee said, there are only 84 million Litecoin that can ever be mined. Roughly 54 million are already in circulation till the date. As Mr. Lee Explained, Litecoin was created for purpose of making trade and transactions faster for sellers and buyers.
The best thing about Litecoin is it takes only 2-2.5 minutes to process a block while Bitcoin takes 10 minutes. So if you are more risk-taking then Litecoin is a great option for you!

What is the Price of Litecoin?

1 Jan, 2017- $4
1 Mar, 2017- $8
1 May, 2017 -$16
1 Jun, 2017- $25
1 Jul, 2017- $41
1 Aug, 2017- $43
1 Sep, 2017- $85
1 Oct, 2017- $54
1 Nov, 2017- $53
1 Dec, 2017- $99
18 Dec, 2017- $360.66      Highest

Market Capacity of Litecoin is $17 B until today. As above you can see Litecoin is growing very fast in the market. So this is Time to invest in Litecoin!

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So now

how to Purchase Litecoin?

You can hold Litecoins by mining them, using the computing equipment. However, Litecoin has a less developed infrastructure than Bitcoin, that means they are hard to purchase. You can mine Litecoins on different sites online which gives you the option of mining. You can visit www.litecoin.org for more information. Purchasing can be done at exchanges also, where you can buy and store as well. If you want security then you can store Litecoins in secure wallets.
Now, there are some more options where you can buy Litecoins using Bitcoin, Perfectmoney, Cash transfers or using your credit card.

Coinbase

Coinbase is a User-friendly site where you can buy Litecoins. This is one of the Most Popular Exchanges for users to buy and sell altcoins. Minimum purchase is $1. You can purchase by credit card or online transfer.
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Bittrex

Bittrex is the go-to spot for traders who demand lightning-fast trade execution, stable wallets, and industry-best security practices. Whether you are new to trading and cryptocurrencies, or a veteran to both, Bittrex.com was created for you!
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GDAX

GDAX offers institutions and professionals the ability to trade a variety of digital currencies like Litecoin, and more on a regulated U.S. based exchange.
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Kraken

Kraken is the largest Litecoin/Bitcoin exchange in euro volume and liquidity and also trading Canadian dollars, US dollars, British pounds and Japanese yen. Kraken is consistently rated the best and most secure Litecoin/Bitcoin exchange by independent news media
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What is the Future of  Litecoin?

As per Growing segment of Litecoin, market experts say that price of Litecoin can cross $5 K in the next year ending, Which is great news for all buyers. So, guys, this is the right time to purchase Litecoins. 

So, Fellow, That's it for today! If you like this article please comment an share this to all. Thanks for reading this article.