Litecoin is one of the first, if not the first, alt-coin (alternative cryptocurrency to Bitcoin), launched on October 13, 2011, and dubbed as βthe silver to Bitcoinβs goldβ. It is still one of the largest P2P (peer-to-peer) cryptocurrencies based on market capitalization, and it uses blockchain technology to keep track of all transactions in a public, decentralised ledger.Β
It is inherently similar to Bitcoin, so it runs on an open-source blockchain and can be mined. They have a few key differences; Litecoin has a much larger supply, and transactions on the network are much faster. It also uses a different hashing algorithm designed to keep mining fair for everyone involved, which has kept it one of the top crypto assets.
How To Buy Litecoin or Add it to your Strategy
The fastest, most convenient way to purchase Litecoin is to purchase it on ICONOMI. We check Litecoin live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Litecoin by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Litecoin is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Litecoin, we recommend you read the next section, as copying might be a better approach.
Add Litecoin to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the βtickerβ filter to find out which public Crypto Strategies have Litecoin in their structure.
