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Litecoin: Is LTC Seriously Underrated? My Take!! ๐Ÿง



๐Ÿ“ฒ Insider Data in my Socials ๐Ÿ‘‰
๐Ÿ›’ 20% Binance Low cost ๐Ÿ‘‰
๐Ÿ‘• “Crypto King” Shirt ๐Ÿ‘‰
๐Ÿ”ฅ My Insider Telegram ๐Ÿ‘‰

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๐Ÿ“บImportant Movies๐Ÿ“บ

Dogecoin Hype Defined ๐Ÿ‘‰
Earlier Litecoin Vid ๐Ÿ‘‰
Technical Evaluation Tutorial Half 1 ๐Ÿ‘‰

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– TIMESTAMPS –
0:00 Intro
02:09 What’s Litecoin?
04:53 How Does Litecoin Work?
07:54 Litecoin Privateness
10:11 Litecoin Value Evaluation
12:19 Litecoin Value Potential
13:52 Litecoin Professionals And Cons
16:39 Litecoin Roadmap
17:53 Conclusion

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โ›“๏ธ ๐Ÿ”— Helpful Hyperlinks ๐Ÿ”— โ›“๏ธ

โ–บ Litecoin Defined In Element:
โ–บ 2011 On-line Poker Crackdown:
โ–บ Litecoin Dogecoin Merge Mining:
โ–บ Litecoin Mimblewimble Privateness Defined:
โ–บ Litecoin Visa Debit Card:
โ–บ Litecoin Flare Community Assist:

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๐Ÿ‘จโ€๐ŸซWhat Is Litecoin?๐Ÿ‘จโ€๐Ÿซ

Because the title suggests, Litecoin was designed to be a lighter model of Bitcoin. Whereas BTC is a retailer of worth, LTC is supposed to be the sound cash that individuals will use for on a regular basis funds

โ›“How Does Litecoin Work?โ›“

Litecoin is mainly like Bitcoin with just a few modifications. For starters, as an alternative of the SHA-256 proof of labor consensus mechanism, Litecoin makes use of a particular proof of labor consensus mechanism referred to as Scrypt

One little-known reality about Litecoin is that DOGE is merge mined with LTC. With out stepping into the weeds, merge mining makes it attainable to mine two cryptocurrencies with out utilizing any further energy

๐Ÿ’ธLitecoin Tokenomics๐Ÿ’ธ

Like Bitcoin, Litecoin has a 4-year halving cycle, that means the quantity of LTC miners get from every block is lower in half. When the primary Litecoin block was mined, the reward was 50 LTC

The primary halving occurred in August 2015, slicing the block reward to 25 LTC. The second Litecoin halving occurred in August 2019, which was lower in half once more to 12.5 LTC

The subsequent Litecoin halving is scheduled to happen in August 2023, and although some web sites recommend this discount in provide is the driving force behind LTCโ€™s value motion, LTC stays extremely correlated to BTC

๐Ÿ‘จโ€๐Ÿ’ปLitecoin Privateness๐Ÿ‘จโ€๐Ÿ’ป

In distinction to privateness cash like Grin, privateness can be optionally available on the Litecoin blockchain. This can be attainable thanks to a different know-how referred to as โ€˜extension blocksโ€™

If you would like your Litecoin transactions to be personal, you’ll be able to ship your LTC to the Mimblewimble extension chain that runs parallel to the Litecoin blockchain and transact on it as an alternative

๐Ÿ“ˆLTC Value Evaluation๐Ÿ“ˆ

LTC has seen loads of funding from each retail merchants on apps like PayPal, Robinhood, and Revolut. A whole lot of institutional cash has been flowing into LTC through Grayscaleโ€™s Litecoin belief, and numerous LTC ETPs

๐Ÿค‘LTC Value Potential๐Ÿค‘

If you happen toโ€™re questioning how excessive LTC may go, this actually will depend on BTC. If BTC pulls a 2 or 3x, I reckon we might ultimately see an identical transfer for many massive cap alts together with LTC. This works out to about 1k

๐Ÿ‘€Litecoin Privateness Professionals & Cons๐Ÿ‘€

When Litecoin implements Mimblewimble, it should develop into part of cryptocurrencyโ€™s privateness funds area of interest which has a lot much less competitors

LTC is without doubt one of the best cryptocurrencies to get. Along with being on PayPal, Robinhood, and the Revolut banking app, there are over 15 thousand LTC ATMs around the globe

Taken collectively, which means when Litecoin provides assist for Mimblewimble, LTC may unironically develop into probably the greatest privateness preserving forex on the planet. Regulators might not like this

๐Ÿ“…Litecoin Roadmap๐Ÿ“…

Litecoinโ€™s core builders additionally appear to be fairly lively on Reddit, and one in every of them just lately famous that they’re within the means of placing collectively a concrete roadmap

Flare Community can be scheduled to air drop its SPARK token to Litecoiners in June, and this might flip Litecoin right into a hotbed for brand new decentralized functions

Within the meantime, The Litecoin Basis is engaged on creating new partnerships and increasing LTCโ€™s use instances

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๐Ÿ“œ Disclaimer ๐Ÿ“œ

The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who shouldn’t be a licensed monetary advisor or registered funding advisor. Buying and selling cryptocurrencies poses appreciable threat of loss. The speaker doesn’t assure any specific end result.

#Litecoin #LTC #Crypto #blockchain

Source: Coin Bureau

39 Responses

  1. Very informing video. The fact remains that BTC is the future of crypto and the questions traders ask themselves now is if this is right time to invest? before jumping into conclusion i think you should take a look at things first. for the past few days the price of BTC has been fluctuating which means the market is currently unstable and you cant tell if it is going bearish or bullish. while others still continue to trade without the fear of making lose, others are being patient. it all depends on the pattern with which you trade and also the source of your signals. i would say trading has been going smoothly for me,i started with 1.5 BTC and i've accumulated over 7.5 BTC in just three weeks, with the trading strategy given to me by expert trader ฮœr Alvin Alfred . His methods are top notch and profitable and he can be contacted easily on Teleqram (@ฮ‘lvincryptotrading) cheers.

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  4. As soon as this clown posted this video litecoin collapsed to less than half where it was trading when he uploaded. and still peoples watch and follow this clowns feeble attempts at pumping crypto. $1000 he said, it's now $120!

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  7. I have been a believer in the blockchain and the bitcoin over the years and from experience, I have learned that information about bitcoin comes from three kinds of people, One who knows but would rather suppress the information by publicly criticizing bitcoin but privately stacking up on the asset, there is also the truly ignorant who would swallow any information hook, line and sinker and of course, those that are truly devout to bitcoin and making steady progress in updating with information worth knowing. I have been in the last 2 group but with the assistance of Dwayne whose trades I have been copying for over 3 months now, netting in more than 9 btc in profit already. Learning never ends and I am still doing so with professional Coach Dwayne Clooney you should reach him on; โ€ฆ.. Tele Gramm @dwayneclooney** Have a Nice day.

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  10. Great context. Everyone needs more than there salary to be financially stable. The best thing to do with your money is to invest it rightly, because money left for saving always end up used with no returns. I started investing in bitcoin mid November 2020 with the help of a well-known -professional Mr Brook Fred and the profit entirely funded my recent duplex.

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