What is a Litecoin?

A former Google worker Charlie Lee, created a coin on 7th of October 2011 called Litecoin (LTC). It is an open source cryptocurrency with no affiliation to any national bank. Have similarity to bitcoin but has lowered the system difficulty by improving on transaction time. Since its creation, the coin has grown significantly, netting a billion dollar market capital on November 2013.

Litecoin is a cryptocurrency that is most active in the crypto world after Bitcoin. The litecoin has a native coin popular as LTC. The prime purpose of this cryptocurrency is its fast speed, security, and incredibly negligible transaction fees.

The speed and cost effectiveness is the reason for the wide acceptance and active trading of Ltecoin. The fast service of Litecoins and incredibly low transaction fees make it one of the most efficient and effective cryptocurrencies in the entire world.

The LTC cryptocurrency has a transaction time of 2.5 minutes, and its incredibly low fees make it different from the Bitcoin cryptocurrency. It is perfectly suitable for mini transactions and point of sale fees.

Unique features of Litecoin 

Litecoin is one of the most popular cryptocurrencies after Bitcoin and Ethereum. However, the reason behind the success of this cryptocurrency is its simplicity and utility advantages.

In the entire world, Litecoin is actively trading. Nearly more than 2000 merchants and shops are accepting LTC as a popular currency.

Active Markets for trading

One of the most popular cryptocurrencies in the market is Litecoin. The reason that it is popular in the cryptomarket is because it is one of the cryptocurrency that has a broad variety of fiat trading pairs. This cryptocurrency can be traded in exchange of euros (EUR) , Korean won (KRW),U.S. dollars (USD), and more.

Moreover, this cryptocurrency is actively trading on various popular exchanges such as  Huobi Global, Coinbase Pro, Binance, OKEx, Kraken  and more. However there are many other cryptocurrency exchanges that are actively trading Litecoin which you can check here.