CANBERRA, Australia — Despite slumping from a high $300 level down to $100, there is so much to look forward to for Litecoin (LTC). Besides its characteristics, the digital currency has some happenings serving as its saving grace.
According to Crypto Gazette, Litecoin (LTC) investors may have had a harrowing experience with their insecure investment’s price heading southward. Nevertheless, Litecoin (LTC) concentrates on resolving day-to-day concerns of its investors, making the digital currency relevant and useful. Based on a smart contract technology, this digital asset possesses unprecedented lightening and scalability features.
Cryptocurrency aficionados have made the older Bitcoin and Litecoin (LTC) as competitors. Besides their three-year age gap (with Bitcoin introduced in 2008 while Litecoin (LTC) was initially released in 2011), these two platforms differ in prices. Trading at $118.23 at the time of writing,
Litecoin (LTC) makes affordability its primary selling point, as compared to the more expensive Bitcoin at $6,860.92. This makes Litecoin (LTC) a better investment for investors who are after good value for their money.
Favorable boosts in the days ahead are coming with the latest listing of Litecoin (LTC) in Gemini Exchange. This development advances the cryptocurrency’s marketability and consumer reach. Through Gemini Exchange’s user traffic-efficient exchange, more buyers will be exposed to Litecoin (LTC).
Higher possibilities to compete with the more popular Ethereum and Bitcoin are, therefore, on the horizon. The introduction of Litecoin Core has also resuscitated Litecoin (LTC) against further pullbacks.
Finally, the partnership between Litecoin (LTC) and Abra Global, a massive wallet and cryptocurrency firm, opens more doors of possibilities to the inexpensive cryptocurrency. Besides virtual currencies and fiat money, the Abra Global and its application, the Abra App, opens up manifold assets in the cryptocurrency industry.
Bill Barhydt, Abra’s head, affirms that Litecoin (LTC) was initially selected to operate the Abra App due to the smart contract technology. This collaboration is certainly auspicious for Litecoin (LTC) as the company is responsible for assisting retail investors and promotes digital assets exposure.
Given these attractive traits and positive developments for Litecoin (LTC), it is highly probable that it will reach better trading position in the cryptocurrency market sooner.