Litecoin is known as one of the earliest altcoins to emerge in the cryptocurrency market. In 2011, the Litecoin protocol was forked from the Bitcoin protocol, and LTC became the official currency of the platform. Litecoin enables fast and fee-free money transfers for any user.
Pros:
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Compared to its competitors, LTC is more stable and less resource-intensive.
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The fact that the total supply of Litecoin is limited to 84 million LTC indicates a prolonged scarcity over time. Similar to BTC, increasing demand can positively impact the price of LTC.
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Litecoin serves as a quicker and less resource-intensive trading option than Bitcoin. Cons:
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Despite being considered a global currency system for low-cost international transactions, stablecoins are currently exploiting this use case.
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Additionally, while Litecoin aims to be miner-friendly and less reliant on ASICs, its current hash rate is comparable to that of other PoW networks, including Bitcoin's.
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Due to its privacy features, Litecoin is the second most popular cryptocurrency on the Dark Web, a fact that some investors dislike. Show Less
