Why buy litecoin ?
Reasons to or not to buy Litecoin
To answer the question should I buy litecoin right now you have to consider a few factors.
Litecoin has very cheap transaccion fee compared to the Bitcoin network
4 litecoins exist for every 1 bitcoin but the price is 500 times that of the previous cryptocurrency
Litecoin vs Bitcoin comparison
Right now the exchange rate LTC vs BTC has never been more favorable to buy
What is the price of Litecoin right now ?
The price of litecoin if you wanted to buy right now is 70.25$ as listed on coinmarketcap.
Charley Lee the founder sold his coins.
Charlie Lee, founder of the cryptocurrency Litecoin has sold all his LTC, but will devote himself to growing the Litecoin platform.
Merge mining with Dogecoin
For several years now crypto mining litecoin has been done so together with dogecoin, meaning that if you mine one coin you also mine the other. This could be used as a positive argument to buy litecoin, as the dogecoin network has an ever increasing user base and positive outlook with xpayments coming in 2024. Maybe litecoin will also be included in xpayments on twitter?
Where can you buy Litecoin?
Nearly every single exchange including decentralized ones include litecoin as a form of currency. The most popular include Binance and OKX.
Best litecoin wallets for holding crypto
I am not giving out financial advice on the topic of buying litecoin or bitcoin and if it is a good idea to do so or not. But I can state that I do own some and see a potantial rebound in the markets. Litecoin has been around for a long time and If I am not mistaken it is the third crypto created. There is value in trust, and litecoin has been operating 24 hours a day 7 days a week non stop since the birth of litecoin.
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I hope you enjoyed this blog post on bulb.io about if buying litecoin is a good idea or not.
@Litecoinpete