Litecoin is a cryptocurrency that was launched after the creation of Bitcoin, and is taken into account one among the earliest digital currencies in existence. Charles “Charlie” Lee, a former Google engineer, created Litecoin in 2011 and known as it a “silver to Bitcoin’s gold.” Litecoin has survived all the ups and downs of the crypto sphere and continues to rank amongst the prime 20 cryptocurrencies.
Each Bitcoin and Litecoin share a vital similarity as they use a Proof-of-Work (PoW) validation system. That means the strategy of mining or creating each cryptocurrencies and including them to a public ledger or blockchain is the identical. Due to its shut proximity to Bitcoin, its fluctuations are sometimes matched.
Litecoin was hovering round $80, up 20% over the last year.