At the moment there are 56 million LTC in circulation and there is a maximum cap of 84 million coins.

FACTS ABOUT LITECOINS AND HOW YOU ARE MISSING OUT ON THIS FREE VALUE:

1. LTC has always been a well-known digital asset since it was first released and had reached a $1 billion market capitalization two years after its inception in 2013.

2. For a very long time, LTC was the second and third highest cryptocurrency market valuation.

3. Today Litecoin is the sixth largest market capitalization among 1,600 other cryptocurrencies recorded today.

4. The coin has an $8 billion dollar market valuation.

Here are a few reasons why cryptocurrency investors like Litecoin (LTC):

Speed.
Litecoin transactions are faster because of its block time difference of 2.5 minutes as opposed to BTC’s every 10 minutes.

Mining.
Proponents of Litecoin like the mining distribution method for LTC’s scrypt mining which is believed to be a fairer model.

Digital Scarcity and Liquidity.
Litecoin has a lot more coins than BTC and in the end, miners will produce 84Mn LTC. This adds both digital scarcity to these tokens while increasing market liquidity.

Experimentation.
LTC developers have added Segregated Witness and processed Lightning Transactions well before BTC. This being said LTC proponents believe the development team is more willing to test and trial new code.

A Brief History of Litecoin LTC

The first coin covered in our series is Litecoin (LTC) one of the earliest cryptocurrencies created in 2011 by the developer Charlie Lee. Litecoin has often been called the ‘silver’ to bitcoin’s ‘gold’ over the years and is a popular cryptocurrency.