Litecoin (LTC) as a disruptive currency enters the arena in 2011 as a lightweight alternative to Bitcoin. Litecoin is a cryptocurrency that enables instant payments with near zero cost, to anyone in the world and can be efficiently mined with a consumer grade hardware. During its history, Litecoin had constant presence in top of 5 cryptocurrencies by market capitalization. Litecoin reached a $1Bill marketcap in November 2013, and as of August 2017 its market capitalization reached US $ 2,345 Bill at about $44,69 per coin.
Litecoin is the first of top 5 digital currencies to adopt Segregation Witness and also the first to execute Lightning Network transactions.
As ALPHA analyst Geofrey Caveney comments: “Gold” of virtual currency market are Bitcoin and Ethereum, but the “Silver” of digital currencies is Litecoin.
As in CoinBase trading platform Litecoin is one of the three virtual currencies that are being traded, so Litecoin has been exempted from hundred of other digital currencies to be traded on CoinBase along with Bitcoin and Ethereum.
Litecoin remains one of the best investment options right now on digital currency market.