Litecoin: Is LTC Seriously Underrated? My Take!! 🧐

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0:00 Intro
02:09 What is Litecoin?
04:53 How Does Litecoin Work?
07:54 Litecoin Privacy
10:11 Litecoin Price Analysis
12:19 Litecoin Price Potential
13:52 Litecoin Pros And Cons
16:39 Litecoin Roadmap
17:53 Conclusion


⛓️ 🔗 Useful Links 🔗 ⛓️

► Litecoin Explained In Detail:
► 2011 Online Poker Crackdown:
► Litecoin Dogecoin Merge Mining:
► Litecoin Mimblewimble Privacy Explained:
► Litecoin Visa Debit Card:
► Litecoin Flare Network Support:


👨‍🏫What Is Litecoin?👨‍🏫

As the name suggests, Litecoin was designed to be a lighter version of Bitcoin. Whereas BTC is a store of value, LTC is meant to be the sound money that people will use for everyday payments

⛓How Does Litecoin Work?⛓

Litecoin is basically like Bitcoin with a few modifications. For starters, instead of the SHA-256 proof of work consensus mechanism, Litecoin uses a special proof of work consensus mechanism called Scrypt

One little-known fact about Litecoin is that DOGE is merge mined with LTC. Without getting into the weeds, merge mining makes it possible to mine two cryptocurrencies without using any extra power

💸Litecoin Tokenomics💸

Like Bitcoin, Litecoin has a 4-year halving cycle, meaning the amount of LTC miners get from each block is cut in half. When the first Litecoin block was mined, the reward was 50 LTC

The first halving occurred in August 2015, cutting the block reward to 25 LTC. The second Litecoin halving happened in August 2019, which was cut in half again to 12.5 LTC

The next Litecoin halving is scheduled to take place in August 2023, and though some websites suggest this reduction in supply is the driver behind LTC’s price action, LTC remains highly correlated to BTC

👨‍💻Litecoin Privacy👨‍💻

In contrast to privacy coins like Grin, privacy will be optional on the Litecoin blockchain. This will be possible thanks to another technology called ‘extension blocks’

If you want your Litecoin transactions to be private, you can send your LTC to the Mimblewimble extension chain that runs parallel to the Litecoin blockchain and transact on it instead

📈LTC Price Analysis📈

LTC has seen a lot of investment from both retail traders on apps like PayPal, Robinhood, and Revolut. A lot of institutional money has been flowing into LTC via Grayscale’s Litecoin trust, and various LTC ETPs

🤑LTC Price Potential🤑

If you’re wondering how high LTC could go, this really depends on BTC. If BTC pulls a 2 or 3x, I reckon we would eventually see a similar move for most large cap alts including LTC. This works out to about 1k

👀Litecoin Privacy Pros & Cons👀

When Litecoin implements Mimblewimble, it will become a part of cryptocurrency’s privacy payments niche which has much less competition

LTC is one of the easiest cryptocurrencies to get. In addition to being on PayPal, Robinhood, and the Revolut banking app, there are over 15 thousand LTC ATMs around the world

Taken together, this means that when Litecoin adds support for Mimblewimble, LTC could unironically become one of the best privacy preserving currency on the planet. Regulators may not like this

📅Litecoin Roadmap📅

Litecoin’s core developers also seem to be quite active on Reddit, and one of them recently noted that they are in the process of putting together a concrete roadmap

Flare Network is also scheduled to air drop its SPARK token to Litecoiners in June, and this could turn Litecoin into a hotbed for new decentralized applications

In the meantime, The Litecoin Foundation is working on creating new partnerships and expanding LTC’s use cases


📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Litecoin #LTC #Crypto #blockchain


Coin Bureau says:

What do you guys think of Litecoin? Any other coins you want me to take a look at again? And don't forget to follow me on my socials as there is content there that you are not getting here 👉

RMS Fabrications says:

Wow did you seriously just show Safemoon as a shitcoin? Talk about uninformed . SMH

Joanne Meeks says:

I love Litecoin.

harrison Victor says:

I guess people underrate litcojn . But its a boom

Bruce Fikowski says:


Shelly Williams says:


Marlon Miranda says:

i have been a litecoin hodler for 3.5 years now. ILL never give up on my baby lol

Kris H says:

great video, really appreciate your research and insights, cheers

Radoux Andréas says:

Exchange PayP_al acc 840k to BTC my Teleg_ram Paypal_Seller_Account

EasyWAyBeaTs says:

Got my 12 already
Goal 30 Little by little

John Vourliotis says:

I like LTC..every time we crash LTC holds its price better than other coins Its a good safe coin

Mehul says:

Shoud i need to buy litecoin ?

k98killer says:

The one thing that I think could be improved on this channel would be to analyze altcoins against bitcoin instead of using fiat as your denominator. It really doesn't matter if a shitcoin gains vs the dollar if it is losing vs bitcoin — moving out of collapsing fiat is a sensible measure, but investing requires comparing opportunity costs, and doing so requires a neutral (or at least grokkable) denominator. Fiat is too capricious and unpredictable.

marc beijer says:

Hey gang, new Crypto called HI-DOLLAR, In 2 days with one referral collected $9.06 free to mine,code :marcb

Suzy Chartier says:

Love your videos ! Your point of views are rational, sensible and intelligent, unlike a lot of crypto videos on YT that don't make any sense and are total bullshit. You have my subscription!

M says:

We’re going to see a 10X pump very soon 🚀🥳

PHIL C says:

Good content.. And don't think Elon's grift can last forever.. #famemom will take care of it from there… 😉

PHIL C says:

To be honest..Chikun long overdue for parabolic…it was the first "fast"..asic resistant (more decentralized) pow…doge as a fork was a joke.. is great but the developments of DOGE have always been a joke too…LTC..first segwit…first lightning network.

Pinyin Fan says:

Today's Litecoin price is $178

imhatchmantoo says:

Look out Charlie, Space Daddy Elon is the most hated man in crypto now!

imhatchmantoo says:

That shirt is boss, Sir!

Rick Mohr says:

It works great

Adam Cobb says:

That's incorrect…Flare is not air dropping litecoin'ers spark tokens in June/ july… only xrp holders during the Dec 2020 snap shot receives spark tokens come this June/ July…lite coin holders can receive daily spark air drops if they mint their litecoin on the flare network which won't be allowed until weeks after the flare network launches, however you will also be able to mint doge xlm and xrp

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