Since 2009, the cryptocurrency market have been gaining more and more followers, slowly but gradually. However, 2017 has been one of the best years in the industry, since, thanks to the exponential increase in Bitcoin prices, the crypto market and all the other cryptocurrencies have taken advantage of. In this sense, the Litecoin (LTC) has been one of the most benefited crypto coins.
Litecoin is the first cryptocurrency based on the Scrypt algorithm and this makes it possible to mine Litecoin without using complex equipment, as in the case of Bitcoin. However, the Litecoin, in its technical aspects is almost identical to Bitcoin. For this reason, it has been considered a cheaper and faster alternative to Bitcoin.
In this way, in 2017, Litecoin has managed to position itself as one of the strongest cryptocurrency in the market.
Starting the year with a market value of $ 4.51 dollars, it has had an important growth, currently standing at a price of $ 285.05 dollars, according to CoinMarketCap.
In the month of December, cryptocurrency had a marked decrease below $ 240 dollars. However, he was able to recover quickly and even surpass this mark. Currently, the cryptocurrency remains in a stable range, around the $300 landmark.
This article was curated from Google News. You can read the original article here.