Litecoin: Still A Valuable Coin

LTC has a robust and growing ecosystem.However, it is under pressure from competitors and regulators.I estimate LTC could be worth over $150.Thesis SummaryLitecoin (LTC-USD), the faster, cheaper alternative to Bitcoin (BTC-USD) and a bigger brother to most other altcoins, was developed and launched by Charlie Lee in 2011, two years after Bitcoin was launched. Litecoin was one of the first altcoins. It was built from Bitcoin's source code and is similar to Bitcoin in many aspects, which has led many to call it digital silver.Litecoin remains one of the few early cryptocurrencies still widely used today. Its low transaction fees and fast transaction confirmation on its blockchain have made it maintain relevance in the cryptosphere. It is built to be a medium of day-to-day, peer-to-peer exchange.Bitcoin has significant volume, and it is a useful testing ground for Bitcoin applications. Based on this, I believe Litecoin will perform well in the coming years.Litecoin TechnologyLike many early cryptocurrencies, Litecoin uses the proof-of-work consensus mechanism. In the proof-of-work consensus mechanism, powerful computers known as miners compete to add transaction records to a block — records in a blockchain are stored in blocks. In the Bitcoin network, a block is added to the blockchain every ten minutes; after a block is added, the next block needs to wait in a queue for about ten minutes before it is added to the blockchain.Lite...