Litecoin/Bitcoin Trading forecasts and signals

On the penultimate day of the working week, the cryptocurrency market shows a moderate decline. Bitcoin has been losing almost 5% over the past day and is trading around $33,500. Thus, the recent price rebound was almost completely compensated. The inability to overcome the threshold $40,000 dollars results in increased bear pressure. As before, the phrase “what does not grow – falls“ is extremely relevant for the crypto market. So far, the scale of the decline is not critical for the market, and a drop up to $30,000 will not mean a reversal of the broad trend. However, if we see a decline to $29,000 and below, this situation may well provoke panic sales. However, it is worth remembering: the more panicky we see sales, the more aggressive the purchases of hunters for discounts will be.The latest episode of the sale on the cryptocurrency market during the last quarter was associated with tough actions of regulators, the emergence of concerns about the possible curtailment of the incentive policy, loud populist statements regarding the non-environmental nature of bitcoin, as well as a decrease in institutional demand for digital currencies. Although sales have somewhat stabilized, the main cryptocurrency remains squeezed in the range between $30K – $40K.The hashrate of the bitcoin network has stabilized after a long period of decline due to the relocation of miners and the shutdown of equipment. Market participants assume that the most difficult moment after the statement of the Chinese authorities about the need for miners to curtail their activities in China has passed. At the moment, the computing power of the network is far from peak values. However, no one doubts that soon the miners will turn back on their equipment and the hashrate will begin to grow. This situation will bring the crypto market a more significant diversification of computing power, the distribution of mining plants around the world, but for China, the loss of control over the computing power of Bitcoin can turn into unpleasant consequences.Nevertheless, the country's authorities should have kept the competitor as close as possible, and not created conditions for even greater global attractiveness of the asset. After all, the more decentralized Bitcoin is, the higher its value in the long term. The relevance and need for Bitcoin is only growing as financial nuts are being tightened in all economies of the world. The world economy has very quickly gone from total globalization to a virtually global trade war. The policy of central banks gave birth to Bitcoin, which has undoubtedly become one of the iconic symbols of the new era and has the potential to turn into a separate ...

CryptocurrenciesCryptocurrencies can simply be defined as a digital or virtual currency that has been encrypted using computer software and protected by cryptography, hence the name given to them.Cryptocurrencies, unlike paper money or fiat currencies, cannot be forged, and also solve the problem of double spending, which is one of the reasons why digital assets are given such great importance.Cryptocurrencies are decentralized networks based on blockchain technology. The blockchain serves as a decentralized registry or DLT, which is distributed where transactions related to cryptocurrency are recorded.DLT ensures that the history of a digital currency or asset is unchangeable and transparent. Cryptocurrencies such as Litecoin cannot be issued by a bank and cannot be controlled by participants such as central banks or governments.Litecoin - introduction and historyToday, there are many cryptocurrencies, and Litecoin is only the sixth largest by market capitalization. The creation of Litecoin was inspired by the first cryptocurrency Bitcoin. Litecoin serves as a copy of it in many ways.However, instead of competing with Bitcoin, Litecoin complements it in many ways, and various references are made to it, as to silver compared to Bitcoin gold.Read more When Bitcoin appeared: telling the story of BTCHowever, there are also many differences that distinguish it from Bitcoin, for example, the Litecoin algorithm, the transaction processing speed and the coin limit.Litecoin, founded in 2011 by Charles Lee, who previously worked as an engineer at Google, experienced significant growth shortly after its foundation and launch.In 2017, there was a significant growth of cryptocurrencies, the market capitalization of which increased by more than 3,600%, which subsequently led to an increase in the price of Litecoin by 8,200%. During this time, Litecoin has surpassed Bitcoin in performance and increased its value by 2,000%.This case not only put Litecoin in the ranks of the leading cryptocurrencies, but also allowed the coin to achieve one of its main goals – to improve some areas of Bitcoin.The Bitcoin cryptocurrency was founded in 2009, and this laid the foundation for Litecoin and many other altcoins. Altcoins are alternative coins, and this is a general term used to refer to all coins except Bitcoin.In 2011, Charles Lee created Litecoin, changing the code associated with and attributed to Bitcoin.In 2013, Litecoin's market capitalization reached US $1 billion.In the period from 2013 to 2016, the Litecoin cryptocurrency continued to develop and grow steadily.By 2017, separate assurance was implemented in Litecoin, which led to the first lightning-fast transaction. By December of the same year, the Litecoin price peaked at about $ 366.In 2018, Litecoin prices declined, which subsequently reflected a broader trend identified in the cryptocurrency market.What are the goals of Litecoin?Litecoin was created to help users perform daily transactions using both cryptocurrencies and the "proof of work" consensus algorithm, or PoW. Bitcoin has a longer transaction time, whereas Litecoin is cheaper and faster.Although Litecoin is known as the notorious silver compared to Bitcoin gold, it should be noted that Litecoin has taken a lot from Bitcoin, changing and improving a lot.Bitcoin can be used as a means of saving, in addition to providing an ideal platform for long-term investments, whereas Litecoin is ideal for processing payments due to the speed with which transactions can be performed and the lower cost.Read more: When to buy Bitcoin. A few tipsBitcoin is widely used as a payment method in many stores and websites, and in addition, many of them are also starting to accept Litecoin. This allowed the cryptocurrency market to provide users with many solutions and opportunities.Future goals entail turning Litecoin into a peer-to-peer internet currency that offers low transaction fees and time, in addition to providing transactions to users that are almost instant and almost free.Blockchain overviewCryptocurrencies are based on blockchain technology and contain blocks. These blocks store transaction information, such as the date, time, and amount associated with the transaction.These blocks also store information related to the participants of transactions. These blocks also contain information that distinguishes one from the other, as people differ by name.Each block has a hash that distinguishes it from other blocks. This is a unique cryptographic code created using a special algorithm.As soon as a block saves new data, this block is added to the block chain. There are many blocks in the chain, and four conditions must be met to add a new one, namely:The transaction must take place.The transaction must be confirmed.The transaction must be saved in the blockThe block must be assigned a hash.TransactionAny transaction made in cryptocurrency, for example, a purchase using Litecoin, will be saved in a new block containing the purchase, amount and other information, such as the seller's data.Transaction confirmationAfter making a purchase, the transaction is verified by a network of computers that rush to see that the transaction occurred in a legal and fair way. The details of the purchase, including the time, the amount in the currency and the participants, are checked.Saving a transaction in a new blockAfter verification, the transaction is approved, and the amount of the transaction currency, the buyer's digital signature, in addition to the seller's signature are stored in the block.Assigning a hash to a blockAfter verification and approval, the block receives a unique hash for it and is added to the blockchain.After a block has been added to the block chain, it can be available for public viewing. This is one of the greatest advantages of blockchain technology and is one of the reasons why blockchain technology is used in many industries around the world.Consensus methodsConsensus methods are an important part of the blockchain, regardless of the type of blockchain. These methods determine how fast, efficient, and secure a transaction is. The most common consensus methods used today include, but are not limited to:"Proof of Work", or PoW, which is used by the blockchain network, where there are miners who are responsible for verifying transactions. It is necessary to find the hash of the new block so that it can be added to the network, and the miner who finds the first one will receive a reward. PoW uses significant computing power."Proof of Ownership", or PoS, is used by second-generation blockchain networks. It uses a different approach than PoW and does not require as much power consumption as coins placed by nodes.The "delegated proof of Ownership" or DPoS involves choosing a node in a different way. The coin holders choose the nodes that are part of the consensus method, and subsequently these coin holders also vote for the selection or removal of the node.The implementation of the Byzantine Error-resistant Consensus Protocol or PBFT is used in solving the Byzantine Generals problem. Nodes have the ability to decide whether to accept or reject the sent information in order to maintain the internal state used to perform calculations based on new messages.Read more: Guide to PoW, PoS, PoA: how consensus algorithms work in blockchainsDifferences between Litecoin and BitcoinThe network that is used in Litecoin can process a block containing transactions in just 2.5 minutes, whereas Bitcoin takes about 10 minutes. This shows the lightning-fast speed at which Litecoin can process a transaction.In addition to the fact that Litecoin is faster and cheaper, Litecoin relies on miners to ensure that the network remains active and secure. The miners and the POW consensus method used consume a significant amount of energy/electricity to process these transactions.This is one of the main reasons why PoW is considered an inefficient and environmentally harmful way to protect crypto networks, and why cryptocurrencies face such hostility.There are many ways to reduce the impact of mining on the environment, and this is one of the reasons why Ethereum has moved from PoW to the proposed PoS.The Scrypt mining algorithm is considered to be much more efficient than that of the usual SHA-256. This allows more users to connect to the network and, as a result, requires a much smaller power source.Bitcoin miners consist of larger firms and companies, while Litecoin can still be mined by users who work independently and use specialized equipment.As for the overall limit on the number of coins, Bitcoin consists of only 21 million coins that can be mined, compared to 84 million for Litecoin. This is one of the most important differences when it comes to scarcity, price and availability in the market.This is also one of the reasons why Bitcoin is more expensive and why it is easier to get one Litecoin than a whole Bitcoin.One of the advantages associated with having a large number of coins and a subsequent lower price is related to the convenience of using coins. Users can trade a whole number of coins, not just parts of them.While Litecoin users can use 0.05 Litecoin, or LTC, or 10 LTC when making a payment, Bitcoin or BTC users can only make payments in fractional parts.A more detailed study of the Litecoin blockchainAs already mentioned, a block chain is a list of recorded information or blocks that are combined into a whole chain, with additional blocks that can be added. These blocks store important information about how Litecoin is sent, who sent it and who received it.Transactions of this type are added to blocks and recorded with the ability to be viewed by anyone at any time.There are two groups of people who are necessary for the transaction to be completed or verified, these are users and miners. Both groups use reference clients, such as Litecoin Core.After installation and synchronization with the Litecoin blockchain, the client becomes a User Full Node. Custom nodes are important, and they perform several functions, including, but not limited to:Relay stations, which include sending information to other network nodes about transactions that are trying to be processed.Blockchain protection.Validators that keep records as user nodes load the entire block chain. Each individual full node has a copy of the registry, which ensures the decentralized nature of the blockchain.They act as witnesses. Only one copy of the blockchain can remain valid through the use of a consensus-related process. If a block is added by two miners at the same time, these nodes will work together to choose which block is the real chain, and the one that lost is considered removed and subsequently forgotten.They are regulators, since the integrity of the blockchain is both implemented and maintained by the nodes. User nodes have the ability to make changes to the protocol. They can also adjust and create mathematical problems that must be solved in such a way that new blocks are added to the block chain.Litecoin miningLitecoin mining is carried out by miners who use specialized computers and equipment. Mining is performed for two main purposes, namely to protect the network and verify transactions, and to create new Litecoin coins, which are paid to miners as a reward for solving algorithms.What equipment is used for Litecoin mining?Although Litecoin mining is much less developed than Bitcoin mining, the same equipment is used in the mining process. ASICs are powerful computers that were designed and manufactured specifically to solve the Bitcoin PoW problem.They can also be used when mining Litecoin, but they are more difficult to purchase, since Litecoin uses a different PoW function, and Bitcoin miners will not be able to mine Litecoin.The best mining equipment, which is specially designed for Litecoin, includes video cards, although they are unprofitable. The only way to mine Litecoin is to buy hardware, such as the ASIC Antminer S7 for Bitcoin, and mine Bitcoin and convert it to Litecoin.Is it difficult to mine Litecoin?Cryptocurrencies have the main advantage that the currency supply can be programmed and distributed at certain intervals of time. Unlike gold, silver and other physical goods, which are subject to demand and include subsequent price increases.The complexity associated with Litecoin mining is one of its most important features. The coin has an algorithm that is updated depending on the total hashing power of the network. This ensures that Litecoin blocks are generated on average every 2.5 minutes.Comparing Litecoin with something like gold, it is easier to understand how mining works and the price. According to the proposed scenario, if the price of gold rises from US $1,000 per ounce to US $2,200 per ounce, the price increase will prompt and force gold miners to increase production.This may also lead to the emergence of more gold mining enterprises to guarantee an increase in supply. With an increase of $1,200, this will create so much new supply of gold that the price will fall when the supply exceeds the demand.However, Litecoin works differently. There is no price increase that could cause an increase in the speed of Litecoin mining. However, a sudden increase in the price may force more miners to direct hash power towards the Litecoin network.Due to the complexity associated with Litecoin mining, this ensures that the new hash power will simply be balanced with the increasing complexity of the PoW algorithm used. The Litecoin difficulty is adjusted every 2,016 blocks or 3.5 days.Litecoin profitability and block rewardTo calculate the potential profit that can be obtained from Litecoin mining, users can use various Litecoin mining calculators that determine profitability depending on the equipment used.Profitability depends on the price of Litecoin, the hash power of the equipment, the cost of electricity and the efficiency of the hardware.Charles Lee, the creator of Litecoin, copied Bitcoin in various ways and changed several parameters. The goal of Litecoin is to create faster confirmations, and thus the Litecoin transaction time per block was set to 2.5 minutes instead of the 10 minutes required to verify the transaction in Bitcoin.In addition, the block reward for Litecoin has been designed in such a way that the block is halved after every 840,000 blocks. With each new block, miners will be rewarded with 50 Litecoin. Over time, the block rewards will become so small that new Litecoin coins will not be created, since Litecoin has only 84,000,000.Examples of the use and application of LitecoinAs a tool for investmentThe popularity of the cryptocurrency market has increased in recent years and has become attractive for both beginners and more advanced professional traders. Investors were particularly intrigued by the growth of the market.Despite the fact that the market shows significant volatility, those who are willing to take risks and have the necessary risk tolerance have the opportunity to make significant profits.Compared to other cryptocurrencies, Litecoin demonstrates steady growth and has great potential in the foreseeable future.Read more: Volatility: types, how to track and how to useCross-border operationsLitecoin can be used in transactions, when sending money abroad. Transactions are fast, secure and more accessible compared to conventional payment methods, such as bank and electronic transfers.Daily payment methodOne of the goals of Litecoin is to become a viable digital currency that will eventually be able to replace fiat currencies in everyday purchases. Litecoin may be more limited in terms of its adoption, unlike Bitcoin, but this may change as popularity increases.Trading or exchanging LitecoinLitecoin can be bought, sold or exchanged in the following way:Trading through a regulated broker that offers cryptocurrency trading through contracts for difference or CFDs.Cryptocurrency exchanges that allow their purchase or sale, for example, Coinbase, Binance and many others. While cryptocurrency is decentralized,there are exchange platforms that can be centralized or decentralized.Peer-to-peer communication, which includes direct transactions between participants, the buyer and the seller, with or without minimal intervention from a third party. There are many cryptocurrency exchange platforms that offer this, and it makes the transaction very easy.Thanks to the use of a Bitcoin ATM - despite the name, there are 71 Bitcoin ATMs in major cities around the world that allow you to buy various cryptocurrencies.Read more: Binance: history, features, coins and verificationTrading/exchange via the cryptocurrency exchange platformThere is no single or official exchange through which you can buy or sell Litecoin, but there are many exchanges that serve such transactions. In recent years, more exchanges have appeared to facilitate the trading and exchange of Litecoin.However, despite the number of exchanges that have appeared, everything comes down to finding an exchange that offers services in a safe way, since the cryptocurrency market, for the most part, is not only unregulated, but is also under constant threat of cyber attacks.Regulatory bodies, such as those regulating brokers, can offer extremely little protection to those who use cryptocurrency exchange platforms, since many of them do not offer their own regulation.Therefore, it is extremely important that traders and investors carry out self-regulation, as far as it is practically possible, to ensure the protection of their funds and personal information. When evaluating exchange platforms, investors and traders need to take into account the following factors:The exchange and the liquidity it offers, in addition to the depth of the market. Their number should be equal, since this ensures that the exchange will be able to adequately fulfill orders. This also reduces the risk of a market crash, which can lead to losses.Fees charged for transactions compared to other exchanges and industry averages.The location of the exchange and the possibility of depositing and withdrawing funds in a fiat currency.Regulation, if any, in addition to reviews by other traders and investors.The history of the exchange, especially when it comes to security threats.Customer support and the exchange's working methods for solving queries, questions or problems that investors or traders may face.Trading through a brokerWhen trading through a regulated broker that offers cryptocurrency as a CFD financial instrument, traders are provided with much more peace of mind when it comes to the security of client funds, however, there may be other factors, such as commissions, that may make this opportunity a little less attractive.When choosing a broker to facilitate Litecoin trading, traders should consider some of the following factors to make sure that their choice is correct:Regulation – it not only ensures the protection of clients ' funds, but also ensures that trading is fair and legal, since these brokers are often under strict supervision and control.The proposed types of accounts are in accordance with the trading needs and goals of the trader and the corresponding trading conditions associated with the types of accounts.Commissions - which include both trading and non-trading fees, such as spread, commissions, inactivity fees, conversion fees, and many others.The type and number of financial instruments offered – how many cryptocurrency pairs can be traded, the presence of cross-pairs consisting of cryptocurrency and fiat currency, and much more.Liquidity - implies the ability of the broker to sell without a significant impact on the price. Increased liquidity also provides lower transaction costs.Trading platforms - through which you can make transactions. Traders need to study what the broker offers and assess whether it will meet their trading needs, goals and expectations.Methods of depositing and withdrawing funds, commissions and processing time.Customer service – the quality and efficiency of solving issues.Introduction to Crypto walletsLitecoin is a cryptocurrency, which means it is digital. Since it is impossible to work with it physically to conclude transactions, the user needs to have a digital or crypto wallet to store their Litecoin.While a physical wallet is used to store cash and cards, crypto wallets are used to store cryptocurrency, and also serve transaction-related purposes.There are many programs that serve as crypto wallets and even hardware that can store digital currencies. However, users need to ensure constant protection of their wallets, respectively, and funds.Users are provided with public and private keys, and they are both linked. The private key is an extremely large and very random number that is generated by the wallet program. This key gives the wallet user access to their funds and should never be transferred to other users.This key can also not be lost, because, like the PIN code of an ATM, it provides anyone who uses it with access to a cryptocurrency wallet. However, public keys can be transferred to other people on the network, in addition to the keys that are used to generate addresses and are used by others on the network to challenge the ownership of the cryptocurrency.Closing keys correspond to the user's wallet address. These wallets can be used when sending and receiving Litecoin. These wallets are not linked to only one platform, and users can access their wallet via a desktop PC, mobile device, web browser or other equipment that has been developed for use as a wallet.Different types of wallets availableWallets for PCThese types of wallets are software that can be downloaded and installed on any desktop or personal computer. Access to these wallets can be obtained regardless of the availability of an Internet connection, since this is a software application installed on a computer.These wallets are usually compatible with various operating systems, including Ubuntu, macOS, Windows, Linux and others.Wallets for mobile devicesThese wallets are designed for downloading, installing and using on smartphones. With the advent and spread of mobile phone technologies, there are more opportunities for trading and using software on phones to access applications that usually require a computer.Wallets for mobile devices can be easily found in Google Play or the App Store, depending on the device that the trader uses. However, caution should be exercised, since there are a large number of scammers and fraudulent applications in circulation.You should download and use only official and verified wallet applications.Offline and online walletsOffline wallets are so called because they work offline. This type of wallet is considered the most secure from the point of view of cyber attacks, since it is more difficult for hackers and others with malicious intent to gain access to it.On the other hand, online wallets are those wallets that require an Internet connection to work. They are often targeted by hackers.Users are often recommended to use an offline wallet for storing capital, and an online wallet for transactions and everyday payments. This ensures that most of the user's capital will not be a target and easy prey.Online walletsThese wallets work via the Internet and therefore require an Internet connection. They can be accessed through cloud services, through third-party software, and it provides users with access to their cryptocurrency wallets in the same way as for other wallets on this list.However, due to their online nature, these wallets can also be targeted by hackers, and users are advised to keep most of their capital in an offline or cold wallet to ensure additional security of their funds.Physical walletsAlthough this seems rather contradictory, given that Litecoin and cryptocurrencies are digital, Litecoin can be stored physically. You can do this by visiting Blockchain.info or Bitaddress.org, where you can get a physical or paper copy of the Litecoin address and print it on paper for storage.Hardware-based walletsThese are small portable devices that store digital currencies. They can also be used to send and receive Litecoin, as well as to make purchases.Tips and tricks for trading LitecoinSpot trading or derivative financial instrumentsTraders should understand that there are two general categories associated with cryptocurrency trading. Spot trading is the more common of the two, and involves the physical purchase of cryptocurrency tokens in a transaction that is calculated instantly.This allows the trader to withdraw his tokens from the exchange to his crypto wallet, where it can be used for payments or in dApps.Read more: What are decentralized applications DApps and what are they for?As for derivative financial instruments, they are not buying physical cryptocurrencies, but financial products that simulate the value of a certain asset. This means that the underlying asset, which is a cryptocurrency, is being bought.Derivatives are often sold at the same price as the coin itself, and they have an expiration date. This means that the derivative cryptocurrency will be calculated against the actual cryptocurrency on a date set in the future.Staking and DeFiMany traders either forget or do not know that an annual interest rate can be obtained for owning a cryptocurrency. When a cryptocurrency is bought on the spot market, traders can withdraw it from the exchange and fix it in a short-term DeFi contract.This allows the trader to profit from the movement of the currency price in order to get additional profit from his investments in DeFi.Read more: What is decentralized finance DeFi?When fixing cryptocurrency in DeFi, traders can get an annual interest rate of up to 10%. It depends on the coin that is blocked, and on the platform used.Hedging positionsAs for cryptocurrencies, traders can choose the level of risk that is convenient for them and that they can afford.Those with greater stability can use leverage, and to reduce the risk, traders can use a small part of their assets in cryptocurrency for trading and hedge the risk using staking or DeFi.Read more: Introduction to Forex hedging basics. Examples of hedgingStrategies for trading or exchanging LitecoinWhen trading, it is a mandatory requirement to have a trading plan, in addition to a strategy that has been tried and tested in a risk-free environment before using it in a real trading environment.There are many strategies that can be used, and everything depends on the trader's own preferences, his resistance to risk, the time he can devote to trading, the capital he has for trading, and many other factors that will determine which strategy will be ideal for them.Trading strategies are based on a set of predefined rules that determine the entry and exit points of a trade, and they must always be followed.Of the many trading strategies available for Litecoin trading, the most common is day trading. Day traders tend to quickly enter and exit trades during the trading day, and also tend to make a small profit on these trades.When trading Litecoin daily, traders should take note of some of the following tips that can provide them with a competitive advantage.Read more: The main components of a Trading StrategyMake sure that you have the necessary knowledgeThere are many training materials available for both beginners and more experienced traders. There are webinars, guides, seminars, training videos and much more that can help traders get all the necessary information before they start trading cryptocurrency.They can also teach traders a lot about the cryptocurrency they trade, since each currency works differently than the others. Despite the fact that Litecoin was created on the basis of Bitcoin, there are many differences between them.In addition, traders need to make sure that they are aware of news about the markets and current events that can potentially affect their trading.Consolidation of the daily chartTraders need to familiarize themselves with the use of both price charts and volume charts, since historical prices can show a trader why the Litecoin cryptocurrency was moving in a certain direction, why prices are rising, what volumes were during the period and much more.It also helps traders get an idea of where prices may move in the future, and gives an idea of what events could cause prices to rise or fall.It is known that cryptocurrencies reach a peak during periods of consolidation, when Litecoin, for example, tends to trade in a narrow price range. This makes Litecoin much more attractive, since it has a continuation after leaving the range.To get the best possible inputs, traders can try to match the patterns present on their daily candle charts, in addition to their intraday timeframes.Practice patienceIf a trader has identified and confirmed the presence of a breakout on the daily chart, it is recommended that he find a safe entry on a shorter timeframe, such as 15M.Traders are not recommended to buy where the resistance level has been broken, as they will see a breakout on the daily chart. It would be safer to enter if the trader has a pattern that supports his position.This may mean that the trader will have to wait for a pullback after the first push, as this will provide him with an improved risk-profit ratio and lower prices.It is easier to trade on pullbacks that follow a large movement than to try to anticipate a breakout. Litecoin, in particular, does not tend to move straight up without a preliminary break.Read more: What timeframe is the best to trade onMake sure you have a clear exit planOnce a trader has identified a profitable entry point, he must make sure that his exit point is just as effective. The outputs should be based on daily and intraday resistance levels.As for Litecoin, it helps a trader to build up strength, because due to market volatility, unrealized profits can turn into significant losses if you are not careful.Conclusion - advantages and disadvantages of LitecoinAdvantages Transaction processing speed 2.5 minutesThere are 84 million coins compared to 21 million Bitcoin coinsLitecoin was built using the Scrypt algorithm, which makes mining more accessibleTransaction costs are significantly lowerDisadvantages Litecoin is not as widely accepted as BitcoinSubject to regulation that may restrict use and cause a sharp drop in pricesLitecoin is not completely resistant to ASIC, which makes mining difficultLitecoin may have been created as an addition to Bitcoin, but the more Bitcoin is used and accepted, the more it limits the potential of ...