its current value: it may reach the cost of 160. Theres a reason, litecoin receives a lot of comparisons to Bitcoin. The broader cryptocurrency market has suffered sharp declines lately, but Litecoin's drop has been even more severe. Im not quitting Litecoin. However, despite all above-mentioned facts, Litecoin price prediction March 2018 wasnt justified: instead of growing, the crypto started losing in price considerably. What also changed is the introduction of the SegWit (Segregated Witness) method a division of trade signatures that makes block size limits less harsh. Jeff Koyen, CEO of 360 Blockchain USA, offered similar input. 11 During the month of November 2013, the aggregate value of Litecoin experienced massive growth which included a 100 leap within 24 hours. When explaining why Litecoin has plunged lately, he said that "I believe its just following Bitcoin.". For all the flak Litecoin gets, its easy to overlook what it actually is, and what functions it serves. It wasnt until May 2017 that it started to pick up steam again during a time where generally all cryptocurrencies experienced massive growth.
Due to Litecoin's use of the scrypt algorithm, fpga and asic devices made for mining Litecoin are more complicated to create and more expensive to produce than they are for Bitcoin, which uses SHA-256. The Litecoin Network aims to process a block every.5 minutes, rather than Bitcoin's 10 minutes. 5 16 Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard. Litecoin price prediction 2018, the rate of Litecoin adoption is constantly increasing. After working at Google and founding Litecoin, he also worked on the engineering side at Coinbase, one of the largest cryptocurrency exchanges in the world. Its value, at the time of writing, is 330.14 per coin, up more than 75X from just.36 on January 1, 2017. Besides, such technologies. Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes increased maximum number of coins, different hashing algorithm ( scrypt, instead of, sHA-256 and a slightly modified GUI.