In the last seven days, the price of Litecoin spiked as high as $338.14.

At this time, Litecoin is valued at $273.12!.

In April the price started rising, and since it has witnessed an upward trend in its growth.

In January this year, the coin was still hovering around the $4 mark.

When it launched in 2013, the coin could be bought for $4.30.

Where a Bitcoin transaction may take as long as 10 minutes, Litecoin transactions can be conducted in as low as 2.5 minutes. The transaction time on Litecoin is also very quick. This is probably the reason why it was named Litecoin because it avoids the use of powerful custom users to specially mine the currency. Litecoin has a software algorithm named Scrypt which is used for mining the coin. Like Bitcoin, Litecoin was created as a decentralized form of digital money which allows users to make instant transactions with an almost negligible cost to anyone around the world. We will look at Litecoin, the technology behind it, the prospects it offers and how can an investor make money by trading in it. Today, we will talk about Litecoin which saw a price surge two days ago and is becoming a hot topic of discussion for Altcoin investors. This is why it is important to know how a Cryptocurrency can help you realize your investment goals. Needless to say, that those who play with little or no knowledge of digital currencies may simply end up on the losing end. And between all the rise of technological innovations and the need for companies to fund these, Cryptocurrencies have become the magic bowl that happens to grant a lot of wishes. Innovation is the fuel for most growing companies. Development and new technologies are taking the world by a storm.

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