Is Litecoin (LTC) A Good Buy Or Sell Around $200?

While the gains made by Ethereum and Bitcoin in recent times have been eye-popping, it should not be forgotten that there are many other cryptocurrencies that have also managed to garner considerable attention from investors.

One of those is the cryptocurrency Litecoin (LTC). As it happens, experts have suggested that Litecoin is actually quite similar to Bitcoin and it is perhaps no surprise considering the fact that the cryptocurrency had been created from modified Bitcoin source code. When you get down to the specifics, it is perhaps most important to remember that Litecoin offers fourfold the speed that you get in the case of Bitcoin but at the same time its supply is also four times that of the world’s biggest cryptocurrency.

The supply of Bitcoin is capped at no more than 21 million and that is an important factor behind the ultimate price of each token. However, the situation is different in the case of Litecoin. The number of Litecoin tokens is actually capped at as much as 84 million. While Litecoin is not as scarce as Bitcoin, the fact that it is also finite in supply makes it an interesting project to follow.