Litecoin (LTC) offers one of the best investment opportunities in the digital currency space. This was reflected in the report that was recently published by e-Toro. In the report, the firm talked about the current status and evolution of popular digital currency created by Charlie Lee.
Mati Greenspan – a popular expert and analyst in the field of digital currencies – was responsible for the preparation of the “Litecoin Market Research,” and he didn’t hesitate to reveal the advantages of the said digital currency, and also the favorable future outlook for the value of Litecoin (LTC).
Litecoin (LTC) Is Silver 2.0
If Bitcoin (BTC) is referred to as digital gold, then Litecoin (LTC) is digital silver. These were the words that the report started with, enabling investors and crypto enthusiasts out there to place their minds in a more traditional context. According to the report, Litecoin (LTC) has similar uses to those of BTC, although it’s closer to the definition of “liquid money” than “store of value” due to its characteristics.
The report also showed a potential long-term bullish trendline in the value of the coin, thanks to a bunch of strategic partnerships the Foundation has secured over the years. For e-Toro, now is the best time to invest in the digital currency.
Litecoin (LTC) and Bitcoin (BTC) Are Similar but Different
Greenspan said that there are a lot of factors that allow for the comparison of Bitcoin (BTC) and Litecoin (LTC) with the Gold and Silver market. Form the availability of both digital currencies to the mining ease and volatility price, LTC points more to convenience while BTC points to big operations and accumulation.
Greenspan also said that it’s possible that LTC is presently oversold as a result of the present bearish market, adding that it is crucial that you investigate thoroughly before investing in any digital currency.
Litecoin (LTC) Price Today – LTC / USD
Litecoin is currently worth $58 after an increase of less than one percent over the past twenty-four hours. The current market cap of the digital currency is $3.34 billion and its trading volume over the past twenty-four hours is $206.71 million.