Litecoin (LTC):
- Created in 2011 by Charlie Lee as a "lighter" Bitcoin.
- Decentralized digital currency using blockchain tech.
Use Cases:
- Digital payments for goods and services.
- Faster transactions than Bitcoin (2.5 mins/block).
- Suitable for small transactions and micropayments.
- Considered a potential store of value.
- Testbed for new technologies.
Price Movements:
- Early years: <$10.
- 2013: $50 due to attention.
- 2017: All-time high ~$360.
- Volatile and subject to market changes.
- Post-2017: Generally lower, varying value.
Price Prediction by Calculator:
Certainly:
- Early Years: Started around <$10.
- 2013: Briefly went above $50.
- 2017: Reached an all-time high ~$360.
- Volatility: Experienced significant ups and downs.
- Current Status: Established but lower than the 2017 peak.
