Litecoin is trading at $88.09, up 8.08% over the past 24 hours, according to CoinMarketCap data. Litecoin is one of the pioneers of cryptocurrencies, created back in 2011 with codes based on the Bitcoin (BTC) protocol. Building on the similarities between both protocols as a proof-of-work (PoW) network, Litecoin is also undergoing a halving. The next halving is expected in August this year.
Since its introduction, Litecoin has gone through many stages of the market cycle, including the recent crypto winter. By a very large margin, digital currency remains the main benchmark for price resilience regardless of the market outlook. Stability is one of its watchwords, considered a luxury for other competing protocols such as Ethereum Classic (ETC) and Solana (SOL).
According to CoinMarketCap, Litecoin has a pretty decent return on investment (ROI). Overall, Litecoin has a wide adoption curve as a payment token. These factors make it growth oriented in the medium to long term.
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