Litecoin: Don’t Chase This Rally (Cryptocurrency:LTC-USD)

Litecoin: Don’t Chase This Rally (Cryptocurrency:LTC-USD)

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Thesis

Litecoin (LTC-USD) is unlikely to outperform Bitcoin (BTC-USD) in the long term despite arguably being the better cryptocurrency for payments and transactions. This is because it lags Bitcoin in terms of security and developer interest, among other issues.

What Is Litecoin?

Litecoin was created as a fork of Bitcoin in 2011 with the goal of making a cryptocurrency more suited for payments and transactions. It uses proof of work like…


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