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Why LTC Does Not Have ETH (LTC Coin’s Prospects in 2021)

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Why does LTC not have ETH? What is the main characteristic of LTC? It is the val

Why LTC Does Not Have ETH (LTC Coins Prospects in 2021)

Why does LTC not have ETH? What is the main characteristic of LTC? It is the value transfer achieved through issuing a set of independent tokens. The most circulated LTC on the Litecoin network are ERC-20 standard LTC (currently over 60,000 types). However, many people in the Ethereum community believe that, although LTC is a cryptocurrency in ERC-20 version, its price is lacking in comparison.

The main issue with LTC is that it exists as a medium of exchange within a decentralized system on the blockchain, unlike BTC. In contrast, ETH is a digital asset based on blockchain technology that operates smart contracts.

Litecoin was launched on August 17, 2014, by the Litecoin mining pool “LTC.Money” (known as LTC). Its main purpose is to assist in the development of the LTC ecosystem. Starting from 2013, the team continuously explored how to use LTC for payment transfers, cross-chain applications, and research and innovation of various financial derivatives. By early 2016, LTC’s price had risen by nearly 1000%. With the continuous development in 2020, the demand for platform coins also increased. Since March of this year, LTC’s market value has grown to over $400 million, with an increase of 100%. However, due to recent market fluctuations, LTC price has experienced a significant decline.

What are the prospects for LTC in 2021?

How will LTC develop in 2021? What was the overall trend in 2020? Currently, there are a large number of LTC (Litecoin) and stkTRX circulating in the market, but what is their actual value?

According to the latest data statistics, LTC price has risen from $3 to more than 4 times its highest value in the past 30 days. Additionally, due to recent market environmental changes and global economic uncertainty, market fluctuations have intensified, leading some investors to invest in these two tokens. As for this issue, it has been ongoing since the beginning of this year. Some believe that it is due to the decline of these altcoins. If this situation continues, there may be even greater price volatility risks. Therefore, this is an area worth paying attention to.

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