Litecoin also considered as the baby brother of bitcoin was released in October 2011 by Charlie Lee an ex-Google employee. Litecoin Network’s process a block every 2.5 minutes, while Bitcoin takes 10 minutes. Litecoin uses Scrypt as its hashing algorithm.
At the time of Bull run in early 2017, Litecoin increased by 7291% while Bitcoin only increased by 1731%. Litecoin is listed on top cryptocurrency exchanges in the world, which results in many investors having interest in it. So for litecoin it won’t be hard to find buyers to sell at any point of time. Charlie Lee, the creator of Litecoin, now works on the project full time with highly trained blockchain professionals to now litecoin even further. Litecoin is the first altcoin now in its 8th year standing strong among other altcoins. Hence Litecoin can be considered for long term as well as short term investment. Litecoin ranks fifth with a Market Capitalization of well over $5 Billion.
Colodax has low trading fees and instant INR withdrawals & deposits making it a suitable platform to buy/Sell and trade cryptocurrencies in India for Indian traders. Our highly efficient and automated monitoring platform provides users the fastest transactions available today. This includes updates on balance, trade, and wallet information. Such features and services have made Colodax best place to trade Litecoin and other cryptocurrencies in India.