The technology and the communitybehind Litecoin make it a good investment. People are not able to appreciate the technology part of theLitecoin. Everything about Litecoin transferswell on to Bitcoin. Sending money withLitecoin is easier and cheaper. The2-minute block time makes it convenient for use. The Lightening Network Engineering isparticularly useful in the process.

Several investors like holdingand transacting with Litecoin because of the ease in the transaction and thefees and the block time. Some of them are not happy when they are not able tosee Litecoin as an option they can use to pay even if they are willing to paythe premium. Several investors are trying to buy Litecoin at the lowest pricepoint; however, that is not easy. Litecoin for sure will grow.

Litecoin is considered to be anexcellent option to invest in. Litecoinfulfills the criteria required by an investor willing to choose a cryptocurrency. Those who are eager to hold cryptocurrencyfor a long term usually contemplate on whether they need to hold Litecoin orBitcoin.

And like any wise investment idea, it is not a good idea to hold all of one's eggs in a single basket, in case something unforeseen happens.  The trend is to hold some BTC, some LTC, some Ripple, and some Ethereum. Some opine that Litecoin is suitable for small investors.  Litecoin is set to produce 84 million coins, and Bitcoin is set to produce 21 million coins.

Litecoin Summit 2019 took placein The Cosmopolitan of Las Vegas. Superior fundamentals, like worldwide adoption, were discussed in theevent. Several investors who are new to the cryptocurrency market are not sureof how the market works and the direction in which the market is heading. Thosewho are new to the cryptocurrency market feel like there is nothing new goingin in the market. To get an understanding of the existing trends, investorsshould take notice of the partnerships associated with the foundation.

MimbleWimble has been toutingitself as a cryptocurrency being privacy-focused. Ivan Bogatyy, a researcher at DragonflyCapital Partners, exposed the chilling vulnerabilities regarding MimbleWimbleand the GRIN cryptocurrency. CharlieLee, The Litecoin CEO, recently defended MimbleWimble versus privacycriticisms. The Scathing account of howMimbleWimble works declare that it is not suitable for privacy.

The price of the Litecoin iscurrently consolidating above the $55.00 support area. The RSI indicator has been trending around$44.25. The LTC/USD consolidated in aflag formation and is all primed up for a breakout.