Litecoin is one of the first open-source altcoins based on the original Bitcoin code. It was initially a strong competitor to the first cryptocurrency. However, as the cryptocurrency market expanded, Litecoin’s popularity gradually declined.
Bitcoin analogues
Today, experts are talking not only about bitcoin, but also about its well-known analogues. The first analogue is bitcoin cash. The developers of this currency planned everything well and successfully put it into circulation. The cost of its course is growing, but experts recommend paying attention to the fact that bitcoin cash is not yet well promoted and therefore its cost is at a low level.
The second analogue is bitcoin gold. When it was first launched, there was a high demand around it. But recently, demand has fallen, and you should think carefully before investing in it. Although analysts say that this currency has good potential in the future.
Experts say that today is the best time to buy bitcoin analogues, as they are expected to grow strongly. It is best to divide your funds and make a deposit not in one currency, but in several at once, this will reduce the risk of losing all investments due to a depreciation.
Recall: Types of cryptocurrencies and their purpose
