Why is it possible to trade the Litecoin _2018 Litecoin?

**Introduction to Litecoin** Litecoin (LTC), often referred to as the "digital silver" to Bitcoin's "digital gold," is a peer-to-peer cryptocurrency built on open-source software under the MIT/X11 license. It allows users to send and receive money instantly across the globe, without the need for intermediaries. Inspired by Bitcoin, Litecoin shares similar foundational principles but introduces several key improvements. For instance, it processes a block every 2.5 minutes—four times faster than Bitcoin's 10-minute interval—enabling quicker transaction confirmations. The total supply of Litecoin is capped at 84 million coins, which is four times higher than Bitcoin’s 21 million. Additionally, Litecoin uses the scrypt hashing algorithm in its proof-of-work system, making it more accessible for mining on standard computers compared to Bitcoin’s SHA-256. Each Litecoin can be divided into 100 million smaller units, represented by eight decimal places, offering greater flexibility for microtransactions. --- **Why Litecoin Is Being Traded** In recent years, Litecoin has become a popular target for short-term traders and speculators. The rapid price movements have created opportunities for quick gains, but they also come with significant risks. Some investors see Litecoin as a safer alternative to Bitcoin due to its lower volatility, while others are drawn in by the potential for high returns. The surge in interest in Litecoin was partly fueled by a viral story about Chinese investors, often referred to as “Chinese aunts,” who were rumored to be heavily involved in trading the coin. This anecdote highlighted how Litecoin had started to gain traction beyond just crypto enthusiasts. As Bitcoin’s price stabilized between 5,000 and 6,000 yuan, many investors shifted their focus to Litecoin, which saw a dramatic rise from around 25 yuan to 380 yuan within just two weeks. This movement suggested that speculation was flowing from Bitcoin to altcoins like Litecoin. Despite being one of the earliest altcoins, Litecoin still holds a relatively small market share compared to Bitcoin. However, it has not faced the same security challenges, such as 51% attacks, which have affected some other cryptocurrencies. --- **Charlie Lee’s Decision to Sell Litecoin** On Wednesday, Charlie Lee, the founder of Litecoin, announced on Reddit that he had sold and donated all of his Litecoin holdings, keeping only a few physical coins as a personal collection. He explained that he wanted to avoid any perceived conflict of interest, especially after being accused of promoting Litecoin for personal gain on social media. Lee admitted that his public comments on Litecoin prices and news had led to accusations that he was manipulating the market. To maintain credibility, he decided to step back from holding the coin, even though he remains committed to the project. “I never liked betting on the price because I always guess wrong,” Lee said during an interview with CNBC. “If I tell you it will go up, but it doesn’t, you’ll be disappointed.” He also urged investors to remain cautious, warning that digital currencies can be highly volatile. “Don’t put all your life savings into crypto. It could drop 80% overnight.” Lee emphasized that he still believes in Litecoin’s long-term potential, even without holding the coin himself. He hopes that increased regulation will help stabilize the market and reduce extreme price swings. --- **Price Performance of Litecoin** In 2017, Litecoin experienced a massive price surge, rising over 90 times from around $3.67 per coin in December 2017 to over $330 in 2018. This explosive growth caught the attention of both retail and institutional investors. Wall Street analysts were surprised by the rapid ascent of Litecoin, with some calling it a “surprise” in the crypto space. Despite the volatility, Lee remained cautious, urging people to invest responsibly and not take unnecessary risks. He also clarified that his sale of Litecoin did not significantly impact the market, as it was only a small portion of the overall trading volume on platforms like GDAX. --- In summary, Litecoin continues to play a significant role in the cryptocurrency ecosystem, offering faster transactions and a more accessible mining process. While it may not match Bitcoin in market dominance, it remains a popular choice for those looking to diversify their crypto portfolios.

Portable Power Station

A portable power station is the best option if you need to juice up common personal electronics and small appliances while spending long periods of time away from household AC outlets, or if you want to have backup power ready to go in case of an emergency.

They have enough capacity to power a few small appliances for a short time. With a host of different outlets (standard 120v outlets, USB ports, and DC chargers), you can use the station to charge electronics, too. And the units often come with portable solar panels, to add more charging capabilities and extend runtime.

UPGRADED 250-WATT POWERFUL AC, USB AND 12V OUTPUTS: Comparing to similar Battery powered generators, Rockpals RP250W portable generator has upgraded the AC output to 250W continuous (300W surge max) dual AC outputs, built-in 2x USB 2.1A and 4x DC 12V ( 60W ) ports. Perfect emergency backup power for home/ travel/ camping, charging up your tablets, iPhone, iPad, laptops, fans, TV, lights and CPAP machine (*Use DC converter from your CPAP would get longer hours)

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