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Mansoor Ahmed Selected

Mansoor Ahmed

1 year ago
Litecoin’s volatility is likely to be driven by similar factors to bitcoin, for example:

Regulation: cryptocurrencies are currently unregulated by governments and central banks. There are questions about how this could change in the next few years, and what impact this could have on value.
Supply: there is a finite number of litecoins available to be mined (84 million). Availability can also fluctuate depending on the rate at which the coins enter the market.
Press: prices of litecoin can be affected by public perception, security, longevity, and the prices of other cryptocurrencies such as bitcoin.
Adoption: litecoin hasn’t currently been adopted by businesses or consumers as a method of payment. But, some see potential in blockchain technology and think this could become more widely adopted in the future.