How much is one Litecoin to naira; Bitcoin and Ethereum are currently the cryptocurrencies with the highest market capitalization. They are also the most popular, and for this reason, many investors focus on them while sidelining other cryptocurrencies that are also profitable. One such cryptocurrency is Litecoin. Litecoin is almost as old as Bitcoin, but it never gained traction like it. Most veteran crypto traders are conversant with Litecoin and how it works, but that is about to change for beginner crypto traders today.
What is Litecoin?
Litecoin (LTC) is an altcoin, an alternative cryptocurrency to Bitcoin. It was created from a fork in the Bitcoin blockchain in 2011 to address significant issue developers noticed. Developers were concerned that Bitcoin was becoming too centrally controlled by institutional bodies, and that defies the “decentralized” nature of Bitcoin. By creating Litecoin, Developers made it harder for large-scale mining firms to gain the upper hand in mining. This strategy, exploiting the utility of Litecoin, was successful until it wasn’t. Today, Litecoin has rebranded itself into a minable cryptocurrency with use cases in SMEs.
Litecoin is an ideal digital asset that is a reliable payment method for merchants and consumers since it assures instant transaction confirmations. It uses a proof of work (PoW) consensus to secure the network, similar to Bitcoin. However, the hashing algorithm its network uses differs from that of Bitcoin. Litecoin uses Scrypt, while Bitcoin uses SHA-256.
As of 2022, an estimated 14 million Litecoins were left to mine. Currently, Litecoin has a market capitalization of 5.06B USD with a circulation supply of 74.18M.
How much is one Litecoin to naira
If you’ve been wondering how much is one Litecoin to naira?, here’s your answer.
The current market capitalization of Litecoin is $5.06B, with a volume of $74.18M. Litecoin peaked at $386.45 in May 2021 during the crypto bull market. After the bull market in 2021, the prices of all cryptocurrencies have reduced drastically, and LTC was affected.
The current price of 1 LTC in naira is 87,040. Keep in mind that the value of crypto is volatile, and this price can change at any time.
How much is $100 LTC to Naira?
If you want to sell a $100 Litecoin for naira, ensure that you calculate the rates first so that you can always get the best deal. Comparing rates ensures that you sell at the best rates and get high profits.
The best tool for calculating the rate of Litecoin is the Astro Africa rates calculator. According to the calculator, for a $100 LTC, your account will be credited with NGN 138,000. This is the highest rates you’ll get on any platform.
Bitcoin vs Litecoin: how are they different?
So, if Litecoin is an “altcoin” or alternative to Bitcoin, what are the significant differences between Litecoin and Bitcoin? Below are some of the aspects that differ between the two cryptocurrencies.
- Algorithm: While Litecoin and Bitcoin use PoW, they operate on different algorithms. For example, Scrypt supports Litecoin’s process of using hashing functions to help verify blocks in the system. On the other hand, Bitcoin uses the fast-running SHA-256 algorithm to help encrypt their blockchains.
- Demand: Bitcoin’s maximum supply of 21 million coins is four times less than Litecoin’s supply.
- Confirmation times: Litecoin averages about 2.5 minutes to confirm a single transaction, while Bitcoin averages around 9 minutes.
How can i sell my litecoin for cash?
To sell Litecoin for cash, you must first find a platform that cater to your trading needs. What should you look for in a platform? For most traders, they are looking fir a platform that is easy to navigate and sells crypto at the best rates. If these features are present on the platform, then you can go ahead to sell Litcoon for cash. Once you’ve selected an exchange platform like Astro Africa, you cam go ahead to trade crypto for cash and get paid immediately.
What is the best app to sell my Litecoin for cash?
The best app to sell Litecoin for cash is Astro Africa. Astro Africa is customer centric exchange platform that allows crypto users to sell their crypto assets for cash. You can sell Litecoin for naira on the Astro Africa App on Google playstore or App Store and get paid immediately.
Where to sell Litecoin in Nigeria?
Astro Africa is the best place to sell your crypto in Nigeria. Astro Africa allows you to trade Bitcoin at the best rates and get paid immediately. The platform is easy to use, with a user-friendly interface that makes navigation seamless. In terms of security, your assets are always safe with Astro Africa as we exploit the best security technologies to ensure that your assets are never prone to hacks by unauthorized third parties. To get started, visit the Astro Africa website or download the app from Google playstore or the App Store.
Read also: How much is 1000 TRX in naira?
