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Should I Buy | Litecoin October 2017
In October 2017, the decision to buy was a classic dilemma between a "stable" legacy coin and the explosive growth of the broader crypto market. At the time, LTC was priced between $50 and $60 . 1. The Market Context (October 2017)
Litecoin was the first major coin to activate SegWit in 2017, a major protocol upgrade that optimized block space. should i buy litecoin october 2017
A significant sell-off in September was driven by China’s regulatory crackdown on exchanges. Litecoin was particularly sensitive to this because it had a large base of Chinese investors. In October 2017, the decision to buy was
LTC was widely marketed as the "silver to Bitcoin's gold," offering faster block times (2.5 minutes vs. BTC's 10) and lower fees. 2. Reasons to Buy in October 2017 The Market Context (October 2017) Litecoin was the
There was growing excitement about the Lightning Network , a layer-2 solution for instant payments, which saw its first successful transaction on Litecoin months before Bitcoin.