LITECOIN

ABOUT LITECOIN

What is Litecoin?

Litecoin is a digital currency similar to Bitcoin. Transactions are secured with cryptography and recorded on the blockchain. Litecoin was launched in 2011.

Why trade in litecoin?

Litecoin is growing in popularity among traders. Some of the reasons for this are as follows:

  • Litecoin is quicker and cheaper than Bitcoin.
  • It is decentralised and therefore not affected by political unrest.
  • It is likely to become more relevant, along with other cryptos, as societies move away from cash and towards electronic payments.
  • Transactions are more secure than transactions made with credit or debit cards.
  • Transactions are private.
ABOUT ETHEREUM

What we offer?

Nascent Assets will advise you on the know-how of Litecoin trading. You will be guided through the steps taken in buying Litecoin, managing your capital and giving you an idea of how much should you choose to trade. Contact us if you would like to receive more information.

What are the risks in Litecoin trading?

Inexperienced traders should always seek the guidance of experts before trading in Litecoin. Some of the risks associated with trading in Litecoin are as follows:

  • The price is volatile, meaning you could lose money if you trade at the wrong time.
  • Digital currency exchanges can be hacked.
  • If the government of a major economy decides to ban or impose tough regulations on cryptos, the price will be adversely affected.
  • The long-term value of Litecoin depends on how widely blockchain technology is used.
  • Litecoin could be rendered obsolete in the future if a technology emerges that allows for quicker and more secure digital transactions.

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