In addition to being a very affordable and very secure payment method, Litecoin is also a proven alternative to Bitcoin. Particularly when it comes to micro-transactions, such as paying for a cup of coffee. Additionally, the Litecoin community is working to introduce all kinds of new fintech gadgets that are actually designed for Bitcoin. Now, Litecoin developers are working on improving confidentiality (including confidential transactions and MimbleWimble), introducing the lightning network protocol, and building smart contract applications. The future of Litecoin looks very bright as a classic and safe altcoin.

A simplified version of Bitcoin, Litecoin eliminates some of its drawbacks. LTC is a classic altcoin with over six years of market experience. Litecoin traders can easily add software updates and new technologies.

As with Bitcoin, there is also a deficit here. There are only 84 million LTC in existence. Litecoin is very undervalued in comparison to other cryptocurrencies. For instance, Bitcoin is much slower and more expensive to use.