What is LTC Coin (LTC Coin’s Prospects in 2020)?

What is LTC Coin? What is LTC Coin? What is it and why use it to issue your own digital assets?

We know that in the field of cryptocurrency there are many types of tokens based on blockchain, but they are all supported by decentralized exchanges (DEX). For example, Uniswap is a decentralized trading platform built on Ethereum, which allows users to use its native token UNI as collateral for leverage mining, loans, derivatives, and other operations. These applications include trading markets, lending protocols, insurance products, or liquidity pools. For those who want to convert their digital assets into other cryptocurrencies, this may be a very interesting investment activity. However, it can be more difficult for some inexperienced users to understand this. To address this issue, we will adopt a new mechanism-LTC. By making LTC as programmable as BTC and distinguishing it from Bitcoin, an borderless and secure network can be created for all digital assets. There are already many blockchain-based applications that use LTC coins because they are able to achieve fully automated and trustless peer-to-peer exchange solutions. In addition, as more and more countries accept this technology and it is widely adopted, people can start investing in similar products and services.

What are the prospects of LTC Coin in 2020?

Recently, the market has warmed up, and the price of Bitcoin has risen from nearly $20,000 in December last year to a peak of over $14,000. On May 1, 2019, it broke through the $16,000 mark, with a increase of more than 20%. It is currently in a rebound phase, but there has not been a significant fluctuation in the current market environment. How is the prospects of LTC coin in 2020? How did the price of LTC coin in the first half of 2020 come about? Will there be new hotspots and more investment opportunities?

According to statistics, in the past year, the total market value of LTC coin has increased by 104%, and the trading volume has also increased by 270%. Since the first quarter of 2019, the average weekly trading volume of LTC coin has been $1.3 billion; in the second quarter, it reached $1.7 billion. In early June this year, its daily trading volume exceeded RMB 3 billion, with a growth rate close to 40%; From the third quarter to date, the cumulative transfer value is approximately RMB 457,000, with a growth rate of 60%.