Litecoin is often compared to Bitcoin, and for good reason: the two digital currencies are closely related, with Litecoin having been heavily influenced by its older peer when it was developed in 2011. Both share a deflationary nature, with the supply set to taper in the next few years.First, Litecoin has a lifetime cap of 84 million coins, which is four times higher than the total number of Bitcoins that can be mined. Litecoin has a time of 2.5 minutes, compared with 10 minutes for Bitcoin. In practical terms, this means that transactions involving Litecoin will be confirmed four times faster than those for Bitcoin, according to Seeking Alpha's Melwin Phillip.Litecoin's mining algorithms are significantly simpler than those of Bitcoin, meaning it can be mined on computers which are less powerful and that it will take less energy.
Agreed. Holding LTC is a must. When BTC will hit 100,000 USD it will be valued at 10k at least