Litecoin Core Question

[journeyman12]

Hello all.

For 2 years I am a small time trader in Bitcoins at LBC.
Besides of knowing how to trade, I have few knowledge (yet) about Bitcoins and Altcoins.

Am I right that the word ¨Altcoins¨ stands for all other crypto currencies?

So, Litecoin is an Altcoin ?

I downloaded Litecoin Core and installed it.
After opening it, it is syncing now for almost an hour and it states ¨3 years and 52 weeks behind¨.
Once synced can I use this wallet more or less the way Electrum works?

[1714913095]

1714913095

[1714913095]

1714913095

[1714913095]

1714913095

[1714913095]

1714913095

[MoonIsBlue]

Hello all.

For 2 years I am a small time trader in Bitcoins at LBC.
Besides of knowing how to trade, I have few knowledge (yet) about Bitcoins and Altcoins.

Am I right that the word ¨Altcoins¨ stands for all other crypto currencies?

So, Litecoin is an Altcoin ?

I downloaded Litecoin Core and installed it.
After opening it, it is syncing now for almost an hour and it states ¨3 years and 52 weeks behind¨.
Once synced can I use this wallet more or less the way Electrum works?

Yes, generally speaking any coin besides BTC is an altcoin, so yes LTC is an altcoin. I think you can, I've never had the patience to use core wallets I think you can understand why. But I think with the core wallet some things will be a little different such as choosing a fee and stuff like that. But in all forms of sending/receiving etc its completely the same.

[journeyman12]

Thank you, Moonisblue !

[Alexander_Z]

Hello all.

For 2 years I am a small time trader in Bitcoins at LBC.
Besides of knowing how to trade, I have few knowledge (yet) about Bitcoins and Altcoins.

Am I right that the word ¨Altcoins¨ stands for all other crypto currencies?

So, Litecoin is an Altcoin ?

I downloaded Litecoin Core and installed it.
After opening it, it is syncing now for almost an hour and it states ¨3 years and 52 weeks behind¨.
Once synced can I use this wallet more or less the way Electrum works?

There is a fork of Electrum for Litecoin, Electrum-LTC: https://electrum-ltc.org/. I have no personal experience with it, but looks like it is used by many without issues.

[journeyman12]

Thank you Alexander.
Will go and take a look at it.

[TannerLCC]

Just to add a vote for electrum-ltc.

(However as a side note, be wary of other non BTC/LTC/DOGE electrum wallets; just because an electrum wallet appears for a new BTC fork or alt, doesn't mean it's trustworthy. I don't recall which BTC fork, but one of the high profile sadly had an issue with a compromised electrum wallet being available.)

[journeyman12]

Hello all.

For 2 years I am a small time trader in Bitcoins at LBC.
Besides of knowing how to trade, I have few knowledge (yet) about Bitcoins and Altcoins.

Am I right that the word ¨Altcoins¨ stands for all other crypto currencies?

So, Litecoin is an Altcoin ?

I downloaded Litecoin Core and installed it.
After opening it, it is syncing now for almost an hour and it states ¨3 years and 52 weeks behind¨.
Once synced can I use this wallet more or less the way Electrum works?

Yes, generally speaking any coin besides BTC is an altcoin, so yes LTC is an altcoin. I think you can, I've never had the patience to use core wallets I think you can understand why. But I think with the core wallet some things will be a little different such as choosing a fee and stuff like that. But in all forms of sending/receiving etc its completely the same.

Thank you, MoonIsBlue.

What prog/wallet do you use to send and receive LTC ?