Up to 1400% from the beginning of the year, potential bitcoin rivals?

Last year, LTC hit an all-time high of $ 64.2 - up 1383% from the start of the year, when it was traded for only $ 4.33. By this morning, LTC prices have fallen slightly but still hold above $ 63.
If the value of the bitcoin has increased so high that its momentum may be slowing down, LTC will be appreciated by analysts in the near future. So how LTC is the money?
LTC is a coin founded by Charlie Lee, which operates on a blockchain but has its own characteristics. It uses a cryptographic platform instead of a SHA256 such as bitcoin, thus allowing the debugger to exploit bitcoin and LTC at the same time without a system conflict.
Currently, the market capitalization of LTC ranks fifth on the market with about $ 3.3 billion. Standing before LTC is XRP, BCC, ETH and BTC - currently capitalized at about $ 76 billion.
If bitcoin has a limited supply of VND21 million, the LTC miner also has a mining ceiling of VND84 million. So far, 52,679,982 LTC and 16,530,563 bauxite have been put into circulation.
Whilst trading lithium copper takes just over 2 minutes, bitcoin can take up to 100 minutes to complete. Talking about this difference, Charlie Lee, the founder of LTC explains that the main role of these two currencies is different. While LTC is a means of payment, the main role of bitcoin is to provide a means of storing value.
Mr. Lee used to work for Google then abandoned the company to set up LTC project in 2011.
Just like other digital coins such as ETH, XRP, LTC benefited from the strong momentum of bitcoin copper has attracted the interest of the international community, especially Asian countries.
Yesterday morning, 36.9% of the buy in LTC was made in yuan, followed by 22.4% in Korean won.
In Korea, officials are still trying to adjust the floating numbers that are floating in the market.
According to Thomas Glucksmann, director of marketing at Gatecino Gap, "the government will provide a fair level of legitimacy to the niche market and encourage the participation of individual and institutional investors."
Nearly 18% of the buy order for LTC made in brass bitcoin shows that investors are now seeking to diversify their holdings.
Earlier this year, the LTC community triggered an upgrade to a system called SegWit. This is likely to increase blockchain capacity and boost transaction speed. That was also the process that happened with BTC a few weeks ago.