Research Study
Coin Report: Litecoin (LTC)
An overview of Litecoin and its potential use cases
by Fidelity Digital Assets
July 17, 2024 • 18 min read
Executive Summary
Litecoin is a peer-to-peer digital asset that enables near instant, low-cost payments to users worldwide. It was designed in 2011 with the goal to improve upon Bitcoin by offering faster transaction times and lower fees, making it a potentially attractive option for day-to-day exchanges and micro-payments.
Fidelity Digital Assets’ “Coin Report” series provides readers with a foundational understanding of a unique asset and examines its strengths and weaknesses. This report specifically highlights Litecoin and explores its long-term potential in the digital asset market, covering topics including:
- How Litecoin seeks to provide a cost-effective alternative for both transactions and onboarding new users to Layer 2 solutions
- An overview of existing competition from stablecoins and other blockchains as it relates to speed and affordability
- Why Litecoin does not appear to be a serious competitor to bitcoin as a store of value based on its current state
Overall, steep competition from Bitcoin and other alternative coins along with scalability issues pose significant hurdles for the asset. However, Litecoin could still have a niche opportunity as both an onboarding option and testing ground for future Bitcoin upgrades.
Download the report now to uncover in-depth insights about Litecoin’s potential, market trends, and strategic opportunities.
The information herein was prepared by Fidelity Digital Asset Services, LLC (“FDAS LLC”) and Fidelity Digital Assets, Ltd (“FDA LTD”). It is for informational purposes only and is not intended to constitute a recommendation, investment advice of any kind, or an offer to buy or sell any asset. Perform your own research and consult a qualified advisor to see if digital assets are an appropriate investment option.
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