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Meta: If you are a newbie in the digital currency world, you must have a lot of questions to yourself whether to buy Litecoin or when to buy Litecoin. Through some of our analysis herewith, we will give you a new look on Litecoin and assist you to make decision. 
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Even founded 3 years later than Bitcoin, Litecoin is gradually widespread sought by many investors  on the globe. According to a recent article on Seeking Alpha - Litecoin, which is also called "Silver Bitcoin," may be one of the most valuable digital coins. So one of the major questions from many investors is when to buy litecoin so they can get maximized benefits.

1. What is Litecoin?

In October 2013, former Google engineer, Charles Lee introduced to the world a new Altcoin: Litecoin.

Litecoin is introduced as the “silver” to Bitcoin's gold, promising to be the algorithmic currency that will overcome many Bitcoin disadvantages.

Litecoin is currently the fourth largest currency, with a market capitalization of $ 2,128,876,125 billion. This makes it one of the most active competitors of the digistal currency market.
If you are evaluating two types of cryptographic currency which are Bitcoin and Litecoin, they could be twins - sharing dozens of valuable traits.

Litecoin offers faster transaction confirmation time compared with the leading math-based currency. Also, Litecoin can process higher volume of transactions because it has faster block generation than that of the other currencies.

2. What is Litecoin Value?

Like Bitcoin, Litecoin was created to provide a peer-to-peer transaction system. It allows individuals to make payments or transactions anywhere in the world without paying fees.
Litecoin also operates as a global currency, eliminating the need to adjust value if you trade currency on a global scale.

Similar to Bitcoin, Litecoin is an open source network which is decentralized. There is no central authority, building, or headquarters. Mathematics helps secure the network and allow individuals to control their money. This means it is much safer than cash. And because no government can regulate or over-produce, Litecoin's value lies in the hands of the people.

Like most cryptocurrencies, Litecoin can be gained through a process called "mining". Miner use computers to process Litecoin transactions, which are presented in the form of algorithms that computers must deal with. When the computer solves the problem, many of the Litecoins are added to the network and the miners will be rewarded with their shares.

There is a fixed amount of Litecoin in the world. The volume of Litecoin never exceeds $84 million. Once we reach that point, the Litecoin coin is likely to be broken down into payments over time.
Litecoin mining and finite shield help against hyperinflation. It also allows the currency to adjust itself.

It is clear that Bitcoin and Litecoin are similar in many ways, but they are also very different.
It is the work algorithm. Bitcoin uses SHA-256 as the hashing algorithm engaging calculations which can be worked in parallel processing whereas Litecoin uses the scrypt algorithm which comes from  the SHA-256 algorithm, but scrypt calculations are more serialised than the SHA-256 of Bitcoin.

3. When to buy litcoin

Whenever you are ready! Litecoin is on a strong growth path and if you ignore this great lucrative trade, you are losing the onetime business opportunity.
"Just invest in Litecoin by 1% of your portfolio, the value of the profits you can get can be equal to the current value of Bitcoin," said Geekelene Caveney, a journalist from Seeking Alpha. As you know, BTC is now owning very high prices.

Journalist Geoffrey Caveney of Seeking Alpha has also provided convincing evidence for future growth in Litecoin.

Litecoin has completed Segwit in May, which created a real revolution and fueled Litecoin's growth. Litecoin does not need to go through any battles and agrees with Segwit.
In addition, these small electronic coins can easily accommodate upgrades and improvements over Bitcoin.

After analyzing Litecoin's route, you will finally see the clear future of Litecoin and know the answer to the question of when to buy litecoin?

4. How to buy Litecoin

It is apparent that Litecoin will be a powerful mathematical currency. Of course, it is still too early in the game to speculate on who will win the cryptocurrency race.

Actually, there is no winner. Futuristic financial systems can operate on dozens of types of cryptocurrencies. Litecoin could be one of them. Luckily, Litecoin is a kind of cryptographic currency that is quite easy to buy for investors. Its popularity and appeal have earned it a place on Coinbase, which is still the foremost and largest cryptocurrency exchange for novice investors.
The simplest way to buy a Litecoin is to create a litecoin wallet. Just like Bitcoin, Ethereum or any other virtual currency that you want to transact, receive and save, a wallet is required, so is Litecoin. You have to create a Litecoin wallet.

Once you've set up your username and password, you can enter your bank information.
You can buy this cryptocurrency on Coinbase via credit card, bank account or PayPal. This gives you complete freedom when buying coins.

In the following part,  we will guide you further on how to create a litecoin wallet.
First, please visit https://litecoin.org/ then click on the Download menu as shown the below photo to download Litecoin wallet software compatible with your operating system.

After you download the software to the computer, double click on the software to proceed with the installation.

Choose Next

Select the drive to install the software, select drive D or drive E. Then click Next

Click on Install

Continue with Next

In this step, you choose Finish to complete the installation of Litecoin wallet software. When you have finished installing the software on your Desktop, your computer will have an icon of Litecoin software; you can start to open the software.

At this point, the software will start loading the .dat file of Litecoin. You will find it lighter, you just let it run until all downloads are complete, because the Litecoin software need to record  Money on file .dat. After you have finished loading, click on Receive to get your wallet address.

Address the Litecoin wallet will be given under the form like this  "LY4L2RHogaDd8ZuRUHWPMpe6dMwbbjxKwc". To send Litecoin to one another, you click on Send

Enter the recipient's address in the "Pay to" section; Label section to write in Litecoin's chain block diary; Amount is the amount you want to send, etc. It is quite the same as you send Bitcoin.

When someone else wants to send you a certain amount of Litecoin, you send them the address of your Litecoin wallet to receive it.  We wish you good luck in your Litecoin investment.
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