Litecoin is a form of digital currency, similar to Bitcoin. It's often called "lite" because it is designed to be faster and more efficient than Bitcoin. It can be used to buy things online or stored as an investment. Full definition
In his announcement Lee explains that over the last year he tried to avoid making public statements on Twitter about the price of litecoin as he would always be accused of doing so to push the price up or down in order to improve his personal position in the markets. (ccinews.net)
Because of the short - term profit from traders, there is a high resistance experience for Litecoin price development for the moment. (dailybitcoinnews.com)
The foundation has been accepting Bitcoin payments since 2011 and added support for Litecoin in 2013. (cryptoground.com)