Buy Bitcoin Invest in bitcoin slowly over time by scheduling buys weekly or monthly.Buy Bitcoin Start trading bitcoin Get profit from trading on Bitcoin price difference.Create bitcoin exchange accountIt's not just the price of bitcoin that's gone through the roof this week, the price of another cryptocurrency – litecoin – has rocketed too., which is based on data from the exchange BTC-e.Since then, the price has dipped to a still-respectable $42.7 which, for reference, is what 0.04 BTC would cost you at the moment, according to the CoinDesk BPI.There are currently just over 23,424,790 litecoins in circulation, so the recent price increase has brought the market cap of litecoins to over $1bn.Litecoin was created by Charles Lee, brother of BTC China's CEO Bobby Lee, as an alternative to bitcoin.It's based on the Bitcoin protocol, but it differs in that it can still be efficiently mined using consumer-grade hardware.Bitcoins, however, are now largely mined by ASIC machines that have been purpose built to do just that.

That's not to say that such machines won't be created to do the same for litecoin.In fact, Lee thinks there's a strong possibility of this happening."Currently, some think that Litecoin is more fair because there’s no Litecoin ASIC but it may just be a matter of time,” he told CoinDesk in an earlier interview.Another positive feature about litecoin is that transactions are confirmed faster than they are with bitcoin (around 2.5mins compared with around 8mins).Members of reddit's litecoin forum have been discussing why they think the price of litecoin has increased so dramatically over the past few days.One forum member believes the sudden interest in litecoin was caused by a tweet by political pundit and financial broadcaster Max Keiser, speculating that the price of the digital currency would increase to $50.Litecoin ($12) is up more than 100% since we recommended it last week.We are sticking to our $50 interim target.— Max Keiser (@maxkeiser) November 25, 2013 Others believe the spike was caused by low exchange rates between bitcoin and litecoin, so people have been using their BTC riches to buy cheap LTC.

Another argument is that people feel they have somewhat missed the boat when it comes to bitcoin.They saw people become millionaires on the few dollars they spent on BTC, so they've now invested in LTC just in case history repeats itself.Regardless of the cause, litecoin's price increase is impressive, and Lee hopes this will continue.“Litecoin is two years behind bitcoin in terms of our adoption, so it’s interesting to look into the future,” he said.“If we don’t screw it up, litecoin will follow on the coattails of bitcoin.There will be more merchant adoption, and it will become less speculative and more useful," he concluded.The trading of Litecoin on the world’s exchanges began at the end of July, 2012, and during that year and prior to April, 2013, the Litecoin price hadn’t exceeded 10 cents, and wasn't in special demand.Everything changed in March, 2013 when Litecoin suddenly began growing and reached $4.49 in the beginning of April, 2013.Staring in disbelief, a lot of traders sold their coin on April 10, 2013 at $4.49.

Probably, those who sold their Litecoin on March 2-3, 2013 at the price of $0.07 - $0.09 were very upset.Almost during the whole of 2013 Litecoin was falling from the top of $4.49, and by October, 2013, one Litecoin was priced at $1.7-$2.However, since the beginning of November the rapid growth, which continued throughout the whole of November, began.bitcoin lima peruThe peak which hasn’t been surpassed till now either was reached in the beginning of December.create litecoin farmTraders who bought Litecoin in those days for a price of $42.97 (December 5, 2013) will have to wait for a long time to close the transaction with profit.ethereum 1060 gtxFrom the top of $42.97 Litecoin steadily fell.litecoin price december 2013

On December 14, 2014 its price reached $3.40 (the same as today), and by the end of January, 2015 it had already moved to South of $1.20-1.40.Soon after, Litecoin began the rise from this bottom, having never fallen that low again since.The year 2015 was rather quiet for Litecoin.The price overwhelmed the level of $3 only by July, 2015, and since then Litecoin’s price was often about $3.setting up bitcoin for solo miningThe price chart for 2015 shows two noticeable tops: one at the end of July, 2015 when the price reached $5 for one Litecoin, and the second at the beginning of November when the price, for a while, passed a boundary of $4.3.litecoin growthBoth peaks of 2015 have their reasons.The Litecoin community in the middle of summer expected twice a reduction in the reward for block confirmation, and many considered that the Litecoin price therefore had to rise.

Because of these expectations of the market the price grew.Moreover, the unknown Chinese user who started the Ponzi scheme using Litecoin, as he accepted deposits only in this cryptocurrency and offered high dividends for the accounts of new investors.Investors got profit both on dividends, and on growth of the price of Litecoin.But soon the organizer of this scheme sold the collected 6 000 000 Litecoins and disappeared with a sum of about $18 million.However, the total amount of transactions that went through the address that possibly belongs to one of organizers of this scheme, exceeded about $30 million.This had a depressing impact on Litecoin.Only the autumn growth of Bitcoin had awakened a newinterest in life in Litecoin.By the beginning of 2016 Litecoin is in a stable position.Bitcoin grows for some months while the LTC:BTC pair exchange rates are stuck at the local bottom around 0.008.It means that Litecoin still has potential for growth.Many representatives of the crypto community criticized Litecoin for its conservatism, but this year, seemingly everything will change.