Charts Market capitalisation Total Bitcoins In Circulation Bitcoin price chart Litecoin price chart Total Transaction Fees Number Of Transactions The graph above shows changes in Litecoin’s exchange rate to the U.S.Taking into account the fact that the price of a cryptocurrency is set by the supply and demand equilibrium, Litecoin is a true functional currency.One can observe the relationship between the rise and fall of Litecoin’s exchange rate to Bitcoin.This behavior is similar to the correlation between gold and silver.When one speaks of a cryptocurrency, most people will think of Bitcoin.However, there is also Litecoin, which currently has the second highest capitalization among all existing cryptocurrencies.One of Litecoin’s main advantages is the rate, at which a new block is generated.Complexity is selected to have a new block generated every 2.5 minutes, which is four times faster that the rate of generating a new block of Bitcoin.It is expected that investments will soon flow into Litecoin in much the same way it happened with Bitcoin.

Investors began to note Litecoin’s potential given that, over its lifetime, the price of Litecoin has been 2-5% of Bitcoin’s value.For example, when Bitcoin was at $1,110, Litecoin’s price was $43 or about 4%.Today, the price of Litecoin is 2% of Bitcoin’s price.In the long run, Litecoin’s exchange rate is expected to climb due to a rise in Bitcoin’s exchange rate and an increase in the cryptocurrencies’ ratio of up to 5% as it happened in November 2013.At this stage, Litecoin is one of the best options to earn money via cryptocurrency speculation.Through our exchange, you can buy Litecoins right away!Log in Email Password Captcha ?One time password Forgot password Email Captcha Account Your nickname: Post link to a profile to a social network YesNoBitcoin broke through the $1,900 mark for the first time on Friday, hitting an all-time high, driven by global political uncertainty and key developments within the cryptocurrency world.

The digital currency was trading at around $1,951.87 on Friday morning, according to CoinDesk's bitcoin price index.The current level marks a more than 6.8 percent rise from a week ago.Bitcoin's market capitalization is now $31.89 billion, up more than $4 billion from Monday.10 gh/s bitcoin miner buyA number of factors are responsible for bitcoin's rise, from increased trading in Japan to debates over the future of bitcoin's underlying technology.site fiable bitcoinJapan and Korea driving trade Trading volumes in Japanese yen and Korean won have risen and combined account for around 48.6 percent of trading, according to data website CryptoCompare.bitcoin poker philippinesThat's thanks to recently passed legislation that allowed retailers in Japan to begin accepting bitcoin as a legal currency.bitcoin paypal chargeback

Since then, Japan has been a big driver of bitcoin trade.Japanese yen bitcoin markets are also trading higher than U.S.dollar markets, with the yen-bitcoin cross trading at 228,783.29 yen or $2,058.This is higher than CoinDesk's bitcoin price index.litecoin estimated earningsGiven that the Japanese yen has the highest share of bitcoin trading at the moment, this is helping push prices higher.litecoin asic possible"Arbitrage between the fiat pairs drags markets up or down in line with leading markets.At present, volumes on the KRW and JPY pairs dominate trading with a combined 48 percent market share," Charles Hayter, CEO of CryptoCompare, told CNBC by email on Friday.Political uncertainty In the past, bitcoin has acted as a safe haven for investors worried about political instability and the performance of other asset classes.

equities saw a sell-off this week before rebounding, while the political establishments in America and Brazil are facing potential scandals.Investors are concerned that President Donald Trump might not be able to deliver on his promise of tax reform, deregulation and infrastructure spending.At the same time, a report on Tuesday said that Trump allegedly asked ousted FBI Director James Comey to "let go" of the investigation into former national security advisor Michael Flynn.Elsewhere, Brazilian President Michel Temer allegedly authorized bribes to silence a witness in a corruption scandal.Political turmoil in the world could be supporting bitcoin, analysts said.The 'fork' debate Behind the scenes, there is a debate in the cryptocurrency world about the underlying technology behind bitcoin known as the blockchain.At the moment, bitcoin transactions are taking an unusually long time to process and come with high transaction fees.Many in the community wanted to initiate what is known as a "hard fork".

This would have led to the creation of two separate digital currencies.For the full explanation of the debate, click here.But an experiment with another cryptocurrency called Litecoin showed that a "hard fork" might not be needed and this has buoyed investors.The idea shown with Litecoin — the full explanation of which can be found here — showed the bitcoin community that there is a chance to speed up transactions and the backlog that has ensued."The new developments on Litecoin, which is experimenting with alternative scaling solutions may offer a brighter future for bitcoin, and a longer-term price increase, if those similar solutions can be applied to its network," Aurelien Menant, founder and CEO of Gatecoin, a regulated bitcoin and ethereum token exchange based in Hong Kong, told CNBC by email.Where next for bitcoin?In the annual "Outrageous Predictions" produced by Steen Jakobsen, chief economist at Saxo Bank, in December, it was noted that bitcoin could hit $2,000 in 2017.This now looks very likely and others have put a higher price target on it.