It'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.bitcoin cd key shopLitecoin ($12) is up more than 100% since we recommended it last week.bitcoin price today in inrWe 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.litecoin cpu list

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.reddit bitcoin mining guideThere will be more merchant adoption, and it will become less speculative and more useful," he concluded.litecoin miners listAdd your comment to this page This Egyptian Pound and Litecoin convertor is up to date with exchange rates from June 24, 2017.bitcoin ncr

Enter the amount to be converted in the box to the left of Egyptian Pound.Click on Litecoins or Egyptian Pounds to convert between that currency and all other currencies.Egyptian Pound (EGP) Litecoin (LTC) Other countries and currencies The Egyptian Pound is the currency in Egypt (EG, EGY).The symbol for EGP can be written £E.The Egyptian Pound is divided into 100 piasters or 1000 milliemes.The exchange rate for the Egyptian Pound was last updated on June 20, 2017 from Bloomberg.bitcoin china cinco diasThe EGP conversion factor has 4 significant digits.bitcoin charts btc-eEGP LTC 10.00 0.01165 20.00 0.02331 50.00 0.05826 100.00 0.11653 200.00 0.23305 500.00 0.58263 1000.00 1.16527 2000.00 2.33054 5000.00 5.82635 10,000.00 11.65269 20,000.00 23.30539 50,000.00 58.26347 100,000.00 116.52694 200,000.00 233.05387 500,000.00 582.63469 1,000,000.00 1165.26937 2,000,000.00 2330.53875 EGP rate June 20, 2017 LTC EGP 0.02000 17.25 0.05000 43.00 0.10000 85.75 0.20000 171.75 0.50000 429.00 1.00000 858.25 2.00000 1716.25 5.00000 4290.75 10.00000 8581.75 20.00000 17,163.50 50.00000 42,908.50 100.00000 85,817.00 200.00000 171,634.25 500.00000 429,085.25 1000.00000 858,170.75 2000.00000 1,716,341.25 5000.00000 4,290,853.25 LTC rate June 24, 2017 Print the charts and take them with you in your purse or wallet while you are traveling.bitcoin viewtopic

People have often described litecoin as silver to bitcoin's gold.It is the third largest cryptocurrency after bitcoin by market cap, with Ripple sitting in second place.Litecoin was developed as a bitcoin alternative to address some of that cryptocurrency's perceived shortcomings.It was designed to be ‘lightweight’ and more abundant than bitcoin.In addition, it uses scrypt as its proof-of-work algorithm, which was aimed to make it impervious to ASIC mining, although several companies say they are planning to launch scrypt ASIC miners in the near future.A total of 84 million litecoins can be produced on the network (compared with 21 million BTC), which was designed to process blocks faster than bitcoin.If you would like to know a bit more about litecoin, then read this more detailed introduction on how to get started.Some points of note before you buy litecoin: If you are aware of the risks, if you’ve done a lot of research and you are still willing to enter the litecoin market, there are a number of potential pitfalls and issues that need to be addressed.

Buying litecoins is not as straightforward as buying bitcoins, but this is hardly surprising given the lesser-developed litecoin infrastructure.One of the easiest ways of buying litecoins is to simply purchase them with bitcoins – this approach also happens to be the fastest, and for most users it will be the cheapest option.Anyone with a stash of bitcoins can easily use them to purchase litecoins on a number of exchanges: At present, one of the biggest issues facing litecoin is the lack of exchanges willing to deal in it.There are roughly two dozen litecoin exchanges, but most of them only allow BTC/LTC conversions, making the buying process cumbersome.BTC-E, Bitfinex, Crypto-Trade and Kraken sell litecoins for euros, dollars and roubles, but availability depends on your location.For example, UK investors can buy litecoins directly from Bittylicious and BitBargain with a domestic banking transfer, but this is not the case in most countries.Australians can convert to and from AUD at CoinSpot.

You can buy litecoins for fiat on these exchanges: You may think the most straightforward way to purchase would be to buy litecoin via fiat wire transfer using an exchange, but this can be a tedious process for a number of reasons.Some major bitcoin exchanges like BTC China and Coinbase do not handle litecoin transactions at present.Speed is the most obvious advantage of using bitcoin to buy litecoin.In theory, it should take just minutes, whereas international wire transfers can take days to clear and potentially incur additional costs.The limited number of litecoin exchanges means that the vast majority of potential investors have to rely on international transfers.An alternative is to buy bitcoin locally, forgoing the hassle of wiring money abroad, and converting it into litecoin.The upside is that you will get your bitcoin sooner and possibly get a better price when you convert it, provided litecoin's value keeps going up.You are likely to pay more for bitcoin if you are limited to the local market.

A number of exchanges offer online litecoin wallets, but they are hardly elegant solutions.Many users will want something more secure, like cold offline wallets.Luckily, litecoin features built-in encryption that you can use to protect your wallet in just a few clicks.That said, the choice of litecoin wallets is rather limited compared to those available for bitcoin.Many users choose to use the official Litecoin-Qt desktop client, but it has its fair share of foibles, including reported syncing issues.Electrum also has an offering (OS X/Linux/Windows) using a 12-word security passphrase (or 'seed') to protect your account.A few online wallets charge users for transactions and even plain storage, so be sure to read the fine print.For longer-term cold storage, you may want to setup a litecoin paper wallet.It is also possible to get credit card-quality ‘paper wallet’ cards from Crypto Coin Wallet Cards, while a few smaller companies are already selling physical litecoins or coin holograms.