Forex Brokers That Accept Litecoin Payment Method for Deposit and Withdrawal

Pioneered by former Google engineer Charlie Lee in 2011, Litecoin was initially formed out of curiosity. Lee replicated Bitcoin's blockchain network by adding an anti-hacking technology called Scrypt. This technology requires users to solve a puzzle before making a new transaction on the blockchain. Litecoin and Bitcoin use the same consensus algorithm, namely proof of work. They also both have a limited supply but with different amounts. 

Litecoin was designed to be a faster and more efficient version of Bitcoin. It has a shorter block time (2.5 minutes compared to Bitcoin's 10 minutes), which means that transactions are processed faster. Litecoin also has a larger total supply (84 million compared to Bitcoin's 21 million), which makes it more divisible and easier to use for smaller transactions.

Continue Reading at Why Does Litecoin Fail to Compete with Other Altcoins?

Amidst the controversies surrounding Litecoin, some analysts believe that the pioneer altcoin is still worth holding. Analysts from WalletInvestor, Trading Beasts, and The Economy Forecast Agency predict that Litecoin's price may reach $1,000 in the next five years.

As Litecoin is identical to Bitcoin, some investors consider its price will significantly increase when inflation rises. Additionally, market players still consider Litecoin in terms of its price because it is cheaper than Bitcoin. This can be a positive catalyst for Litecoin in the future. Furthermore, Charlie Lee has returned to Litecoin, and the cryptocurrency community believes this event can restore Litecoin's credibility as the pioneer of altcoins worldwide.

Continue Reading at Why Does Litecoin Fail to Compete with Other Altcoins?

We have made a list of the best forex brokers in Nigeria:

1. IC Markets: Best for commission trading.
2. FXTM: Regulated forex broker with various educational events.
3. HF Markets: Popular broker with attractive bonus programs.
4. OctaFX: Best broker for easy deposit and withdrawal.
5. XM: Best broker with low spreads.
6. Exness: Great for professional traders.
7. AvaTrade: Multi-regulated forex broker.
8. FP Markets: Suitable for advanced traders.
9. FBS: Popular broker with diverse trading instruments.

Continue Reading at Best Forex Brokers in Nigeria

1. Alfa Forex owns dual licenses from Central Bank of Russia as well as CySEC. Therefore, they have sufficient legal background and compliant with the rules of client protection.
2. FINAM facilitates trading for several asset classes, including forex, shares, bonds, options, and futures, aside from banking.
3. VTB Forex proclaimed itself as the leader of forex market in Russia. The broker facilitates trading on 24 currency pairs (including rubles) through Metatrader5 with minimum transaction of 0.5 lot and maximum leverage 1:40.

Continue Reading at Best Forex Brokers in Russia