Litecoin is basically like Bitcoin but in the form of a different currency.

Internet Era Money:

Litecoin is a decentralized digital currency that enables lightning transactions anywhere around the world. The coin is backed by leading technology and infrastructure worth billions of dollars in trade volume and liquidity.

The Forex Market:

There are many currencies in the world such as the United States Dollar (USD), the Canadian Dollar (CAD), the Euro (EUR), the Chinese Yuan (RMB), the Japanese Yen (JPY) and the Australian Dollar (AUD), and more. The “Litecoin” is also another form of currency. Litecoin is a digital currency and has a circulation of 84,000,000 LTC (84 Million coins).

The Rarity of the Litecoin (LTC):

There is only 84 Million Litecoins in circulation, and also precious metals are rare and can be found. The more gold that is discovered, the less rare the metal. Such as currency for example. The federal reserve and also the Bank of Canada prints money to help with economic activities and also distributes the currencies to the banks. Even currency is created, thus enabling inflation and that is why products or services, even housing becomes more expensive each year.

With the rarity of Litecoin, the supply is limited, thus as the coin is distributed it becomes even more rare. The price of Litecoin will eventually rise as demand for the coin will rise. Again no one company or person controls the coins. The coins are distributed just like the precious metals and cash. The Litecoins are valued by the people that store the coins or use these coins for transactions.

Litecoin (LTC) is also one of the value of the most precious coins in the future as with Bitcoin. As Bitcoin is the primary coin; Litecoin comes in secondary and will also follow the same pricing as Bitcoin.