Litecoin (LTC)

Litecoin was developed in 2011 as a faster and lower-cost alternative to Bitcoin. It is issued through mining and has a capped supply of 84 million coins. Litecoin is often used for quicker peer-to-peer payments, as well as for making business transactions such as at online electronics retailer Newegg, or at AMC Theatres’ virtual box office and concession stand. Litecoin holders can also use their coins at physical retailers like Whole Foods via payment networks such as Flexa. Compared to Bitcoin, Litecoin emphasizes transaction speed rather than being a primary store of value, with an average block time about four times faster than Bitcoin’s. Some investors view Litecoin as an established payment-focused asset with a relatively long operating history. When trading through Interactive Brokers, clearing and settlement occur on the Litecoin blockchain, typically within 15 to 30 minutes. IBKR Glossary: https://www.ibkr.com/campus/glossary Open an account at Interactive Brokers: https://ndcdyn.interactivebrokers.com/mkt/?src=glossaryCryptoAcc&url=%2FUniversal%2FApplication