<img class="size-full wp-image-1696 alignleft" src="https://gamblefaq.com/wp-content/uploads/2022/07/images-1-4.jpeg" alt="Litecoin online casinos" width="225" height="225" />Bitcoin still dominates the cryptocurrency industry. But interestingly, some old altcoins like Litecoin continue to thrive despite the debate about their outdated concept.

Today <strong>Litecoin is the 5th cryptocurrency by market capitalization</strong>. It does not support smart contracts and its main purpose is to mimic the concept of bitcoin. It is a peer-to-peer cryptocurrency and a public blockchain. It is open source, similar to Bitcoin but using a different cryptographic algorithm. This gives this cryptocurrency the ability to process more transactions with shorter block generation periods and cheaper fees.
<h2>Pros of Litecoin</h2>
<ul>
 	<li>Litecoin<strong> has been tested by time</strong> and managed to prove its reliability</li>
 	<li>It is <strong>cheaper</strong> and often <strong>more stable</strong> than its counterparts</li>
 	<li>Faster and cheaper way to conduct transactions compared to bitcoin</li>
 	<li>its total supply is capped at 84 million LTC, which suggests that the deficit level will be maintained for a long time to come.</li>
</ul>
<h2>Cons of Litecoin</h2>
<ul>
 	<li>Since it is still a cryptocurrency, it can also exhibit <strong>extreme volatility</strong> compared to traditional assets</li>
 	<li><strong>Does not support smart contracts</strong></li>
 	<li>Some investors despise this cryptocurrency because it is the 2nd most popular on the Dark Web due to its anonymity.</li>
</ul>