Litecoin, known to some as the digital silver and for being the first altcoin, is different due to its ASIC-resistant algorithm, the increased money supply, and shorter block times. However, it may also be the best cryptocurrency to utilize as a storage of value.
While many cryptocurrency holders would love to use bitcoin as a storage of value, it is simply too volatile for most investors to allocate a significant amount of their savings into. While bitcoin is currently trading at prices we last saw in June; there are no certainties exchange rates will stay at this level. While prices have doubled since this time last year, the price of bitcoin could move that same amount, but in the negative direction...
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