Research Study

Coin Report: Litecoin (LTC)

An overview of Litecoin and its potential use cases

by Fidelity Digital Assets

Executive Summary

Litecoin is a peer-to-peer digital asset that enables near instant, low-cost payments to users worldwide. It was designed in 2011 with the goal to improve upon Bitcoin by offering faster transaction times and lower fees, making it a potentially attractive option for day-to-day exchanges and micro-payments.

Fidelity Digital Assets’ “Coin Report” series provides readers with a foundational understanding of a unique asset and examines its strengths and weaknesses. This report specifically highlights Litecoin and explores its long-term potential in the digital asset market, covering topics including: 

  • How Litecoin seeks to provide a cost-effective alternative for both transactions and onboarding new users to Layer 2 solutions 
  • An overview of existing competition from stablecoins and other blockchains as it relates to speed and affordability 
  • Why Litecoin does not appear to be a serious competitor to bitcoin as a store of value based on its current state


Overall, steep competition from Bitcoin and other alternative coins along with scalability issues pose significant hurdles for the asset. However, Litecoin could still have a niche opportunity as both an onboarding option and testing ground for future Bitcoin upgrades.

Download the report now to uncover in-depth insights about Litecoin’s potential, market trends, and strategic opportunities.  

The information herein was prepared by Fidelity Digital Asset Services, LLC (“FDAS LLC”) and Fidelity Digital Assets, Ltd (“FDA LTD”). It is for informational purposes only and is not intended to constitute a recommendation, investment advice of any kind, or an offer to buy or sell any asset. Perform your own research and consult a qualified advisor to see if digital assets are an appropriate investment option.

Digital assets are speculative and highly volatile, can become illiquid at any time, and are for investors with a high-risk tolerance. Investors in digital assets could lose the entire value of their investment.

Custody and trading of digital assets are provided by Fidelity Digital Asset Services, LLC, which is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business (NMLS ID 1773897). FDA LTD relies on FDAS LLC for these services. FDA LTD is registered with the Financial Conduct Authority under the U.K.’s Money Laundering Regulations. The Financial Ombudsman Service and the Financial Services Compensation Scheme do not apply to the cryptoasset activities carried on by FDA LTD.

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This information is not intended for distribution to, or use by, anyone in any jurisdiction where such distribution would be contrary to local law or regulation. Persons accessing this information are required to inform themselves about and observe such restrictions.

FDAS LLC and FDA LTD do not provide tax, legal, investment, or accounting advice. This material is not intended to provide, and should not be relied on, for tax, legal, or accounting advice. Tax laws and regulations are complex and subject to change. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.

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