Litecoin Profile (LTC)
Project Safety Score
Wed, Jul 28, 2021 11:51 AM
Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee, a former Google employee. It was launched in October 2011. The cryptocurrency was created based on the Bitcoin protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors.
Read more in the whitepaper:
Litecoin Project Statement
Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.
Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.
Litecoin Safety Report
Litecoin has a safety score of 7.47
Litecoin is a mid cap platform coin.
Litecoin is suited to a balanced investment style.
This profile has all the the data required to perform a thorough analysis.
Litecoin Red Flags
There are currently no Litecoin red flags.
Litecoin Development Score
The Litecoin project has 38 active source code repositories.
The most recent commit was Thu, Jun 10, 2021 8:07 AM
- 1138 Watchers
- 4696 Stars
- 864 Mentionable Users
- 0 Vulnerabilities
- No commits in the last 28 days
Litecoin Sentiment Score
The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!The overall sentiment is very good indicating that this project is well-regarded in the community who talk often and mostly postively about this project.
Litecoin Community Score
The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on Litecoin?
The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.
Overall Litecoin has a strong community, posting and creating lots of content across the internet on social media, forums, blogs and websites.
Litecoin Awareness Score
The awareness score indicates how well Litecoin is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the Litecoin is but a good measure of longevity is how well the project is known by the general public.
Overall Litecoin this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.
Litecoin Credibility Score
The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?
Litecoin Volume Score
The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag
Red flags come in all shapes and sizes
At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.
You expect a level of transparency and professionalism from a project that is asking for your money.
There are all sorts of red flags which you should be weary of;
- 404 (missing) websites
- Expired SSL certs
- Malware/Hijacked sites
- Suspended Twitter accounts
- Private Subreddits
- SEC investiations
If you spot anything suspicious/resolved then please let us know.
Litecoin Red flags
No red flags
No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.
How complete is this profile:
No missing data points
Bulls vs Bears
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