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Litecoin (LTC) is a fork of Bitcoin BTC/USD that came into existence in 2011. The cryptocurrency was created by former Google engineer Charlie Lee as an adaption of the apex coin's source code.

In 2014, Dogecoin DOGE/USD, the bellwether meme coin, implemented Auxiliary proof-of-work following Lee's suggestion. This has allowed the two coins to be merge mined. In a way, Dogecoin is a relative of Litecoin.

See Also: Where To Buy Cryptocurrency?

The Investment: At the time of publishing LTC traded 3.4% higher at $99.50 as it hovered around the key $100 mark. The cryptocurrency has shot up 9.9% over the span of the last seven days.

Litecoin touched an all-time high of $412.96 on May 10, 2021.Should an investor be persuaded by the recent spike in LTC price to invest $100 in the coin, here's how much they'd have if the price returns to those highs.

The investor's $100 can potentially turn into $415.03if LTC goes all the way back to its May 2021 ATH level. The gain, in this case, would be 315.03%.

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As Litecoin (LTC) Looks To Score A Century, Here's How Much You'd Have If You Invested $100 Today And It Touched ... - Benzinga