Litecoin is much faster than bitcoin but very similar to it technically. It too provides a way to pay for goods. Similar to bitcoin but again faster and with less issues. It will have a max of 81 million coins while bitcoin will have approximately 1/4 that amount.
They just had a major run to over $30/coin but has pulled back to the $25/coin range. Not sure when the run up will be but I recently bought into Litecoins. They (altcoins) all seen be linked to bitcoins success. Litecoins seem to be moving sideways and I suspect as more and more people become exposed to the outrageous gains being made that more people will seek out altcoins. That means cheaper coins could be poised for massive investments and increased price. Look for ethereum to go crazy with bitcoin and litecoin to follow in 2nd and 3rd place in terms of growth.
Just buy an amount you can afford to forget about and see what happens. I bought ethereum at $7/share and just watched it run up. Bought more at $49/ coin a few months and $200 later......??.
Lots of volatility in any altcoins but patience is the key. Also google each coin daily and check out the news. I think you'll find that your in on the ground floor of something big!
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