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Litecoin

What is Litecoin?

Litecoin is an open-source, peer-to-peer cryptocurrency created in 2011, two years after bitcoin, by a former Google engineer, Charlie Lee. Litecoin’s native token is LTC.

In the early stages, Litecoin was a bitcoin contender, but the cryptocurrency market has become very crowded over the years, making litecoin’s popularity diminish.

Litecoin is the sixteenth largest cryptocurrency measured by market capitalization.

Since the launch of Litecoin by Lee, it has always been viewed as a rival to bitcoin, and he even called it the “ lite version of Bitcoin,” hence the many similarities while adapting and changing aspects the team felt could be changed.

Is litecoin a good investment? 

Litecoin is not a good investment for long-term investors looking for cryptos that will rise in value over time; however, it can be an excellent asset to trade for short-term traders looking to profit from periodic price swings. 

How to trade Litecoin

The price of one Litecoin is usually quoted against the USD when buying Litecoin on an exchange. Hence, you are always selling USD to buy Litecoin. If the price of litecoin rises and you decide to sell, you will be making a profit because its price is higher when measured in USD, but if the opposite happens, you make a loss.

Litecoin Latest news

Cryptocurrencies
·Jun 29, 2022, 15:04 BST

Litecoin Price Prediction: Is a Price Recovery Near?

On June 25, Litecoin prices hit the $60 resistance level and failed to break to the upside. Another trial followed...
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Cryptocurrencies
·Jun 23, 2022, 09:27 BST

Litecoin Price Prediction: Is This an LTC Breakout or a Fakeout?

Litecoin price is doing well as cryptocurrencies continue bouncing back. LTC has risen to $55.80, which was the highest point...
Read More
Cryptocurrencies
·Jun 15, 2022, 09:14 BST

Litecoin Price Prediction: LTC Set to Trade Below $40

Litecoin is down by 4 per cent in today’s trading session. This is after yesterday’s aggressive push to the upside...
Read More
Cryptocurrencies
·Jun 08, 2022, 11:10 BST

Litecoin Price Prediction: Is the LTC Sell-Off Over?

The Litecoin price has gone nowhere in the past few weeks as investors assess its remarkable collapse. LTC is trading...
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Cryptocurrencies
·May 27, 2022, 15:25 BST

Litecoin Price Prediction: Is LTC in a Race to the Bottom?

Litecoin dropped by 7 per cent in yesterday’s trading session. In the early hours of today’s session, Litecoin also looked...
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Cryptocurrencies
·May 19, 2022, 15:52 BST

Litecoin Price Prediction: Why Price Action Shows a Potential Falling Knife

Litecoin is up by almost five per cent in today’s trading session. However, in the past five sessions, the prices...
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Cryptocurrencies
·May 12, 2022, 10:39 BST

Litecoin Price Prediction: Sharp Drop Continues With Bears Taking Control

Litecoin has undergone a sharp decline this month, dropping from the opening price of$ to the current price of $62,...
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Cryptocurrencies
·May 06, 2022, 07:48 BST

Litecoin Price Prediction as the Fear and Greed Index Plummets

The Litecoin price nosedived to the lowest level since May 1 as a sea of red dominated the cryptocurrency and...
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Cryptocurrencies
·Apr 26, 2022, 13:20 BST

Litecoin Price Prediction: Prices Likely to Trade Below $100

The past week has seen Litecoin prices trade with very low volatility. In the last four trading sessions, the cryptocurrency...
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Cryptocurrencies
·Apr 21, 2022, 10:15 BST

Litecoin Price Prediction: Why Prices are Likely to Trade Below $100

The past few days have seen Litecoin prices continue to trade in a sideways market. In today’s trading session, Litecoin...
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Financial market and cryptocurrency trading and investing carry a high degree of risk, and losses can exceed deposits. Ensure you fully understand the risks involved. Any opinions, news, research, analysis, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. Read the “Risk Disclosure Statement” for further details.

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