Litecoin (LTC) price was catching up with the global crypto rally but got stalled by Bitcoin’s flash crash on Monday....
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
Litecoin (LTC) price has turned bearish after the investors got rid of their coins right after the halving event in...
The price of Litecoin has become a complex topic in the crypto world, especially after its halving event earlier this...
Short-term traders who accumulated Litecoin (LTC) in anticipation of a major post-halving pump have met an utter disappointment. Litecoin price...
Litecoin (LTC) price has finally broken below the $64.9 support level. After performing very well in the first half of...
Litecoin (LTC) price has disappointed the holders who were expecting a bull run after the recent halving event. The price...
Litecoin (LTC) price is in the midst of a recovery after another pullback in June. The price is currently 19%...
In this article, the focus is on Litecoin price prediction for the current year and those ahead.
Litecoin (LTC) price USD is currently consolidating below a major resistance level. The next few weeks are very critical for...
Litecoin (LTCUSD) price is crawling back up after a 39% drop. Since its March 2023 lows, LTC price is already...