The Bitcoin Cash and Litecoin prices have tilted upwards after BTC managed to move above $40,000. The BCH is trading...
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
The Litecoin price has struggled this month and is currently 35% below the September high. However, LTC is starting to...
The Litecoin price has joined other cryptocurrencies in the ongoing meltdown. The coin is trading at $210, which is about...
Litecoin (LTC) price has disappointed the holders who were expecting a bull run after the recent halving event. The price...
The Litecoin price has been under intense pressure lately, and, as I will describe below, the situation could get worse...
The Litecoin price dips are reversing at increasingly higher levels, suggesting buyers are gaining in confidence. Litecoin (LTC) is firmer...
The Bitcoin price rally has caught the attention of the investment community in recent weeks. But while some coins are...
The Litecoin price is struggling. The LTC has dropped to $130, which is more than 6.90% below the highest level...
The Litecoin price has been one of the best-performing projects following the collapse of the FTX, which saw almost all...
Litecoin price is down by 5 percent this week, extending the monthly bearish trend that has seen its value drop...