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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
·Nov 02, 2021, 01:57 GMT

The Litecoin price Building a strong base for a push towards $240

The Litecoin price shows some encouraging signs that it could soon break higher, targeting the September highs. Litecoin (LTC) is...
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Cryptocurrencies
·Oct 04, 2021, 09:27 BST

Litecoin Price Prediction: Strong Support at $140 may unlock $200

The Litecoin price weathered the storm late last month, recovering from a critical support level which opens the door to...
Read More
Cryptocurrencies
·Jan 13, 2022, 21:47 GMT

Litecoin Price Prediction: Price Could Drop Lower, But It Also Brings Opportunity

Thursday’s bearish action on the LTC/USD pair could enhance bearish Litecoin price predictions. This is because the latest rejection has...
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Cryptocurrencies
·Dec 23, 2021, 14:16 GMT

Litecoin Price Prediction as Fear Remains the Prevalent Emotion

With fear remaining the prevalent emotion in the crypto market, here's the levels to watch for Litecoin price.
Read More
Cryptocurrencies
·Sep 28, 2021, 15:38 BST

Litecoin Price Prediction: Previous Support Level to Remain Evasive

Litecoin price is trading within a tight range after declining from Monday’s high. According to CoinMarketCap, its market cap has...
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Cryptocurrencies
·Dec 21, 2021, 03:33 GMT

Litecoin Price Prediction: Bulls hopeful as LTC stabilises Above $140

A breakdown of the recent Litecoin price action, long-term Technical Analysis, and the current macro backdrop for cryptocurrencies. On Tuesday,...
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Cryptocurrencies
·Nov 16, 2021, 07:21 GMT

Litecoin Price Forms Bullish Flag and Break and Retest Patterns

Litecoin (LTC) has erased some of the spectacular gains it made during the weekend and on Monday. The Litecoin price...
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Cryptocurrencies
·Sep 27, 2021, 03:25 BST

Is the Litecoin Price about to play catch-up to Bitcoin?

The Litecoin price has struggled this month and is currently 35% below the September high. However, LTC is starting to...
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Cryptocurrencies
·Mar 02, 2022, 10:50 GMT

Litecoin Price Prediction: LTC May be Entering a Bullish Market

Litecoin price has hovered between the range of $102 and $115 for the past six days, signaling a loss of...
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Cryptocurrencies
·Dec 16, 2021, 07:55 GMT

Litecoin Price Prediction: Range-Bound Trading May Linger

Investors appear to have priced in a hawkish Fed decision. Here's what that means for Litecoin price.
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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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