Litecoin price is trading within a tight range after declining from Monday’s high. According to CoinMarketCap, its market cap has...
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 (LTC) price is down for the second consecutive day as the crypto sell-off gains steam. The LTC is...
Litecoin is on a corrective rebound after hitting a one-month low earlier in the session. However, its gains may be...
Litecoin (LTC) has erased some of the spectacular gains it made during the weekend and on Monday. The Litecoin price...
The Litecoin price heading to $100 seems inevitable. However, if LTC slips below $100, there is a real possibility that...
Litecoin has been steadily declining since January 18, losing 28 per cent of its value since then. The latest bearish...
Litecoin price remained under pressure as fear engulfs the cryptocurrency industry. LTC was trading at $59.66, which was about 8%...
Thursday’s bearish action on the LTC/USD pair could enhance bearish Litecoin price predictions. This is because the latest rejection has...
The Bitcoin price rally has caught the attention of the investment community in recent weeks. But while some coins are...
The correlation between Litecoin and Bitcoin makes the Litecoin price prediction eerily similar to that of Bitcoin. There is a...