Like all other cryptocurrency projects, Litecoin has had an impressive start to the year, surging by over 25 percent in...
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 price is down by 5 percent this week, extending the monthly bearish trend that has seen its value drop...
The Litecoin price has been one of the best-performing projects following the collapse of the FTX, which saw almost all...
Litecoin price nosedived on Monday as demand for cryptocurrencies plunged. The LTC/USD and LTC/GBP pairs crashed to the lowest levels...
Litecoin price remained under pressure as fear engulfs the cryptocurrency industry. LTC was trading at $59.66, which was about 8%...
During last week’s crypto market meltdown, Litecoin was one of the few cryptocurrencies that ended up not taking huge losses....
Throughout the month, the Litecoin price has traded within a very narrow price range of between $50 and $55. Today,...
Litecoin price continued sliding on Wednesday as investors remained extremely fearful about the market. LTC crashed to a low of...
Last week, Litecoin’s price breached the $65 resistance level but failed to continue with the strong bullish trend. This triggered...
Litecoin price has had a tough week as investors re-adjusted their Fed expectations following the latest economic data from the...