The Litecoin price is walking a tightrope at $140.00. Furthermore, the technicals indicate that LTC could be heading back to...
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 negative signals have been building up for the Litecoin price recently. However, today those omens may prove true. LTC...
The Litecoin price is struggling. The LTC has dropped to $130, which is more than 6.90% below the highest level...
The Litecoin price heading to $100 seems inevitable. However, if LTC slips below $100, there is a real possibility that...
The Litecoin price has been on a tear ever since testing its major support. But can the 35% bounce continue?...
The Litecoin price is in consolidation mode below June’s high. However, if LTC comes back too much, it risks forming...
The Bitcoin Cash and Litecoin prices have tilted upwards after BTC managed to move above $40,000. The BCH is trading...
After yesterday’s pause, the Litecoin price is higher again this morning. However, there are signs that LTC’s impressive run may...
Litecoin price is consolidating around $180 ahead of Jerome Powell’s speech and Fed meeting minutes. With the ongoing taper talk,...
The Litecoin price is hovering at a key level of resistance as Bitcoin surges above the $50,000 mark. The LTC...