Litecoin (LTC) price has finally broken below the $64.9 support level. After performing very well in the first half of...
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 (LTC) price is in the midst of a recovery after another pullback in June. The price is currently 19%...
The Litecoin price prediction has not changed much from the last update. The price activity remains range-bound, primarily due to...
Like all other cryptocurrency projects, Litecoin has had an impressive start to the year, surging by over 25 percent in...
In this article, the focus will be on the viability of Litecoin price surging past the crucial support-turn-resistance level.
Extreme fear in the crypto market has continued to exert pressure on Litecoin price. Here's the levels to watch in the short term.
The Litecoin price is walking a tightrope at $140.00. Furthermore, the technicals indicate that LTC could be heading back to...
The correlation between Litecoin and Bitcoin makes the Litecoin price prediction eerily similar to that of Bitcoin. There is a...
The Litecoin price popped in the overnight session after a series of positive news. The LTC price is trading at...
The Bitcoin Cash and Litecoin prices have tilted upwards after BTC managed to move above $40,000. The BCH is trading...