Litecoin is down by less than a percentage point in the early hours of today’s trading session. The drop comes...
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 price has struggled for the past four trading sessions and has traded in a sideways market. Today, it...
Today’s Litecoin price is up by less than a percentage point. Despite the small gains in the market, the gain...
Litecoin price has continued to trade within an ascending channel, and in today’s trading session, it is up by less...
As indicated in our last Litecoin price prediction, the LTC price is facing huge resistance from the 0.618 Fib retracement...
The Litecoin price is up by a percentage point in today’s trading session. The price gain follows days of an...
Our Litecoin price prediction has flipped bullish for at least the short term as the coin has shown remarkable recovery....
The past two consecutive trading sessions had been strongly bearish for the Litecoin price, resulting in a 10 per cent...
Litecoin’s price is in an aggressive bearish trend in today’s trading session, losing 7 per cent of its value. The...
On June 25, Litecoin prices hit the $60 resistance level and failed to break to the upside. Another trial followed...