Here's an outlook of Litecoin price in the new year.
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 in the oversold territory as fear grips the market. In this article, we forecast its next move.
With fear remaining the prevalent emotion in the crypto market, here's the levels to watch for Litecoin price.
The Litecoin price nosedived to the lowest level since May 1 as a sea of red dominated the cryptocurrency and...
Yesterday’s turnaround in the Litecoin price saw it trade to our first upside target of $222. LTC has since dropped...
Tuesday’s bullish performance by the Bitcoin analogues is spurring the potential for bullish Litecoin price predictions, as the LTC/USDT pair...
Litecoin price is consolidating around $180 ahead of Jerome Powell’s speech and Fed meeting minutes. With the ongoing taper talk,...
Litecoin price is trading higher as the bulls eye the psychological level of $200. According to CoinMarketCap, its market cap...
The picture on the daily chart may be giving some hope to those with bullish Litecoin price predictions. Following a...
The correlation between Litecoin and Bitcoin makes the Litecoin price prediction eerily similar to that of Bitcoin. There is a...