The Litecoin price has joined other cryptocurrencies in the ongoing meltdown. The coin is trading at $210, which is about...
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 (LTC) price is down for the second consecutive day as the crypto sell-off gains steam. The LTC is...
The Litecoin price sits between two trend lines, one bullish and one bearish. When the price breaks, there could be...
In February, China came up with yet another crypto prohibition that soured Litecoin price predictions. Back then, the Chinese Supreme...
Litecoin price remained under pressure as fear engulfs the cryptocurrency industry. LTC was trading at $59.66, which was about 8%...
The correlation between Litecoin and Bitcoin makes the Litecoin price prediction eerily similar to that of Bitcoin. There is a...
Litecoin price remains range-bound after the unsuccessful attempt to reach September’s crucial support zone of $180 over the weekend. According...
The Litecoin price has recovered most of Wednesday’s losses and trying to establish a base above the 200-day moving average....
The picture on the daily chart may be giving some hope to those with bullish Litecoin price predictions. Following a...
The Litecoin price prediction for the weekend will depend on the price action around the current support at $192. This...