Litecoin price is doing well as cryptocurrencies continue bouncing back. LTC has risen to $55.80, which was the highest point...
Litecoin
What is Litecoin?
Litecoin is an open-source, peer-to-peer cryptocurrency created in 2011, two years after bitcoin, by a former Google engineer, Charlie Lee. Litecoin’s native token is LTC.
In the early stages, Litecoin was a bitcoin contender, but the cryptocurrency market has become very crowded over the years, making litecoin’s popularity diminish.
Litecoin is the sixteenth largest cryptocurrency measured by market capitalization.
Since the launch of Litecoin by Lee, it has always been viewed as a rival to bitcoin, and he even called it the “ lite version of Bitcoin,” hence the many similarities while adapting and changing aspects the team felt could be changed.
Is litecoin a good investment?
Litecoin is not a good investment for long-term investors looking for cryptos that will rise in value over time; however, it can be an excellent asset to trade for short-term traders looking to profit from periodic price swings.
How to trade Litecoin
The price of one Litecoin is usually quoted against the USD when buying Litecoin on an exchange. Hence, you are always selling USD to buy Litecoin. If the price of litecoin rises and you decide to sell, you will be making a profit because its price is higher when measured in USD, but if the opposite happens, you make a loss.
Litecoin Latest news
Litecoin is down by 4 per cent in today’s trading session. This is after yesterday’s aggressive push to the upside...
The Litecoin price has gone nowhere in the past few weeks as investors assess its remarkable collapse. LTC is trading...
Litecoin dropped by 7 per cent in yesterday’s trading session. In the early hours of today’s session, Litecoin also looked...
Litecoin is up by almost five per cent in today’s trading session. However, in the past five sessions, the prices...
Litecoin has undergone a sharp decline this month, dropping from the opening price of$ to the current price of $62,...
The Litecoin price nosedived to the lowest level since May 1 as a sea of red dominated the cryptocurrency and...
The past week has seen Litecoin prices trade with very low volatility. In the last four trading sessions, the cryptocurrency...
The past few days have seen Litecoin prices continue to trade in a sideways market. In today’s trading session, Litecoin...
Today’s trading session is showing a rebound of Litecoin prices from yesterday’s session, which resulted in a three per cent...