The Litecoin price is hovering at a key level of resistance as Bitcoin surges above the $50,000 mark. The LTC...
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
A breakdown of the recent Litecoin price action, long-term Technical Analysis, and the current macro backdrop for cryptocurrencies. On Tuesday,...
Litecoin (LTCUSD) price is crawling back up after a 39% drop. Since its March 2023 lows, LTC price is already...
After rumours broke that Walmart would start accepting Litecoin at all its eCommerce stores from October 1, the company has...
In this article, the focus is on the probable trajectory of Litecoin price in the short term.
Litecoin price is trading within a tight range as the bulls lack enough momentum to push the altcoin back up...
The steep decline in the LTC/USDT pair has reignited bearish Litecoin price predictions. The steep drop in the pair followed...
The Litecoin price has been under pressure and the daily chart points to further weakness. The LTC is trading at...
The Litecoin price darted higher on Friday as investors waited for the upcoming US jobs numbers. The coin rose to...
Litecoin price has had a tough week as investors re-adjusted their Fed expectations following the latest economic data from the...