Litecoin price remains range-bound after the unsuccessful attempt to reach September’s crucial support zone of $180 over the weekend. According...
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 popped in the overnight session after a series of positive news. The LTC price is trading at...
The Litecoin price is grinding sideways in a narrow range, capped by the 200 DMA and unable to take inspiration...
The Litecoin price has been unable to capitalise on Bitcoin’s recent strength and remains capped by the 200-day moving average....
Litecoin price is trading higher as the bulls eye the psychological level of $200. According to CoinMarketCap, its market cap...
The Litecoin price prediction for the weekend will depend on the price action around the current support at $192. This...
The Bitcoin price rally has caught the attention of the investment community in recent weeks. But while some coins are...
The Litecoin price has recovered most of Wednesday’s losses and trying to establish a base above the 200-day moving average....
The Litecoin price shows some encouraging signs that it could soon break higher, targeting the September highs. Litecoin (LTC) is...
The Litecoin price is starting to notice what’s happening to the cryptocurrency market, which could present an attractive opportunity. Litecoin...