Yesterday’s turnaround in the Litecoin price saw it trade to our first upside target of $222. LTC has since dropped...
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
Like all other cryptocurrency projects, Litecoin has had an impressive start to the year, surging by over 25 percent in...
Still smarting from last week’s drop, Litecoin prices have plummeted this Monday. This slump comes as a result of the...
The Litecoin price has struggled to gain in the market for the past few days. In the last five days,...
On June 25, Litecoin prices hit the $60 resistance level and failed to break to the upside. Another trial followed...
Litecoin (LTC) price has turned bearish after the investors got rid of their coins right after the halving event in...
The Litecoin price is starting to notice what’s happening to the cryptocurrency market, which could present an attractive opportunity. Litecoin...
A breakdown of the recent Litecoin price action, long-term Technical Analysis, and the current macro backdrop for cryptocurrencies. On Tuesday,...
As the Litecoin price approaches a fundamental level of support, we discuss LTC’s technical outlook and highlight the potential outcomes....
Short-term traders who accumulated Litecoin (LTC) in anticipation of a major post-halving pump have met an utter disappointment. Litecoin price...