The Litecoin price has struggled to gain in the market for the past few days. In the last five days,...
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 price has staggered as the spectacular cryptocurrency rally takes a breather in the past few days. The LTC has...
Our Litecoin price prediction suggests a bullish move could be around the corner. On Friday, LTC price tanked with the...
Tuesday’s bullish performance by the Bitcoin analogues is spurring the potential for bullish Litecoin price predictions, as the LTC/USDT pair...
In February, China came up with yet another crypto prohibition that soured Litecoin price predictions. Back then, the Chinese Supreme...
The Litecoin price prediction has not changed much from the last update. The price activity remains range-bound, primarily due to...
Litecoin price has hovered between the range of $102 and $115 for the past six days, signaling a loss of...
The picture on the daily chart may be giving some hope to those with bullish Litecoin price predictions. Following a...
Litecoin has been steadily declining since January 18, losing 28 per cent of its value since then. The latest bearish...
Litecoin opened today’s trading session at $109 and has since lost 2.5 per cent of its value, currently trading at...