In this article, the focus will be on the viability of Litecoin price surging past the crucial support-turn-resistance level.
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 steep decline in the LTC/USDT pair has reignited bearish Litecoin price predictions. The steep drop in the pair followed...
Thursday’s bearish action on the LTC/USD pair could enhance bearish Litecoin price predictions. This is because the latest rejection has...
Extreme fear is the key emotion driving the crypto market. Here's what it means for Litecoin price.
In this article, the focus is on the probable trajectory of Litecoin price in the short term.
Extreme fear in the crypto market has continued to exert pressure on Litecoin price. Here's the levels to watch in the short term.
Here's an outlook of Litecoin price in the new year.
With fear remaining the prevalent emotion in the crypto market, here's the levels to watch for Litecoin price.
A breakdown of the recent Litecoin price action, long-term Technical Analysis, and the current macro backdrop for cryptocurrencies. On Tuesday,...
Investors appear to have priced in a hawkish Fed decision. Here's what that means for Litecoin price.