Ltc bitcoin charts
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Litecoin Lights up the Crypto Charts
Litecoin LTC is one of the oldest cryptocurrencies in existence and launched in October as a fork of Bitcoin. It shares many of the same characteristics as Bitcoin but strives to be lighter and faster and as a result, exhibits shorter block generation times of approximately 2.
This allows for both faster transaction clearance and in turn, lower transaction fees than Bitcoin. For the longest time, Litecoin held the position of fifth-largest cryptocurrency by market cap, though it has since been knocked aside by EOS.
Litecoin is now in sixth place and remains amongst the top ten cryptocurrencies in circulation. From there, Lee was able to create his own genesis block and start a new digital currency with no previous transactions under its belt.
This is a slightly larger decline than the 71 percent decline in the total market cap of all crypto assets. Given that Litecoin has an established and stable working product, as well as significant adoption, this bear market of the whole cryptocurrency industry could have led to Litecoin being oversold. It is also one of the more liquid coins, and easier to trade to fiat when compared with other altcoins.
It further offers a little more diversification than other forms of digital money in that it is considerably more affordable than bitcoin, giving it more room for growth. Lastly, it is appropriate that Litecoin would garner comparisons to silver, while bitcoin is placed against gold.
One ounce of gold costs approximately 80 ounces of silver, while at press time, one bitcoin is worth roughly 85 LTC. The amount of Litecoin meandering through the cryptocurrency arena is about 3.
Litecoin is also mined much faster than bitcoin, which means that the price of Litecoin should eventually rise faster than the price of bitcoin, according to the report. Chances are that when you think of cryptocurrency, you think of Bitcoin.
Its subsequent adoption by the Silk Road black market and meteoric rise in price, which turned pizza change into millions of dollars, forever cemented it as the coin to watch. Bitcoin, however, is a product of its times.
Very little tech has survived from unchanged, from mobile phones to laptops to solar panels. Bitcoin is no exception. Although its introduction was revolutionary, its underlying code has aged somewhat poorly. Bitcoin was never really designed to handle the kind of traffic the network currently demands, and so speed and scalability issues have plagued the Bitcoin community since shortly after its rise to prominence.
One notable fork that did not adopt the profitable Bitcoin name was Litecoin. Since its creation in , Litecoin has risen to become one of the main alternative coin base pairings on most major exchanges, and it frequently fills in the transaction speed gaps that would otherwise doom Bitcoin to irrelevance. Furthermore, Litecoin mining is significantly cheaper than Bitcoin mining in terms of electrical cost.
The downside is that the scrypt used to mine Litecoin is a stripped-down version of the Bitcoin scrypt, and so it may be inherently less secure. After all, security is one of the main reasons for using cryptocurrency in the first place, Bitcoin supporters argue, and compromising security to make spending Litecoin easier is a potential recipe for disaster.
At the moment, all alternative coins — including Litecoin — are highly dependent on the price of Bitcoin. This may very well change as the market grows and adapts, and Litecoin appears to have carved out a niche for itself as a recognizable and widely used medium of exchange for alternative coins.
There is a few other projects with this stated goal, but none can boast the pedigree or the market capitalization of Litecoin. Furthermore, Bitcoin and Litecoin share heavy coding elements, and so projects explicitly designed for one coin or another are often interoperable. Litecoin also has a surprising number of dark-horse elements in its favor. This is the very same vehicle that pushed Bitcoin to prominence via the aforementioned Silk Road.
Litecoin traffic makes up about 30 percent of dark web transactions, second only to Bitcoin. While this might seem like a rather unsavory route to success, dark web adoption is the same portal Bitcoin used to get mainstream acceptance.
In other words, if it works on the dark web for buying sundry illegal or unethical materials, it should work just fine in legitimate marketplaces.
Litecoin is also popular in China, and many market observers believe that China and Asian markets in general will lead the next big wave of cryptocurrency adoption. The Chinese and Korean governments have both loosened their stance toward cryptocurrencies in general, opening the door to potentially billions of new investors.
Litecoin boasts a more accessible price point — for the time being, anyway — than Bitcoin, making it more attractive to new investors who want to own an entire coin. The only big negative in the Litecoin arena is, ironically, its similarity to Bitcoin. As a cheaper, faster Bitcoin, Litecoin presents investors with major advantages over the current king of crypto.
The next generation of altcoins, however, are purpose-built to replace Bitcoin in a variety of arenas, from pure currency to the Internet of Things to artificial intelligence to digital platforms. Litecoin may very well supplant Bitcoin in some areas, but it will be hard-pressed to work as a catchall solution for the hordes of alternative coins looking to take its place. For virtually every Litecoin use case, there is an altcoin that does it better, faster, or more cheaply.
After all, perfection is often the enemy of the good, and Litecoin just might be good enough to retain a foothold in the crypto world for years to come. As of August , the cryptocurrency market as a whole is still suffering from the effects of the so-called Long January, a months-long hangover stemming from the surprise December runup to all-time-high prices. In fact, more Bitcoins in terms of U. Litecoin also faces stiff competition from non-Bitcoin forks. The number 2 and 3 positions on CoinMarketCap as of July are occupied by platform coin Ethereum and foreign currency lubricant Ripple , respectively.
Both boast market caps many times that of Litecoin, which settled into the number 6 global market capitalization position. With much faster transaction speeds, Litecoin has become a staple of day traders and other folks who need to convert between cryptocurrencies quickly to take advantage of sudden buying opportunities. In the time it takes for a Bitcoin transaction to process, a given day trader might see their gains evaporate as nimbler Litecoin users convert and finalize their trades.
Litecoin, then, has become less of a competitor to Bitcoin in the pure currency and value-storage arena and become an effective medium for shuttling alternative coins from one place to another without the associated hassle of first converting to Bitcoin. Litecoin LTC. Live Litecoin Price Today Litecoin. Litecoin Price Prediction Price Prediction.
Litecoin Price Chart since Start of It is also one of the more liquid coins, and easier to trade to fiat when compared with other altcoins. Bitcoin vs Litecoin Chances are that when you think of cryptocurrency, you think of Bitcoin.
Litecoin Price History Price History. Submit Type above and press Enter to search. Press Esc to cancel.
This was only in , after which LTC grew 7 times. Now the price is at a minimum since , with a similar divergence. At the same time, there is a strong downtrend on 1W. And if this week closes below 0. An assumption of how litecoin will behave after bitcoin turns around in May after K.
Please change the wallet network. Change the wallet network in the MetaMask Application to add this contract. United States Dollar. Litecoin is down 4. It has a circulating supply of 69,, LTC coins and a max. You can find others listed on our crypto exchanges page. Litecoin LTC is a cryptocurrency that was designed to provide fast, secure and low-cost payments by leveraging the unique properties of blockchain technology. To learn more about this project, check out our deep dive of Litecoin. The cryptocurrency was created based on the Bitcoin BTC protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors. Litecoin has a block time of just 2.
Litecoin (LTC) Emerges the Only Challenger to Bitcoin (BTC) On Weekly Charts
See Historical Trend. Stock with medium financial performance with average price momentum and val. Mid-range performer Stock with medium financial performance with average price momentum and val. Note : Support and Resistance level for the day, calculated based on price range of the previous trading day. Note : Support and Resistance level for the week, calculated based on price range of the previous trading week.
LTC/BTC Exchange Rate
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Litecoin Leads The Way: Does LTC/BTC Price Chart Hint at Bitcoin Correction Target?
In October Charlie Lee, then a software engineer at Google, announced the creation of Litecoin , a clone of Bitcoin with modifications like hashing algorithm, block transaction times, etc intended to help it scale more effectively. Litecoin LTC miners are currently awarded The Litecoin network is scheduled to produce 84 million LTC. Unlike Bitcoin, Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins, meaning that you can still mine Litecoin on a Mac or on Windows either solo or via a pool, something no longer possible for Bitcoin mining. Therefore, trade with caution. The following are some of the technical indicators which could be useful for anticipating the most likely Litecoin LTC USD price movement. The result of that calculation is the MACD line.
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Here you can see the current Litecoin price and an overview of its historical development. As of today Sign up for free. Litecoin Price LTC.
Throughout , the entire crypto market has been led by the silver to Bitcoin being digital gold, Litecoin. Since Litecoin often leads rallies, dragging other crypto assets along for the ride, price charts of the asset paired against BTC could be telling as to where the Bitcoin price may be targeting if the parabolic rally is truly over and a short-term downtrend is ahead. At the start of , it was Litecoin that led the initial crypto rally out of the depths of the bear market. During that time, some altcoins had been exploding in value relative to BTC prompting many crypto investors to believe an alt season had been brewing. They were wrong.
Litecoin is a fork of Bitcoin's codebase with four times faster block times and a four times larger supply. The project considers itself complementary to Bitcoin as a silver to Bitcoin's gold. It is often used as a pseduo-testnet for Bitcoin, adopting new protocol changes before they are deployed on Bitcoin. Litecoin LTC.