Bitcoin and most major altcoins could consolidate for a few days before starting the next big move.
The Litecoin cryptocurrency is a fork of the Bitcoin codebase that was positioned as “a silver to Bitcoin’s gold.” It was created by former Google and Coinbase engineer Charlie Lee in 2011.
While similar to Bitcoin in terms of tech and monetary policy, even featuring its own periodic halving of its supply schedule, Litecoin features some core changes such as block times that are four times longer and a supply cap that is four times as large compared with BTC.
One key technical difference Litecoin has with Bitcoin is its mining algorithm, Scrypt, which makes it easier for users to generate hashes with commonly available hardware and participate in the mining process.
In June 2017, Charle Lee left his position at Coinbase to commit to Litecoin full time and is currently head of the Litecoin Foundation, which stewards and finances Litecoin ecosystem development.
Ether hits two-and-a-half-year highs and follows Bitcoin to reach significant psychological levels this week.24338
Bitcoin’s explosive gains are strongly reflected by the number of days it has closed above $16,320.21710
The embattled spin-off of Bitcoin shows little signs of life prior to its hard fork as Bitcoin vastly outstrips its performance.17785
Bitcoin is facing selling at the $14,000 mark and this has resulted in several cryptocurrencies dropping below their support levels.34959
News of PayPal’s support for crypto assets has triggered a rally in the markets, with Bitcoin trading above $13,000 for the first time since July.10856
The long-awaited “flippening” of fiat at PayPal will begin next year, as Bitcoin price action offers almost 5% daily gains.39640
Bitcoin and most major altcoins are sustaining above their immediate support levels, increasing the possibility that the uptrend will resume.15056
Bitcoin’s strength above the $11,500 multi-year resistance is also pulling many altcoin prices higher.19950
Bitcoin and select altcoins have broken out of their bullish setups, hinting that further upside could occur through the weekend.20341
Bitcoin and altcoins could remain range-bound for a few days as traders search for triggers that will start the next trending move.19091
Litecoin's privacy feature testnet returns as news emerges that Europol sees privacy and coin mixing technologies as major digital threats12556
Traders are attempting to kickstart a new trending move in Bitcoin and altcoins by attacking overhead resistance levels.14288
The bulls are buying the dips in Bitcoin and a few altcoins, suggesting that investor sentiment remains positive.26112
Bitcoin and altcoins rebounded off their critical support levels, possibly creating a path to a new bullish uptrend.20173