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.
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.
The long-awaited “flippening” of fiat at PayPal will begin next year, as Bitcoin price action offers almost 5% daily gains.36698
Bitcoin and most major altcoins are sustaining above their immediate support levels, increasing the possibility that the uptrend will resume.11690
Bitcoin’s strength above the $11,500 multi-year resistance is also pulling many altcoin prices higher.18257
Bitcoin and select altcoins have broken out of their bullish setups, hinting that further upside could occur through the weekend.19995
Bitcoin and altcoins could remain range-bound for a few days as traders search for triggers that will start the next trending move.18834
Litecoin's privacy feature testnet returns as news emerges that Europol sees privacy and coin mixing technologies as major digital threats11675
Traders are attempting to kickstart a new trending move in Bitcoin and altcoins by attacking overhead resistance levels.14063
The bulls are buying the dips in Bitcoin and a few altcoins, suggesting that investor sentiment remains positive.25895
Bitcoin and altcoins rebounded off their critical support levels, possibly creating a path to a new bullish uptrend.20048
Bitcoin and altcoins are at risk of a deeper correction if they do not rise above their immediate resistance levels soon.18958
Idle games are brilliant at soaking up your time and leaving you with nothing in return. But what if you could earn LTC in the process?6084
The market has taken a bearish turn and Bitcoin and altcoins will need strong relief rallies in order to restore their uptrends.26856
Bitcoin and altcoins are facing selling near key resistance levels, but for now the possibility of a sharp fall remains low.19902
Bitcoin and a few altcoins have broken above key resistance levels, which suggests that the bulls are attempting to take control of the market.17364