A few major cryptocurrencies are in an uptrend and they could offer buying opportunities in the short-term.
Litecoin (LTC) is a cryptocurrency and an open-source project released in 2017, inspired by and very close technically to Bitcoin. The key idea of the project was to make a faster and cheaper to use alternative to Bitcoin
Although there are some similarities between BTC and LTC, you can’t define Litecoin without pointing out some key differences, such as instant and near-zero cost transactions, increased speed of adding a new block into the Blockchain (2.5 minutes against 10 in the Bitcoin network) and a scrypt usage in its Proof-of-Work process to make it easier for regular PC users to mine new blocks against ASIC miners. It is also one of the first cryptocurrencies that adopted SegWit.
Litecoin is hugely popular to this day, ranked sixth place on CoinMarketCap with a more than eight billion dollars market cap.
Bitcoin has 140 times more daily active addresses than XRP, but has fewer addresses with a positive balance in them than ETH.11151
Most major cryptocurrencies have turned down from their immediate resistance levels, which suggests a minor correction in the next few days.15769
Legendary video game producer Atari partners with the Litecoin Foundation to take advantage of the overlap between the two communities.4318
Most major cryptocurrencies are struggling to break out of their immediate resistance levels, which could result in a minor pullback for the next few days.25606
The action in altcoins has become coin specific, meaning, traders should remain with those that are in an uptrend as they are likely to follow Bitcoin if it moves higher.18899
Altcoins are currently following Bitcoin price but soon they are likely to decouple and chart their own course.33126
The Litecoin Foundation announced on May 7 that it would migrate from the multi-sig Electrum-LTC wallet to BitGo’s multi-sig wallet.7061
After Bitcoin’s rally, several major cryptocurrencies are attempting to resume their up move.30578
Most major cryptocurrencies are stuck in a tight range awaiting direction from Bitcoin.21519
Several major cryptocurrencies are facing selling at higher levels but the fact that traders are buying on the dips suggests further range-bound action is likely.31824
Litecoin and Grin++ developer, David Burkett, has posted an April progress update on Litecoin’s Mimblewimble integration, claiming that a testing framework has been built and codebase integration has started.11650
Most major cryptocurrencies are facing resistance at higher levels, meaning a few days of consolidation could be needed before the rally can resume.17503
Bitcoin’s impressive rally has pushed the crypto markets higher, leading traders to wonder if the uptrend will last through the halving event.16991
Bitcoin prices are holding up well but the fact that many altcoins are witnessing profit booking suggests that the focus is shifting back to BTC.21088