The classic bearish setup projects Litecoin’s price potentially falling to $200 in the coming sessions.
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.
From a bird’s-eye-view, BTC is still in an uptrend and a bounce off the $62,000 support could provide the signal for LTC, LINK, VET and AXS to move higher.35414
Nonetheless, LTC/USD is at risk of a price correction, as it’s painting a classic bearish reversal pattern.20335
It's become easier to use Litecoin for everyday payments thanks to several recent partnerships.11869
Smart contract capabilities are rendering old-school megalithic crypto projects obsolete as blockchains evolve beyond just being a medium of exchange.21033
Bitcoin’s steady climb toward new highs is bringing about the usual breakout from legacy altcoins like LTC, BCH and XLM.22345
The Lake County treasurer plans to HODL the crypto campaign donations in the hopes of a significant price rally for cryptocurrencies.2777
One has introduced smart contracts and is the fabric of decentralized finance, the other is... a meme.11960
Crypto adoption is booming in 2021, but how long can the celebrity-fuelled hype train last?10612
A 17GB personal data leak reportedly sprung from the Pi Network mobile app.63307
Litecoin price achieves $400 amid an overall crypto market boom.92578
EOS, LTC, ETC and ETH are just a few of the altcoins that chased after new multi-year highs as layer-1 projects saw an increase in trading volume.50497
Litecoin continues to gain strength as traders' attention shifts to a broader altcoin market against Bitcoin's slowing uptrend.82438
Experts say DOGE traders rotating profits into Robinhood-listed altcoins could be behind the rally in LTC, BCH and ETC.34133
Another city in the United States is looking to add Bitcoin payments and mining activities to the city’s balance sheet.7427