Bitcoin and select altcoins are close to breaking out of their overhead resistance levels, indicating that bulls remain in control of the crypto market.
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 total crypto market cap has stalled at the $1.2 trillion level, but derivatives data shows bulls are preparing for the next breakout.14324
Bitcoin and altcoins could see profit-taking and risk-off positioning as the weekend approaches and investor concerns about Deutsche Bank arise.7620
Litecoin is the winner in daily crypto gains as whales appear to be behind the ongoing LTC price rally, on-chain data suggests.6780
The strength in the U.S. dollar suggests that the risky assets may remain under pressure in the near term, but Bitcoin and select are showing signs of resilience.6712
Concerning news from Silvergate Bank and FTX may have influenced investors’ decision to press the sell button, but the potential for further downside could be limited.7173
Bitcoin started March on a positive note, but historically, the month has recorded mediocre gains, which could be an early warning sign for crypto investors.6371
The creator of a Bitcoin Ordinals protocol fork that works on Litecoin said he did it all for a crypto bounty of a few thousand dollars.6411
Bitcoin and select altcoins have rebounded sharply off their support levels — a possible sign that traders are buying the recent dip in the market.9330
The SEC’s crackdown on Kraken has sent a shockwave through the crypto sector. Is this week’s correction a buy-the-dip opportunity or a sign of worse things to come?6761
Bitcoin and major altcoins are witnessing a tough battle between the bulls and the bears, indicating indecision in the near term.7923
Strong U.S. jobs data for January could not pull Bitcoin and select altcoins lower, indicating a strong bullish undercurrent.8410
Crypto traders are waiting for the result of today’s FOMC and it’s possible that the recent downside could reverse course if Jerome Powell’s statements hint at an improving U.S. economy.7894
Dogecoin shifting to proof-of-stake would be good for the environment, but what impact would it have on miners and ASIC manufacturers?7829
Bitcoin and select altcoins continue to consolidate near their recent highs, increasing the possibility of an upside breakout.10869