|Brief||Litecoin is often referred to as 'Bitcoin-Lite', or 'silver' to Bitcoin's gold. It's indeed a Bitcoin fork, but though they share the same blockchain|
|Last updated:||23 February, 2019 00:58:03|
|Current price, USD:||$49.072|
|Current price, BTC:||0.0123634|
|Market capitalization, USD:||$2 973 488 291|
|Available supply:||60 594 336 LTC|
|Volume 24 hours, USD:||$1 109 946 270|
General LTC facts, technical details and general information about Litecoin crypto currency
Litecoin is often referred to as “Bitcoin-Lite”, or “silver” to Bitcoin’s gold. It’s indeed a Bitcoin fork, but though they share the same blockchain, the differences between the two cryptocurrencies are many. Firstly, they rely on different algorithms, and because of a less complex one Litecoin mining is perceived as more accessible for everyday user. Secondly, though the transactions in both chains occur simultaneously, their confirmation time is different: it takes around 9 minutes for Bitcoin’s long-term average transaction to be confirmed vs. 2,5 minutes for a Litecoin one, and such speed gives Litecoin a competitive advantage. After the SegWit protocol implementation in April 2017, the price of Litecoin has grown steadily from $10 to more than $300 in December, making it one the fastest growing cryptocurrencies this year. Litecoin was also a beneficiary of the bitcoin rally – on certain days it enjoyed 20% or event 30% price increases. Thanks to its transaction speed Litecoin is positioned by its founder, Charlee Lee, as a cryptocurrency for everyday payments vs. bitcoin which is better as a long-term store of value.
We list daily Litecoin historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|23 Feb||49.092||49.092||49.092||2 974 705 482|
|22 Feb||49.774||49.047||49.968||3 015 298 866|
|21 Feb||49.275||48.853||49.766||2 984 370 170|
|20 Feb||48.739||48.739||52.151||2 951 143 727|
|19 Feb||48.165||47.562||49.124||2 915 730 717|
|18 Feb||44.398||44.398||48.9||2 686 985 206|
|17 Feb||43.817||42.96||44.691||2 651 199 039|
|16 Feb||43.747||43.45||44.06||2 646 330 684|
|15 Feb||42.589||42.172||43.947||2 575 623 806|
|14 Feb||42.039||41.326||43.011||2 541 747 403|
|LTC price change 24 hours||-0.68%|
|LTC price change 7 days||12.29%|
Cryptocurrencies are replacing Fiat at an increasing rate. It is still an early stage, but for 10 years you will be able to pay all your bills, goods and services with cryptocurrencies.
Over the weekend the crypto-currency market as a whole showed almost lateral dynamics. The market took a pause and in the coming days should decide on the direction of its further movement. Now the key points are formed on the charts, and it is not yet clear whether they will eventually become reversal points, or they will be continuation points, so we follow the dynamics and at the same time are getting ready to join the game if the line of least resistance for the price movement unfolds up.
The bears are ruling Litecoin (LTC) today, driving the price to $123 - last time we could see that in the beginning of December. On big timeframes MACD and Alligator signal just the start of a coming downtrend, however, I see fixing the profit from short positions now as a good opportunity. I would open long positions only if the price is steadily above the key resistance level $200, and - if $230 turns to be too much for the bulls - will short on the rebound, at $217.
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