Bitcoin
BTC$49 177.82

-7.92%

Ethereum
ETH$4 092.88

-2.38%

Binance Coin
BNB$563.52

-4.86%

Tether
USDT$0.999981

-0.03%

Solana
SOL$203.61

-3.36%

Cardano
ADA$1.42

-8.66%

Bitcoin vs. Litecoin: What You Need to Know


May 2021

Cryptocurrency can seem like a daunting concept. Over the past decade, interest in cryptocurrencies has increased exponentially. Bitcoin (BTC) has continued to be the main focus of this excitement.

After its release in 2009, BTC has remained the predominant name in the crypto sphere. Out of the thousands that exist, there are at least 20 other digital currencies: like Bitcoin Cash, Ethereum, and XRP, which are tracked and monitored by major financial institutions and news outlets.

Two of the best known are Bitcoin and Litecoin (LTC). In fact, Litecoin’s own developers have long stated that their intention is to create the “silver” to Bitcoin’s “gold.”

What is Bitcoin? What is Litecoin?

Bitcoin is the oldest cryptocurrency and has been the leader in the realm since 2009. Bitcoin and Litecoin have a lot in common. To be almost reductive, they are both cryptocurrencies. Where government-backed currencies like the U.S. Dollar or Turkish Lyra depend on political and legal instruments for value and legitimacy, cryptocurrencies rely solely on the cryptographic strength of the network. Demand dictates the value of these currencies, much like it does with local coin around the world.

Key Facts

Trading Cryptocurrencies

While Bitcoin remains the highest valued player in the cryptocurrency space (Bitcoin price in USD = $9.5 billion), others such as Ethereum, Ripple, and Litecoin are catching up. Each cryptocurrency has its differences, more important than the technology and fees behind them, are the partnerships and use cases for each that influence value.

Since these currencies are not tied to countries and traditional trading markets they can be traded at any time Monday through Sunday. As the market never closes traders are always able to capitalize on the most volatile market in the world.

Bitcoin does not receive as many updates to its protocols as some other digital currencies, while other systems like Litecoin are updated more regularly sparking interest and price movement. A number of factors around the world influence the crypto market. Meaning there is constant activity on the market that can be capitalized on.

With Olymp Trade, clients can trade these assets without having to hold them in a cryptocurrency wallet, drastically reducing the complications around profiting from them.

Conclusion

Cryptocurrencies like Bitcoin and Litecoin have revolutionized the way money moves around the world and trading possibilities. Originally, exchanges were the only sites that provided access to these assets, now trading platforms like Olymp Trade provide traders much easier ways to capitalize on the only 24-hour market.

To be successful, both fundamental and technical analysis are essential to profit from these assets. Take advantage and earn any time day or night with these decentralized currencies with Olymp Trade.

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 76% 49 $49 177.82 -7.92% -10.53% $929 035 044 566 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 82.8% 34 $4 092.88 -2.38% -0.69% $485 446 527 829 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 81.2% 30 $563.52 -4.86% -7.33% $93 995 664 394 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 95.6% 1 $0.999981 -0.03% 0% $74 156 265 433 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 72% 60 $203.61 -3.36% 4.31% $62 231 324 330 SOL 7 days price change
6 Cardano (ADA) ADA Cardano predictions 67.6% 67 $1.42 -8.66% -8.56% $47 386 208 203 ADA 7 days price change
7 XRP (XRP) XRP XRP predictions 71.2% 64 $0.847073 -8.28% -10.87% $40 021 926 228 XRP 7 days price change
8 USD Coin (USDC) USDC USD Coin predictions 96% 2 $0.999590 -0.04% -0.01% $39 871 779 233 USDC 7 days price change
9 Polkadot (DOT) DOT Polkadot predictions 61.6% 74 $29.29 -12.73% -17.58% $28 929 753 364 DOT 7 days price change
10 Terra (LUNA) LUNA Terra predictions 68% 62 $74.10 13.99% 67.51% $28 735 392 986 LUNA 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 62.8% 71 $0.178634 -10.26% -13.05% $23 648 648 660 DOGE 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 64% 74 $92.34 -12.64% -18.20% $22 411 255 216 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 63.6% 73 $0.000037 -7.81% -5.02% $20 467 328 342 SHIB 7 days price change
14 Crypto.com Chain (CRO) CRO Crypto.com Chain predictions 58.4% 83 $0.605372 -3.98% -24.08% $15 293 531 006 CRO 7 days price change
15 Polygon (MATIC) MATIC Polygon predictions 69.6% 59 $1.99 -10.33% 22.67% $13 980 255 925 MATIC 7 days price change

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