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With different advantages of LTC over BTC, such as shorter block generation times, digital scarcity, and low transaction fees, earning Litecoin can be a good choice for you. That said, cryptos are highly volatile and investing in LTC can be risky, especially during times of turmoil. Once you learn that investing in Litecoin requires some … Read more
LTC has been falling since reaching a new all-time high price of $417 in May 2021. Initially, the price managed to bounce several times above the $135 horizontal support area. However, it finally broke down at the beginning of 2022, validating the area s resistance (red icons). So far, the downward movement has led to … Read more
Even though Litecoin hasn’t been the most-favored cryptocurrency, it has performed decently on the price chart. In fact, regulators and merchants across the globe have held it in high esteem. Moshi Moshi Litecoin Earlier this week, Japan-based news agency Nikkei reported that the Japan Virtual and Crypto Assets Exchange Association (JVCEA) would be releasing a … Read more
Litecoin (LTC-USD) is struggling. LTC crypto has fallen drastically from $278 in mid-N0v. to $110 on March 17. Litecoin has a high correlation with Bitcoin (BTC-USD), so its turnaround will wait on a rebound in BTC crypto. Investors should use this period to average down into LTC crypto, especially since it’s much cheaper than Bitcoin. … Read more
Litecoin’s (LTC) previous rally saw decent gains that halted at the $114-mark. This level corresponded with its trendline resistance (white). Since then, LTC has dipped below its Point of Control (POC, red). At press time, it was endeavoring to challenge its resistance. A convincing close above the $106-zone would provide LTC bulls enough thrust to … Read more
Litecoin (LTC) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the Digital Money has dropped 3.99% to $102.8. Low Volatility The Volatility Gauge analyzes which means that one day won’t define its volatility rank – a trend will. LTC’s low volatility reading pairs with a low reading on the Risk/Reward … Read more
Litecoin was launched in 2011. Like many cryptocurrencies, it uses a proof-of-work consensus mechanism, relying on mining for its security and coin minting process. Litecoin mining is a highly complex and energy-consuming process that requires a lot of computer processing power. Unfortunately, this means that common CPUs don’t offer enough processing power for mining Litecoin. … Read more
All of the largest cryptocurrencies were down during morning trading on Friday, with Litecoin LTCUSD seeing the biggest move, tumbling 4.29% to $105.50. Polkadot DOTUSD shed 3.87% to $17.20, and Ethereum ETHUSD declined 3.26% to $2,713.02. Bitcoin Cash BCHUSD dropped 3.26% to $303.72 on Friday, while Bitcoin BTCUSD shed 2.15% to $41,221.55 and Uniswap UNIUSD … Read more
Litecoin’s price completed its bear trap after setting a swing low below the January 22 low at $96.39. The resulting upswing will propel LTC to contend with the $117.80 and $124.09 hurdles. A four-hour candlestick close below $91.61 will create a lower low and invalidate the bullish thesis. Litecoin price is experiencing a pullback after … Read more
Litecoin completes two powerful Point and Figure patterns simultaneously.A substantial spike higher and a return to a bull market is increasingly probable. Downside risks, however, do exist. Litecoin price presents a buying opportunity before its next major push. The combination of the two bullish reversal patterns suggests that it may be on track to exceed … Read more