Litecoin (LTC.X)
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Litecoin price analysis: the bull and the bear case (January 2019)

Rajlaxmi Sahu | 7:39 pm ET, 30 Jan 2019

Litecoin (LTC.X) is trading at $31.87 after the latest rise by 3%.  Litecoin is the first altcoin and also the first Bitcoin hard fork, driven by the idea of providing faster transaction times compared to Bitcoin (BTC.X).

When it comes to investing in Litecoin, here are some frequently asked questions: 

  • Is Litecoin currently a buy or a sell?
  • Should I sell or hold Litecoin today, if I purchased it 3 months ago?
  • Is Litecoin a good buy/investment opportunity?

Here are the reasons to buy Litecoin (the bull case):

1. Litecoin is widely adopted across numerous retailers and shops, headed by Charlie Lee, a former Google engineer.  Litecoin is also available as a payment method on Facebook's Messenger App through Lite.IM service. 

2. Litecoin is among well-established cryptocurrencies with over seven years on the market, and is still among the top ten cryptocurrencies by market cap. 

3. Compared to Bitcoin, Litecoin offers four times faster transaction speed as well as increased storage efficiency, and is said to be the perfect choice for micro transactions. 

Reasons to sell Litecoin (the bear case):

1. Many investors see Litecoin as a new and slightly improved version of Bitcoin without a clear vision on how Litecoin can stand out in the market of over 2,000 different digital assets.  LTC wasn't programmed from scratch as many of its top crypto peers being forked from Bitcoin's chain. 

2. As Bitcoin now operates with SegWit, Litecoin lost its unique selling point it had previously claimed.

Over the last 30 days, LTC.X lost -1.7%, also recording -82.9% loss YTD.  The 30-day return is 9.73 percentage points higher than the 30-day return of Bitcoin (BTC.X).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Litecoin freefall: what's the price prediction now?

Rajlaxmi Sahu | 6:43 pm ET, 20 Nov 2018

Litecoin (LTC.X) is trading at $32.75, down -10% from yesterday.   On the LTC/USD pair's hourly chart, there is a bearish trend line with a resistance level of $28.75.  What's Litecoin price forecast?

As most cryptocurrencies suffered a strong attack from the bear over the last two days, so did Litecoin. It doesn’t come as a shock to see Litecoin and other dominant cryptocurrencies such as Bitcoin (BTC.X) and Ethereum (ETH.X) fall down altogether.

But it's not all doom and gloom for Litecoin.  The coin is the world's seventh largest cryptocurrency with a market cap of about $2.2 billion.  Litecoin has been gaining user traction, especially as an essential part of the Coindriod game.  The coin is also gaining in importance because it is used as a payment method in a number of restaurants.

Litecoin, Verge and Tokenpay have pursued a partnership which goal is to spread those three across the world.  Some of the smaller altcoins find it valuable to partner with non-competitors so as to gain traction.  

What is the near-term price forecast for LTC?  Here are the major technical indicators:

  • MACD for LTC is currently in the bearish zone. MACD (moving average convergence divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of prices.  MACD is calculated by subtracting the 26-day EMA (exponential moving average) from the 12-day EMA;
  • RSI (relative strength indicator) is currently hovering around 16, which is a bullish signal.  RSI compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security;
  • A new major support level is forming at $28.75;
  • A new major resistance level is forming at $34.15.

Over the last 30 days, LTC.X lost -37.55%, which is 5.19 percentage points lower than the 30-day return of Bitcoin (BTC.X).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Litecoin: primed for a breakout?

Carla Olson | 5:30 am ET, 02 Oct 2018

Litecoin (LTC.X) is trading at $61, which represents a significant price recovery from the $50.00 support level.  What is Litecoin's price forecast? Is it primed for a breakout?

There was a steady decline in the price of Litecoin in the first half of September, after which it found support near $50.50 level against the US dollar.

The crypto hedge fund leader MD Tushar Jain (Multicoin Capital) referred to Litecoin as a pre-smart contract that was considerably overvalued.  These comments sent the cryptocurrency downward; however, Litecoin has recovered since. Recently, Litecoin's price has been stable, trending towards $60 as the main support level.

Charlie Lee, Litecoin platform's CEO clearly mentioned that a lot can be expected from the project team in the upcoming weeks. He commented that he won't be selling his LTCs any time soon, which was a significant reassurance to the Litecoin community.  Also, Gemini exchange has thrown its weight behind LTC -- and analysts expect the platform to get adopted by merchants at an increasing rate. 

Here are the major technical signals:

  • MACD indicates LTC is a buy now. MACD (moving average convergence divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of prices.  MACD is calculated by subtracting the 26-day EMA (exponential moving average) from the 12-day EMA;
  • RSI (relative strength indicator) is at 43, which indicates the price is in a sideways trend zone. RSI compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security;
  • A new major support level is forming at $60.50;
  • A new major resistance level is forming at  $66.20.

Over the last 30 days, LTC.X lost -7.63%, which is 5.18 percentage points lower than the 30-day return of Bitcoin (BTC.X).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Litecoin is surging: here is what you need to know

Carla Olson | 1:25 pm ET, 15 Aug 2018

Litecoin (LTC.X) is trading at $58.38, up 13% vs. yesterday.  This is a major recovery in Litecoin's price reaching close to the resistance level of $60.00.  What is Litecoin's price forecast?  What should investors know about Litecoin developments?

Litecoin is removing barriers to mass usage.  A new plugin released by Coinbase will simplify the process in which merchants accept the cryptocurrency payments online. 

It is now possible to trade Litecoin over Telegram, an encrypted messenger app. Telegram users can send commands to check their LTC balance and send LTC to a wallet or email ID. 

LTC transactions will soon be enabled via text messages so that customers with a poor internet connection can trade the crypto.  This will be a great feature: even though 64% of the global population has a  smartphone, only 33% has an internet connection. The countries with low internet penetration or where internet censorship is an issue will soon be able to exploit the benefits of the LTC decentralized network for the purpose of trading the crypto. 

Let's look at the price sentiment now.   Here are the major technical indicators:

  • MACD is placed in the bullish zone. MACD (moving average convergence divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of prices.  MACD is calculated by subtracting the 26-day EMA (exponential moving average) from the 12-day EMA;
  • RSI (relative strength indicator) is around 40, which means the altcoin is still oversold. RSI compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security;
  • A new major support level is forming at $56.69;
  • A new major resistance level is forming at  $63.85.

Litecoin's basic goal is to ensure faster and cheaper transactions than bitcoin. Over the last 30 days, LTC.X lost -19.43%, which is 17.11 percentage points lower than the 30-day return of Bitcoin (BTC.X).  As far as market cap, Litecoin is currently in the 7th place on the top crypto list with a value of $3.2 billion.

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


11 best cryptocurrencies for August 2018

Carla Olson | 8:59 pm ET, 05 Aug 2018

After a significant dip in the second quarter of 2018, cryptocurrencies are becoming popular again among retail investors, appearing in the mainstream media headlines every day. There are a few cryptocurrencies that have grabbed investors' attention.  What are the best cryptocurrencies to invest in in August this year?

Before we share with you our top 11 list, here is our little hack: use the cryptocurrency investment idea tool to stay up-to-date on the best investment opportunities in the altcoin space.

1. Bitcoin

Bitcoin is by far the most popular cryptocurrency today, garnering a plenty of investors' attention. We think Bitcoin may be a good opportunity to invest in now because: 

  • It is the most established cryptocurrency.
  • Stock market volatility and political uncertainty are good for Bitcoin. In general, political unrest is not good for the stock market, because its value is tied to established companies that depend on government services.  But given the political climate across the world, and decreasing faith in government institutions, Bitcoin is becoming increasingly more popular.
  • It's easy to invest in it: investing in Bitcoin is as simple as buying a stock on an online exchange. You can use also a zero-cost brokerage such as Robinhood to do that.

Bitcoin (BTC.X) is trading at $7,654.54, up 0.27% from yesterday.  Over the last 30 days, BTC.X gained 20.64%.2. Stellar Lumens

Stellar is also based on the blockchain technology.  It connects banks, payments systems, and people with a goal to move money quickly, reliably, and at little or no cost.  Here are the  main reasons why one should consider investing in the cryptocurrency now:

  • Stellar offers low-cost transactions and accounts. 1 USD will cover about 400,000 transactions, and there are various licensed exchanges where Stellar Lumens can be purchased. 
  • There is a good market opportunity for the cryptocurrency as Stellar is the first distributed ledger protocol which received Sharia compliance certification in the money transfer and asset tokenization space.
  • Security is one of the main focus areas for Stellar, and the company solved security-related challenges in a very creative and effective way. Stellar's nominal base fee, paid by transaction initiators, deters malicious attacks that can flood the network. Whenever there is a suspicious account submitting transactions, this base fee increases. 

 Stellar (XLM.X) is trading at $0.27, down by 0.75% from yesterday.

Over the last 30 days, XLM.X gained 39.58%, which is 18.94 percentage points higher than the 30-day return of Bitcoin (BTC.X).3. IOTA

IOTA has a market capitalization of $2.5 billion USD today. It focuses on the emerging machine-to-machine (m2m) economy of the Internet-of-Things (IoT) and other applications where a scalable decentralized system may be warranted. 

Unlike other cryptocurrencies that are based on the blockchain technology, IOTA  makes use of its unique infrastructure known as Tangle. We think IOTA is a good investment opportunity now, because of the following reasons:

  • It has good scalability, no-fee transactions, and no blocks.  It targets the up-and-coming market opportunity called the Internet of Things (IoT), which could reach more than 1 billion transactions by 2020, thus necessitating a secure, cheap and scalable micro-billing mechanism for everyone.
  • Its partnerships with the mainstream companies such as BOSCH, Volkswagen, and Porsche seem to be very promising.
  • It can be easily bought in a hasslefree manner using many exchanges (e.g., Coinhako).  With the growth in the ecosystem every day, buying or selling IOTA will become even easier.

IOTA (IOT.X) is trading at $0.91, down -2.8% from yesterday.

Over the last 30 days, IOT.X lost -12.87%, which is 33.52 percentage points lower than the 30-day return of Bitcoin (BTC.X).4. EOS

EOS is one of the most used blockchains in the world today. It has a market capitalization of $6.3 billion USD.  

EOS is a blockchain project that enables horizontal scaling of decentralized applications, allowing developers to efficiently create high performance distributed applications. It is a good investment opportunity because:

  • It is simple to use, and accounts are easily recoverable in case of security breaches. This is very helpful for the mainstream public that doesn't have much experience with private keys and account security issues.
  • The EOS network is pretty efficient with handling volume bottlenecks on high transaction days.
  • EOS has zero transaction fees. When a smart contract is executed, EOS requires the user to stake tokens which are returned back to him or her after the execution.

EOS (EOS.X) is trading at $7.04, down by 3.68% from yesterday.

Over the last 30 days, EOS.X lost -12.01%, which is 32.65 percentage points lower than the 30-day return of Bitcoin (BTC.X).5. Ethereum

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. It is one of the most promising coins in the crypto world and one of the best long-term investment choices for crypto investors because of the following reasons:

  • Since many Initial Coin Offerings (ICOs) intend to release their tokens on the Ethereum network, its price is expected to appreciate over time.
  • It has the potential to transform the financial system just like Uber and Airbnb did in their own industries. The Casper and Sharding technologies depict significant milestones in its development.
  • A decreasing trust in the traditional financial markets is prompting traditional investors to look into the most established cryptocurrencies such as Ethereum.

 Ethereum (ETH.X) is trading at $418.08, down by 1.82% from yesterday.

Over the last 30 days, ETH.X lost -7.15%, which is 27.80 percentage points lower than the 30-day return of Bitcoin (BTC.X).6. NEO

NEO is the first Chinese cryptocurrency to be globally accepted.  Founded in 2014, its mission is to reinvent the way commerce is done.  

NEO entered the top 15 coins by market cap and its capitalization is north of $1.7 billion today.  We consider it to be a good investment option because of the following reasons:

  • NEO is not just a cryptocurrency, but also a project that helps in the creation of digital assets, smart contracts, and other applications on its blockchains.
  • In the NEO platform, a straightforward transfer of shares, equity, and assets is possible because users are able to issue and trade assets. In order to prove an asset's ownership, tokens are distributed.
  • The platform is powerful enough to process 10,000 transactions per second, so there is virtually no transaction latency. This capability attracts a huge number of partners from all over the world, besides China.  

NEO (NEO.X) is trading at $29.19, down by 2.89% from yesterday.

Over the last 30 days, NEO.X lost -10.87%, which is 31.51 percentage points lower than the 30-day return of Bitcoin (BTC.X).7. NEM

NEM is a blockchain built for enterprise-grade performance.  Here are the reasons to invest in NEM now:

  • Compared to Bitcoin, NEM has more real-time case uses.
  • It is the best option for portfolio expansion. No programming knowledge is needed to use the platform as it is quite user-friendly.
  • With cryptographic signatures, NEM is capable of acting as an authentication and notary-type service. It is targeting the retail industry with its blockchain technology. The customers' loyalty points can be converted into money which would reduce the shortcomings such as mistakes in the loyalty points program. 

NEM (XEM.X) is trading at $0.16, down by 2.08% from yesterday.

Over the last 30 days, XEM.X lost -7.8%, which is 28.44 percentage points lower than the 30-day return of Bitcoin (BTC.X).8. Ripple

It is one of the popular cryptocurrencies among the crypto traders. XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments. XRP consistently handles 1,500 transactions per second and can scale to handle the same throughput as Visa.

We consider Ripple to be a good investment option because of the following reasons:

  • It is used in the real world today to enable high-speed and low-cost money transfers worldwide.
  • Ripple is going to build more financial market partnerships in the upcoming period, which means its applicability will spread over time.
  • xRapid, used for payment providers and other financial institutions that want to minimize liquidity costs, is gradually being adopted in the market. It can complete international settlements in a short span using XRP as a bridge currency. 

Ripple (XRP.X) is trading at $0.44, down by 2.71% from yesterday.

Over the last 30 days, XRP.X lost -3.7%, which is 24.34 percentage points lower than the 30-day return of Bitcoin (BTC.X).9. Litecoin

It was created by Charlie Lee with the intent to make a lighter version of Bitcoin.  Litecoin is a peer-to-peer currency that enables instant, close-to-zero cost payments to anyone.  Here are the reasons why it may be a good investment option now:

  • A Bitcoin transaction needs 10 minutes to execute, whereas Litecoin takes around 2.5 minutes. The transaction cost for Litecoin is smaller compared to Bitcoin: $0.23 vs. $2.83.
  • This digital currency can be bought easily.  Because of its popularity, it is traded on Coinbase (the top digital currency wallet and exchange).
  • Litecoin was the first crypto asset to be traded on eToro. It's potentially on the upside because of its robust usage, evidenced by the number of active addresses per day. 

Litecoin (LTC.X) is trading at $77.47, down by 0.78% from yesterday.

Over the last 30 days, LTC.X lost -2.64%, which is 23.28 percentage points lower than the 30-day return of Bitcoin (BTC.X).

10. Ethereum Classic

Ethereum Classic is the continuation of the original Ethereum blockchain, prior to the July 2016 DAO hack.  Here are the reasons why it may be a good investment option now:

  • Currently, Ethereum Classic processes 48,000  transactions per day and is soon expected to reach the 100,000 mark, upon being licensed on Coinbase.
  • The Ethereum Classic Development Team (ETCDEV) has big plans around IoT, since Ethereum Classic has the most secure blockchain.  There is a pretty decent probability that the company will capture a share of the IoT market.  ETC's scalability will be enhanced after the inclusion of side chains.  
  • Its partnership with a South Korean exchange Zeniex will help ETC enter the Asian market per Memorandum of Understanding (MoU) signed between the two companies.

Ethereum Classic (ETC.X) is trading at $15.21, down by 5.26% from yesterday.

Over the last 30 days, ETC.X lost -3.72%, which is 24.37 percentage points lower than the 30-day return of Bitcoin (BTC.X).

11. Binance Coin

Binance is one of the largest and most powerful cryptocurrency exchanges with a market cap of about $1.5 billion USD.  Reasons for investing in Binance Coin include:

  • Binance processes about 1.5 million orders per second and over $1 Billion per day.  The company's native coin BNB has been the best performing coin since July 2017 (its inception time).
  • The interface is user-friendly, so investors can enjoy a seamless trading experience. 
  • The Binance exchange is one of the most secure exchanges in the world, so the chances of a hack or malicious cyber attack are significantly reduced. Also, its stability provides assurance to its users.

Binance Coin (BNB.X) is trading at $13.61, up 1.11% from yesterday.

Over the last 30 days, BNB.X lost 3.43%, which is 24.08 percentage points lower than the 30-day return of Bitcoin (BTC.X).Do you want a daily updated view of cryptocurrency news, price analyses and speculations?  Check out Finstead Bites, to get your scoop on cryptocurrencies and make your next bet.

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Litecoin price forecast: what do you need to know

Carla Olson | 7:22 pm ET, 29 Jul 2018

Litecoin (LTC.X) is trading at $84, up 1.3% from yesterday.  Litecoin price has been somewhat less volatile in the past week, and it seems like the deep bearish trend is coming to an end.  

What is Litecoin's price forecast?  What news should investors be aware of?

Litecoin is becoming an alternative for Bitcoin, as it increasingly serves as a transaction medium for many businesses. The Litecoin Foundation has succeeded in convincing various high-level merchants to accept LTC as a payment method. 

The development of Flexa can further accelerate this.  Flexa is a one-tap payment method for execution of microtransactions, so users won't have to route payments through banks or card providers.  It has good security features and thus users won't have to worry about protecting their private keys.

The transaction speed of Litecoin is faster than that of Bitcoin. However, Litecoin's future depends on its mass adoption.  Critics argue that  Litecoin doesn't show an impressive run on the commercial adoption frontand point to the 75% price drop since the beginning of the year.

But Charlie Lee, Litecoin founder, is quick at responding to critics on Twitter who are disappointed by LTC's value drop since its glory days.  He argues that LTC price spike in January occurred because traders realized that LTC was the fastest means of transferring funds across exchanges during the peak trading season (between December 2017 and February 2018).  

Now, let's talk about LTC price prediction.  Here are the major technical indicators:

  • MACD has a recent upside momentum. MACD (moving average convergence divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of prices.  MACD is calculated by subtracting the 26-day EMA (exponential moving average) from the 12-day EMA;
  • RSI (relative strength indicator) approaching 50, which means the coin is still oversold, but approaching the neutral territory. RSI compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements of a security;
  • A new major support level is forming at  $82.30;
  • A new major resistance level is forming at  $89.00.

Litecoin has a market capitalization of about $5 billion and is the 7th largest cryptocurrency. Over the last 30 days, LTC.X gained 6.99%, which is 23.37 percentage points lower than the 30-day return of Bitcoin (BTC.X).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Are hacking issues alone responsible for cryptocurrency price drop today?

Carla Olson | 8:41 am ET, 11 Jun 2018

The Bitcoin price dropped 7% today.  Ripple, Ethereum and Litecoin have followed suit.  

A closer look into altcoin prices reveals that some other cryptocurrencies have suffered even more--EOS is down 17%, while Tronix is down 12% and Bitcoin Cash declined 10%.

The sharp drop in the price of bitcoin and other virtual currencies is attributed to the hacking of the South Korean cryptocurrency exchange Coinrail, which was compromised over the weekend.

The obvious question is, why did the price of Bitcoin and Ethereum remain relatively more stable than the price of other virtual currencies?

It's important to note that EOS, Tronix and Bitcoin Cash are all more susceptible to panic selling than the mainstream coins.  

Coinrail is a relatively minor cryptocurrency exchange in South Korea, and the volume traded on Coinrail will not impact the price of altcoins dramatically.  However, when a panic attack hits the market, manipulators are going to be most noticeable in those areas where liquidity is lacking.  

Low liquidity is an issue for most altcoins because it allows individual traders to manipulate the price of cryptocurrencies.  What follows next is a wave of panic selling from individuals who don't believe in the long-term opportunity for those altcoins, and are looking to curtail losses by liquidating their positions. 

The current decline in the price of cryptocurrencies is a move perpetrated by market manipulators who can, for all intents and purposes, drive down the price when it's opportunistic for them.

To follow the price and news about cryptocurrencies, please visit Finstead (and type "BTC.X price" or "BTC.X news" to get the latest scoop and information).

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Litecoin (LTC.X): what to expect

Carla Olson | 11:25 pm ET, 11 May 2018

Litecoin (LTC.X) is down 10% at the time of this writing.  The price struggled to move much above $160.  Litecoin is trading in the $130-140 range now, but still above the March $115 minimum.  

What can you expect from Litecoin? What is the price forecast?  When will be a good time to jump in? 

Here is the bigger picture.  The last 24 hours have not been very favorable for cryptocurrencies.  Many cryptos have lost double-digit in the past 24 hours.  

Some of that can be blamed on the criticism from famous investors and entrepreneurs, such as Warren Buffett, Charlie Munger, and Bill Gates.  Gates even opined that he would short Bitcoin if he could. 

However, looking at the long-term, there are many analysts who believe strongly in a well-cemented future for cryptocurrencies, the technology behind them, and eventually higher prices.

About a year ago, Segwit (or Segregated Witness), a soft fork update was activated after endorsements by Litecoin.  Segwit refers to the implementation of a soft fork change in the transaction format of Bitcoin. This was considered a memorable moment for the Litecoin as well as the Bitcoin community. 

Since then, Litecoin achieved its peak at $358 in December.  

The biggest hope about Litecoin is its commercial viability:  

  • RE/MAX is listed on the Litecoin store as a place where you can buy and sell real estate using LTC.

  • You can buy pet toys, treats, accessories, and more from CryptoPet using LTC.

  •  You can buy tea straight from the people who make it on Tealet with Litecoin.

The falling knife pattern of Litecoin's price is concerning to traders.  For the latest price and news on Litecoin, please check Finstead and search for "LTC.X price" or "LTC.X news".  

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


Litecoin price prediction: ready for new highs?

Carla Olson | 2:05 am ET, 29 Apr 2018

Litecoin is an open source software project with peer-to-peer characteristics.  This altcoin has been the industry leader since 2009 and has the reputation as the most secure cryptocurrency with unexplored potential.

Litecoin creator Charlie Lee sold all of his holdings in December last year.  He’s now regretful about his decision but thinks this was the right long-term move as he tried to make Litecoin a truly decentralized cryptocurrency.

Litecoin has lost more than half of its value since its peak times, but here are some indicators that this cryptocurrency is poised to reach new highs:

  • Coinbase is a cryptocurrency brokerage that supports only three cryptocurrencies, one of which is Litecoin. Coinbase is still witnessing a significant influx of users, which is a positive sign for the top 3 cryptos (Litecoin included).
  • As an open source project, Litecoin has the flexibility to incorporate tech enhancements such as SegWit and the lightning network.
  • It takes 2.5 minutes to execute transactions on Litecoin, whereas Bitcoin needs 10 minutes to do the same.
  • Compared to Bitcoin, Litecoin transaction fees are negligible.
  • Unlike Bitcoin, Litecoin reach is not as widespread—and there is some potential to reach additional masses. 
  • The presence of a platform known as lightning network helps with fast transactions.

On the negative side, you should be aware that Litecoin market development will be somewhat limited until scaling issues are fully resolved.

Regardless of what your position on Litecoin is, and whether you think this cryptocurrency is poised for new highs, exercise caution before making any speculative bets!  

To get the latest price and news about Litecoin, please visit Finstead and type “LTC.X price” and “LTC.X news”.

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finstead Bites, please send us an email at hi@finstead.com.


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