Are metrics really painting a bullish picture for Litecoin?

She is interested in covering the socio-political aspects of U.S and South-Asian crypto markets. She is a post-graduate in mass communication with a specialization in Journalism and she has a keen eye for market trends. LTC’s development activity registered a downtick on 16 July. Recent article also pointed out that Litecoin stood third on last week’s sentiment charts with a score of 33 among the top five. The Stochastic RSI is approaching oversold territory, suggesting that the market may be ready to continue higher. Furthermore, the RSI has rebounded above the 50 level, which shows buyers are still in control of market momentum. Against USD, we can see Litecoin has now surged into resistance at the $101 level, provided by a long term bearish .5 Fibonacci Retracement level. While Lee remains on the board of directors at the Litecoin Foundation, the foundation’s board also includes Xinxi Wang, Alan Austin, and Zing Yang. Lee works as the managing director of the foundation.

To do this, go to the Trade section and find the Market tab in the lower part of the screen. Choose whether to buy or sell, input the amount, and press Place order. The system will match your order with those already in the order book and complete it at the best market rate. It should help you make a well-grounded decision and find a favorable purchase moment. Another characteristic that makes Litecoin different from Bitcoin is the time it takes to confirm blocks. It takes Bitcoin nine minutes on average to produce a block, while it takes Litecoin two and a half minutes to produce a block on its network.

Convert Bitcoin BTC to LTC

It’s organized as a non-profit that collaborates in tandem with the Litecoin Core Dev team to strengthen and grow the Litecoin network. Affectionately nicknamed “Chocobo,” Lee also has experience outside the crypto industry. He is a Google alum, formerly working as a software engineer for the search giant. Since then, and after creating Litecoin, Lee has also worked at Coinbase as the director of engineering from 2015 through 2017. Available supply or circulating supply is the best approximation of coins or tokens in circulation and publicly available. Bullish divergence has become visible on the 4 hour chart as Litecoin consolidates within a tight range. This is the result of the previous breakout mentioned in a recent analysis. The best day to change Litecoin in Bitcoin was the Sunday, 5 September 2021. At that time the currency had reached its highest value.

History of daily rates LTC /BTC since Tuesday, 29 June 2021. There are currently 70,790,094 Litecoin coins circulating out of a max supply of 84,000,000. Another interesting design of Litecoin, one that may help to explain the difference between the BTC and LTC price, is the number of possible coins. As everyone knows, there will only ever be 21 million Bitcoin. That has helped to make Litecoin easier to mine for the average person, however, large mining operations still hold a majority of the hashpower.

Litecoin

Yaz is a cryptocurrency technical analyst with over seven years of technical analysis trading experience. As an Economics graduate, he has taken a keen interest in the future potentials of blockchain in the financial industry. Removing crypto from the equation, Yaz loves to watch his favorite football team and keep up-to-date with the latest fights within the UFC. Litecoin is secured by the state of the art cryptographic blockchain architecture that puts Bitcoin on the map.

• LiteCoin was created in October 2011 via a hard fork from the original Bitcoin blockchain that started with the “Genesis block” mined by Satoshi Nakamoto in 2009.
• However, it finally broke down at the beginning of 2022, validating the area s resistance .
• As an early adopter and advocate for cryptocurrency and blockchain technology, Lee is highly respected within the industry and outside it.
• Besides, the chart demonstrates the trading volume of both coins and the past performance of the exchange rate.

Litecoin too has had forks, or splits from the blockchain, such as Junkcoin , Monacoin , Litecoin Cash , CloakCoin and Einsteinium . Lee has made a point of calling out any fork of Litecoin as a scam. Litecoin was thrust into the spotlight in September 2021 when a fake press release was put out announcing a partnership between Litecoin and Walmart. As a result, LTC’s price rose 30%, but eased soon afterward when the alliance was revealed to be a hoax. Barchart is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve our web experience, and encourage users to Contact Us for feedback and accommodation requests. The Barchart Technical Opinion rating is a 40% Sell with a Weakening short term outlook on maintaining the current direction. Litecoin major update MimbleWimble has been approved by a majority of the nodes and locked in for activation. This process will be completed in the next two weeks, at the height of block 2 million,… Live educational sessions using site features to explore today’s markets.
You should conduct your own research, review, analyze and verify our content before relying on it. Trading is a highly risky activity that can lead to major losses; please, therefore, consult your financial advisor before making decisions. No content on our site is meant to be a solicitation or offer. As an early adopter and advocate for cryptocurrency and blockchain technology, Lee is highly respected within the industry and outside it. LiteCoin was created in October 2011 via a hard fork from the original Bitcoin blockchain that started with the “Genesis block” mined by Satoshi Nakamoto in 2009.

Learn How to Exchange Litecoin for Bitcoin

However, it finally broke down at the beginning of 2022, validating the area s resistance . When you click the Exchange button, you will create a market order for your trading pair. Read more about how much is 1 ethereum coin here. Therefore, the exchange will not be instant and the final price may be different. The affiliate programme is not permitted in Spain for the commercialisation of investment services and client acquisitions by unauthorised third parties. The value of an investment in stocks and shares can fall as well as rise, so you may get back less than you invested. University Learn everything from blockchain fundamentals to crypto trading.
Litecoin’s MWEB upgrade, which makes transactions confidential, comes at a time when the majority of the crypto exchanges are implementing strict KYC and AML guidelines. You can trade Litecoin to Bitcoin with ease via Changelly Pro! We offer you a competitive price, a quick transaction turnaround time, a simple fee structure, a hassle-free registration process, and numerous payment methods. Although many online cryptocurrency exchanges require you to go through a series of verification procedures that can take days, when you use Changelly, everything is simple and fast. The verification process takes only a couple of minutes. Use fixed or floating exchange rate to convert Litecoin on Changelly with low fees. Whether you’re hoping for a fast return or a long-term profit, Changelly provides a wide range of tools to guarantee a secure, efficient, and flexible conversion. We offer you all the resources you need to monitor the market and trade cryptocurrencies at the right time. The financial products offered via this website include digitals, contracts for difference , and other complex derivatives and financial products. Trading with us is one of the best opportunity you can find in the internet when it comes to trading and making profits fom the financial markets.

Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto’s Senior Analyst. The LTC/BTC chart is more bullish than its USD counterpart. The price has increased significantly since June 14 and broke out from a descending resistance line on June 20. 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.

The crypto asset is now ranked 5th among the top cryptocurrency market cap rankings, holding a $6.24 billion market cap value on CoinMarketCap at time of publication. Changelly’s built-in price calculator helps you easily calculate the cryptocurrency exchange rate. Simply type in the currency and the amount you’d like to convert. The calculator will show you the number of coins, the exchange rate, and the commission. Changelly offers one of the most competitive pricing structures on the market. These features are available on both our mobile application and our website. In general, Litecoin is a blockchain-based way to transact value globally. Litecoin trades on numerous platforms and has been one of the most prevalent crypto assets in the industry for most of the crypto sector’s existence. Litecoin has potential value in its faster, cheaper transactions versus Bitcoin, although LTC is less scarce in terms of coin supply and also less prominent. Any data, text or other content on this page is provided as general market information and not as investment advice.

The price of Bitcoin is $22,818.66 and BTC market dominance is %. The price of Ethereum is $1,606.59 and ETH market dominance is %. The best performing cryptoasset sector is Cannabis, which gained 21%. Launched in 2011, Litecoin is one of the oldest and most widely accepted cryptocurrencies. The fully diluted market value is referring to a cryptocurrency’s market cap when/if its total supply is issued. Also, it’s interesting to note that Litecoin in 2011, not long after Bitcoin.

Deal with a reliable exchange that combines high industry standards with a reasonably priced service. This means that you are able to leverage your investment by opening positions of larger size than the funds you have to deposit. Margin requirements vary from instrument to instrument and can be changed at any time to reflect market conditions. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

At the end of 2017, Lee shocked the Litecoin community by selling all of his litecoin holdings. The sale came a few days after the digital asset hit a high of $375.29 at the time and amid accusations that Lee was manipulating the LTC market via his Twitter posts. In the end, he cited conflict of interest as the reason for the sale. LTC is the native cryptocurrency of Litecoin, an open-source blockchain project whose code is copied from Bitcoin’s. Touted as the “silver to bitcoin’s gold,” Litecoin was developed to have much faster transaction speeds than Bitcoin, as well as to be more scalable. Bitcoin is the largest, and most popular, cryptocurrency in the market today. It was created in 2009 and has spawned the entire crypto market that is seen today.

Mimblewimble – a privacy protocol that aims to make cryptocurrency transactions anonymous – is expected to hit the Litecoin network by the end of 2021. As noted, Litecoin uses code very similar to Bitcoin’s. For more information on digital asset risk see FINRA, SEC, and CFPB public advisories. SoFi will apply a markup of up to 1.25% for each crypto transaction. The interest in cryptocurrencies continues to wane in 2022, as does Litecoin’s popularity. The trading volume of Litecoin was eight times lower in the first quarter of 2022 than it was in the first quarter… Litecoin market cap crashes as triggered by the bearish movement of the crypto market. Litecoin’s market cap was down by more than 30% compared to its performance in the first week of May wherein the… An application-specific integrated circuit miner is a computerized device designed for the sole purpose of mining a cryptocurrency.
LTC/BTC refers to a currency pair in which the price of Litecoin is expressed in Bitcoins. In trading, this pair represents the amount of Bitcoin required to purchase one Litecoin. On the Litecoin to Bitcoin chart, you can see how the price of LTC has changed over time. Two crypto coins, LTC and BTC, are paired together in the LTC/BTC pair. Litecoin was introduced in 2011 as an online payment network and a faster Bitcoin alternative. BTC was the first cryptocurrency to be created in 2009, and it is now considered the “Big Brother” of all other cryptocurrencies. With 21 million coins in circulation, Bitcoin has the largest market cap. It takes 10 minutes on average to confirm each block. At Capital.com, you can find a LTC/BTC chart and track the live price changes. We suggest you check the LTC to BTC chart before completing a transaction.

All the data on this page comes via Coinbase, and this way you have a single place where you can check your investments. Different sources will have variations in rates, so if you check your investment values across exchanges it could be misleading. Since Bitcoin was founded, hundreds of other cryptocurrencies have been forked from it or been created. Litecoin , a Bitcoin fork, is one of these altcoins—the term for cryptocurrencies that are not Bitcoin. While Litecoin is based on the same underlying blockchain and verification method as Bitcoin, several key differences might help you decide which is right for your interests and goals.
CoinGecko provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. Proof of work describes the process that allows the bitcoin network to remain robust by making the process of mining, or recording transactions, difficult. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy.

Litecoin has a much smaller market capacity because Bitcoin has a smaller supply and greater demand. If you want to start your experience with LTC and you already have some BTC, you need to find a Litecoin to Bitcoin exchange that offers great conditions — like what CEX.IO offers. All fees are clearly specified on the CEX.IO website. If you’d like to convert Litecoins to BTC or vice versa, you should know that CEX.IO has different fees for makers and takers. Makers are those who place orders that stay in the order book. Takers are those whose orders are matched to those in the order book. For LTC-BTC or any other transactions, the fee will also depend on your prior trading volume. The more you’ve traded, the lower the fee you’ll pay. Try CEX.IO to convert Litecoin to BTC easily and quickly.
Litecoins are generated faster than Bitcoin, but Bitcoin is worth more. Bitcoin might be better if you want more value per coin, while Litecoin might be better if you want more coins at a lesser value. The Bitcoin network’s average transaction confirmation time is around nine minutes per transaction. However, this can vary widely depending on network traffic. The equivalent figure for Litecoin is roughly two and a half minutes. Over the past several years, public interest in cryptocurrencies has fluctuated dramatically.

Candles above are simulated from ticker samples due to the lack of raw trade data from Dex-Trade. Vote for your favourite cryptocoin to be listed on EXMO. Read interesting news and articles about trading on INFO EXMO. Invite other traders to EXMO exchange via the Referral Program and earn on referral commissions. Verify your identity and credit card, provide necessary data to complete the transaction.

The world’s fifth-largest cryptocurrency by market cap, Litecoin, has spent the better part of the year struggling against Bitcoin. After dropping to a yearly low of $65 at the beginning of September from a peak of $98 at the beginning of August, the coin has only now started showing signs of recovery. No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion.

What Is Litecoin And Its Development In 2021 Litecoin was created in Oct 2011 as a spinoff of Bitcoin, and is considered as one of the early altcoins. Time has come for ltc to show how the long awaited mweb works. Rivaling against xmr over mainstream privacy will take a while until xmr retakes its position as the one that is more private. Xmr retaking the position will probably leave ltc bleeding, potentially after some issues being discovered with mweb or exchanges delisting it due to privacy features. After the main resistance broke upward, the second short-term resistance https://www.beaxy.com/cryptocurrency-reviews/how-to-mine-litecoin/ also broke upward and we should be ready for a bull run in the trend.good luck.ltc has big potentially to grow. ZCash is a decentralized and anonymous payment system. It is an enhanced, transaction-shielded fork of Bitcoin. Moreover, the coin’s price hasn’t dropped significantly after the Aug. 5 halving, but its correlation to Bitcoin, one of its main bullish indicators, did. All you need to know about Bitcoin Mining Bitcoin mining’ refers to the process of adding new Bitcoins into circulation. With the ultimate cryptocurrency portfolio management suite.