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Litecoin Turns 8, Is it Really Just a Silver Bitcoin?

Litecoin is often seen as silver Bitcoin but in reality, it’s much more than that. Most crypto enthusiasts will know this already but Litecoin actually celebrated its eighth this month after around $500 billion were transacted via the network. It was stated in a post published by the Litecoin Foundation that the first block that was mined on the currency’s network was performed in October 2011 with the following message.  “@NY Times 05/Oct/2011 Steve Jobs, Apple’s Visionary, Dies at 56” As a result, two blocks were mined in order to validate the genesis block and to ensure the network was...

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Charlie Lee Comforts Community on Bankruptcy Claims for Litecoin 

Just after Litecoin turned eight over the weekend, the project’s founder, Charlie Lee put the community’s worries to rest in regards to bankruptcy concerns. When our birthday comes around every year, we tend to celebrate it with friends and family but for Litecoin, Lee decided his present to the community was solidarity. The markets are experiencing a downtrend over recent weeks, Litecoin has been hit hard. The cryptocurrency, often referred to as silver bitcoin, is down by close to 60 per cent from its June high of around $145. At the time of writing, the sixth biggest currency in the...

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Litecoin (LTC)’s Symmetrical Rise And Fall And The Need To Keep It Simple

Litecoin (LTC)’s rise and fall symmetry highlights the importance of keeping things simple. It’s a principle that works best in all walks of life and trading is no exception. If we zoom out and look at the daily chart for LTC/USD, we can see that the price is now declining in the same manner that it rallied in. So, without using any fancy indicators or trend lines, we can tell right away what is going on and what is expected to happen next. All we need is patience and discipline to wait it out and let the trades come to...

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Sally Ho's Technical Analysis 13 October 2019

Litecoin Litecoin (LTC/USD) was rangebound early in today’s Asian session as the pair traded as high as the 56.24 level after trading as low as the 55.23 area during yesterday’s North American session. Traders continue to monitor price activity around some key levels including the 59.97 area, representing the 23.6% retracement of the 182.35 – 22.17 range.  The markets crashed below this area on 24 September en route to its recent low print of 50.25 and LTC/USD will need to recover and become constructive above this area if positive sentiment will emerge in the medium-term.  A couple of additional levels...

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Litecoin (LTC) Expected To Decline In The Same Manner In Which It Rallied

Litecoin (LTC) is in a tough spot not only against the US Dollar (USD) but also against Bitcoin (BTC). The daily chart for LTC/BTC shows us the resistance levels that Litecoin (LTC) is up against while trading against Bitcoin (BTC). If we see a decline from current levels, there is nothing much that would stop the price from declining at least 25% before it finds some relief. Lest we forget, it was Litecoin (LTC) not Bitcoin (BTC) that led the parabolic advance of early 2019. We have yet to see a correction in Litecoin (LTC) that would eventually lead to...

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