Bitcoin and most major altcoins are sustaining above their immediate support levels, increasing the possibility that the uptrend will resume.
The Litecoin cryptocurrency is a fork of the Bitcoin codebase that was positioned as “a silver to Bitcoin’s gold.” It was created by former Google and Coinbase engineer Charlie Lee in 2011.
While similar to Bitcoin in terms of tech and monetary policy, even featuring its own periodic halving of its supply schedule, Litecoin features some core changes such as block times that are four times longer and a supply cap that is four times as large compared with BTC.
One key technical difference Litecoin has with Bitcoin is its mining algorithm, Scrypt, which makes it easier for users to generate hashes with commonly available hardware and participate in the mining process.
In June 2017, Charle Lee left his position at Coinbase to commit to Litecoin full time and is currently head of the Litecoin Foundation, which stewards and finances Litecoin ecosystem development.
Bitcoin’s strength above the $11,500 multi-year resistance is also pulling many altcoin prices higher.15904
Bitcoin and select altcoins have broken out of their bullish setups, hinting that further upside could occur through the weekend.19638
Bitcoin and altcoins could remain range-bound for a few days as traders search for triggers that will start the next trending move.18637
Litecoin's privacy feature testnet returns as news emerges that Europol sees privacy and coin mixing technologies as major digital threats11413
Traders are attempting to kickstart a new trending move in Bitcoin and altcoins by attacking overhead resistance levels.13926
The bulls are buying the dips in Bitcoin and a few altcoins, suggesting that investor sentiment remains positive.25761
Bitcoin and altcoins rebounded off their critical support levels, possibly creating a path to a new bullish uptrend.19972
Bitcoin and altcoins are at risk of a deeper correction if they do not rise above their immediate resistance levels soon.18905
Idle games are brilliant at soaking up your time and leaving you with nothing in return. But what if you could earn LTC in the process?5962
The market has taken a bearish turn and Bitcoin and altcoins will need strong relief rallies in order to restore their uptrends.26778
Bitcoin and altcoins are facing selling near key resistance levels, but for now the possibility of a sharp fall remains low.19872
Bitcoin and a few altcoins have broken above key resistance levels, which suggests that the bulls are attempting to take control of the market.17331
“It’s the first major game that utilizes the Litecoin blockchain for all of its interactions,” said LTC creator Charlie Lee.6562
Bitcoin and several altcoins are trying to break out of their respective overhead resistance levels in order to restore bullish momentum.16233