Speedy Cryptos

Litecoin (LTC)

The 24-hour trading volume of $1,930,960,519 USD, the current Litecoin price is $134.24 USD. In the previous 24 hours, Litecoin has lost 2.05 percent of its value. With a live market cap of $8,960,645,425 USD, the current CoinMarketCap ranking is #13. There are 66,752,415 LTC coins in circulation, with a maximum supply of 84,000,000 LTC coins.

LTC technology

Litecoin (LTC) is a cryptocurrency that uses blockchain technology to deliver rapid, secure, and low-cost payments. The cryptocurrency was established using the Bitcoin technology; however it differs in a few aspects. Litecoin is used for micropayments and point-of-sale transactions.

On October 7, 2011, Litecoin was uploaded on GitHub, and the Litecoin network was online five days later, on October 13, 2011. Bitcoin’s value has risen since then, owing to its broad use and acceptance.

Usage of the Litecoin

Due to LTC’s low transaction costs and quick confirmation times, “the new global payment standard for consumers and businesses worldwide” is emerging. It also reassures traders that costs are likely to be lower than they thought. Payment processing fees are much lower than those incurred by credit cards and other forms of payment, and even integration is free.

Founder of LTC

Litecoin was created by Charlie Lee, a former Google employee, who intended it to be a “Lite version of Bitcoin,” in that it has many of the same properties as Bitcoin.

All time high

All time high of LTC is 336 USD

Fibonacci level

Fib levels are used to predict and analyze the market potential and possible support and resistance levels of the market. The 0 level is showing strong support at .00357 btc. The price may go are looking to go up at the current level and the possible resistance will be at around .236 fib level.

RSI level

Relative strength index is a tool to check the momentum of the market. RSI of the LTC/BTC pair is going down from 40 levels to around 20 level .The buyers may look into carefully the support level before taking entry in the market.

Bollinger bands

Bollinger bands are an analytic tool used for the technical analysis, Bollinger band of LTC/BTC pair is at the bottom line around 0.00351.  The middle line of BB is going to act as resistance as the price of the coin will increase in the upcoming days.        

Recent development s of Litecoin

LTC upcoming news about the block halving is going to happen on 5 August 2021. The incentive for miners will be cut in half, from 12.5 to 6.25 Litecoin.

  • PayPal payments on 6 April
  • Bnb mining/ PoolX LTC on 9 April

LTC yearly price chart

The price of LTC has taken a significant dip, when the market of bitcoin and other coins crashed. The price of LTC after touching new highs took deep dip. Here it the chart of the yearly price of LTC.