Litecoin

What is Litecoin (LTC)?

Litecoin is a digital currency, abbreviated as LTC, distributed in a decentralized network and is one of the world's largest cryptocurrencies. Litecoin launched in October, 2011 as a direct derivative of Bitcoin and its blockchain. Litecoin offered a key advantage over Bitcoin in the form of faster transactions and thus higher potential liquidity-ultimately resulting in lower transaction costs.

Litecoin and SegWit

Litecoin was the first of the top 5 cryptocurrencies in market capitalization to implement the Segregated Witness transaction format. Also known as SegWit, the new protocol allowed for potential speed and security improvements on the original Litecoin software and enabled the use of the so-called Lightning Network. Here the purpose of the secondary network is to enable faster off-blockchain transactions which are ultimately aggregated and broadcast to the blockchain itself.

What is the value of Litecoin?

The development and performance of Litecoin has tracked Bitcoin, and therefore has quickly become the world's second-largest cryptocurrency in terms of total market capitalization.

In the future we expect Litecoin to track the trajectory of other major cryptocurrencies quite closely. Where it stands to gain is as a more technologically-advanced version of Bitcoin. And indeed price of LTC has thus far outperformed BTC since Litecoin adopted SegWit in May, 2017.

How to trade Litecoin

You can track Litecoin prices on our currency chart, and read all the latest Litecoin news and analysis to support your cryptocurrency day trading.

View More

LTCUSD chart

LTCUSD chart by TradingView

Pivot Points data provided by IG

Support & Resistance

LITECOIN
S1154.126 W R3172.763 W
S2154.089 W R2169.119 W
S3146.043 M R1163.198 W
Trend
neutral

News


Litecoin, Bitcoin, and Ethereum Strength Faces Technical Test

The bounce in cryptocurrencies has been a vigorous one, but the group is coming up on challenges which should at least test the will of longs.
Continue Reading


Bitcoin, Ether, Ripple and Litecoin Analysis - Prices Surge


Crypto Chart Analysis: Litecoin Still Heavy, Bitcoin T-line Resistance


Chart Analysis - Bitcoin, Ether, Ripple and Litecoin


Bitcoin, Ether, Ripple Charts Highlight Consolidation For Now | Webinar


Real Time News




Get Your Free Introduction To Bitcoin Trading

Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

Your Guides Are Headed to Your Inbox

At DailyFX, we believe that the best way to improve is to get your hands dirty . So your guides come with a free demo account from our provider, IG, which you can use to try out trading with zero risk.

Your demo is preloaded with virtual funds, which you can use to trade over 10,000 live global markets.

Learn More about Your Demo

Your Guides Are Headed to Your Inbox

Read more articles on DailyFX

An error occurred submitting your form.
Please try again later.

Forex Economic Calendar

A:  Actual   F:  Forecast     P:  Previous