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

IGCS: IG Client Sentiment data provided by IG


Last Week
14.1
Current
---
Chg. Open Interest
-1.3%
Outlook
Bearish

Pivot Points data provided by IG

Support & Resistance

LITECOIN
S194.6040 W R3106.8280 W
S293.2070 M R2100.8910 W
S389.7150 M R198.7950 W
Trend
neutral

News


Dollar at Fresh Yearly Highs– Levels to Know on USD Majors Post-FOMC

Webinar highlighting featured setups we’re tracking on the back of last week’s massive USD rally. Here are the updated targets & invalidation levels that matter.
Continue Reading


Bitcoin & Litecoin Technical Outlook Continues to Point to Lower Prices


Chart Setups for Next Week - Bitcoin, Ether, Ripple, Litecoin


LTC/USD Technical Outlook: Litecoin Prices Plummet towards Yearly Low


Ripple (XRP) and Litecoin (LTC) Price Charts: Dead Cat Bounce?


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

I’d like to receive information from Daily FX and IG about trading opportunities and their products and services via email.

Please fill out this field.

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

DailyFX.com – the news, research and analysis website provided by IG – is one of the world's leading sources for news and analysis across currencies, commodities and indices.

Take a look at our extensive calendar of free educational webinars to help develop your trading strategy, then test your new skills, risk-free, with an IG demo account.

Read more articles on DailyFX

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

Forex Economic Calendar

A:  Actual   F:  Forecast     P:  Previous