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.

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LTCUSD chart

LTCUSD chart by TradingView

IGCS: IG Client Sentiment data provided by IG


Last Week
8.75
Current
---
Chg. Open Interest
5.2%
Outlook
Bearish

Pivot Points data provided by IG

Support & Resistance

LITECOIN
S127.115 W R335.692 S
S225.807 M R232.397 M
S322.512 S R129.361 W
Trend
neutral
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Litecoin further reading

News


Bitcoin, Ethereum, Litecoin: Tight Ranges May Spark Volatility | Webinar

The cryptocurrency market remains in a rut, but downtrend lines and support zones are due to collide shortly leaving the way open for some volatile moves.
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Bitcoin, Ether, Ripple, Litecoin - Charts Mixed and of Interest | Webinar


Ripple and Ethereum Prices Going Nowhere, Litecoin Building Slowly


Bitcoin, Ether, Ripple - Prices Continue to Grind Higher | Webinar


Ripple, Ethereum, Litecoin Prices - Charts Remain Negative


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