Litecoin Looks to Lose Bitcoin’s Overcast as LTC Price Rises in Anticipation of Halving


Litecoin, which is very similar to digital sibling bitcoin, rose in value as several other cryptocurrencies experienced notable gains. When explaining Litecoin's recent gains, analysts pointed to several factors, including the upcoming halving, bullishness in bitcoin and strong market sentiment.

Many Bitcoin maximalists are still skeptical about Litecoin. Arise Chickun made some notable points on Reddit regarding Litecoin changes openly saying that LTC is a copy of BTC.

“I’ve noticed with as much trash maximalists talk they seem to be neutral on Monero and don’t have anything negative to say about it. Basically its probably because of its development of the protocol – self-driven, and self-funded, pushing the boundaries of privacy tech and taking a lead building privacy technology.”

He has a point. The vast majority of the updates to LTC are just BTC core updates. But occasionally LTC does actually do something of their own. For example, they were the first to implement lightning. In the end, I never really understood why the LTC crowd is so bullish though.

The main appeal of LTC is that it’s faster and cheaper than BTC. But it’s not that fast, or that cheap, and the only reason it’s any faster or cheaper than BTC is that it has a tiny fraction of the transactions/traffic.

The litecoin price began 2019 at around $30 per litecoin token after a brutal 2018 saw the billions of dollars wiped from litecoin's value—but the litecoin price has rallied hard in 2019, climbing to a little over $100 per litecoin token.

Litecoin’s price is $346.32 LTC/USD exchange rate today. The real-time LTC market cap of $23.12 Billion currently ranks #10 with , daily trading volume of $3.27 Billion and live coin value change of LTC -2.20 in the last 24 hours.

Live Litecoin (LTC) Price:

1 LTC/USD =$346.3239 change ~ -2.20%

Coin Market Cap

$23.12 Billion

24 Hour Volume

$3.27 Billion

24 Hour VWAP

$347

24 Hour Change

$-7.64

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