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LTC USD – Litecoin Price Chart TradingView

Litecoin slides through sloping channel, retraces 88.6% Fibonacci levels but no traces of recoveries Investment attributes and recommendations:The minor trend of LTCUSD (at BITFINEX) slides through sloping channel, while bearish engulfing pattern have popped up yesterday to nudge price below DMAs, to substantiate this bearish stance, both momentum oscillators …

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LTC USD – Litecoin Price Chart TradingView

Litecoin – Wikipedia

Litecoin

Official Litecoin logo

Litecoin (LTC or [4]) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license.[5] Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.[5][6] Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011.[7] In technical details, litecoin is nearly identical to Bitcoin.

Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charlie Lee, a Google employee and former Engineering Director at Coinbase.[7][8][9] The Litecoin network went live on October 13, 2011.[10] It was a fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), and a slightly modified GUI.[11]

During the month of November 2013, the aggregate value of Litecoin experienced massive growth which included a 100% leap within 24 hours.[12]

Litecoin reached a $1 billion market capitalization in November 2013.[13]

In May 2017, Litecoin became the first of the top 5 (by market cap) cryptocurrencies to adopt Segregated Witness.[14] Later in May of the same year, the first Lightning Network transaction was completed through Litecoin, transferring 0.00000001 LTC from Zrich to San Francisco in under one second.[15]

Litecoin is different in some ways from Bitcoin.

Due to Litecoin’s use of the scrypt algorithm, FPGA and ASIC devices made for mining Litecoin are more complicated to create and more expensive to produce than they are for Bitcoin, which uses SHA-256.[18]

View post:

Litecoin – Wikipedia

Litecoin – Wikipedia

Litecoin

Official Litecoin logo

Litecoin (LTC or [4]) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license.[5] Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.[5][6] Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011.[7] In technical details, litecoin is nearly identical to Bitcoin.

Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charlie Lee, a Google employee and former Engineering Director at Coinbase.[7][8][9] The Litecoin network went live on October 13, 2011.[10] It was a fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), and a slightly modified GUI.[11]

During the month of November 2013, the aggregate value of Litecoin experienced massive growth which included a 100% leap within 24 hours.[12]

Litecoin reached a $1 billion market capitalization in November 2013.[13]

In May 2017, Litecoin became the first of the top 5 (by market cap) cryptocurrencies to adopt Segregated Witness.[14] Later in May of the same year, the first Lightning Network transaction was completed through Litecoin, transferring 0.00000001 LTC from Zrich to San Francisco in under one second.[15]

Litecoin is different in some ways from Bitcoin.

Due to Litecoin’s use of the scrypt algorithm, FPGA and ASIC devices made for mining Litecoin are more complicated to create and more expensive to produce than they are for Bitcoin, which uses SHA-256.[18]

Originally posted here:

Litecoin – Wikipedia

Litecoin r/litecoin – reddit

New Flair Rule

We’ve been overwhelmed with newcomer posts. In light of this, we created a bot that will PM people without flairs various pertinent information to read through when they post. In order to stop receiving these, simply add a flair to your name. Thanks!

(Re-post of u/Sparkswont cuz it was archived)

Whether you’re new to cryptocurrency and have no clue what a ‘litecoin’ is, or a seasoned investor in cryptocurrencies, the resources below will answer all your questions. If you still have questions, feel free to ask below in the comments!

Litecoin (LTC or ) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Litecoin is one of the largest, oldest, and most used cryptocurrencies in the world. Similar to Bitcoin, Litecoin uses blockchain technology to process transactions.

So what’s the difference? To process a block, Litecoin takes 2.5 minutes rather than Bitcoins 10 minutes. This allows for faster processing times. Litecoin also has the capability to produce a total of 84 million units, compared to Bitcoins 21 million. In addition, Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.

Still confused? Take a look at this video!

There are many websites and applications where you can buy and sell Litecoin, but make sure the exchange you are using is trusted and secure. Here are some exchanges that are trusted in the cryptocurrency community:

Litecoin (and other cryptocurrencies) is stored in a digital wallet. When storing Litecoin, you want to make sure you trust the place you store them. This is why it is best to store them yourself through the electrum wallet. It is highly suggested to not store your Litecoin in an exchange (such as Coinbase, Poloniex, Bittrex, etc.) because you don’t control the private keys. If the exchange ever goes offline, or becomes insolvent, your Litecoin essentially disappear.

Some other options are:

If you’re a fan of mobile devices, then Loafwallet is the wallet for you. Developed by a Litecoin Foundation Dev, /u/losh11, this mobile wallet works great! And remember to always make sure to write down your seedkeys.

Hardware wallets are another great option, in fact, they are said to be the most secure way to store cryptocurrencies. Below is a list of the litecoin flexible hardware wallets.

Litecoin is in the top ten of all cryptocurrencies by market capitalization. Websites are rapidly adopting Litecoin as a method of payment as well. If you yourself want to accept LTC as a business, you can refer to these merchant manuals. Alternatively, if you would like to explore websites that accept Litecoin, head over to /r/AcceptingLTC.

Here are also several of our favorite merchants accepting Litecoin.

The Litecoin community is extremely kind and robust. There are many forums and places where you can discuss Litecoin with others who are interested in the currency. Here are the main ones:

If you have more questions, or are genuinely interested in learning more about Litecoin then be sure to read this series. If you have a specific question that you can’t seem to find the answer too, ask below and someone will help you out!

Read the rest here:

Litecoin r/litecoin – reddit

Litecoin – Wikipedia

Litecoin

Official Litecoin logo

Litecoin (LTC or [4]) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license.[5] Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.[5][6] Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011.[7] In technical details, litecoin is nearly identical to Bitcoin.

Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charlie Lee, a Google employee and former Engineering Director at Coinbase.[7][8][9] The Litecoin network went live on October 13, 2011.[10] It was a fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), and a slightly modified GUI.[11]

During the month of November 2013, the aggregate value of Litecoin experienced massive growth which included a 100% leap within 24 hours.[12]

Litecoin reached a $1 billion market capitalization in November 2013.[13]

In May 2017, Litecoin became the first of the top 5 (by market cap) cryptocurrencies to adopt Segregated Witness.[14] Later in May of the same year, the first Lightning Network transaction was completed through Litecoin, transferring 0.00000001 LTC from Zrich to San Francisco in under one second.[15]

Litecoin is different in some ways from Bitcoin.

Due to Litecoin’s use of the scrypt algorithm, FPGA and ASIC devices made for mining Litecoin are more complicated to create and more expensive to produce than they are for Bitcoin, which uses SHA-256.[18]

Read the original here:

Litecoin – Wikipedia

Litecoin r/litecoin – reddit

New Flair Rule

We’ve been overwhelmed with newcomer posts. In light of this, we created a bot that will PM people without flairs various pertinent information to read through when they post. In order to stop receiving these, simply add a flair to your name. Thanks!

(Re-post of u/Sparkswont cuz it was archived)

Whether you’re new to cryptocurrency and have no clue what a ‘litecoin’ is, or a seasoned investor in cryptocurrencies, the resources below will answer all your questions. If you still have questions, feel free to ask below in the comments!

Litecoin (LTC or ) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Litecoin is one of the largest, oldest, and most used cryptocurrencies in the world. Similar to Bitcoin, Litecoin uses blockchain technology to process transactions.

So what’s the difference? To process a block, Litecoin takes 2.5 minutes rather than Bitcoins 10 minutes. This allows for faster processing times. Litecoin also has the capability to produce a total of 84 million units, compared to Bitcoins 21 million. In addition, Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.

Still confused? Take a look at this video!

There are many websites and applications where you can buy and sell Litecoin, but make sure the exchange you are using is trusted and secure. Here are some exchanges that are trusted in the cryptocurrency community:

Litecoin (and other cryptocurrencies) is stored in a digital wallet. When storing Litecoin, you want to make sure you trust the place you store them. This is why it is best to store them yourself through the electrum wallet. It is highly suggested to not store your Litecoin in an exchange (such as Coinbase, Poloniex, Bittrex, etc.) because you don’t control the private keys. If the exchange ever goes offline, or becomes insolvent, your Litecoin essentially disappear.

Some other options are:

If you’re a fan of mobile devices, then Loafwallet is the wallet for you. Developed by a Litecoin Foundation Dev, /u/losh11, this mobile wallet works great! And remember to always make sure to write down your seedkeys.

Hardware wallets are another great option, in fact, they are said to be the most secure way to store cryptocurrencies. Below is a list of the litecoin flexible hardware wallets.

Litecoin is in the top ten of all cryptocurrencies by market capitalization. Websites are rapidly adopting Litecoin as a method of payment as well. If you yourself want to accept LTC as a business, you can refer to these merchant manuals. Alternatively, if you would like to explore websites that accept Litecoin, head over to /r/AcceptingLTC.

Here are also several of our favorite merchants accepting Litecoin.

The Litecoin community is extremely kind and robust. There are many forums and places where you can discuss Litecoin with others who are interested in the currency. Here are the main ones:

If you have more questions, or are genuinely interested in learning more about Litecoin then be sure to read this series. If you have a specific question that you can’t seem to find the answer too, ask below and someone will help you out!

Read more:

Litecoin r/litecoin – reddit

Litecoin – Wikipedia

Litecoin

Official Litecoin logo

Litecoin (LTC or [4]) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license.[5] Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.[5][6] Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011.[7] In technical details, litecoin is nearly identical to Bitcoin.

Litecoin was released via an open-source client on GitHub on October 7, 2011 by Charlie Lee, a Google employee and former Engineering Director at Coinbase.[7][8][9] The Litecoin network went live on October 13, 2011.[10] It was a fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), and a slightly modified GUI.[11]

During the month of November 2013, the aggregate value of Litecoin experienced massive growth which included a 100% leap within 24 hours.[12]

Litecoin reached a $1 billion market capitalization in November 2013.[13]

In May 2017, Litecoin became the first of the top 5 (by market cap) cryptocurrencies to adopt Segregated Witness.[14] Later in May of the same year, the first Lightning Network transaction was completed through Litecoin, transferring 0.00000001 LTC from Zrich to San Francisco in under one second.[15]

Litecoin is different in some ways from Bitcoin.

Due to Litecoin’s use of the scrypt algorithm, FPGA and ASIC devices made for mining Litecoin are more complicated to create and more expensive to produce than they are for Bitcoin, which uses SHA-256.[18]

The rest is here:

Litecoin – Wikipedia

Litecoin Wiki

Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized. Mathematics secures the network and empowers individuals to control their own finances.

Compared to Bitcoin, Litecoin features faster transaction confirmation times (2.5 minutes) and improved storage efficiency.

With substantial industry support, trade volume, and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin. Litecoin is the second most popular cryptocurrency.

Read the rest here:

Litecoin Wiki

Litecoin Definition | Investopedia

DEFINITION of ‘Litecoin’

Launched in the year 2011, Litecoin is an alternative cryptocurrency based on the model of Bitcoin. Litecoin was created by an MIT graduate and former Google engineer named Charlie Lee. Litecoin is based on an open source global payment network that is not controlled by any central authority. Litecoin differs from Bitcoins in aspects like faster block generation rate and use of scrypt as a proof of work scheme.

Litecoins were launched with the aim of being the “silver” to Bitcoin’s “gold,” and have gained much popularity since the time of inception. Litecoin is a peer-to-peer internet currency. It is a fully decentralized open source, global payment network. Litecoin was developed with the aim to improve on Bitcoin’s shortcomings, and has earned industry support along with high trade volume and liquidity over the years. The broader differences between the two cryptocurrencies are listed in the table below.

Bitcoin

Litecoin

Creation

2009

2011

Creator

Satoshi Nakamoto

Charles Lee

Coin Limit

21 Million

84 Million

Block Generation Time

10 Minutes

2.5 Minutes

Algorithm

SHA-256

Scrypt

Initial Reward

50 BTC

50 LTC

Current Block Reward (as of June 2014)

25 BTC

50 LTC

Rewards

Halved every 210,000 blocks

Halved every 840,000 blocks

Difficulty Retarget

2016 Block

2016 Block

Litecoin is designed to produce four times as many blocksas Bitcoin (1 new block every 2.5 minutes to Bitcoin’s 10), and it also allows for 4x the coin limit, making its main appeal over Bitcoin to do with speed and ease of acquisition. However, because Litecoin uses scrypt(as opposed to Bitcoin’sSHA-2)as a proof-of-work algorithm, the use of mining hardware such as ASIC miners or a GPU mining rig requires significantly more processing power.

Litecoin is consistently among the largest cryptocurrenciesinterms of market capitalization (though still remaining far below that of Bitcoin)and it currently has more than 50 million coins in circulation.

See more here:

Litecoin Definition | Investopedia

Litecoin (LTC) price: News & Live Chart – Trading Analysis …

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 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.

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.

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

Go here to read the rest:

Litecoin (LTC) price: News & Live Chart – Trading Analysis …


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