Litecoin BTC LTC-BTC Interactive Price Chart

Comparing Litecoin’s chart next to the likes of Dogecoin, Ethereum, Bitcoin, Binance Coin, and several others, shows just how dark the depths of the crypto winter got for the altcoin. A reversal on the trading pair could help Litecoin catch up to the rest of the market, which has already set new all-time highs and then some. If and when LTC recovers against BTC, the upside could be swift and violent. An altcoin which performs favorably relative to Bitcoins power law may well be considered to have an appreciable monetary premium. Deposit crypto to our exchange and trade with deep liquidity and low fees.

Since Bitcoin was founded, hundreds of other cryptocurrencies have been forked from it or been created. Litecoin , a Bitcoin fork, is one of these altcoins—the term for cryptocurrencies that are not Bitcoin. While Litecoin is based on the same underlying blockchain and verification method as Bitcoin, several key differences might help you decide which is right for your interests and goals. The BTC and XMR exchange pair is one of the trading pairs we offer on the Swapzone platform. The BTC/XMR exchange pair is available to all crypto investors and traders who want to trade this pair at the best market rates.

Why Exchange BTC to LTC?

Don’t forget to rate and leave a review on your exchange provider. The OBV is often regarded as the “smart money indicator” – named as such for its ability to pick up signals of movements before they begin to take effect in price action. LTC/BTC and BTC/LTC are both ratios of purchasing one currency with another. Stack Exchange network consists of 181 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers. We apply clustering ensemble techniques to reduce the randomness of partitional cluster results. Both the Relative Strength Index and Chaikin Money Flow were hovering above the neutral position, which is a bullish signal.

Ethereum smart contracts support a variety of distributed apps across the crypto ecosystem. A 51% GMT attack is an attack on a blockchain by a group of miners who control more than 50% of the network’s mining hash rate, or computing power. Government regulations, economic conditions, government-sponsored cryptocurrency, and more can also affect cryptocurrency. It’s possible that technological advancements could even render cryptocurrencies obsolete.

It is a Bitcoin fork, created to gain an upper hand in mining, by a former Google engineer Charlie Lee. Lee referred to Litecoin as the Lite version of Bitcoin as it works on the mechanism that the star crypto works but with upgraded features. To conclude, the MC/TC ratio for BTC, ETH, and LTC indicates that the current bull market still allows for more price growth. The good thing about swapzone.io is that you don’t need to register to use the platform, and there are no fees.

Development Activity on the rise!

Litecoin differs from Bitcoins in aspects like faster block generation rate and use of scrypt as a proof of work scheme. In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. The drop in the Bitcoin-to-Litecoin ratio over the past few days from 135 to 116 has been driven by positive news for Litecoin.

Last years, have been incredible – tremendous growth, new protocols, defi, metaverse, all of it. But we have come to notice, that – as beautiful these new innovations are – and as promising they happen to be – they are NOT waterproof just yet. UST collapse showing that algorithmic stable coins aren’t ready… “Difficulty bomb” referred to the increasing difficulty and time needed to mine Ethereum blocks to discourage a fork after the blockchain transitioned to proof-of-stake. The Bitcoin network’s average transaction confirmation time is around nine minutes per transaction.

We are continuously working to improve our web experience, and encourage users to Contact feedback and accommodation requests.

World currency prices are based on rates obtained via Open Exchange Rates. If you’re a regular trader or short-term investor, the risk factor always plays against you. Especially in a market that can be extremely volatile at times, making a profit from day trading could be difficult. For example, Litecoin integrated the Lightning Network – a second-layer technology for Bitcoin to create micropayment channels for payments – ahead of Bitcoin. Some analysts believe BTC’s consolidation above the SMA could propel the cryptocurrency’s recovery. Yet, there are only four times more Litecoin in existence than Bitcoin.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how this product works, and whether you can afford to take the high risk of losing your money. This option does not involve you taking ownership of any cryptocurrency, so you never need to deal directly with an exchange. Jason Hamlin is the founder of goldstockbull.com and publishes a highly rated investment newsletter focused on precious metals and cryptocurrencies. Hamlin is a cycles investor, student of Austrian economics and speaks regularly at investment conferences.

Litecoin vs Bitcoin: What’s The Difference?

If the price is 0.025, that is how many bitcoins are needed to purchase 1 LTC. Figure7 represents the time axis, and the medoids of each cluster. Figure8 shows the annual and quarterly density functions of the three medoids. Also, Fig.8a represents how different the density plot of the Cluster 1 compared with the others corresponding with the higher volatile cryptocurrencies is. Clustering shows that it is possible to effectively discriminate the log-return distributions, considering central tendency, dispersion, and shape. It is a dispersion measure for histogram data based on the L2 Wasserstein metric .

You comply and understand that you should use any of this information at your own risk. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions. An interesting ratio that has so far correctly predicted the two previous market tops is the MC/TC ratio.

And we can always expect a three year delay and that the gap between the two market caps will get closer to each other over time. Simply input the amount of LTC you want to convert, select BTC, and get the result! Data shows a Litecoin whale has withdrawn $65.5 million in LTC from the crypto exchange Binance, a sign that may prove to be bullish for the price of the coin. Proof of work describes the process that allows the bitcoin network to remain robust by making the process of mining, or recording transactions, difficult. An application-specific integrated circuit miner is a computerized device designed for the sole purpose of mining a cryptocurrency.

Since the bitcoin wave came in 2009, many other coins also came back with multiple projects. Cryptocurrency Pairs Pick the cryptocurrency pair you wish to trade on. If you are using USD or other FIAT currency to trade you can onboard your money into a new asset through a bid order. If you already have the asset you wish to trade you can either place a bid order for more of that asset, or an ask order to sell some of that asset.

What’s more, BTC is a superior store of value, while LTC is better for quick purchases. Analysts say that, in the long term, LTC may see its price increase and reassume its previous rank. If you’re looking for a good return in 5 or more years, pay attention to this cryptocurrency. Keep in mind that, unlike if you were to buy and sell litecoin, you won’t need an account with an exchange.

Some of our favorite altcoins have bounced sharply off multi-month lows in the past few days. A number of cryptocurrency investors are clearly looking to get a jump on the herd, which is likely to wait until after November 16th to move back into altcoins. This outperformance of Bitcoin vs. Litecoin has largely been driven by multiple hard forks on the Bitcoin network.

• LTC is currently consolidating and might aim more upsides above $85.
• Comparing Litecoin’s chart next to the likes of Dogecoin, Ethereum, Bitcoin, Binance Coin, and several others, shows just how dark the depths of the crypto winter got for the altcoin.
• The five distributions exhibit slightly negative central tendency measures, with Cluster 1 having the lowest values.
• As LTC is a fan-favorite among traders, its global daily volume often exceeds $4 billion dollars.
• Since each individual’s situation is unique, a qualified professional should always be consulted before making any financial decisions.

If you want to buy or trade LTC while on the go, you can download the Beaxy mobile app and gain market-wide access at all times. With the Beaxy app, you will also get automated trading signals from professionals for free. NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We have come to many conclusions but one of the most powerful is the relationship to wealth preservation and the savings rate in China.

The equivalent figure for Litecoin is roughly two and a half minutes. Both Bitcoin and Litecoin are cryptocurrencies that use the proof-of-work consensus mechanism. Kirsten Rohrs Schmitt is an accomplished professional editor, writer, proofreader, and fact-checker. She has expertise in finance, investing, real estate, and world history.

This renders Litecoin’s all-time high to within 3% of the all-time high of silver. Proof-of-Stake is a cryptocurrency consensus mechanism used to confirm transactions and create new blocks through randomly selected validators. Another of the main differences between Bitcoin and Litecoin concerns the total number of coins that each cryptocurrency can produce. The Bitcoin network can never exceed 21 million coins, whereas Litecoin can accommodate 84 million coins.

This is a subreddit devoted to long-term and short-term trading of Litecoins. Bitcoin edged up above US$17,000 in Wednesday morning trading, a level it has fluctuated around for much of the past week. Beaxy allows you to trade litecoin with convenience and peace of mind. Our user interface is customizable and can be optimized for beginners and experts alike. A red transaction indicates that an ask order was completed, while a green transaction indicates that a bid order was completed.

Nonetheless, Glassnode’s data revealed a different story for Litecoin. LTC’s number of receiving addresses registered a decline over the last few days, which is a negative signal. T press time, LTC was trading at $56.52, nearly 10% more than the last week, which was higher than that of Bitcoin’s 7-day value.

Thus, picking your crypto trading pair is the first step to trading. Launched in the year 2011, Litecoin is an alternative cryptocurrency based on the model of Bitcoin. Charlie Lee, https://www.beaxy.com/ a MIT graduate and former Google engineer, is Litecoin’s creator. Litecoin is based on an open source global payment network that is not controlled by any central authority.