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From its design to its inception, Litecoin has been branded the “silver to bitcoin gold”. Given the above analysis, we have started to buy oversold altcoins in anticipation of a major rally ahead. The returns expected from the altcoin bounce are significantly larger than the current value of Bitcion Segwit2x tokens.

Overlapping area represents the amount of risk that can be diversified away by holding Bitcoin and Litecoin in the same portfolio, assuming nothing else is changed. Combining all the market indicators, a continued price surge was likely, which should elate investors. LTC’s daily chart suggested that the pump was not just a mere consequence of the bullish https://www.beaxy.com/ market as several market indicators were sporting a further northbound movement. Not only this, but Litecoin’s reserve risk spiked lately, indicating investors’ low confidence. 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.

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Everyone knows that gold is valuable, and silver is valuable, and everyone knows that gold is worth more than silver. It’s no big stretch of the imagination to conclude that Bitcoin and Litecoin, designed to be the crypto equivalents of the two big precious metals, have succeeded in mimicing their relative values. Nobody disputes Bitcoin as the “gold standard” of cryptocurrencies. Bitcoin, as the pioneer of the crypto economy, has enjoyed the benefits of being the first mover in this new financial era. Likewise, it is generally accepted that LTC is the “silver standard” of cryptos.

A drop in the active address count on a network isn’t really a good sign, however considering the crypto market’s current bear run – it is something that isn’t too much of a surprise either. In other words, if the price of one ETH tends to go below $1800, your portfolio will initiate an auto-sell sequence selling all the ETHs. So what this means is you’re risking a net loss of $2000 for a profit of $6000. The methodology proposed can be used as a way to map the main trends of the market by integrating different partitional clustering techniques. This is not surprising, as beta is computed using the mean return and volatility, which are the variables considered for clustering. In contrast, Cluster 3 is linked to high market cap cryptocurrencies .

Litecoin Price Prediction: Why LTC’s Rally is Far From Over

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• Both the platforms use the exact consensus mechanisms but Litecoin uses a different hashing algorithm like Scrypt which is more memory-intensive and slower than SHA-256 which is used by Bitcoin.
• The block time was drastically reduced so that merchants could accept litecoin without having to wait too long for the transaction to receive enough confirmations from the network.
• To resolve this empirical hurdle, we follow Lettau and Ludvigson and Lustig and Van Nieuwerburgh and use the dynamic ordinary least squares of Stock and Watson .
• To get quick and easy litecoin signal suggestions, and signals for a variety of other cryptocurrencies.
• Overall, computing power and network should be positively related to prices.

Recently, PlanB completed a number of exceptional studies into the relationship between Bitcoin’s stock-to-flow ratio and the network value . What was established is that a power-law, with a correlation factor in excess of 95%, exists with a reasonable agreement to the precious metal’s markets. Further analysis showed that the model fit was robust enough that taking many sub-sets of Bitcoin’s data returned a comparable power law distribution. The market for fixed supply crypto assets is viciously competitive as all altcoins exist in the shadow of Bitcoin’s commanding reputation, liquidity and market dominance. Bitcoin’s first mover advantage and hardcore monetary policy undoubtedly makes it the front-runner in a new age of digitally native scarce assets.

I think we’ll finally break that last record this time around and probably blow way past it. I’d pay $1800 for a futures contract of Litecoin for 3 years from now. I’d also sell it when it gets to 3 or 4K, a year before it expires. LTC is in every way superior to BTC except network hash power, but that would be self-resolving as the price increases and miners continue to add.

That growth trend favourably influenced the popularisation of cryptocurrency and attracted the attention of investors again. In the summer of 2015, many members of the cryptocurrency community discussed a possible increase in LTC’s price due to a halving of its mining block reward. Accordingly, a price pump was carried out on 10 July 2015, and LTC rose to $8 before rapidly dropping down to $3 and then to $2. Copy the trades of leading cryptocurrency investors on this unique social investment platform.

What is the difference between BTC/LTC & LTC/BTC markets?

Which is better depends on your goals, what you want to do with your coins, and your views on cryptocurrency. Litecoins are generated faster than Bitcoin, but Bitcoin is worth more. Bitcoin might be better if you want more value per coin, while Litecoin might be better if you want more coins at a lesser value. Although technically transactions occur instantaneously on both the XLM Bitcoin and Litecoin networks, time is required for those transactions to be confirmed by other network participants. Litecoin was founded with the goal of prioritizing transaction speed. These signals represent “smart money” taking positions early before markup.

The MimbleWimble Extension Blocks upgrade was successfully activated on May 19, 2022. However, the upgrade puts Litecoin in the crosshairs of regulators who do not take kindly to privacy-capable cryptocurrencies. MimbleWimble is an upgrade enabling users to achieve much-needed privacy while transacting on the network. The MimbleWimble upgrade was first proposed in November 2019 through a Litecoin Improvement Proposal. At the time, the Litecoin developers aimed to further focus on improving anonymity between senders and receivers. In late 2020, Litecoin also saw the release of the MimbleWimble testnet, which is used to test Mimblewimble-based confidential transactions on Litecoin.

Twitter Coin is Rumored To Be Available in The Crypto Market Soon?

Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter at @tonyspilotroBTC and feel free to drop me a line if you would like to work together. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. 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.

It reduced the finality time for the transactions compared to that of Bitcoin but has increased the total supply to 84 million. Both the platforms use the exact consensus mechanisms but Litecoin uses a different hashing algorithm like Scrypt which is more memory-intensive and slower than SHA-256 which is used by Bitcoin. Facing a perfect storm hash rate and fading profit margins, miners have signaled that upheaval is coming, with Bitcoin network fundamentals only now beginning to adjust to reflect it. If you would like to view our top cryptocurrency picks for the upcoming altcoin rebound, please consider joining our premium membership for just $99.

It has all the best qualities of Bitcoin, its original predecessor, but the network works with lower transaction costs and higher transaction speeds. The NVT ratio has been hovering around predetermined levels and appears to have dropped significantly recently. As the token’s value falls from around 6 to 2, it indicates that LTC is being valued reasonably and further dips in price is unlikely, thus boding well for rallies in the near future. The chart below shows the Bitcoin-to-Litecoin ratio over the past several months.