This Tuesday will highlight the Litecoin, which in the last 2 weeks has lost more than 100 dollars since it scored its historic high at US $ 318.
The Litecoin is one of the most valued cryptocurrencies in the world, it is known by its abbreviation LTC, it is one of the decentralized virtual currencies, it is divided into units that have eight decimals and has a technical structure similar to Bitcoin.
This cryptocurrency was created by one of the former employees of Google, Charlie Lee in 2011 with the purpose of complementing Bitcoin, since Litecoin has the capacity to distribute 84 million in currency, that is, a quantity much greater than that of Bitcoin, which is 21 million units.
At the time of writing this report Litecoin is negotiating around US $ 180, a value that I consider acceptable for short-term investment.
I see a possible bullish bounce in Litecoin, which can reach up to US $ 250 in the coming weeks.
Although the project is interesting, I do not recommend long-term betting, since there are more interesting Tokens and with better potential, such as Ethereum and Ripple
In the graph above we can observe the high volatility of Litecoin in the last month, where it has moved in a wide range between US $ 142 to US $ 318. For short-term trade, the LTC can be a good alternative.
Litecoin ranks 6th in the cryptocurrency ranking, with a market capitalization of close to US $ 10,000 million.
The LTC Token can be traded in the main exchanges of the world, among which Bittrex and Binance
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thanks for sharing your thoughts on Litecoin.
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This post has received a 0.07 % upvote from @drotto thanks to: @banjo.
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Este Post ha recibido un Upvote desde la cuenta del King: @dineroconopcion, El cual es un Grupo de Soporte mantenido por 5 personas mas que quieren ayudarte a llegar hacer un Top Autor En Steemit sin tener que invertir en Steem Power. Te Gustaria Ser Parte De Este Projecto?
This Post has been Upvote from the King's Account: @dineroconopcion, It's a Support Group by 5 other people that want to help you be a Top Steemit Author without having to invest into Steem Power. Would You Like To Be Part of this Project?
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by jacksonmil980 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
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Hi, just wanted to add some information for clarification here. Litecoin isn't a Token, it's an alt-coin, meaning it can only be used to store value, unlike tokens. Tokens are multi-faceted and can be used to represent other things like property, utilities, income or fungibility.
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