This column is a regular analysis of the Litecoin price (LTC to USD). We compare against the US dollar for ease of comparison (all our cryptocurrency analysis will put values in the US dollar equivalent). One of the aims of Coin Rivet is to promote understanding of cryptocurrencies and blockchain technology. Part of that understanding is looking at pricing trends for cryptocurrencies.
In discussing cryptocurrency prices, we are not recommending a coin neither are we recommending that you should invest in one. In fact, the more you learn and study the more you will realise that cryptocurrency prices fluctuate a lot and can be volatile. As we all know the value of investments can go up as well as down. In the case of cryptocurrencies that can be a lot – in both directions.
LTC price 23rd July 2018, 12.20 (GMT)
A strong start to the week for litecoin – green across the board.
Price: US$ 83.80
Daily: 1.81%
Weekly: 0.59%
Monthly: 3.11%
About Litecoin
Litecoin was released in October 2011 by Charlie Lee, a former Google employee. It was a fork of Bitcoin with the main difference being a smaller block generation time, increased maximum number of coins and a different script-based algorithm.
Our monthly article lists The Top 10 Cryptocurrencies by market capitalisation.
Further reading
If you would like to find out more about Litecoin and other cryptocurrencies, then some of the information and links to other articles, news stories and guides on our site will be useful. As a starter here is a selection of some of the Litecoin and cryptocurrency related material available on our site:
Bitcoin Cash and Litecoin added to Robinhood Crypto
Top 10 cryptocurrency prices & analysis: 17th July 2018
Coinbase makes Ethereum Classic move
Revolut slams heavy handed crypto ad ban
Revolut boosts cryptocurrency selection
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.