Litecoin Profile

LTC Crypto  USD 83.20  0.16  0.19%   

Performance

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Risk Of Devaluation

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Litecoin is trading at 83.20 as of the 29th of May 2024, a -0.19 percent decrease since the beginning of the trading day. Litecoin has about a 22 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Cryptocurrency ratings for Litecoin are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of April 2024 and ending today, the 29th of May 2024. Click here to learn more.
Litecoin is peer-to-peer digital currency powered by the Blockchain technology. More on Litecoin

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Litecoin is a digital token from an online market maker for peer-to-peer digital cash-like asset called Cryptocurrency. Litecoin has been active in the last 3 months, and it is presently trading with a bearish sentiment. Cryptocurrencies such as Litecoin are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Litecoin are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

Litecoin Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. Litecoin's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding Litecoin or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Thematic IdeaUSD Crypto Fund (View all Themes)
Business ConcentrationUSD Crypto Fund, Technology, Cryptocurrency, Blockchain (View all Sectors)
Litecoin is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 28 exchanges in multiple currencies. Litecoin (LTC) is a digital currency designed for fast, low-cost payments over the internet. Created by Charlie Lee in 2011 as an alternative to Bitcoin, it offers improved transaction times and a higher maximum supply, using a different algorithm (scrypt) for mining. Litecoin facilitates peer-to-peer transactions without a central authority, making it suitable for a wide range of financial activities, from everyday purchases to trading and investment. Its creation by a former Google engineer aimed to address and improve upon some of Bitcoin's limitations, establishing Litecoin as a practical complement to Bitcoin in the digital currency ecosystem.
AlgorithmScrypt
Coin TypeLitecoin
Proof TypePoW
IndustryFinancial and Insurance Activities
FINMAPayment
FCAExchange
AccessPermissionless
Collateralized AssetNo
SymbolLTC
Difficulty38.32 Million
RatingB-
NameLTC
Sponsoredfalse
Block Reward6.2862646
Asset Whitepaper UrlView
Block Time143
Is Tradingtrue
Algorithm Typescrypt
Net Hashes Per Second1,159.06 Trillion
Asset Launch Date2011-10-08
Full NameLitecoin (LTC)
Asset Website Urlhttps://litecoin.com
Block Number2.69 Million
Platform Typeblockchain
Coin NameLitecoin
Total Coins Mined74.58 Million
Litecoin (LTC) is traded on CRYPTO Exchanges. Litecoin is peer-to-peer digital currency powered by the Blockchain technology. The coin currently falls under 'Mid-Cap' category with a current market capitalization of 4.79 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Litecoin's market, we take the total number of its shares issued and multiply it by Litecoin's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Litecoin's Exchanges and Markets

HitBTC Coinmate CoinJar Bitfinex Yobit Bitstamp Luno Unocoin itBit Coinbase Bit2C Kraken NDAX Poloniex Lykke BitMart Binance BTCBOX DigiFinex Exmo Kuna Graviex Gemini BTCMarkets Bitso CoinEx LBank BigONE

Litecoin Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Litecoin market risk premium is the additional return an investor will receive from holding Litecoin long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Litecoin. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Litecoin's alpha and beta are two of the key measurements used to evaluate Litecoin's performance over the market, the standard measures of volatility play an important role as well.

Litecoin Technical Analysis

When it comes to investing in cryptocurrency, such as Litecoin, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of Litecoin, which is currently traded at 83.2, shows everything you need to know about Litecoin market value. You don't have to consider the fundamental factors that affect a crypto asset, such as Litecoin, to determine its price movements. However, the Litecoin's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so Litecoin's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project Litecoin's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Litecoin Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Litecoin price patterns.

Litecoin Against Markets

Picking the right benchmark for Litecoin crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Litecoin crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Litecoin is critical whether you are bullish or bearish towards Litecoin at a given time. Please also check how Litecoin's historical prices are related to one of the top price index indicators.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Litecoin without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in Litecoin

You need to understand the risk of getting into digital currencies such as LTC before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Litecoin in four ways:

Buy LTC through an exchange

Get yourself a crypto wallet before embarking on your Litecoin journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Litecoin. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of Litecoin through an exchange

You don't have to buy a full token when starting out since LTC is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade Litecoin through a broker

If you don't want to store your Litecoin Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in LTC through an exchange-traded fund (ETF)

You can also invest in LTC through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having Litecoin in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  
When determining whether Litecoin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Litecoin's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Litecoin Crypto.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Litecoin. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Note that the Litecoin information on this page should be used as a complementary analysis to other Litecoin's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Please note, there is a significant difference between Litecoin's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Litecoin value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, Litecoin's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.