It was created based on the Bitcoin protocol. It has a low block time and low transaction fees. Litecoin is one of the most widely accepted cryptocurrencies, Well according to this chat 1W time-frame the wait may be almost over as a certain sequence of technical events indicate that LTC is about to go parabolic.
Fib level ext comes exactly at the top of the previous impulse wave, so bucks will be soon on litecoin!!! We have 3Drivers pattern inside parallel channel. Whats your idea? Get started. Videos only. Litecoin LTC - December 3.
No Light. Ascending Triangle. Litecoin Rejects Relative Highs. LTC buy now? LTC bucks incoming!!! Show more ideas. Related Symbols. Litecoin gets a kangaroo kick in the ass this week from a deal with a major Australian bank. More events. Breaking news. More news. We call these Curated Charts and they evaluate 5 core principals of technical analysis : Trend , Momentum , Patterns , Vo lume , Support and Resistance.
MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Hence, demand from buyers and supply from sellers are in equilibrium. See live Litecoin LTC chart here. See more curated charts for top 30 coins. What is Litecoin Pool? Find more real-time news here. Find full description and news on altFINS platform. It is often used as a pseduo-testnet for Bitcoin, adopting new protocol changes before they are deployed on Bitcoin.
Litecoin aimed to keep the best aspects of Bitcoin while making some optimizations for its use as a medium of exchange. Notably, it implements 2. Additionally, he thought the 84 million max supply would prevent the coin from becoming too scarce and expensive.
Litecoin uses Scrypt, a memory intensive hashing algorithm, in order to better allow individuals to mine it with commodity hardware although ASICs have been developed for Litecoin mining over the past few years. Finally, Charlie Lee, recognizing the mistakes of the few altcoins launched previously, wanted Litecoin to be launched in a fair manner, electing to only do a coin 3 block premine to allow people to get in early.
Charlie Lee left Coinbase in June to head the Litecoin foundation, which stewards the project, and finances core development. The protocol is a distributed, time-stamped ledger of unspent transaction output UTXO transfers stored in an append-only chain of 1MB data blocks. A network of mining and economic nodes maintains this blockchain by validating, propagating, and competing to include pending transactions mempool in new blocks.