The Litecoin price is one of the best indicators of the overall performance of the altcoin market, as Charlie Lee's creation is the oldest sibling of Bitcoin that is still active and in demand. Often referred to as "digital silver" or "silver to Bitcoin's gold", LTC is four times quicker than BTC, has four times the supply of Satoshi's coin (84 million units) and is the leader of its own mining algorithm (Scrypt).
Being around since 2011, Litecoin has gained a lot of traction, is listed on most cryptocurrency exchanges, and is often regarded as a coin that's so technically similar to Bitcoin that it's easy to implement. Generally speaking, the Litecoin price has followed the ups and downs of its older sibling. However, thanks to the different halving schedule, the tendency to implement upgrades before the more conservative Bitcoin (as was the case with SegWit and the Lightning Network), and its avant-garde privacy tendencies (LTC is expected to get Confidential Transactions via MimbleWimble), we can see a decoupling of the trend. Due to having a lower trading volume than Bitcoin, Litecoin's price can increase and decrease more drastically, so it's important to watch the events carefully and anticipate every possible movement.
Crypto Insider will provide you with useful technical analysis on Litecoin's price action, as well as unbiased news on the latest developments.
