Does it mean every investment or trade has a 50/50 chance for profit or loss? If you understand the concept of the Risk/Reward ratio, it’ll be way easier to steer through the choppy waters of the crypto market. Using a crypto portfolio tracker has become more convenient than it was in the past. As an example, you have acquired Litecoin at different prices, which makes it difficult to identify the individual purchasing prices. Since the bitcoin wave came in 2009, many other coins also came back with multiple projects.

Behind the pseudonym, I’m a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. It hasn’t yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can’t yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Active Addresses are basically the number of unique addresses that were active in the network either as a sender or receiver. Only addresses that were active in successful transactions are counted.

When Litecoin listed on several markets in 2011, the Litecoin price hit $0.30. Then, from November to December 2013, it went on a massive bull run, with Litecoin price hitting a high of $44.73. However, the bear market and Mt. Gox hack caused Litecoin prices to crash in 2014, and prices consolidated within the $2 to $4 range for several years. In November and December of 2017, Litecoin price rallied over 500% to $358.34, on the back of the crypto bull market. Litecoin price hit an all-time high in May 2021, in the latest crypto bull run, which saw it reach $386.45 on May 9, 2021. If you would like to know where to buy Litecoin at the current rate, the top cryptocurrency exchanges for trading in Litecoin stock are currently Binance, BTCEX, Bitrue, OKX, and MEXC.

Smart Money Signals That Litecoin Is Ready To Bounce Against Bitcoin

Notice this ratio has more than doubled since July, as the Bitcoin price has rocketed higher and outperformed Litecoin. And if Litecoin is really silver to Bitcoin as gold, we should be seeing a much lower BTC-to-LTC ratio. The gold-to-silver ratio is currently around 75 and has averaged closer to 60 over the past few decades.

Litecoin was developed in October 2011 by Charlie Lee, a former Google and Coinbase engineer. The block time was drastically reduced so that merchants could accept litecoin without having to wait too long for the transaction to receive enough confirmations from the network. The supply was increased to prevent the digital currency from becoming too scarce and unaffordable. The development of the Litecoin protocol and digital asset are performed by Litecoin Core and are funded by the Litecoin Foundation.

Exchange

At 1.073, the multiple — as with seller exhaustion — nonetheless echoes the June macro BTC price bottom. Cryptoquant.com needs to review the security of your connection before proceeding. LTC/BTC and BTC/LTC are both ratios of purchasing https://www.beaxy.com/ one currency with another. Stack Exchange network consists of 181 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.

Litecoin is an open-source global payment network which is not controlled by any central authority. It is a Bitcoin fork, created to gain an upper hand in mining, by a former Google engineer Charlie Lee. Lee referred to Litecoin as the Lite version of Bitcoin as it works on the mechanism that the star crypto works but with upgraded features. The all-time high price of Bitcoin was reached on November 29, 2013 as it touched $1,242 per coin, on the same day that gold traded for $1,240. The all-time high of Litecoin was reached on November 28, 2013 when it touched $48.47 per coin. In late April of 2011, the all-time high for silver was reached at $49.76 per ounce.

It has the best liquidity and is the most paired trades with other altcoins. Bitcoin is improving its network tech with Segwit and will likely implement the Lightning Network, atomic swaps and privacy features at some point in the months ahead. In theory, this sounds like a significant advantage for Litecoin; however, supply and demand generally dictate prices for commodities and investments, along with consumer and investor sentiments. Both appear to believe that Bitcoin aligns with their interests, values, and financial goals, so its price reflects that.

So overall, from a technical perspective, Litecoin is undergoing a strong consolidation phase and some kind of major movement is long time due. Furthermore, rising development activity and a drop in NVT with social dominance point to the resurgence of bulls. As a result, a significant upswing may be on the way, bringing the price even closer to a three-digit value very soon. The social dominance of crypto indicates the market participants’ interest in the asset. The metric indicates whether or not the crypto-verse is discussing the token, particularly when market sentiments are bullish. It could be discussions on social media platforms, carrying out engagements, and so on.

More specifically, long transactions are broken down into a single transfer by recording one input-output pair. Beaxy provides advanced charting tools, a revolutionary swipe trading app, world-class FIX and REST API, and FIAT onboarding and offboarding to make for the best possible Bitcoin trading experience. Order books contain orders to buy or sell an asset that are determined by exchange users.

Charlie wanted it to be complementary to Bitcoin and believed it offered some key advantages. He also wanted Litecoin to be a fair distribution and thus there was no pre-mine of the currency as we have seen from several other competing cryptocurrencies. Charlie is still leading its development and very active in the cryptocurrency community. Charlie also worked for coinbase.com for a long time, before quitting in June of this year to focus on Litecoin full time. Over the past several years, public interest in cryptocurrencies has fluctuated dramatically.

Is LTC correlated to BTC?

It has garnered attention from investors, whose interest in cryptocurrency has surged as it has aged. The main focus of this interest has been Bitcoin, which has become synonymous with creating cryptocurrency millionaires and increasing people’s digital wealth. Like Bitcoin and several other cryptocurrencies, Litecoin uses the PoW consensus algorithm to ensure transactions are confirmed quickly and without errors. The combined strength of the Litecoin mining network prevents double-spends and a range of other attacks, while ensuring the network has 100% uptime. As a blockchain-based cryptocurrency, Litecoin is secured by incredibly strong cryptographic defenses — making it practically impossible to crack. LTC has been an underperforming token when compared to BTC for a very long time.

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While very high NVT’s have typically signified market tops, a gradually rising NVT points to an improving market sentiment regarding the coin. Lately the news for Bitcoin has been pretty stellar, with more merchants accepting it, more investors interested in it, and more individuals learning about it. The future for Bitcoin is bright, and it is reasonable to expect that Bitcoin will eventually overcome all the bad press it endured during the 2013 year, and with it, the current lower prices.

Biais et al. link transaction benefits of a cryptocurrency to the size of its network. Our analysis confirmed that there is an underlying structure of the data, which also persisted when considering a longer time period. Overall, computing power and network should be positively related to prices. Clustering offers a more subtle discrimination ETH of the cryptocurrencies that are offered by the K-means on the mean and standard deviation, or by the TADPole on the time series. Therefore, we consider that Hist-DAWass is a suitable and promising profiling tool for investors, and believe that it could be used in financial markets in general. The classical methodology based on MST algorithms is applied by Song , to filter out the influence of Bitcoins and Ethereum; it detects six homogeneous clusters.

• Her expertise covers a wide range of accounting, corporate finance, taxes, lending, and personal finance areas.
• LTC is currently consolidating and might aim more upsides above $85.
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• They are quite symmetrical, with low skewness and heavy tails, as indicated by a high kurtosis.

Litecoin Core and the Litecoin Foundation are separate entities that work closely together to move the project forward. Litecoin is an open-source peer-to-peer cryptocurrency that was created as a fork of Bitcoin’s codebase. LTC, the digital asset, is the native currency of the Litecoin network. It often serves as a testnet for Bitcoin, implementing upgrades before they are deployed with Bitcoin. Litecoin uses Scrypt, a memory intensive proof of work consensus algorithm which enables mining with consumer-grade hardware such as GPUs.

Jason Hamlin is the founder of goldstockbull.com and publishes a highly rated investment newsletter focused on precious metals and cryptocurrencies. Hamlin is a cycles investor, student of Austrian economics and speaks regularly at investment conferences. It’s hard to think that anything but the silver analogy is what propelled Litecoin to so close a value as silver. Risk assets are investments that experience a significant amount of volatility in the usual course of the market. When the value of this metric goes up, it means the market cap is outpacing the realized cap at the moment, leading to investors having more motive to sell the coin.

The five distributions exhibit slightly negative central tendency measures, with Cluster 1 having the lowest values. They are quite symmetrical, with low skewness and heavy tails, as indicated by a high kurtosis. Skewness is closer to zero in all cases, but positive, which means that the right tail of the distribution is fatter; in other words, it has more extreme positive return values on the right tail.

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