LTC USD

Litecoin (LTC) is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public dispersed ledger called a blockchain. Litecoin was created in October 2011 by Charlie Lee, a former Google employee.

Litecoin is similar to Bitcoin, but has faster transaction confirmation times and improved storage efficiency. It has a market capitalization of $3.5 billion, a 24-hour volume of $236 million, and a price of $62.51.

The LTC/USD pair began trading on March 3, 2014. It has had a total return of 1,717% since inception. The pair reached a high of $358.73 on January 8, 2018, and a low of $22.48 on December 15, 2018. It is currently trading at $62.51.

The primary trend of the LTC/USD pair is up. It has been in a bull market since March 3, 2014. The pair’s uptrend has been supported by a rising 200-day moving average.

The pair has recently broken out of a consolidation pattern that had been in place since May 2018. This breakout suggests that the bull market is still in force and that higher prices are likely. The next target is $358.73, which is the previous high.

The bears are likely to put up a fight at this level, as they will not want to see the market go much higher. If they can succeed in pushing the market below the 200-day moving average, it will be a sign that the bulls are losing control. This could lead to a much deeper correction.