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Litecoin / US Dollar

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Digital Currency

Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.

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Litecoin founder Charlie Lee announced a free distribution of a physical stainless steel replica of Litecoin at the upcoming Litecoin Summit. Each collectible coin will be loaded with 0.1 LTC and function as a self-custodial cold wallet. Despite this exciting news, Litecoin has underperformed this year, growing only 2.95% YTD compared to Bitcoin's 48% growth.

Portfolio Pulse from Aniket Verma

July 02, 2024 | 8:17 am

Trade The Flow, a crypto researcher, suggests long/short pair trading strategies in the current sideways crypto market. He recommends long positions on Bitcoin and Ethereum, and short positions on Litecoin and Cardano. He also suggests longing Pendle and Pepe, while shorting Ondo Finance and Shiba Inu.

Portfolio Pulse from Khyathi Dalal

June 27, 2024 | 7:04 pm

Litecoin (LTC) has risen by 4.17% in the past 24 hours to $71.97, despite a 0.0% loss over the past week. Trading volume has decreased by 35.0% over the week, and the circulating supply has decreased by 0.12% to 74.68 million. Litecoin's market cap is $5.36 billion, ranking it #23.

Portfolio Pulse from Benzinga Insights

June 25, 2024 | 7:02 pm

Litecoin's price has increased by 3.59% to $74.13 within the past 24 hours, despite a 6.0% loss over the past week. The trading volume has decreased by 15.0%, and the circulating supply has slightly increased to 74.66 million, representing 88.88% of its max supply. Litecoin's market cap is currently $5.54 billion, ranking it #20.

Portfolio Pulse from Benzinga Insights

June 19, 2024 | 7:03 pm

Litecoin (CRYPTO: LTC) has seen a decrease of 3.08% in its price over the last 24 hours, bringing it down to $78.86. This drop is part of a broader negative trend over the past week, with a total decline of 3.0% from $82.02. Despite this, trading volume for Litecoin has increased by 2.0% over the week, and its circulating supply remains steady at over 74.53 million, constituting approximately 88.73% of its maximum supply. Litecoin's market cap ranking is currently #21, valued at $5.88 billion.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 3:03 pm

Ethereum and Bitcoin experienced declines, with Ethereum falling below the $3,000 mark and Bitcoin dropping below $61,000. This movement coincided with an increase in U.S. jobless claims to 231,000, surpassing market expectations. The global crypto market cap also saw a decrease of 1.4%. Akash Network emerged as the top gainer, while Pendle was the biggest loser among cryptocurrencies over the last 24 hours.

Portfolio Pulse from Avi Kapoor

May 09, 2024 | 1:33 pm

Litecoin (LTC) has emerged as the leading cryptocurrency for payments, surpassing Bitcoin (BTC) and other major assets in April, with over 41% of global crypto payments processed in LTC, according to BitPay. This marks the fourth consecutive month of Litecoin leading in payment usage. Despite its success and recognition as a 'commodity' alongside Bitcoin, Litecoin remains undervalued, ranking 19th in market capitalization at just over $6 billion. Its Network Value-to-Transaction ratio suggests it may be undervalued, yet its price has fallen 77% from its all-time high in May 2021.

Portfolio Pulse from Aniket Verma

May 08, 2024 | 4:24 am

Litecoin (CRYPTO: LTC) experienced a 5.6% price decrease over the last 24 hours, marking a continuation of its 7.0% decline over the past week. The current price is $78.4, down from $84.92. Despite this drop, trading volume for Litecoin has increased by 27.0% over the past week, and its circulating supply has slightly decreased by 0.25%, now representing 88.67% of its max supply. Litecoin's market cap ranking is currently #22, with a valuation of $5.84 billion.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 7:02 pm

Bitcoin ETFs experienced significant outflows, with ARKB and GBTC leading the trend with $31.34 million and $24.66 million in outflows respectively. The total net outflow reached $51.53 million on Monday, continuing a three-week trend totaling $435 million in outflows. BlackRock's iShares Bitcoin Trust (IBIT) remained stagnant. The U.S. saw the majority of these outflows, with Grayscale's GBTC accounting for $440 million. Despite this, inflows for the year hit a record $13.6 billion. Altcoins like Solana, Litecoin, and Chainlink saw inflows, indicating a diversification in investor interest.

Portfolio Pulse from Murtuza Merchant

April 30, 2024 | 11:20 am

Litecoin (CRYPTO: LTC) has seen a 5.9% increase in price over the last 24 hours, reaching $87.99, with an 8.0% increase over the past week from $81.1. The coin's all-time high is $410.26. Trading volume decreased by 2.0% over the past week, and the circulating supply dropped by 0.05% to over 74.47 million, making up 88.65% of its max supply. Litecoin's market cap ranks it #21 at $6.56 billion.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 3:00 pm

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