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LTC - Digital Silver
Litecoin, often referred to as the "silver to Bitcoin's gold," is a peer-to-peer cryptocurrency that offers faster transaction times and lower fees compared to Bitcoin. Created by Charlie Lee in 2011, it uses the Scrypt hashing algorithm.
Block time of 2.5 minutes enables faster confirmation times compared to Bitcoin's 10 minutes.
Minimal transaction fees make Litecoin ideal for daily transactions and microtransactions.
One of the oldest cryptocurrencies with a proven track record and active development community.
LTC showing weakness against both USD and BTC, testing key support levels.
Support: $75.00, $70.00
Resistance: $85.00, $90.00
Bias: Neutral to bearish