Ltc btc ratio

Litecoin is one of the oldest cryptocurrencies and one of the few to hang onto the top ten assets by market cap for several years at a time, even despite an inability to reclaim its former price record. Ltc to btc There was a strong upward move above the 0.0025 and 0.0030 resistance levels. There was a clear move above a major bearish trend line with resistance near 0.0030BTC on the weekly chart. The bulls even pumped the price above the 0.0032 resistance and the 50-week simple moving average (blue).

In March 2021, Bitcoin had a market cap of $1 trillion, whereas Litecoin had a market cap of $13.7 billion. The two have different algorithms too. Litecoin has a newer algorithm known as Scrypt, and Bitcoin has the SHA-256 algorithm. Also, Litecoin has a better transaction speed and it produces a larger number of coins. It is important to note, though, that this is merely a way to spark the interest of investors, and they don’t affect the usability or value of the cryptocurrency. Recent Trades section Amidst this, an investor’s choice of wallet would serve as the most excellent investment. When developers launched Litecoin in October 2011, the aim was to serve as a complement to Bitcoin. Being a new cryptocurrency, Litecoin developers could identify Bitcoin’s flop and create a solution to it, including solving its slow transaction rate. As a result, migrating from BTC to LTC is almost in the same circle; however, having both currencies in your investment portfolio is nothing far from the best decision. My point is, the market cap for litecoin is actually higher than compared to BTC 3 years ago. And we can always expect a three year delay and that the gap between the two market caps will get closer to each other over time.