An Analysis of Bitcoin vs Litecoin and Gold vs Silver

We still benefit from the fork, as it has caused our Bitcoin holdings to increase in value significantly. We can now use those BTC to buy significantly more altcoins that we could have just a few weeks ago. This creates an incredible opportunity for value investors as the buying opportunity is enhanced by both the recent Bitcoin rise and altcoin correction. This outperformance of Bitcoin vs. Litecoin has largely been driven by multiple hard forks on the Bitcoin network. When the hard forks occur, those holding Bitcoin receive an equal number of the new forked coin such as Bitcoin Cash, Bitcoin Gold or the upcoming fork into Bitcoin Segwit2x . This has caused investors to sell Litecoin and other altcoins in order to buy more Bitcoin and get more free forked coins.

Overlapping area represents the amount of risk that can be diversified away by holding Bitcoin and Litecoin in the same portfolio, assuming nothing else is changed. Making statements based on opinion; back them up with references or personal experience. LTC/BTC and BTC/LTC are both ratios of purchasing 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. ’s on-chain metrics provided some clarity on the matter, as a few of them were backing the surge, while the others were indicating a trend reversal. According to the Evonax exchange, maximum security is possible through a trusted wallet.

What is the difference between BTC/LTC & LTC/BTC markets?

After hitting that bottom, Bitcoin climbed back all the way to $14,000, then fell back to under $4,000 once again. By the time you read this, the cryptocurrency’s price may have rocketed out of control. Investors who bought at the high would be out money by holding the entire drawdown.

The crypto market keeps getting touchy and challenging for most crypto traders and investors, with the market being hit virtually every week with bad news that sends the price of most altcoins to their… When Litecoin first arrived in the crypto market, it traded for a price of around $3, according to CoinMarketCap. Litecoin has been through two bear markets now, and after the first peak fell to as low as $1. This powerful volatility makes Litecoin an excellent asset for trading, even more so than an investment. Both also rely on the same block reward halving mechanism and proof of work consensus method to secure the network underlying network each token underpins. Things differ in terms of supply and distribution when it comes to Litecoin’s supply of 84 million LTC.

Litecoin: Fresh rally pushes LTC Price towards resistance zone, but can it break out of it?

There’s also more minable Litecoin than minable Bitcoin, but both have a limited supply. But most holders prefer Litecoin for online payments due to its low service charges compared to Bitcoin. Order books contain orders to buy or sell an asset that are determined by exchange users. Orders are matched by the exchange matching engine to produce completed traders.

Overall signifies a bearish trend, meanwhile, a lower value indicates a bullish trend. Since then, it has evolved from a novelty into a controversial commodity, investment, and exchangeable currency. It relies on decentralized and community computing power to maintain the validity and security of a centralized database, called a blockchain. Nobody disputes Bitcoin as the “gold standard” of cryptocurrencies. Bitcoin, as the pioneer of the crypto economy, has enjoyed the benefits of being the first mover in this new financial era. Likewise, it is generally accepted that LTC is the “silver standard” of cryptos.

Cardano fell on July 21 as the market prefers growing selling pressure around its most stable resistance levels in 2022 over a huge anticipated hard fork. Lee announced the developers’ effort in making Litecoin value three billion dollars due to its shared code with Bitcoin. The currency needs to upgrade its market value to prevent a sudden crash. “For security https://www.beaxy.com/ reasons, we will wait until your transfer to us is securely confirmed by the network, which is the industry standard for an irreversible transaction. I think that’s conservative, remember ath for the ratio is around .045 btc which was all the way back in November 2013. I think we’ll finally break that last record this time around and probably blow way past it.

The BTC/XMR exchange pair is available to all crypto investors and traders who want to trade this pair at the best market rates. Bitcoin makes an excellent investment and trading asset due to how powerful the price swings are and the high price per coin now and in the long term according to price predictions. But because cryptocurrencies aren’t used for anything more than speculation or a store of value currently, this could be some ways off. The pandemic has sped up the trend towards digital currencies, so it could also happen sooner than expected, especially now with PayPay involved. Litecoin has a lower LTC/USD exchange rate and less purchasing power because it has a larger supply and lower demand than other WAVES cryptocurrencies do. This is largely due to consumer and investor perspectives—if a means of exchange can purchase more goods, it is worth more.

From its design to its inception, Litecoin has been branded the “silver to bitcoin gold”. Given the above analysis, we have started to buy oversold altcoins in anticipation of a major rally ahead. The returns expected from the altcoin bounce are significantly larger than the current value of Bitcion Segwit2x tokens.

Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. 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. A drop in the active address count on a network isn’t really a good sign, however considering the crypto market’s current bear run – it is something that isn’t too much of a surprise either.

Cardano Might Drop By 20% Despite Vasil Fork News Excitement

The asset was created by the mysterious Satoshi Nakamoto, who, even today, is still unknown and is presumed deceased. They made the cryptocurrency decentralizd so it functions without the need for a third party or intermediary. 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.

She has expertise in finance, investing, real estate, and world history. Kirsten is also the founder and director of Your Best Edit; find her on LinkedIn and Facebook. The OBV is often regarded as the “smart money indicator” – named as such for its ability to pick up signals of movements before they begin to take effect in price action. But a bounce is due, according to one crypto analyst‘s interpretation of the LTCBTC price chart. Only 84 million LTC exist, a mere four times the amount of the BTC supply.

Since the cryptocurrency price is highly volatile, this decision would help you stay at your top game and save you during the bearish periods. Like the cryptocurrencies referenced, both precious metals have limited supplies, are used as a store of value, and have been used as a currency over the ages. Few other assets have these attributes, making them unique as an investment or trading asset. 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.

It would take less than a 100x from current prices to get to $3,000 per token, and only 10x from the former all-time high. Litecoin price predictions are nowhere near as WAVES high as Bitcoin price predictions, but that is due to the difference in each coin’s max and circulating supply. It would take substantial capital to take Litecoin to the price per Bitcoin, and Bitcoin would likely rise with it and absorb any chance of becoming bigger. Things could soon change for Litecoin, however, as Bitcoin gets much more expensive by the day, and Litecoin remains relatively affordable by comparison.

If a commodity or investment has a higher value for people, they will pay more for it. Bitcoin is currently perceived to be a more valuable asset, so it is worth more. If the link is maintained and continues to be reinforced (which is a significant “if” considering how young the whole crypto economy is), we should be able to predict the ratios to some degree of certainty. 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. Supporters of a block size increase were more committed to an on-chain medium of exchange function.

In conclusion, the lowest percentile P70 is allocated in Intersection 1 , Intersection 2, Intersection 5, and Intersection 6. Results reveal that it discriminates three groups of different behaviors that could interest the investor depending on his/her risk-aversion profile, sufficiently. Table5 shows all the intersections, and those with a cardinality greater than 100 , representing 75% of the total market. In a contour plot that helps us to locate areas in which cryptocurrencies tend to be more concentrated. We also downloaded the data for 2019, to extend our experiment for a longer time-frame, analyzing the generalization of the results. Litecoin which is often referred to as the silver to Bitcoin’s gold didn’t fail to bring joy to its investors.

• The methodology proposed can be used as a way to map the main trends of the market by integrating different partitional clustering techniques.
• The Beaxy Exchange (beaxy.com) is operated by Windy Inc in the United States and around the world.
• Litecoin which is often referred to as the silver to Bitcoin’s gold didn’t fail to bring joy to its investors.
• Litecoin was developed in October 2011 by Charlie Lee, a former Google and Coinbase engineer.
• Bitcoin is known as the world’s first cryptocurrency to appear on the crypto market.

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. Scrypt was chosen due to its memory-intensive features that limit the use of AISIC miners.

Compare the value of the desired amount of BTC in LTC using the Swapzone Bitcoin to Litecoin converter and swap BTC to LTC at the best price. The Beaxy Exchange (beaxy.com) is operated by Windy Inc in the United States and around the world. Download the Beaxy Trading App to trade your LTC and access all Markets anytime and anywhere.

This halving will put us even with btc inflation wise for one year. I have long believed that this coming year will set a massive ratio rise due to the cut in supply. Barchart is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve our web experience, and encourage users to Contact Us for feedback and accommodation requests.

What Is Litecoin And Its Development In 2021 Litecoin was created in Oct 2011 as a spinoff of Bitcoin, and is considered as one of the early altcoins. The most significant difference is in transaction speeds ranging from 2.5 minutes to 10 minutes, and transactions per second ranging from 5-7 to over 50 transactions per second. Litecoin was designed to be a faster and more efficient version of Bitcoin, hence the name “lite.” LTC uses the Scrypt algorithm for its mining, while BTC uses SHA-256. Litecoin has since lagged behind Bitcoin, however, this also makes Litecoin more likely to outperform Bitcoin at some point once again. Phases where altcoins like Litecoin outperform Bitcoin, are called and altcoin season and Litecoin has been left out of the last few.