Category: Price of LC

What is the Price Outlook for Litecoin?

Like Bitcoin, the short-term price outlook for Litecoin is fairly volatile. In the medium, to long term, it is likely that Litecoin, Bitcoin, and other currencies will generally continue on an upward trajectory, even if it is a rocky road. If Litecoin becomes adopted as a common payment method...
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How Do Miners Impact Litecoin Prices?

Miners’ sentiments may also have some impact. The Litecoin mining algorithm is less dependant on electricity than that of Bitcoin and this can lead to lower costs for miners. If miners decide that Litecoin is giving them more stable returns then they may switch to Litecoin. This increases the...
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Will Litecoin Follow As A Payment Method?

If merchants decide that they want to accept Bitcoin as a payment method then Litecoin’s similarities mean that it will find it easier to become accepted. While Litecoin does tend to follow Bitcoin there is also the possibility of hedging taking place. Traders are looking to shift some of...
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What Drives the Price of Litecoin?

Like many other cryptocurrencies, Litecoin’s value is largely linked to that of Bitcoin. If Bitcoin begins to rise or fall in value then you should expect Litecoin to follow suit shortly afterward. Cryptocurrency is a volatile commodity so you should expect to see these dramatic fluctuations in value on...
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