Litecoin Price Suffers Worst Weekly Losing Streak in a Year
Litecoin has charted a four-week losing streak for the first time in 12 months and is currently trading around a historically strong support level.
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About
For all intents and purposes, the function of Litecoin is almost identical to that of Bitcoin – it is a decentralised digital currency. It reduced the 10 min block confirmation time to 2.5 minutes which enables faster processing. The currency was created by Charlie Lee in October 2011 as an attempt to make Bitcoin more scalable and quick. During the period of high BTC fees of late 2017, observers suggested users were utilizing LTC as a second layer to send transactions.
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