#LTC UPADTE

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Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.

What is Litecoin (LTC)?

Litecoin (LTC) is one of the pioneer cryptocurrencies that debuted in the crypto space after Bitcoin. LTC was launched in 2011 as Bitcoin-inspired crypto. Litecoin’s creator Charlie Lee calls it a “coin that is silver to Bitcoin’s gold”. Just like Bitcoin, the Litecoin blockchain also operates on the proof-of-work (PoW) consensus

Bitcoin and Litecoin have key differences in their supply cap, hashing algorithm, and transaction speed. LTC has a fixed supply cap of 84 million which is greater than Bitcoin’s 21 million supply cap. Unlike Bitcoin’s SHA-26 hashing algorithm, Litecoin uses the Scrypt algorithm. It takes around 2.5 minutes for a block to be generated on the Litecoin blockchain whereas it would take 10 minutes on Bitcoin.

#LTC

LTC is making this descending triangle pattern which is a bearish pattern currently we are bouncing from the lower support of this pattern IMO In LTC we will some sidewise moves till it does make a breakout or breakdown.

Stay tuned

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