Litecoin Profile

LTC
 Crypto
  

USD 52.92  0.55  1.03%   

Market Performance
3 of 100
Odds Of Distress
Less than 46
Litecoin is trading at 52.92 as of the 3rd of October 2022, a -1.03 percent decrease since the beginning of the trading day. Litecoin has 46 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Cryptocurrency ratings for Litecoin are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 11th of January 2021 and ending today, the 3rd of October 2022. Click here to learn more.
Litecoin is peer-to-peer digital currency powered by the Blockchain technology. More on Litecoin

Moving together with Litecoin

+0.68BTCBitcoinPairCorr
+0.81ETCEthereum ClassicPairCorr
+0.88XMRMoneroPairCorr
Litecoin is an online market maker for peer-to-peer digital cash-like asset called Cryptocurrency. Litecoin has been active in the last 3 months, and it is presently trading with a bearish sentiment. Cryptocurrencies such as Litecoin are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Litecoin are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

Litecoin Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. Litecoin's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding Litecoin or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Litecoin has very high historical volatility over the last 90 days
Thematic IdeaUSD Crypto Fund (view all)
Litecoin is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 57 exchanges in multiple currencies. Litecoin LTC - provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have - which are its main differentials to Bitcoin. The Litecoin network is scheduled to produce 84 million currency units with a halving in reward every four years just like bitcoin. The coin was created by a Google employee, Charles Lee. Litecoin is in second spot to Bitcoin and has spawned numerous clones - however it has a solid base of support and dedicated development team.The Litecoin project is currently maintained by a core group of 6 software developers, led by Charles Lee, with a large community that is growing in support.In May 2017, Litecoin became the first of the Top 5 (By Market Cap) cryptocurrencies to implement the SegWit scaling solution. Later in May of the same year, the first Lightning Network transaction was completed through litecoin, transferring 0.00000001 LTC from Zurich to San Francisco in under one second.
AlgorithmScrypt
Coin TypeLitecoin
Proof TypePoW
IndustryFinancial and Insurance Activities
FINMAPayment
FCAExchange
AccessPermissionless
Collateralized AssetNo
SymbolLTC
Difficulty16.55 Million
RatingC+
Market Performance RatingD-
NameLTC
Sponsoredfalse
Block Reward12.5958719
Block Time148
Is Tradingtrue
Algorithm Typescrypt
Net Hashes Per Second477.13 Trillion
Asset Launch Date2011-10-13
Full NameLitecoin (LTC)
Asset Website Urlhttps://litecoin.com
Block Number2.34 Million
Platform Typeblockchain
Coin NameLitecoin
Total Coins Mined71.27 Million

Litecoin Target Price Odds Analysis

What are Litecoin's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Litecoin jumping above the current price in 90 days from now is about 80.53%. The Litecoin probability density function shows the probability of Litecoin crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Litecoin has a beta of -0.0597. This indicates as returns on benchmark increase, returns on holding Litecoin are expected to decrease at a much lower rate. During the bear market, however, Litecoin is likely to outperform the market. Additionally, the company has an alpha of 0.155, implying that it can generate a 0.16 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 52.92HorizonTargetOdds Above 52.92
19.35%90 days
 52.92 
80.53%
Based on a normal probability distribution, the odds of Litecoin to move above the current price in 90 days from now is about 80.53 (This Litecoin probability density function shows the probability of Litecoin Crypto Coin to fall within a particular range of prices over 90 days) .

Litecoin Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Litecoin market risk premium is the additional return an investor will receive from holding Litecoin long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Litecoin. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Litecoin's alpha and beta are two of the key measurements used to evaluate Litecoin's performance over the market, the standard measures of volatility play an important role as well.

Litecoin Technical Analysis

When it comes to investing in cryptocurrency, such as Litecoin, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of Litecoin, which is currently traded at 52.92, shows everything you need to know about Litecoin market value. You don't have to consider the fundamental factors that affect a crypto asset, such as Litecoin, to determine its price movements. However, the Litecoin's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so Litecoin's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project Litecoin's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Litecoin Tanh Of Price Series is a hyperbolic price transformation function.
.

Litecoin Against Markets

Picking the right benchmark for Litecoin crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Litecoin crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Litecoin is critical whether you are bullish or bearish towards Litecoin at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Litecoin without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

Did you try this?

Run Portfolio Manager Now

   

Portfolio Manager

State of the art Portfolio Manager to monitor and improve performance of your invested capital
All  Next Launch Module

How to invest in Litecoin

You need to understand the risk of getting into digital currencies such as LTC before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Litecoin in four ways:

Buy LTC through an exchange

Get yourself a crypto wallet before embarking on your Litecoin journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Litecoin. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of Litecoin through an exchange

You don't have to buy a full token when starting out since LTC is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade Litecoin through a broker

If you don't want to store your Litecoin Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in LTC through an exchange-traded fund (ETF)

You can also invest in LTC through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having Litecoin in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas  
Additionally, see Correlation Analysis. You can also try Global Correlations module to find global opportunities by holding instruments from different markets.

Other Tools for Litecoin Crypto Coin

When running Litecoin price analysis, check to measure Litecoin's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Litecoin is operating at the current time. Most of Litecoin's value examination focuses on studying past and present price actions to predict the probability of Litecoin's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Litecoin's coin price. Additionally, you may evaluate how adding Litecoin to your portfolios can decrease your overall portfolio volatility.
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Go
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go
Transaction History
View history of all your transactions and understand their impact on performance
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Go
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Go