Review on Litecoin by Iyaroslav Merza

Name: Litecoin
Item: Litecoin
Rating: 4

March 25, 2019

Halving Litecoin is on its way. The last time LTC was at the bottom 200 days…

Halving Litecoin is on its way. The last time LTC was at the bottom 200 days before the fall in the size of the remuneration that occurred in 2015. And we already see how LTC behaves. After the reward falls, there is a strong increase in value for 2 years. If this time everything goes according to the same scenario, we will observe growth until 2021, when Lightcoin reaches its peak.
With each subsequent rise in the LTC price, the force fades away, which indicates a weakness of the bulls and an increase in the strength of the bears. There was a divergence in the ratio of LTC / BTC on 1D, which indicates that the bullish movement will end soon and the bearish one will start.
The current price of 61.5 looks attractive for opening a short, who can’t wait can open at the current, our team tends to open a position higher, in the $ 64 - $ 67 zone, it will be less risky, and the probability of going into this zone is due to ascending wedge is the advantage of LONG / SHORT - 1 / 2.4, which makes it possible to create an impulse for the removal of shorts, and an extension of Longs, followed by a downward movement.
Lightcoin shows more and more power. Pay attention to this particular tool is one of the few top managers who fully recovered their capitalization since the fall of November 14, 2018. Aether and Bitka do not have new highs, they are compressed into the figures of those analyzes, nevertheless Light has a pronounced trend and in terms of volume, he will make an even more powerful shot, which will be stronger than the shot of the top cryptocurrencies.
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Pros

Litecoin LTC offers fast transaction confirmation (2.5 minutes on average), uses the scrypt algorithm and Proof of Work confirmation type, which makes it available for mining on ordinary computers and graphics processors that many people have; this is the main difference from Bitcoin. The Litecoin network is designed to produce 84 million units of cryptocurrency; the block reward is halved every 4 years, as with Bitcoin. The coin was created by Google employee Charles Lee. Litecoin is the second version of Bitcoin, which has already produced many clones. However, it has strong support in the face of a team of dedicated developers.

Cons

Unfortunately, failures in the work of clients to store cryptocurrency occur quite often. As a rule, they are caused by the mistakes of the users themselves, but sometimes external factors influence the appearance of a problem. All programs responsible for receiving and transferring electronic money are subject to failure. Even if an official wallet is used, say, for Bitcoin or Litecoin, problems can still appear (and suddenly). Today we look at the most common failures in the example of the Litecoin Core client. We will try to figure out what caused them, how they are eliminated, and what to do to prevent their occurrence.