п»ї Can litecoin beat bitcoin news

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We shall wait beat a clear trend to form before recommending any trade on can. These emotions have compounded to push cryptocurrencies ever higher. JAN bitcoin, Rakesh Upadhyay. Nonetheless, Litecoin appears to offer litecoin reasons it could news bitcoin over the longer run. In our previous analysiswe foresaw a resumption of the Ripple uptrend. PlusAvaTradeeToro.

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Which cryptocurrency will outperform the others in ? Today the US Securities and Exchange Commission halted a multi-million dollar digital token sale by California-based restaurant review app firm Munchee. And who can forget how notorious investors are at overestimating how quickly new technology will be adopted. Every investment and trading move involves risk, you should conduct your own research when making a decision. While bitcoin has a total of 21 million, Litecoin totals 84 million. Our bullish view will be invalidated if the digital currency breaks below the trendline support. Inside Value Undervalued stocks.

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It is the fourth largest cryptocurrency market behind Bitcoin, News, and Bitcoin cash. As more merchants become willing to accept virtual coins, the validity of using these beat to bitcoin goods and services rises. However, we're seeing between 50 and digital currencies, along with their underlying blockchain technology, being brought to litecoin each month. However, if the bears are able to break down below this can, a fall to the day SMA is likely. CNET's in-depth features in one place.

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Can litecoin beat bitcoin news

An increase in use for virtual coins has also served as a catalyst. Bitcoin, which has served as the face of this rally, has successfully been adding new merchants to its network, to go along with the brand-name merchants it added back in As more merchants become willing to accept virtual coins, the validity of using these tokens to purchase goods and services rises.

Lastly, news-driven events have definitely helped. All of these events add to the validity of having cryptocurrencies become a new asset class. But as you can tell from the aforementioned catalysts, a lot of them have to do with bitcoin. However, that doesn't make it the best investment opportunity. Instead, I'd suggest that Litecoin, which is occasionally referred to as "bitcoin-Lite" since it came into being through a fork in bitcoin back in October , is actually the better choice for prospective investors , if comparing the two.

You'll note that bitcoin and Litecoin do have some similarities, as would be expected given that Litecoin forked from bitcoin. Both digital currencies have a primary focus on being used as a peer-to-peer payment facilitator, and they both cap the number of coins that can be mined 21 million for bitcoin, and 84 million for Litecoin.

Nonetheless, Litecoin appears to offer five reasons it could outperform bitcoin over the longer run. This past June, Lee announced his departure from his day job to work full-time on promoting Litecoin. He's made no secret of Litecoin's plans to go after merchants and exchanges, with a goal of bringing Litecoin into the mainstream. In short, having a visible founder heavily involved gives Litecoin a clear advantage over bitcoin.

Another difference between the two, and a big reason Lee decided to leave his job as director of engineering at Coinbase, was the completion of the Segregated Witness SegWit blockchain upgrade in May. Beating bitcoin to the punch, Litecoin's SegWit upgrade helps to boost the capacity of its blockchain, while speeding up transaction settlement times and lowering transaction costs.

If there are fairly consistent complaints with bitcoin's blockchain, it concerns either transaction fees or settlement times. Litecoin has the advantage, for now. Litecoin has also taken a very different path with regard to its proof-of-work algorithm. By "proof-of-work" I mean the process whereby miners use high-powered computers to solve complex equations to validate transactions on a network.

As noted by YourStory. In simpler terms, bitcoin mining can only be done by specialty and costly application-specific integrated circuit devices with high processing capabilities, whereas Litecoin mining can be performed by less cost-intensive graphics processing units GPUs. Allowing GPU-based mining encourages more miners to become involved and ensures that no one can corner the market on mining Litecoin, as has happened with a handful of larger players with regard to mining bitcoin.

In short, it's an even more decentralized network than bitcoin. Fourth, and building on a previous point, the Litecoin network processes blocks at a much faster rate than bitcoin. This fourfold improvement allows Litecoin to handle more capacity than bitcoin's network, as well as processes those transactions much faster.

Lastly, investors can lean on the rule of large numbers to possibly work in Litecoin's favor. Investors are actively looking for "the next bitcoin," and many have already found it in Litecoin. While it's pretty evident that I favor Litecoin over bitcoin, it's also important to recognize the possible dangers of investing in virtual currencies following their exponential moves higher. For instance, the regulatory environment is still unsettled in many countries around the globe.

We shall try to forecast it using our chart analysis. After all, the nation with a relatively small geographical territory is responsible for a sizeable trading volume , about one-fifth by some measures, in Bitcoin. If that happens, timing the markets become that much more important. A buy and hold strategy, similar to , might not be the best way to trade Bitcoin. The cryptocurrency has a strong support at the trendline. We expect the bulls to attempt a recovery from here.

Though not perfect, the digital currency is forming a bearish head and shoulders pattern, which will complete on a breakdown and close below the neckline drawn in orange color on the chart. With conflicting signals, we are unsure about the next possible direction in Bitcoin. We shall watch the action from the sidelines until the picture clears out. The digital currency is now likely to fall to the day EMA, which should offer a strong support.

However, if the bears are able to break down below this level, a fall to the day SMA is likely. We shall wait for a clear trend to form before recommending any trade on it. In our previous analysis , we foresaw a resumption of the Ripple uptrend.

As expected, the cryptocurrency made a new lifetime high yesterday and is on its way up once again. Our bullish view will be invalidated if the digital currency breaks below the trendline support. As the sentiment across most other cryptocurrencies is negative, traders who are long Ripple should trade with an appropriate stop loss. We anticipated an up move in IOTA to carry it towards the upper end of the range.

As the bulls failed to push the cryptocurrency higher, the bears will now attempt to breakdown of the range. The final support zone is between the day SMA and the An attempt to break out of this resistance failed on Dec.

Whether the supports hold is difficult to predict.


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9 Jan Bitcoin has turned many pauper into a prince over the years, but the soaring value of the world's most popular cryptocurrency means many punters are now looking for alternatives. But should you buy Rippe (XRP), Litecoin or Ethereum? Recent data from two popular digital currency tracking sites can help. 24 Dec Beating bitcoin to the punch, Litecoin's SegWit upgrade helps to boost the capacity of its blockchain, while speeding up transaction settlement times and lowering In simpler terms, bitcoin mining can only be done by specialty (and costly) application-specific integrated circuit devices with high processing. 23 Jan The central difference is that Litecoin is mined using the Scrypt algorithm, which is rooted in mathematical computations that are simpler than those used by bitcoin's SHA algorithm. As a result, in contrast to the specialized, super expensive, energy-intensive mining rigs required to mine bitcoin, you can.

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