Litecoin Price Analysis – 12 March 2021
Litecoin Price Analysis - 12 March 2021
Litecoin (LTC) is a Bitcoin fork created by Charlie Lee in 2011. The network has a target block time of two minutes and 30 seconds, as opposed to 10 minutes for BTC. LTC also has a four-fold increase in the maximum total supply, and uses a different Proof of Work consensus algorithm called Scrypt.
Charlie Lee is a former Google employee and the brother of Bobby Lee, CEO of the now-closed Chinese cryptocurrency exchange BTCC. Lee worked as an engineer at Coinbase from 2013 to 2017, where he was instrumental in spearheading the company’s LTC listing.
Despite selling all of his personal LTC holdings in December 2017, Lee continues to be involved in the development process and attempts to increase adoption through the Litecoin Foundation, a non-profit registered in Singapore.
Technical Analysis
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