Bitcoin is miraculously moving in the opposite direction than any other coin in the market. All Bitcoin influenced cryptocurrencies are showing bullish signals, including Bitcoin Cash, Bitcoin SV, Bitcoin Gold, and others.
Litecoin, on the other hand, is suffering from a price drop. Although the current downfall has no legs and is likely to turn the tables soon, for now, Litecoin is suffering from loss. The coin is newer than Bitcoin, but the marketers believe that in some time, the coin will also behave much like Bitcoin.
Current Statistics of Bitcoin and Litecoin:
|ROI (Return on Investment)||6,039.84%||2,987.92%|
|Circulating Supply||17,758,112 BTC||62,217,426 LTC|
BTC and LTC price comparison:
In the one-month price chart of Bitcoin and Litecoin, BTC started with a bearish trend, with slight price recovery the coin fell from $7874.7 to $7092.7 marking a regression of 9.93%. Litecoin started with a bullish trend, and later, the coin dropped from $106.5 to $85.3 by 20%.
Bitcoin started moving upwards with a few ups and downs and marked a progression of 13.39% from $7948 to $9013. During the same time, Litecoin jumped from $101.3 to $115.6 and booked a progression of 14.11%. However, from 7th June till now, Litecoin has performed better than Bitcoin.
Litecoin was trading at $101.124 on 7th June, and now it is at $132.400 reflecting an increase by 30.92%. Bitcoin jumped by 10.13% from $7522.9 to $8285.6.
Price Prediction and Conclusion:
The critics of the US market have also suggested many for investing in the crypto market. Among all other coins, Bitcoin and Litecoin cryptocurrencies are the most popular. The coins have never failed to satisfy its investors.
Among the two cryptocurrencies, many will go with Bitcoin. We, on the other hand, believe that Litecoin is a potential investment, and in some years, it would be considered equally trustworthy as Bitcoin.