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Litecoin Latest News

What exactly is Litecoin?

Litecoin (LTC) is a cryptocurrency that 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.
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Litecoin bulls setback below $160

TL;DR Breakdown LTC is trading within a descending channel with overhead resistance at $158 The next target if it breaks above $168 is $188 The