Litecoin is an improved fork of Bitcoin. The platform is identical in functionality to “digital gold”, but has a number of improvements. The main feature of Litecoin is instant transactions. Against the backdrop of changes in the cryptocurrency market, the coin rate took a downward trend. In terms of capitalization and trading volumes, the cryptocurrency is in the Top 10.
Litecoin to ruble quotes on exchanges
Only a few resources allow you to convert rubles to Litecoin. Almost all cryptocurrency exchanges work with the popular coin, but only a few support the LTC/RUB trading pair. By reviewing rates on cryptocurrency resources, you can make the most profitable deal.
Let's look at cryptocurrency exchanges that offer to convert Litecoin into rubles:
- Bitlish – the platform has been operating since 2015. To deposit and withdraw funds, you need to undergo verification by providing scans of your passport and bank account details. The balance is replenished through bank cards, payment systems, and Bitcoin wallets. Fiat currency supported: EUR, USD, RUB. The service offers a VISA payment card linked to an exchange account. The card allows you to pay with cryptocurrency at retail outlets. The security of the exchange is supported by two-factor authentication. The interface is available in Russian. The commission for depositing funds is 3.5%. The downside is small trading volumes.
- EXMO is a popular platform with a large number of trading pairs that exchanges the Litecoin cryptocurrency for rubles. The Russian-language functionality of the platform is as simple as possible. To get started, you need to go through a short registration and accept the terms of the exchange. It is not necessary to undergo verification, but the procedure opens up additional opportunities. The balance is replenished through bank cards, payment systems and transfers. Cryptocurrency top-ups are available without commissions.
- IncoreX is a new Russian-language exchange that has been operating since 2022. The service is available for PCs and mobile phones. Security is maintained through two-factor authentication. Trading takes place around the clock. The service supports dollars, euros, rubles, hryvnia. Many options for depositing and withdrawing funds.
- Bitexbook is a platform with instant deposits of funds. Withdrawal takes up to 60 minutes. You can top up your wallet through payment systems, Bitcoin wallets, and bank cards. There are no commissions for cryptocurrency. When replenishing or withdrawing funds to a bank card, the commission is 4%.
Cryptocurrency exchanges provide users with the necessary tools to track prices and exchange rate dynamics: oscillators, technical indicators, trading terminals, etc.
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Prospects for Litecoin
In 2022, Litecoin lost 92% of its value, dropping to $30. Cryptocurrency has not been among the top five in terms of capitalization for a long time, but continues to attract new investors. Experts claim that the Litecoin rate began to decline due to BTC, which is showing bearish sentiment. However, against the backdrop of LTC, the Bitcoin rate falls more slowly.
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If Litecoin continues to fall, there is no point in hoping for the success of the platform. Some analysts predict that the cryptocurrency will decline in value to $10, while other experts claim that Litecoin has already reached the “bottom” and will not fall below $30.
Litecoin made its most striking leap after being listed on the Coinbase exchange, when the value of the coin exceeded investors’ expectations. The connection with Bitcoin prevented further development. The collapse of “digital gold” was also reflected in the Litecoin rate. High-speed transactions and the implementation of the SegWit protocol give hope for the further development of Litecoin.
You shouldn’t expect Litecoin to approach its “ancestor”, but the platform is able to compete with Ethereum. Now the cost of Ethereum is five times more, but analysts predict a reduction in the difference in 2022.
There are no clear predictions regarding the further development of Litecoin. Today LTC continues its downward trend and does not give any hint of a reversal. The volatility of the LTC rate is a good basis for trading, but investing in Litecoin for the long term is still too risky.
Trading the LTC/BTC pair
The LTC/BTC pair is an attractive pair for traders as it consists of very popular cryptocurrencies and offers more opportunities to make money.
During the day, the LTC/BTC rate may be subject to price fluctuations of more than 3%. A weekly Litecoin to Bitcoin chart may show upward price fluctuations of more than 10% over this period. If you look at a period of 30 days, the Litecoin to Bitcoin rate could potentially fluctuate by almost 15%.
Track the Litecoin to Bitcoin rate live on Currency.com so you don't miss out on the best trading opportunities.
The impact of mining on the Litecoin rate
Back in 2022, Litecoin mining brought good profits. Mining was available on desktop PCs, and some users used laptops. Today, the use of conventional technology is impractical.
In the spring of 2022, there will be another reduction in the reward for the mined block, against which the Litecoin rate may increase, as the number of miners will decrease. When an ASIC miner designed for LTC mining appeared, the cryptocurrency rate collapsed. Now things are different: users with outdated equipment are gradually stopping the mining process.
To date, 2/3 of the total number of coins have been generated. The maximum emission is 84 million. There is little time left until the completion of the main production. The more coins mined, the more difficult the mining. The bulk of altcoins will be mined in the near future, and only the extraction of 10% of LTC coins will take decades.
A shortage of coins can lead to an increase in the rate. Already in 2022, capitalization indicators have repeatedly exceeded $10 billion. The increase in value, together with an increase in coins in circulation, will lead to new records in the event of a positive outcome.
Instant Litecoin faucets with payment on Faucetpay
I present to your attention a list of the most popular faucets with instant withdrawal on Faucerpay. Choose the most interesting options for collecting ltc in 2022
| Tron faucets | How much lightoshi | Interval, minutes | Link |
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