For all the litecoin hodlers this is for you, litecoin is looking like its about to collapse to its lows of december 2018, 1st: looking at the chart, our fib retracement from our low of $22 back in december to our high of $146 on june the 22nd, we notice that we retraced back and holding support on the .786 fib meaning we already broke our golden ration of 618...
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Although there are some similarities between BTC and LTC, you can’t define Litecoin without pointing out some key differences, such as instant and near-zero cost transactions, increased speed of adding a new block into the Blockchain (2.5 minutes against 10 in the Bitcoin network) and a scrypt usage in its Proof-of-Work process to make it easier for regular PC users to mine new blocks against ASIC miners. It is also one of the first cryptocurrencies that adopted SegWit.
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