Litecoin (LTC), often referred to as the "silver to Bitcoin's gold," maintains its position as a veteran cryptocurrency. It was designed for faster and cheaper transactions than Bitcoin. Currently, Litecoin's market performance fluctuates with the broader crypto market trends. While it retains a loyal following, it faces competition from newer cryptocurrencies offering enhanced features. Factors influencing its price include market sentiment, trading volumes, and overall crypto adoption. Litecoin's halving events, similar to Bitcoin's, also play a role in its long-term price dynamics.
