Litecoin Trading Strategy: Backtest and How to Trade It

The amount of tradable assets in the crypto market is enough to overwhelm experienced investors. While many focus on Bitcoin, the most valued cryptocurrency, it might be too expensive for beginner investors. Thankfully, Litecoin, considered by many as the silver of cryptocurrency, is a great alternative. So, what is your Litecoin trading strategy?

A Litecoin trading strategy involves buying and selling Litecoin in the hope of making a profit. Litecoin is a decentralized cryptocurrency that is used for peer-to-peer transactions.

Launched in October 2011 and inspired by Bitcoin, Litecoin was among the earliest altcoins, offering lower transaction fees, faster transaction confirmations, and faster mining difficulty retargeting. Litecoin is currently among the top 20 coins by market cap as of 2022.

In this post, we take a look at Litecoin. We end the article with a backtest of a Litecoin trading strategy.