Litecoin will benefit from the Bitcoin domain
As the network provides faster and cheaper payments than Bitcoin, there are other blockchains like Stellar (XLM), IOTA (MIOTA) and XinFin (XDCE). However, Litecoin will survive to keep Bitcoin alive, which could still be used. Today is an advantage over most cryptocurrencies.
Monero privacy network
Monero d 'is another coin of privacy aimed at the completion of artists such as Zcash whose protocol is also private. The XMR ecosystem has led to the cryptographic arena a secure, untraceable and private channel of sending and receiving digital resources. This compared to Litecoin's focus is very different, but both coins seem to make the most of their competitive margins despite the fact that they are mostly bearish.
Monero (XMR) is currently ranked as the largest private currency (market capitalization) with ZCash (ZC and ZClassic (ZCL) is the next biggest competition. The fall of Verge (XVG) was a big boost to the success of Monero with the hard blow of success at the beginning of the year also a huge role.
Price analysis: LTC vs XMR
Both Monero and Litecoin have been adopted by a good number of coin exchanges to date Litecoin is a year older than Monero which dates back to its initial trading day on 28 April th 2013. Since then LTC has had a cumulative yield of 1.179.50% while that of Monero in its 4 years of trading is equal to 4,212.70% Clearly, the first XMR buyers are currently snatching more value from their initial investment than their counterparts Litecoin.
fo r both XMR and LTC in 2018
Both cryptocurrencies show to a high level of volatility as well as the trend with digital resources, a 150% increase would be a novelty but not a surprise for the crypto speculators. The 30-day volatility of Litecoin is 28% while that of Monero has registered 38%. Both altcoins are far below their all-time high, XMR is 78% cheaper than the $ 494 ATH price when the market has gathered in late 2017 while LTC is 85% cheaper than $ 366. This leaves a potential margin to break these resistance levels of all time once a market correction will occur in the future!
Both XMR and LTC were affected by the cryptic blood bath on 6 September losing respectively 24% and 7%. However, XMR is slowly becoming bullish based on the 1.12% increase in its price over the past 24 hours. LTC on the other hand has improved by just 0.02%.
Charts of all time XMR vs LTC (Image: WalletInvestor)
In conclusion, both projects are a good chance of survival in cryptographic space, even if the correction of the market could set prices within a range of analysts' expectations given the uncertainty in the currency markets today.
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