key points :
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Litecoin and Bitcoin Cash are two old school cryptos.
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Both are closely related to bitcoin.
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Bitcoin rally could take these LTC and BCH to new highs in 2022.
Litecoin (LTC)
Litecoin is a popular, secure and innovative cryptocurrency that can be used to make instant payments around the world. It is also open-source, which means that users have access to its source code themselves. It offers faster transaction confirmation times as well as better storage capacity. LTC is the perfect complement or alternative for those who are more inclined towards online shopping without having an account with a specific retailer. In addition, they provide industry support from major players such as business volume.
Bitcoin Cash (BCH)
Bitcoin Cash is a cryptocurrency that was created to accommodate blocks with a greater capacity than Bitcoin. This allows for more transactions per block, thus making it easier to network and saving people time when they want their money fast! The two cryptocurrencies share many technical similarities and use essentially the same consensus mechanism; They have even agreed to themselves how many coins will ever exist—21 million each!
Which is better to buy?
Litecoin and Bitcoin Cash are both old school cryptos and have performed well in the 2017 cryptocurrency bull rally. However, they have since lost the spotlight to new shiny cryptos, particularly the Meme Coins and Metaverse cryptocurrencies.
He added that they are still among the most fundamentally strong cryptocurrencies, especially in terms of adoption. However, the biggest factor that could help propel their price is the bitcoin bull run as they are strongly related to its price.
As of now, chances are in favor of such a rally in the short term. For example, over the past few days, bitcoin has exploded above key resistance at $44k and is holding very well above it. This could be a sign of a new bull market, which could see Bitcoin moving higher from the $69k high. If this happens, LTC and BCH could also touch new highs.
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