Should you buy Shiba Inu (SHIB) or Litecoin (LTC) in the near future?

Technical analysis report updated on 05/02/2023

Introduction to the history of two cryptocurrencies

History of Shiba Inu

The Shiba Inu (SHIB) coin was recorded by the Coin Market Cap system on August 01, 08.

Currently on the market Shiba Inu coins can be exchanged for 485 other digital currencies.

Shiba Inu is currently ranked 12th on the cryptocurrency rankings by market cap

Litecoin Development History

Litecoin (LTC) coins were recorded by Coin Market Cap system on April 28, 04. If compared with Shiba Inu, this coin was born earlier.

Currently on the market, Litecoin can be exchanged for 870 other digital currencies (This number is only 1.79% compared to Shiba Inu coins)

Litecoin is currently ranked 14st on the cryptocurrency rankings by market cap

Information worth referencing

Information investors should know

Comparison of the recent growth between Shiba Inu and Litecoin

Growth rate Shiba Inu (SHIB) Litecoin (LTC) Separation (SHIB - LTC)
Within 24 hours 19.74% -0.06% 19.80%
Within 7 days 25.54% 12.81% 12.74%
Within 30 days 74.13% 33.80% 40.34%
Within 60 days 59.68% 25.30% 34.38%
Within 90 days 17.96% 42.21% -24.26%

Analysis by growth

In the recent 3 months period, the Shiba Inu coin has experienced a remarkable growth of 17.96%. As for Litecoin, there has also been a remarkable growth in the last 3 months

Compare total supply value and market capitalization

Shiba Inu (SHIB) Litecoin (LTC)
Maximum total supply -- 84,000,000
Circulating supply 549,063,278,876,302 72,206,566
Total supply 589,735,030,408,323 84,000,000

* Note
Total circulating supply: Number of coins circulating in the market and in the hands of the public. It is similar to how stocks move in the stock market.
Maximum total supply: The maximum number of coins that will exist in the lifetime of the cryptocurrency. It is similar to fully diluted shares in the stock market.
Total supply: Number of coins created, minus any burned coins. It is similar to shares outstanding on the stock market.

Summary of reasons to buy Shiba Inu or Litecoin

Reasons to buy Shiba Inu

Reasons not to buy Shiba Inu

Reasons to buy Litecoin

Reasons not to buy Litecoin

General note for investors

These are specifications based analysis only

The technical specifications will be suitable for short-term investors, and profit from the investments With large and long-term investments you also need to do fundamental analysis i.e. read and understand more about the technicians, teams, investors behind that particular digital currency.

We do not make investment decisions for you

Automatic parameter analysis articles will help you have a multi-dimensional and easier to understand view than just looking at those with zero numbers.

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