Litecoin (LTC) declined to $30.84 during a day

It was bad day for Litecoin (LTC), as it declined by $-2.32 or -7.00%, touching $30.84. International Crypto Analysts believe that Litecoin (LTC) is …

It was bad day for Litecoin (LTC), as it declined by $-2.32 or -7.00%, touching $30.84. International Crypto Analysts believe that Litecoin (LTC) is looking for the $33.924 goal. According to 8 analysts could reach $48.8840458337236. The highest price was $33.43 and lowest of $30.4 for January 20-21. The open was $33.16. It last traded at Coinbase exchange. Aproximately 454,217 LTC worth $14.34 million was traded.

For a month, Litecoin (LTC) tokens went down -4.01% from $32.13 for coin. For 100 days LTC is down -42.27% from $53.42. It traded at $83.3 200 days ago. Litecoin (LTC) has 60.11 million coins mined with the market cap $1.85B. It has 84.00M coins in circulation. It was founded on 13/10/2011. The Crypto LTC has PoW proof type and operates under Scrypt algorithm.

Litecoin LTC – provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have – which are its main differentials to Bitcoin. The Litecoin network is scheduled to produce 84 million currency units with a halving in reward every four years just like bitcoin. The coin was created by a Google employee, Charles Lee. Litecoin is in second spot to Bitcoin and has spawned numerous clones – however it has a solid base of support and dedicated development team.

The Litecoin project is currently maintained by a core group of 6 software developers, led by Charles Lee, with a large community that is growing in support.

In May 2017, Litecoin became the first of the Top 5 (By Market Cap) cryptocurrencies to implement the SegWit scaling solution. Later in May of the same year, the first Lightning Network transaction was completed through litecoin, transferring 0.00000001 LTC from Zurich to San Francisco in under one second.

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Litecoin’s [LTC] Lightning network capacity up by 116% in the last 30 days

The lightning network is gaining traction. The number of channels for both Bitcoin and Litecoin is increasing at a fast rate. According to 1ML, a lightning …

The lightning network is gaining traction. The number of channels for both Bitcoin and Litecoin is increasing at a fast rate. According to 1ML, a lightning network search and analysis engine, Litecoin’s lightning network capacity has increased by 116% in the last 30 days.

Apart from network capacity, the number of channels, as well as the number of nodes for the lightning network, are up as well. Litecoin’s lightning network currently has 504 channels (up by 75% from the past month) and the network has 123 nodes (up by 24% since last month). The network currency has a capacity of 52 Litecoin.

One of the biggest factors in the increase of the number of Lightning nodes for Litecoin is due to Lightning support by Coingate. Coingate is constantly increasing its lightning capacity. It is by far the biggest node in terms of rate of capacity increase and the third largest node in terms of overall capacity.

We won’t postpone the next big launch – #Litecoin#LightningNetwork is ON!!! We began the trial together with our first selected merchant @SurfsharkSecure. More will join soon! For now, dig into our blog post for more info! $LTC@SatoshiLite@LTCFoundationhttps://t.co/rGLrxYD3Fopic.twitter.com/tzbbALS9hF

— CoinGate (@CoinGatecom) January 17, 2019

Litecoin is aggressively pushing Litecoin payments. The Litecoin foundation has started taking steps to educate the merchants and make them accept Litecoin. Litecoin was recently featured in UFC after it sponsored a UFC match to gain publicity.

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Biggest losers: Ethereum [ETH], Litecoin [LTC] and Bitcoin Cash [BCH] slump by 5%

The fourth-largest coin, Bitcoin Cash [BCH], was valued at $122.91, with a market cap of $2 billion. The coin registered a 24-hour trade volume of $213 …

Source: CoinMarketCap

Litecoin [LTC], the eighth-largest coin, was valued at $31.24, with a market cap of $1.8 billion at the time of press. It registered a 24-hour trading volume of $588 million, with a fall of 5.51% over the past day. The coin registered growth in the past seven days by 1.65%, but is falling at the time of press, by 0.05% over the past hour.

The coin registered a maximum trading volume on ZB.COM, with a trading volume of $80 million on the LTC/USDT pair. The second place was taken by OKEx, with a trading volume of $29 million on the LTC/USDT pair. The third place was taken by OKEx on the LTC/BTC pair and the volume registered was $27 million.

Bitcoin Cash

Source: CoinMarketCap

The fourth-largest coin, Bitcoin Cash [BCH], was valued at $122.91, with a market cap of $2 billion. The coin registered a 24-hour trade volume of $213 million, with a fall of 5.43% over the past day. The coin plunged even on the seven days chart by 2.89% and is still not recovering, as it dipped by 0.70%.

The coin registered a maximum trading volume on P2PB2B, with a trading volume of $16 million on the BCH/USD pair. Second on the list was P2PB2B with the BCH/BTC pair, registering a volume of $15 million. The same exchange took the third place too, with a volume of $14 million with the BCH/ETH pair.


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Litecoin Foundation UFC sponsorship was about building the brand, says Charlie Lee

Litecoin [LTC], the eight largest cryptocurrency by market cap, was in the limelight because of the Litecoin Foundation’s massive sponsorship. The coin …

Litecoin [LTC], the eight largest cryptocurrency by market cap, was in the limelight because of the Litecoin Foundation’s massive sponsorship. The coin marked its first major step towards adoption as the Foundation sponsored a UFC fight, which took place in December 2018, and Litecoin turned out to be one of the highlights of the match.

In the latest episode of Magical Crypto Friends, Charlie Lee, the creator of Litecoin spoke about the UFC sponsorship and the reason for the decision. The managing director also spoke about the hate the foundation received by Bitcoin maximalist for taking this step.

Charlie started by stating that the Foundation, in the past, has sponsored several individual athletes but they don’t often sponsor an event. He stated that the Foundation took this step because “it just seems like the reach is better.” He went on to say that this sponsorship, for him, was just about building the Litecoin brand because “everyone’s heard of Bitcoin, not many people have heard of Litecoin.” Lee also stated that the idea of sponsoring the event was by the community manager, who works for the parent company.

“So it kind of wanted like build that brand and make it more more well-known and it’s really kind of helped a lot. I mean we’ve reached a lot of people, [they’ve] have reached out to us, talked about like coin just because if they heard about the UFC sponsorship yeah. I think it’s pretty cool, plus that the fight was pretty amazing”

This was followed by Lee stating that they got “a lot of hate from Bitcoin maximalist, adding that the reason could be that the coin is a scam because the Foundation sponsored for an advertisement, or maybe because the coin has become a threat to Bitcoin. Succeeding this, Riccardo Spagni, the lead developer of Monero, aka fluffy pony also elucidated on the reason. He said:

“There’s his this idea that gets bounced around and has been has been said to me that anyone that doesn’t support bitcoin and bitcoin only is inherently evil because you’re distracting people away from Bitcoin. My context of that is there are people who have heard of Bitcoin and you know they for whatever reason they have not been to certain dipping their toe in the water or playing around with it”

He went on to say:

“maybe they hear about litecoin through the UFC sponsorship and they play with Litecoin because it’s maybe just a timing thing and through that experience of using Litecoin, they encounter Bitcoin and all their counterfeit coin when they’re more ready to do so and I think it’s very unusual for people to start with an old coin and completely disregard Bitcoin.”


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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

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Litecoin (LTC) Market Cap Marches Further Away from Tron TRX

Despite its popularity and success in the industry, Tron TRX is finding difficulty to overcome the silver-digital coin Litecoin (LTC) who has cemented its …

Despite its popularity and success in the industry, Tron TRX is finding difficulty to overcome the silver-digital coin Litecoin (LTC) who has cemented its position among the leading cryptocurrencies.

Counting over 5.00% increase in the last 24-hours following the last market price jump, Litecoin has reached the $1.96 bln and witnessing the green wave of gains, it looks like it will go for the major $2.0 bln.

LTC BTC

Source: coinmarketcap

While many believe it has no point in analysing LTC’s price performance in the near/mid term as it completely follows its sibling – the golden digital coin Bitcoin BTC, Litecoin has proved them wrong various times only in the last two-three months.

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Litecoin [LTC] Differentiates itself from Bitcoin: Eye-opening Gain?

In a similar manner, since Dec 2018 when via twitter Coingate announced Lightning Network being ready for deployment, the 8th largest cryptocoin has been enjoying on many occasions the lead when it comes to daily or even weekly gains.

Ever since MtGox announced Litecoin support in 2013 and failed to deliver, I’ve been on a mission to get LTC added to exchanges to help increase liquidity.

With the launch of LTC on Gemini today, every single major Bitcoin exchange supports Litecoin. Mission accomplished! 🚀🌕 pic.twitter.com/6jvSyvsKdm

— Charlie Lee [LTC⚡] (@SatoshiLite) October 16, 2018

Latest –

the blockchain project of Litecoin reached a new milestone as there are now 60 Million LTC minted as per information provided by Litecoin.com on Medium and LitecoinBlockHalf. The Litecoin algorithm has set the limit of LTC to be produced at 84 Million. The new benchmark of 60 Million signifies that approximately 71.5% of all LTC meant to exist has been mined. This leaves a total of 24 Million left.

Featured image credit: descryptive.com/