Get started

Litcoinlong

$LTCUSD BULLISH GARTLEY PATTERNLitecoin Price & Market Data Litecoin price today is $263.98 with a 24-hour trading volume of $6,847,989,114. LTC price is up 15.5% in the last 24 hours. It has a circulating supply of 69 Million LTC coins and a total supply of 84 Million. If you are looking to buy or sell Litecoin, OKEx is currently the most active exchange. What is Litecoin? Litecoin (LTC) is a cryptocurrency that is largely similar to Bitcoin. Fundamentally, Litecoin is also a decentralized cryptocurrency which utilizes similar protocols as Bitcoin except for a few parameter tweaks. Much like Bitcoin, Litecoin also relies on proof-of-work for consensus and operates on a permissionless peer-to-peer network where users are able to transfer funds to one another without the need to rely on any central authority. Who created Litecoin? Litecoin was created by Charlie Lee in October 2011 as a spinoff of Bitcoin, and is considered as one of the early alternative cryptocurrencies (altcoins). Litecoin aims to be the “Silver to Bitcoin’s Gold” by taking on the best innovations of Bitcoin with a more lightweight approach to achieving Bitcoin’s noble goals. The first block of the Litecoin network, or the Genesis Block, was mined on the 7th of October 2011. What is Litecoins’ value? Litecoin (LTC) is one of the top-10 cryptocurrencies, and is traded in over 300+ exchanges integrated with CoinGecko. The most common trading pairs are against Bitcoin (LTC/BTC) and Tether (LTC/USDT). Much like Bitcoin, Litecoin also does not have a set exchange rate in the beginning, so its price is fully determined by the markets’ perceived value by supply & demand. It is also worth noting that the block rewards of Litecoin follow the same halving schedule as Bitcoin, going from 50 LTC to 25 LTC, to 12.5 LTC and so on every 4 years. The next Litecoin halving is expected to happen sometime in 2023, where the block reward decreases from 12.5 LTC to 6.25 LTC per block. How is Litecoin different from Bitcoin? While Litecoin was created by cloning Bitcoin’s codebase, there are several key differences: Block time. The Litecoin Network targets a block time of 2.5 minutes, while the Bitcoin network targets a block time of 10 minutes. This means that transactions can confirm faster compared to Bitcoin, and the network has a higher throughput. Maximum supply. The Litecoin protocol states that there can be a maximum of 84 million Litecoin, while Bitcoin has a maximum supply of 21 million Bitcoin. Proof-of-Work Algorithm. Litecoin uses a different proof-of-work algorithm called Scrypt, while Bitcoin uses the SHA-256 algorithm. Scrypt is a memory-hard algorithm which was initially created to be ASIC-resistant. Address. Litecoin addresses start with either “L” for legacy, non-Segwit addresses or “M” for Segwit-enabled addresses. Bitcoin addresses start with either “1”, “3” or “bc1”. Litecoin Development Since its inception, Litecoin has closely followed Bitcoin closely. Litecoin’s core protocol updates are mostly based on Bitcoin’s core protocol updates. At the height of the scaling debate in 2017, Litecoin was the first among the top 5 proof-of-work cryptocurrencies to adopt Segwit in May 2017, with Bitcoin following a few months later in August 2017. In 2019, Litecoin creator Charlie Lee announced that Litecoin will be planning for private transactions using the Mimblewimble protocol (popularized by Grin and Beam). Development is currently underway and it was announced that testnet is expected to be available some time in September 2020.
COINBASE:LTCUSDLong
by BADQOMOCAWGOWLD
2
LTC - Big Moment Hi, this is my new update for LTC. In the last 3 weeks LTC has risen over 70%, but some other coins have already risen more than 100% and they are also above the SMA100 and the SMA200. Right now we are above both the SMA100 (174$) and the resistance 180$, if close todays candle above it then we are ready to test the SMA200 (192$). There are many resistances in the range between 180-210$ but once we clear all of them then we have to fill the gap between 210-280, we call it easy gains. ;) So be patient good things take time.
BITFINEX:LTCUSDLong
by GOAT1375
LTC - The Bullrun Is Not Over Hi, this is my new update for LTC. LTC like other coins had a big pullback 4 days ago and it is down over 50%, but I think now it is good time to BUY, since if we look at the structure from 2017, we see that we are repeating exactly the same structure, also the pullback in 2017 was over 50% and we all know what happened after that. I think as long as the SMA200 holds we are good to go. Since Litecoin is one of the old coins and it has not reached all the way to 4.236 fibonacci level, then it tells us that there is still chances that lagging altcoins break ATH.
BITFINEX:LTCUSDLong
by GOAT1375
Litcoin $LTCUSD Target PTs 280-200-265-220-340Charlie Lee Proposes Merged Mining of Litecoin and Dogecoin Apr 8, 2014 at 4:42 p.m. EDT The surprising success of dogecoin has changed the way that miners view the scrypt algorithm. And that’s not good for litecoin or doge, according to Charlie Lee. On the dogecoin subreddit, the litecoin creator has proposed merged mining of the coins in order to ensure better security: “Litecoin’s security is a lot less than it could be. So merging mining with dogecoin would make both litecoin/dogecoin almost impossible to 51%.” What does ‘51%’ mean? When Lee refers to this 51%, he’s talking about a ‘51% attack’, an exploit that could be made possible if a miner or a pool could take control of over half of a cryptocurrency’s network power. Bitcoin Foundation Chief Scientist Gavin Andresen has a brief post on his blog outlining what such an attack entails. Essentially, it means that block transactions could end up being controlled without the consensus users expect from these networks today. Litecoin’s hashing power over the past three months. Source: Liteshack Mining is an important distributed method for confirming transactions, but it ultimately costs money to do so in equipment, electricity and time. So, the reality is that scrypt miners point their mining rigs to the coin that they think has the highest potential for profit. As miners have become interested in dogecoin at the expense of litecoin, this has meant that there is less hashing power growth in LTC. However, at 174,000 total MH/s for LTC versus 71,000MH/s for doge, litecoin is still a much more powerful network. Merged mining In the past, dogecoin had been retargeting only every four hours. This meant opportunistic miners could move to other scrypt-based coins and cause difficulty to be misrepresented as a test of that network’s hashing power. In order to prevent this, the difficulty retargeting now happens during doge’s block generation, which is roughly every minute. This has helped to better secure dogecoin’s hashing power and made it less volatile. Dogecoin’s hashing power over the past three months. Source: Liteshack The idea of merged mining two independently successful coins is a colorful concept. “Merge mining only affects mining and nothing else,” Lee says in his post. In addition, he tries to allay the fears that litecoin and dogecoin could become tangled with one another rather confusingly – a problem that could affect the technical and mainstream communities around both. Says Lee: “ doesn’t merge the blockchains, the clients, economics of the coins, the dev team, or the communities. All it does is make it so that you mine both coins at the same time, and secure both coins at the same time.” Hard fork Lee’s idea is to ‘hard fork’ dogecoin in order to allow for merged mining. At least one of the coins would need to do so for the idea to work. And the ideal coin to fork is dogecoin, according to Lee: “This can be accomplished by a hard fork in either coin. You’ve likely seen my take on why hard forking litecoin is too dangerous today. Not so for dogecoin.” Dogecoin was hard forked in March, as users were required to update to the 1.6 version of the client that added features such as a four-hour maturing period for mined coins. Jackson Palmer, one of the co-founders of dogecoin, believes that litecoin’s size could make a fork quite difficult: “As for the fork, they have a larger market cap and hash rate, and are hence more scared about getting 51% of their users to update to a new version.” Speculative assets Cryptocurrencies exist in a unique predicament, as most aren’t used for anything other than speculation. Litecoin is accepted by some merchants, including those using GoCoin, a payment processor. But dogecoin’s success has been because of microtransactions on reddit, not because of merchant acceptance, mining or trading for profit. It is fundamentally a transactional currency for tipping on reddit, something Palmer ideally wants to continue focusing on: “Essentially, I don’t think merged mining is the answer for dogecoin right now. It’s less than five months old and to say that anything needs to be done right now comes down to pure speculation.” Would merged mining help to maintain both litecoin and dogecoin? Probably, but the two currencies are in such different stages that it might be better to let each thrive in its own way. Added Palmer: “Brashly changing algorithms, merged mining and all other solutions I’ve been presented with are simply band-aids to the fact that a currency requires active use and demand to succeed.”
COINBASE:LTCUSDLong
by UnknownUnicorn19246015
1
Litecoin $LTCUSD Target PTs 285-305 and higherLitecoin ETC to List on Deutsche Boerse Earlier this month, asset manager CoinShares launched a new physically backed Litecoin ETP on the Swiss SIX exchange. London-based ETC Group announced Monday it will list a physical litecoin (LTC, -1.27%) exchange-traded commodity (ETC (-3.88%)) on Deutsche Boerse’s Xetra market, based in Frankfurt, on April 14. The new “ETC Group Physical Litecoin ETC” product will be a central counterparty cleared exchange-traded product (ETP) and will track the price of the litecoin cryptocurrency. The litecoin ETC goes live on Wednesday and will trade under the ticker “ELTC” and have a management fee of 2%. The product is marketed and distributed by HANetf. “Litecoin has grown by 342% in the past 12 months and is the ninth-largest cryptocurrency by market capitalization at $14.6 billion with growing interest from institutional and retail investors,” said Bradley Duke, CEO of ETC Group. Earlier this month, asset manager CoinShares launched a new physically backed litecoin ETP on the Swiss SIX exchange. In March, the ETC Group listed a Physical Ethereum ETC on Deutsche Boerse’s Xetra market which tracks the price of ether (ETH, +0.14%).
Long
by BADQOMOCAWGOWLD