|All Time High:|
|Market Cap: |
|The price of #LTC today is $54.71 USD.|
The lowest LTC price for this period was $0, the highest was $54.71, and the exact current price of one LTC crypto coin is $54.70590.
The all-time high LTC coin price was $413.
Use our custom price calculator to see the hypothetical price of LTC with market cap of BTC or other crypto coins.
|The code for Litecoin is #LTC. |
Litecoin is 11 years old.
|The current market capitalization for Litecoin is $3,901,139,050.|
Litecoin is ranked #19 out of all coins, by market cap (and other factors).
|There is a very large volume of trading today on #LTC.|
Today's 24-hour trading volume across all exchanges for Litecoin is $361,486,495.
|The circulating supply of LTC is 71,311,118 coins, which is 85% of the maximum coin supply.|
|LTC is well integrated with many pairings with other cryptocurrencies and is listed on at least 133 crypto exchanges.|
View #LTC trading pairs and crypto exchanges that currently support #LTC purchase.
More Litecoin (#LTC) News
|Litecoin Price Recovers But The Bears Might Drag The Altcoin To $51
Litecoin price had been staggering too, just like other major altcoins in the market. Over the last 24 hours, however, LTC moved up on its chart by 2.4%.
The bulls have yet to steady themselves on the one-day chart. Over the last week, LTC gained almost 3%. This indicated that the coin has not made any such considerable movement on its chart.
The bears were in charge of the altcoin, as indicated by the technical indicators. There is a significant immediate resistance for the Litecoin price to overcome.
The buyers were low in the market, and that has tired the bulls out consistently. At the moment, the coin has found support near the $51 price mark.
Because selling strength was greater than buyer strength in the market, the Litecoin price may not stay above that level for long.
On the other hand, if buying strength stabilises slightly, then there is a chance for LTC to move above $56. Broader market strength will be crucial for Litecoin over the next trading sessions.
Litecoin Price Analysis: One Day Chart
Litecoin was priced at $53 on the one-day chart | Source: LTCUSD on TradingView
LTC was trading at $53 at the time of writing. Litecoin price will witness tough resistance at the $56 price mark.
The bulls have moved closer to that price mark each time, but it has met with selling strength. Moving above the $56 price mark could help Litecoin price invalidate the bearish thesis.
The coin could experience a price ceiling at the $61 price mark. On the other hand, the support lin...
|Litecoin Price Watch: Why Only 15% of LTC Holders Are Making Profit
Litecoin has made it to the list of the best altcoins to buy in 2022. But for the past 24 hours, the crypto has fallen prey to the volatility that is currently wrecking havoc in crypto space.
As of this writing, Litecoin (LTC) is trading at $52.43, down nearly 1.1 percent in the last seven days, and losing 2.5 percent in the last 24 hours, data from Coingecko show, Monday.
At a glance, it can be said that LTC is on the same boat with Ethereum, the world's second biggest crypto by market cap.
But when taking into consideration the percentage of its holders that are making profit, a great disparity can be seen.
Litecoin Holders In Tough Spot, Profit-Wise
TipRanks, an online data provider, revealed on September 25 that only 15% of the total holders of Litecoin are making profit and 12% are on status quo, leaving 74% dealing with tremendous losses. This was before the altcoin started to hit below the $53 mark.
In comparison, Ethereum is doing better than its fellow digital coin. Data shows 51% of its holders are in profit while 46% incurred losses.
|Biggest Movers: XRP Remains Close to 4-Month High, as LTC Rebounds on We...
XRP remained close to a four-month high on Wednesday, following a recent breakout of a key resistance level. The token was above $0.4000 for a second consecutive session, which happened for the first time since June. Litecoin also edged higher, after prices rebounded following recent losses.XRP
XRP continued to trade close to a four-month high on Wednesday, as bullish sentiment remained strong within the token.
Following a low of $0.3774 earlier in today's session, XRP/USD raced to a peak of $0.4215 on hump day.
The move comes after the token broke out of its key price ceiling of $0.4000 on Tuesday, hitting its highest point since June 1 in the process.
Although prices have since declined, and as of writing are trading at $0.4044, many still believe that further rallies could come.
Some believe that bulls are targeting the $0.4500 point, which appears to be the longer-term resistance point in XRP.
However, with the 14-day relative strength index (RSI) tracking at 62.45, prices may currently be overbought, leading to an influx of bears, opposed to bulls.
Litecoin (LTC) was also in the green in today's session, and prices rebounded following recent losses.
Following a drop to a two-month low of $50.01 to start the week, LTC/USD rose to an intraday peak of $54.17 on Wednesday.
The drop led to the token falling below a key support point of $52.00, however bulls reentered the market, sending prices higher.
Historically, once above the aforementioned floor, bulls ...
|Biggest Movers: LTC Hits Highest Point Since June, as APE Climbs to 3-We...
Litecoin rose to a three-month high in today's session, following a breakout of a key resistance level. The move took place prior to the release of U.S. inflation data, which fell to 8.3% in August. However, following the release, which was higher than expected, earlier gains eased. Apecoin also hit a multi-week high in today's session.Litecoin (LTC)
Litecoin (LTC) climbed to a three-month high on Tuesday, as the token moved beyond its $64.50 resistance level.
Following a low of $60.39 to start the week, LTC/USD rallied to an intraday peak of $67.07 in today's session.
This is the strongest point that litecoin has traded at since June 1, when the token hit a high of $70.50.
Today's surge in LTC was somewhat short lived, with prices falling below the aforementioned resistance point as the day progressed.
As of writing, litecoin is trading at $63.43, and this comes as the relative strength index (RSI) hit a hurdle of its own.
The index collided with a ceiling of 60.00, which bulls have so far been unable to move beyond, resulting in prices dropping.
While litecoin hit a three-month peak, apecoin (APE) moved to a three-week high earlier in the day.
APE/USD was able to climb to a peak of $5.87 on Tuesday, less than 24 hours after trading at a low of $5.25.
Tuesday's top is the highest point that apecoin has traded at since August 18, when the token was above $6.00.
Looking at the chart, APE has been on a bull run over the past week, following a bounce from suppor...
|How Litecoin (LTC) Is Able To Muster A 5-Day Straight Rally
Litecoin (LTC) is performing at its peak levels as seen in the past five days.
LTC exhibits the formation of a rising parallel channel pattern
LTC price is down by 0.69% as of this writing
LTC price on a 5-day straight rally registered a growth of 21.4%
LTC is having a bull run as validated by the formation of a rising parallel channel pattern touching the key resistance seen at $66.
The key resistance zone has been a major hurdle for LTC hindering any bullish growth for the past couple of months, hinting at a price reversal.
Nonetheless, even if the LTC price can break through the resistance zone, there are still more junctures in the road.
Litecoin Manages To Hold Above $53.5 Support
The crypto market has been taking the low blows with major corrections going on that further toppled down BTC and other major altcoins in 2022.
Even though Litecoin did suffer through a retracement, the support of buyers has allowed the altcoin to hold above the key support zone of $53.5.
According to CoinMarketCap, LTC price has plunged by 0.69% or trading at $82.59 as of press time.
The support level has been retested multiple times which allowed the bulls to come back stronger on September 7.
Moreover, the bullish reversal also helped with sustaining the buying momentum and the rising parallel pattern which hoisted the recovery of LTC in the past three months.
LTC price has been on a surge for the fifth straight day, tapping on the growth of as much as 21.4%.
The bullish streak has ...
|Biggest Movers: SOL Slips Towards Multi-Month Low, as LTC Surges on Thur...
Solana was back in the red on Thursday, as the token fell towards a three-month low in today's session. The decline comes as cryptocurrency markets fell lower, trading down by as much as 2.39% as of writing. Litecoin was a notable exception, climbing for a second successive session.Solana (SOL)
Solana (SOL) was down by over 5% during Thursday's session, as prices moved closer to a multi-month low.
Following a high of $32.38 on Wednesday, SOL/USD slipped to a low of $30.51 earlier in the day.
This decline pushes SOL closer to its floor at $29.90, which is also its lowest level since June 18, when prices were as low as $26.90.
Last month saw solana fall rapidly, going from a peak of $48.32 on August 13, to a low of $29.91 on August 29.
The bearish sentiment seems to have carried into September, with the relative strength index still in oversold territory.
As of writing, the index is tracking at 33.82, which is close to a floor of 32.32. Should we see this support hit, prices will likely recapture June's low..
While solana fell lower, litecoin (LTC) was trading higher on Thursday, as the token extended recent gains.
LTC/USD rose to a high of $56.50 earlier in today's session, moving away from Tuesday's low of $51.85, which saw the token hit a two-month bottom.
Since then, prices have climbed in back-to-back sessions, with today's surge taking prices close to a key resistance point.
As litecoin approached its ceiling of $57.00, price uncertainty was insured, wit...
|Litecoin Shows A Bullish Reversal Pattern, Will LTC Price Go To $70?
Litecoin (LTC) has struggled against Tether (USDT) as bulls continue to push the price above the key support region, forming a bullish chart pattern. Bitcoin's (BTC) price has shown less steam compared to recent times; this has affected most crypto assets, including the price of Litecoin (LTC). (Data from Binance)
Litecoin (LTC) Price Analysis On The Weekly Chart
Litecoin (LTC) price has shown so much strength after hitting a low of $42; the price bounced off from this region and rallied to $55.
The price of LTC rallied to a high of $65 but was rejected as this proved to be a resistance for LTC on the weekly chart.
LTC price dropped to a region of $50, forming weekly support to hold off the price from selling off. The price of LTC has continued to hold above support and build momentum to break above this region.
The price of LTC is currently trading below its resistance, stopping the price from trending higher. If the LTC price cannot break past this resistance of $57, we could see the price revisiting the support region at $50, acting as a demand zone for most investors.
Weekly resistance for the price of LTC - $57.
Weekly support for the price of LTC - $50.
Price Analysis Of BTC On The Daily (1D) Chart
Daily LTC Price Chart | Source: LTCUSDT On Tradingview.com
After falling from a high of $400, the price of LTC on the daily timeframe has formed an ascending triangle indicating a potential price reversal could be imminent.
The price of LTC found its daily ...
|Litecoin (LTC) Performs Better Than Bitcoin In Last 24 Hours – Upw...
Litecoin (LTC) has been having a rough time pumping its value since 2022's big market meltdown. The majority of cryptocurrencies likewise was experiencing the same misery.
Since last month, however, the (bear) market has shown indications of resurgence (well, depending on which cryptocurrency article you are reading), allowing LTC to reach $63 by the middle of this month.
The public's interest in cryptocurrencies has varied drastically over the past several years. It has piqued the curiosity of investors, whose passion with cryptocurrencies has increased with time.
Bitcoin, which has become synonymous with producing crypto millionaires and growing people's digitized fortune, has been the central objective of this enthusiasm.
Litecoin Flexes Muscle In Last 24 Hours
Since Bitcoin's inception, hundreds of different crypto assets have been created or split off of it. Litecoin, a Bitcoin offshoot or more technically 'fork', is one of these altcoins, the term for non-Bitcoin cryptocurrencies.
Litcoin, on the other hand, has distinguished itself by showing greater indications of recuperation in the last 24 hours, with a performance gain of over 2%.
LTC's growth over the past 24 hours was even higher compared to leading cryptocurrencies such as Bitcoin and Ethereum.
As of this writing, Litecoin is trading at $56.18, up 1% in the last seven days. In comparison, Bitcoin is at $20,251, down 6.2% in the last week.
The latest market decline brought LTC's price past the $51 lev...
|WATCH: Can Litecoin Lead A Crypto Recovery (Again?) | Daily TA August 29...
In this episode of NewsBTC's all-new daily technical analysis videos, we are looking at Litecoin, the LTCBTC and LTCETH trading pairs, and how the cryptocurrency could lead the crypto rally and outperform both Bitcoin and Ethereum.
Take a look at the video below.
VIDEO: Litecoin Price Analysis (LTCUSD): August 29, 2022
Litecoin went from an enthusiast favorite during the 2017 bull run to one of the most hated coins due to its laggard tendencies and limited design. Although naysayers do have a point, the cryptocurrency works a lot like Bitcoin but faster. It also enjoys regulatory acceptance allowing to on the list of major brands like PayPal – in which it is the cheapest coin on the list.
Litecoin Weekly Could Trigger RSI Buy Signal
Looking at the weekly Relative Strength Index and LMACD, things look a lot more healthy for Litecoin than other top cryptocurrencies. With a little push, Litecoin could set a higher high on the RSI. This is a buy signal according to the tool’s creator, J. Welles Wilder Jr. and in the past it started off major bull runs in LTC, especially when combined with a breakout of RSI downtrend resistance line.
Using time cycles, we can see that the RSI, LMACD, and price bottoms at similar points. Hurst cycle theory allows for cycles to be up to 10% out of phase in either direction. The slight discrepancy in the rhythm at our current bottom is totally within an acceptable range. Finally, the LMACD has topped and bottomed at ...
|Litecoin (LTC) Near-Term Route Could Be Determined By This Factor
Litecoin (LTC) could be heading the bearish route. According to CoinMarketCap, LTC has nosedived by 0.52% or trading at $56.50 as of press time.
Litecoin going the bearish track
LTC down by 0.52%, trading at $56.50
LTC engulfing candlestick shows increased selling pressure
In the past few days, LTC is seen to be hovering close to its midpoint. Notably, Litecoin is down by 12.75 from its five-day high yet spiked by 7.26% compared to its five-day low that registered at $52.56.
LTC price is gliding above the key resistance level. The support is now spotted at $54.17 and resistance is present at $56.13. In essence, LTC could experience extreme volatility once the price rally loses steam.
Litecoin Trading at Low Volumes
It can be observed that Litecoin has been trading at ridiculously low volumes lately which means that today’s trading volume is comparably low to the coin’s average trading volume in the past week.
Now, the improvement in market performance has restored the faith of many LTC buyers. It seems there could be hope for a bullish momentum.
However, the 62-$64 range could be getting in the way of a bullish movement. In turn, LTC is seen to have plunged below the EMA ribbons to convey a strong selling or bullish streak.
More so, the recent formation of an engulfing candlestick pattern showed a strong uptick in terms of selling activity.
There is a strong knock-back of higher prices seen close to the 20 EMA that could initiate a near-term disengagemen...
|Litecoin (LTC) Activates Tortoise Movement, Can It Flip Daily 50 EMA?
Litecoin (LTC) has continued to range in a channel against Tether (USDT) as it attempts to break out of this trend. The price of Litecoin LTC has shown little to no major movement despite the change in trend across the market in recent weeks as many altcoins rallied and produced gains of double digits. (Data from Binance)
Litecoin (LTC) Price Analysis On The Weekly Chart
Weekly LTC Price Chart | Source: LTCUSDT On Tradingview.com
From the chart, the price of LTC saw a weekly low of $45, which bounced from that area and rallied to a price of $56; considering its all-time high of over $200, this isn't much of a movement.
LTC's weekly candle closed with a bearish sentiment, with the new week's candle looking indecisive, showing signs of indecision on the part of traders.
The price has struggled to gain traction as it attempts to break out of a price range in the region of $50-$60.
If the price of LTC on the weekly chart maintains this structure, it could quickly return to $45, acting as support and the weekly low for the price of LTC.
|Litecoin Breezes Past $64 Level As LTC Picks Up Speed
Litecoin (LTC) price shows an extremely bullish trajectory as it aims to breach the $64.02 mark.
Litecoin immensely bullish as it targets to breach the $64.02 mark. Support spotted at the $60.87 level. Price facing hurdles at the $64.32 zone. On the other hand, LTC is facing hurdles at $64.32 as the bulls’ strong upheaval waned a bit. LTC's price was at $60.87 early today and has even managed to reach a high of $64.32 with the bulls trying to nudge the prices higher.
LTC price has seen a tremendous boost of more than 3.47% as seen overnight and currently trades along the $64 range. Trading volume has also spiked to as much as $404 million in a 24-hour timeframe.
According to CoinMarketCap, LTC is up by 0.49% and currently trading at $64.38 as of this writing.
Litecoin New Target: $70
On a 4-hour timeframe, LTC price is looking very bullish and registering higher highs and higher lows. More so, LTC was able to break past the channel that it was stuck within the past week. Such breach hints at an optimistic market response and development intensifying the dominance of the bulls.
The LTC/USD pair currently trades above the 50 SMA and also the 200 SMA, indicating that the bulls are now on top of the market.
RSI for Litecoin is spotted at 63.83, implying that the market is sliced in between the overbought and oversold territory. More so, LTC’s MACD is extremely bullish indicating that the bulls are in control of the market as of press time.
LTC price shows that the b...
|Litecoin Rejected At $55, Bears Might Drag LTC Below Immediate Support L...
Litecoin attempted to rise on its chart, however, the bears were still strong on the chart. Although the coin showed some recovery, technical outlook pointed towards further decline. Bitcoin too has lost steam as the coin plunged below the $20,000 mark.
Broader market weakness can be attributed to Litecoin's downward price movement. Closest support line for LTC stood at $45 and the price of the coin was trading very close to the aforementioned support level. The latest drop in price over the past 4 days have invalidated LTC's weekly gains.
Ever since Litecoin lost the support of $50, the coin has been on a consistent downfall. Buyers have existed the market and that has caused LTC to further plunge in value.
With the slightest bit of demand, LTC could push upwards and cross above the $50 price mark. The global cryptocurrency market cap today is $924 Billion, with a 0.2% positive change in the last 24 hours.
Litecoin Price Analysis: Four Hour Chart
Litecoin was priced at $48 on the four hour chart | Source: LTCUSD on TradingView
LTC was trading at $48 on the four hour chart. The nearest support line rested at $47 and then $45. The technical outlook pointed towards LTC's possibility of dipping further on the chart. It might revisit $47 and then could trade at a level lower.
The overhead resistance for the coin awaited at $50. If demand for the coin rises then LTC might move above the $50 price level. For the bearish thesis to be invalidated, the coin has to trade above the $51...
|Litecoin (LTC) Drops Below $50 After Consistent Bearish Squeeze
The price of Litecoin (LTC) is currently negative after a significant amount of liquidation. Monday's data from Coingecko indicates that the price of LTC has decreased by 1.4% over the past week and is currently trading at $49.98.
LTC had previously achieved support at $49.68, but was unable to maintain the levels and experienced a price decline. The LTC/USD pair is currently encountering resistance at $50.85; a move over this level would target $51.50.
The one-day price chart for Litcoin indicates an upward trend that may persist for some time. However, it may not be steady enough to overcome the market's significant bearish pressure.
Suggested Reading | Dogecoin (DOGE) Could Use Some Lift – An Elon Musk Tweet, Perhaps?
Litecoin Facing Heavy Selling Pressure
In the previous several days, the Litecoin market has been highly volatile, with values surging and then falling rapidly.
After failing to maintain the $52 level and facing severe selling pressure, LTC prices began to retreat. The cryptocurrency's market capitalization is approximately $3.5 billion, and its 24-hour trading volume is $373 million.
At $55.62, which is a resistance level, the LTC/USD pair established a new all-time high on Friday. This level has been retraced, and the price is currently trading below $55.50. If the price continues to decline, immediate support may be found at $54.00.
LTC ROI Down Over Past 12 Months
Aside from its functionality, LTC is now of little benefit to investors because ...
|MoonXBT adds new USDT spot markets in DAI, ADA, AVAX, LTC, FTT, LI...
MoonXBT, a crypto derivatives & social trading platform, has now announced it has successfully launched new USDT spot trading pairs in the following markets:
DAI/USDT, ADA/USDT, AVAX/USDT, LTC/USDT, FTT/USDT, LINK/USDT, and FTM/USDT.
The crypto margin trading platform offers up to 150x leverage and recently integrated fiat-gateway XanPool, to allow for easy deposits.
The post MoonXBT adds new USDT spot markets in DAI, ADA, AVAX, LTC, FTT, LINK, and FTM appeared first on CryptoNinjas.
|Litecoin Market Cap Caves In From Bearish Trends, Sheds Over $2 Billion ...
Litecoin market cap crashes as triggered by the bearish movement of the crypto market. Litecoin's market cap was down by more than 30% compared to its performance in the first week of May wherein the digital asset was in top shape. Litecoin market valuation closed the previous month at $4.82 billion; a disappointing number to say the least.
LTC was one of the cryptocurrencies that felt the blow on the eve of the crypto crash in May. The coin was down by 11.04% on Monday, dubbed the token's most significant percentage loss by far.
Its market cap spiraled down to $3.012 billion. For comparison, note that the LTC's highest market cap by far is at $25.609 billion.
Suggested Reading | Dogecoin Shed 91% Of Its Value Since 2021 High – A Musk Tweet To Pump DOGE?
Litecoin Shaved Off 33.59% In TCV
Meanwhile, LTC traded between $41.200 to $48.300 in the past 24 hours. Litecoin has also declined in value, losing as much as 33.59% and traded 0.75% or around $1.135B of the total crypto volume.
The coin plunged by 89.83% compared to its all-time high, wherein it peaked at $420 on December 12, 2017.
Evidently, it started May with a bang at $96.17. May 1 had LTC soaring at a trading volume of $592.41 million, equivalent to a market cap of $6.98 billion. The crypto asset also reached a monthly high that peaked at $106.80 or on May 4.
LTC total market cap at $3.1 billion on the daily chart | .com
It also tested and dipped to a monthly low on May 12 at $55.32; and consequ...
|Litecoin MimbleWimble Delisted by Several Exchanges for Being Too Privac...
Korean crypto exchanges Upbit and Bithumb announced in public notices to users that they will drop Litecoin (LTC). Upbit will stop trading pairs with Litecoin on June 20th and give users one month from then to withdraw the asset. Bithumb has already stopped accepting LTC deposits as of June 8th. Furthermore, the exchange is giving users until July 25th to withdraw LTC funds.
Litecoin MimbleWimble Edition Delisted in Korea
The companies say the MimbleWimble Extension Blocks upgrade does not comply with South Korean AML (anti-money laundering) regulations. They were joined by three other crypto exchanges in South Korea: Coinone, Korbit, and Gopax. The five platforms announced their delisting at the same time in unprecedented coordination by the country's crypto exchange industry.
The delisting announcements from each company were similar. South Korean regulatory authorities have made warnings about MWEB since before its release, so this comes as no surprise. Additionally, privacy coins Monero (XMR) and Zcash (ZEC) have already been removed in the Asian country.
Reportedly, though, Litecoin's delisting is a matter of collective industry action to satisfy the government. Lawmakers summoned the five exchanges to explain their lack of coordination to delist Terra Luna. Litecoin is the first crypto the resulting joint delisting committee has actioned.
Litecoin has been advertising the new privacy features in the MWEB fork for some time. In addition to performance upgrades to strengt...
|Report: Five South Korean Crypto Exchanges Respond to Litecoin MWEB Upgr...
Five South Korean cryptocurrency exchanges recently said they will delist litecoin because the crypto asset's Mimblewimble Extension Blocks (MWEB) upgrade violates the country's laws. As a result, the exchanges' users cannot use the Korean won to trade the crypto asset, which has since been named a 'dark coin.'Upgrade Violates Specific Financial Information Act
Following the recent Mimblewimble Extension Blocks (MWEB) upgrade to litecoin, five of South Korea's major cryptocurrency exchanges, namely Upbit, Bithumb, Coinone, Korbit, and Gopax, responded by announcing that they would delist the crypto asset. The exchanges argue that the upgrade has made litecoin transactions anonymous, which is against the country's laws.
According to a News1 report, the anonymity that was brought about by the Mimblewimble upgrade violates a provision in the Specific Financial Information Act which stipulates that cryptocurrency exchanges cannot handle crypto coins that hide transfer records.
In a statement, Upbit reportedly said:
According to the Special Act, exchanges must check whether the transmission records can be verified for digital assets with anonymous transmission technology, and take appropriate measures if anonymous transmission technology is found.
In May, a statement from the Litecoin team said the 'highly anticipated' MWEB upgrade had been activated. The statement explained that the upgrade 'is a fungibility-improving technology that enhances confidentiality between the senders a...
|Litecoin Activates MimbleWimble Extension Blocks (MWEB)
Litecoin has finally announced the activation of Mimblewimble Extension Blocks (MWEB) more than two years after it was first introduced.
On May 2nd, Litecoin achieved the 75% network consensus threshold required for activation after months of dialogue with different miners of the network. Following this, MWEB officially locked in for activation at block height 2257920.
Mimblewimble's Integration Into Litecoin
A privacy-focused decentralized protocol that gets its name from a tongue-tying spell made famous in the Harry Potter book series, MimbleWimble enables users to conceal transaction data with its confidentiality feature while providing a foundation for other blockchains to improve the usability of their token.
With Mimblewimble Extension Block, users of the network can opt-in to confidential transactions. The end goal is to enhance the viability of Litecoin as a fungible currency that can be used for real-world transactions by lowering fees and adding privacy, throughput, and scalability. David Burkett, a Mimblewimble expert, and developer of Grin ++, was tasked with leading the development of the MimbleWimble protocol for Litecoin.
Litecoin founder Charlie Lee commented:
'In terms of fungibility and privacy, I believe MWEB gets you 90% there. For most people, that’s good enough. It’s the difference between living in a glass house vs living in a house with windows. For people who need 100% privacy, they can live in a house with no windows.'
|Can Litecoin Reenergize Users With New MimbleWimble Upgrade? (Opinion)
Litecoin has launched the new privacy-focused MimbleWimble upgrade. The changes have proliferated across the network for use by LTC wallets and nodes. Will it bring new enthusiasm to the flagging PoW coin?
Released earlier this month after a majority of nodes approved the MimbleWimble (MWEB) update, the upgraded implementation will be able to transact with new MWEB privacy features.
The upgrade was completed at Litecoin block height of 2 million.
Lower Fees, More Privacy, Throughput, and Scalability for LTC
In the wake of MimbleWimble’s release, the update’s lead developer, David Burkett, had an urgent announcement for Litecoin node operators:
“Anyone interested in using the MWEB, and especially those who installed one of the earlier release candidates, should upgrade to the official v0.21.2 before MWEB activates. If you wait until after MWEB activation to upgrade, you’ll unfortunately be required to resync the blockchain from scratch.”
The MimbleWimble Litecoin update has been the cryptocurrency’s most hotly anticipated upgrade. MWEB not only introduces new privacy features for LTC users but also offers the blockchain key performance upgrades.
In addition to enabling confidential transactions on the Litecoin blockchain, MWEB removes unnecessary transaction data from the blocks through compression.
That decreases the block size for greater speed and scalability with more transaction bandwidth per block. It also allows new nodes to j...
|Litecoin Reveals Rollout Date For MimbleWimble, Will LTC See Relief?
Litecoin major update MimbleWimble (MWEB) has been approved by a majority of the nodes and locked in for activation. This version is set to be released today after multiple years of development. Burkett said:
Anyone interested in using the MWEB, and especially those who installed one of the earlier release candidates, should upgrade to the official v0.21.2 before MWEB activates. If you wait until after MWEB activation to upgrade, you’ll unfortunately be required to resync the blockchain from scratch.
The most highly anticipated upgrade since its inception, MimbleWimble will provide Litecoin users with better performance and privacy capabilities. This could create more demand for the underlying cryptocurrency as it currently trades in tandem with larger cryptocurrencies.
The lead developer clarified that the upgraded wallet has been “solid”. However, there have been some changes as a result of fixed issues found during the update’s testing phase.
In a previous post, Burkett explained in greater detail some of the issues fixed during MWEB’s testing phase. These included fixing the wallet transaction history, issues with the mining logic, and a change in the spend code to prevent a bug with the subtract fee from amount functionality.
The developer successfully reported:
(…) the consensus logic has been solid for a while now, the wallet has undergone drastic changes these past few months as we worked to resolve issues found during testing. The...
|Litecoin Drops 87% Trading Volume In Q1 2022
The interest in cryptocurrencies continues to wane in 2022, as does Litecoin's popularity. The trading volume of Litecoin was eight times lower in the first quarter of 2022 than it was in the first quarter of 2021.
For example, the trading volume from January to March 2022 was around $82 billion, 87% less than in Q1 2021. In the first quarter of 2021, the trading volume was $674.9 billion. The price dropped 70% from its highest point, $412, attained back in May 2021.
LTC started the day in green with a 1.72 increase, currently trading at $102.37 | Source: LTC/USD price chart from Tradingview.com
The most popular stablecoin pair for Litecoin’s native LTC was the United State Dollar Tether (USDT) in the first quarter of 2022.
Litecoin Month Wise Comparison Of Trading Volume
January 2021 was the month of Litecoin, with a trading volume of $284.52 billion. LTC hit a single-day high of $17.99 billion. But in January 2022, LTC trading volume dropped by 89%. The coin’s approximately trading volume was $31.48 billion, with a single-day high of $2.09 billion.
Similarly, February 2021 also performed well. The trading volume of Litecoin reached around $257.49 billion, with a single-day high of $16.57 billion. However, in February 2022, the coin performance dropped by 90% compared to Feb 2021. As a result, the single-day high of Feb 2022 was $1.68 billion.
Litecoin saw a decline in trading volume in March 2021 compared to January and February 20...
|Litecoin Foundation and AntPool Formed a New Organization Focused on Dap...
Litecoin Foundation, a community-run organization, committed to the development and adoption of Litecoin, announced a partnership with the digital currency mining platform AntPool to form LTC Labs.
The newly established research laboratory will be dedicated to developing anonymous transactions, decentralized applications, Litecoin-based wallets, and other projects within the Litecoin ecosystem.
Also, AntPool promised to donate half of its Litecoin mining earnings each month to support the partnership and fund LTC labs.
LTC Labs Forms a DAO With 10 Founding Members
Charlie Lee, the creator of Litecoin, greeted the partnership with open arms, tweeting:
1/ We're very excited to announce this partnership with @AntPoolofficial.
We first approached AntPool last month to talk about MWEB signaling. They were very enthusiastic about supporting Litecoin. And as you know, they were the first pool to upgrade and signal for MWEB. https://t.co/uWNp5ovDLA
— Charlie Lee (@SatoshiLite) April 5, 2022
According to the release issued by Litecoin Foundation, the new project is currently working on a DAO with ten founding members, six of which come from AntPool and four from the Litecoin Foundation. Therefore, AntPool will have a controlling share on the board.
Lee also revealed that the Labs will use Gnosis and Snapshot to vote on how to use the fund, and a minimum of five people voting 'Yes' is required to pass a proposal.
Once it's confirmed, the Labs will use 'the reality.eth crowd-so...
|Litecoin's (LTC) Hash Rate and Difficulty Recover Despite Falterin...
LTC has lost more than half of its value in the past few months, despite the most recent market price increases. Its blockchain hash rate, on the other hand, has been on a steady uptrend depicting the resilience of network participants in the face of tremendous volatility in the broader market.
Litecoin Hash Rate on the Path to Recovery
According to data from BitInfoCharts, Litecoin's mining hash rate increased to 397 Th/s on February 1st. The last time the figures were this high was back in August 2019. Despite undergoing a mild retracement a week later, the numbers are still hovering around this level. Besides, further data also suggested that the network's latest difficulty level was also adjusted to 13.53 million, a level last seen in August 2019.
Litecoin Hash Rate. Source: BitInfoCharts
It is important to note that the network hash rate declined sharply to 170 Th/s in June 2021, just a month after hitting an almost two-year high of 384 Th/s. This came amid the all-out crypto ban in China.
Since then, both hash rate and difficulty have been on a steady uptrend in tandem price recovery, even though the latter's trajectory wasn't as smooth. In fact, the plunge that unwrapped in the last week of January this year also failed to deter the overall hash rate trend, demonstrating a more robust network.
The major culprit for the initial fall was undoubtedly the second halving. Litecoin's hash rate and difficulty went on a freefall since the mining reward network halving in July ...
|Litecoin Creator Praises Dogecoin, Can The Token Get Its Bark Back?
In the midst of fast-paced vacillations between Polkadot (DOT), Terra (LUNA), and DOGE, Dogecoin (DOGE), a cryptocurrency project that began as a joke but has now taken on a far more powerful persona, continues to compete for a place in the top 10 cryptocurrencies by market capitalization.
Last year, Dogecoin went through two bullish stages. While the first leg was sparked by Robinhood's adoption of the meme coin, the second was spearheaded by Tesla CEO Elon Musk, who earned the moniker 'Dogefather' for his unwavering support for Dogecoin. Many observers believe that the 'Elon Musk effect' is the lone bullish thesis for Dogecoin because Musk's persona has such a strong influence on the meme coin's prospects. Now, Litecoin creator has praised the meme coin, calling Elon Musk great.
Meme Coin Praised by Litecoin Founder
Charlie Lee, the founder of Litecoin, one of the most valuable crypto assets by market capitalization, has praised Dogecoin, a popular meme coin, for its contribution in mainstreaming the crypto business.
Charlie Lee, in a recent Bloomberg interview, described Dogecoin as 'great' and 'pretty fun.'
He thinks that the most popular meme cryptocurrency is ready to attract a large number of new users.
Given the role both have played in bridging the gap between the crypto industry and the general public, his praise for Elon Musk and Dogecoin is expected.
On his Twitter page, SpaceX CEO Elon Musk has discussed digital assets multiple times. Apart from that, his electri...
|LATAM payment wallet AstroPay integrates crypto with BTC, BCH, LTC, and ...
AstroPay, a Latin American-based online payment service, announced it has integrated cryptocurrency with a new buy and sell option on its app and web app. The AstroPay wallet supports Bitcoin, Bitcoin Cash, Litecoin, and Cardano, and can be acquired in local currencies available in each country or USD.
Further, the service allows users to trade supported cryptocurrencies with no purchase, trading, transfer, or maintenance fees. With the addition, AstroPay aims to expand its business to a wider range of users. The option is now available in selected emerging markets with plans to roll it out further.
Mikael Lijtenstein, CEO at AstroPay
“With this offering, we want to serve younger users who are more inclined to trade cryptocurrencies as they are digital natives. AstroPay has been operating with cryptocurrencies for over two years and we decided that now is the right time to offer our users the option to trade these digital assets.”
- Mikael Lijtenstein, Astropay CEO
Holding a strong presence and solid experience in delivering payment solutions in emerging markets, AstroPay is now available worldwide and serves customers in Europe, Asia, Africa, and Latin America. AstroPay has offices in the UK and Latin America, with over five million users, 500 merchants, and more than 200 payment methods available globally.
The post LATAM payment wallet AstroPay integrates crypto with BTC, BCH, LTC, and ADA appeared first on CryptoNinjas.
|Litecoin Sees Gains As MimbleWimble Kicks In, What It Means For LTC&rsqu...
Litecoin follows the general sentiment in the crypto market and trades in the green during today’s session. As of press time, LTC is exchanging hands at $110,21 with a 1.7% profit in 24-hours.
Related Reading | Charlie Lee Sums Up Litecoin’s 10 Years History. Part Five: Conflict Of Interest
LTC moving sideways in the 4-hour chart. Source: LTCUSDT Tradingview
The increase in the price of Litecoin has been driven by relief in larger cryptocurrencies, such as Bitcoin and Ethereum. The latter has been showing bullish momentum in lower timeframes and could see more profits in the coming weeks.
Selling pressure triggered by macro factors has been and will remain mitigated during February. As NewsBTC reported earlier, this month has been historically bullish for Litecoin and the crypto market.
No doubt, the recent announcement of LTC’s MimbleWimble upgrade as a Release Candidate or beta could have a long-term bullish impact on Litecoin. The upgrade has undergone a multi-year development and stands as one of the most hyped rollouts for this cryptocurrency amongst its community.
The Litecoin Foundation and MimbleWimble’s lead developer David Burkett made the announcement via social media platform Twitter. Burkett published the first LTC addresses using the MWEB extension, seen below.
— David Burkett (@DavidBurkett38) January 30, 202...
|LTC Casino Now Accepts Dogecoin as Payment
[PRESS RELEASE - Please Read Disclaimer]
LTC Casino has excellent news for its community: they are now accepting payments in DogeCoin. They started supporting Doge transactions last week, and now members can play their favorite games without worrying about their payment method.
They believe that the current currencies used worldwide encourage the shift to cryptocurrencies. So LTC Casino gives the option of using Bitcoin, Litecoin, Ethereum, Dogecoin, USDT, XRP, and other cryptocurrencies to get access and play a wide range of games.
What Does LTC Casino Offer?
The platform was built specifically to offer a worldwide audience the advantage of eliminating any constraints imposed by traditional casino laws and legislation. LTC Casino provides benefits of crypto to its entire community of people who appreciate a boundless cryptocurrency experience.
Users benefit from privacy, ease of use, quick deposit and withdrawal processing times, low transaction fees, and no transaction restrictions while using blockchain networks. Therefore, the platform implemented only crypto payment methods, eliminating lost transactions or long waiting periods due to banks and payment intermediaries.
Advantages of Using LTC Casino
If you are wondering why you should play at LTC Casino, here is your answer:
There are no restrictions, and the limits can go as high as the players like. For cryptocurrency players, significant limits will be the favored option. Also, players can now enjoy quick cash outs and...
|Bitcoin, Ethereum, Monero Hashrates Tap Lifetime Highs — Dash, ETC...
During the first month of 2022, both Bitcoin and Ethereum's hashrates have climbed to all-time highs (ATHs). While Bitcoin's hashpower surged to over 200 exahash per second (EH/s), Ethereum's hashpower jumped to over 1 petahash per second (PH/s). A few mineable digital asset networks, however, saw their hashrates decline since their ATHs and the processing power behind these protocols hasn't returned back to the highs captured long ago.
While Some Hashrates Skyrocket, Processing Power From Other Crypto Networks Remains Lackluster
At the time of writing, Bitcoin's processing power is coasting along above the 200 exahash per second (EH/s) zone, after touching the ATH it captured on January 15. Six-month hashrate statistics indicate that on Sunday, January 16, 2022, BTC's hashrate tapped a daily high of 216.50 EH/s.
The top three mining pools on Monday, January 17, include F2pool, Foundry USA, and Antpool, respectively. All three pools have more than 15% of the global hashrate or 29 EH/s of hashpower.
Six-month and all-time metrics also show that Monero's network hashrate is coasting along at all-time high records as well, with about 3.49 gigahash per second (GH/s) at press time.
In close to four days' time, Bitcoin's network difficulty is expected to increase 6.24% which will bring the network difficulty to an all-time high. The estimated difficulty after the next epoch change will be around 25.89 trillion, according to data at the time of writing.
Ethereum's network hashrat...
|After Volatile Week BTC Reclaims $43K, Litecoin Spikes 8% (Market Watch)
After yesterday's drop to sub-$42,000 levels, bitcoin bounced off and spiked to around $43,000. Most altcoins are slightly in the green as well on a daily scale, with BNB nearing $500 and more impressive gains from Litecoin and ATOM.
Bitcoin Touches $43K
The past several days seemed quite positive for the primary cryptocurrency. The asset had recovered from its dip below $40,000 on Monday and was increasing in value gradually.
In just a few days, it added more than $4,000 of value, which resulted in breaking above $44,000 on a few occasions - the last one on Thursday.
However, this is there the landscape changed. After touching a weekly high of $44,500, the bears stepped up and pushed BTC south. This time, bitcoin dropped by over $2,500 and declined to just under $42,000 yesterday.
Since then, BTC has added around $1,000 of value and now sits at approximately $43,000, and its market capitalization has remained above $800 billion.
BTCUSD. Source: TradingView
Litecoin Spikes 8%: BNB Nears $500
Ethereum went through a volatile week of its own in the past several days, which included a drop to a multi-month low beneath $3,000. After that dump, though, ETH went on the offensive and recovered $300 in days. As of now, a minor 2% increase since yesterday has pushed the second-largest crypto to above $3,300.
Binance Coin is up by around 3% on the day and is close to challenging $500. Ripple, Polkadot, Avalanche, Shiba Inu, MATIC, LINK, and Terra are also slightly in the green.