Litecoin is feeling the love today, which is ironically Valentine’s day.
It’s up nearly 30% today and is by far the best performing crypto in the top 10. Plus, it passed Cardano to reclaim the #5 spot.
Let’s find out what’s going on.
Litecoin (LTC) is one I last wrote about in early July here and here. At the time LTC traded in the $40 to $50 range. And we got to a high of around $372 in December.
Since then Litecoin has sold off with the rest of the crypto market. It bottomed out around $110 and trades near $200 as of this writing.
The biggest news right now is that a group of developers may fork Litecoin to form Litecoin Cash.
According to the Litecoin Cash website it will fork at block 1371111, and for every 1 LTC you own you’ll be able to claim 10 LCC.
The benefit of LCC according to the website is that it will use SHA256 mining, which will enable previously obsolete Bitcoin mining hardware to be used.
Per Litecoin Cash it will also have lower transaction fees and a better difficulty adjustment (using Dash’s DarkGravity algorithm) compared to Litecoin.
According to Litecoin founder Charlie Lee it’s a ‘scam’ meant to confuse LTC owners.
I’m not so sure about these forks. I still like the original LTC. It continues to develop the protocol and recently partnered with Aliant Payment Systems so you can make every day payments in LTC.
What about you, which do you prefer, LTC or LCC?
and trade cryptos on Binance
I am not sure if this is because of LCC announcement or not but yesterdays bearish shooting star candle was not confirmed and invalidated by todays nice green candle (+10%).
At the moment it almost retraced yesterdays shadow.
Overall, the crypto market reverted and this is exiting.
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Interesting, thanks for sharing.
I could see BTC retesting its recent lows, or at least tempting too. That would bring another opportunity to buy LTC as well.
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Not sure about that. Going down back to 6K seems unreal due to recent activities from US and big deals for Ripple and LTC. Also the trend cycle has been repeated and according to that crypto markets will now start to grow up again. Sell offs may occur but not that big. My personal opinion though. :)
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Today was Litecoin's Valentine's Day present to me! It really does love me!!!
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Lol... me too!
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It’s good to make people aware of this, Litecoin was initially meant to be the crypto for smaller transactions so not sure why we need Litecoin Cash.
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I'm not sure why either... looks like a money grab.
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Good post, you got my upvoted.
I got out of Bitcoin and into LTC a while back as I was getting concerned about the transaction cost. Haven't looked back since
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Nice... I like both ;-p
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Yes you are right... in terms of cost and timing BTC is not a good choice but due lot of hype and publicity people are still crazy about BTC and that why I chose LTC over BTC simply. If you really concern about the cost and timing then I would recommend XRP as well.
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@techstack also have a look at #waves and #wavesplatform. Cheap fees and decentralised exchange.
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when i play this ltc the more i like. because of the ease
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I really like Litecoin but I don't know what to think about the fork.
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Same here!
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this is very informative blog .thanks to you for sharing..i praise
you..
Carry on
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Thanks... buy LTC!
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I am staying away from LCC. I see a great deal of progress made wit LTC and LCC trivializes their efforts.Resteemed
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Thanks!
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Yeah, Litecoin is skyrocketing. This is because of the scheduled launch of LitePay. Also, a hard folk is also happening 3 days later on 18th Feb 2018 and developers are distributing the equal value of Litcoin Cash to all the Litecoin owners. So if you have 10 Litecoin then folk will give you additional 10 Litecoin Cash free. It may be a good opportunity for all who wants to be into Cryptocurrency cummunity at some point. This may be the right time at least to be into Litecoin. For more information please read this article.
https://steemit.com/litepay/@sumanpuja/litepay-is-coming-one-of-the-best-time-for-litecoin-lovers-don-t-miss-the-opportunity
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Thanks!
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Yes absolutely I am also happy for increasing Ltc
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I think it's Ok, if you are going to get 10-1 LCC per LTC the only way to lose here is if the fork drives LTC price down.
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I wish we could see Bitcoin feel the same love . It’s about time that crypto regains it’s position
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In due time it will ;-p
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I'll stick with LTC. Great to see growth again! Thanks for posting this. Upvoted!
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Cheers!
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After reading your post.
I have checked ltc price.
I am very glad to see that.
Youre right, Litecoin feeling love in this valentine's day.
Very appreciate to watch this.
Thanks @g-dubs
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Thanks!
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Is there any specific reason you tagged this post with bitcoin first and litecoin at last. Since you are writing about the LTC so you must have tagged with litecoin or ltc in first place. Just an opinion. Thanks!!!
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I always start w bitcoin cryptocurrency blockchain as they're the 3 most popular tags.
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Very wary of this fork rubbish, especially after Charlie Lee came out and straight up called it a scam haha.
But all that matters right now to me is price. Breakout confirmed! 😎
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Yea that's a nice looking breakout... great chart art!
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teach me to play LTC brother
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Coinbase Commerce we NOW ACCEPT LITECOIN
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That's big!
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I think Charlie Lee is probably right. No really good reason for this to happen. Thanks for the update.
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Litecoin is a useful tool and I will use it more and more and more.
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ltc value is high. your post is essential.
thanks for sharing. carry on
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Check out my video for more crypto currency news
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Crypto market have rebounded
I have a deal for you if you're the short-term investor. If you know me you know that this is a rare situation. Generally, I give you only long-term tips. These days I guess you're happy that your crypto investments have partially recovered. So this is a great opportunity to make quick profits. I’ve sold 50% of LTC, IOTA, and DATA.
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I'm 90% hodler ;-p
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Good for you! I'd say I'm 75% hodler, if I must say a number :-D
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I've written a guide on how to safely claim your Litecoin Cash #LCC from a Litecoin #LTC core wallet.
Would appreciate if you share and comment on it guys.
How to safely and securely claim your Litecoin Cash from the upcoming fork
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That's really useful. Will do. Thanks!
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Finally Crypto is again the way to up.Congratulations all.
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This post has received gratitude of 1.63 % from @appreciator thanks to: @g-dubs.
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This post has received a 1.89 % upvote from @boomerang thanks to: @g-dubs
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This post has received a 0.80 % upvote from @booster thanks to: @g-dubs.
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You got a 0.99% upvote from @postpromoter courtesy of @g-dubs!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
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Thank you g-dubs for making a transfer to me for an upvote of 1.51% on this post!
Half of your bid goes to @budgets which funds growth projects for Steem like our top 25 posts on Steem!
The other half helps holders of Steem power earn about 60% APR on a delegation to me!
For help, will you please visit https://jerrybanfield.com/contact/ because I check my discord server daily?
To learn more about Steem, will you please use http://steem.guide/ because this URL forwards to my most recently updated complete Steem tutorial?
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Sneaky Ninja Attack! You have been defended with a 1.22% vote... I was summoned by @g-dubs! I have done their bidding and now I will vanish...Whoosh
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Great sir sharing basic knowledge and your views about currencies keep it up
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Super artykuł !!!
Pozdrawiam i zapraszam
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