1. Litecoin eyes $100 after 'rare' LTC price breakout  Cointelegraph
2. Litecoin Surges 9% In 24 Hours, Takes Spot As 12th Largest Crypto | Bitcoinist.com  Bitcoinist
3. Litecoin (LTC) Rally to $83 Fueled by Ancient Whales, Data Shows  U.Today
4. Litecoin Price Prediction: Why LTCs Rally is Far From Over  newsbtc.com
5. Litecoin: Assessing the odds of LTC sustaining its ongoing bull rally  AMBCrypto News
6. View Full Coverage on Google News

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Litecoin eyes $100 after 'rare' LTC price breakout - Cointelegraph

'MoneyGram's Decision to Integrate #Litecoin into Its Crypto Services and the Coin's ... - Latest Tweet by  LatestLY

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'MoneyGram's Decision to Integrate #Litecoin into Its Crypto Services and the Coin's ... - Latest Tweet by - LatestLY

Litecoin has been the third cryptocurrency by market capitalization for a very long time. This crypto coin has been active for over nine years now and has managed to be successful for most of this period. At the moment, it is still ranked among the top 30 cryptocurrencies by market cap.

Lately, there has been a lot of talk happening about how Litecoin has fallen off. Nowadays, all trending tokens are either attached to a strong brand, have a lot to offer besides being a store of value, or are simply quirky enough to be noticed by millionaires. Despite having a solid technical foundation, Litecoin doesnt really have any of those things.

However, this cryptocurrency is still going strong, and we are very likely to see the price and market cap of Litecoin rise again in the future.

In this article, well take a look at Litecoins fundamentals and its prospects as a long-term investment. Please remember that our LTC price prediction does not constitute investment advice, and you should do your own research before deciding whether its a good investment or not.

Litecoin (LTC) is a decentralized peer-to-peer cryptocurrency created by Charlie Lee, a former Google employee, in 2011. The LTC network was designed to solve its elder brothers network problems, such as transaction speed, scalability, and high commission fees for each financial transaction made on the blockchain.

Litecoin used to be one of the first cryptocurrencies people learned of when they entered the market. As a fork of Bitcoin, the LTC network is based on the BTC protocol. Some of the things they have in common are anonymity, decentralization, the ability to be mined, and the consensus mechanism (Proof-of-Work).

In 2016, Litecoin became the second-biggest cryptocurrency, overtaking all existing altcoins at that time. The project aimed not only to boost the rate of Litecoins price growth but also to promote LTC as a trustless peer-to-peer medium of exchange.

The Litecoin Foundation has never claimed to compete with Bitcoin directly. On the contrary, they believed that Bitcoin would serve as the fundamental digital coin. Meanwhile, Litecoin was supposed to modestly take the place of a useful alternative.

Litecoin has had a few price surges since 2016 but has started slowly falling down the market cap rankings. That happened in part due to the fact that the cryptocurrency market grew exponentially, and with it, the amount of competition Litecoin had.

Digital assets like Ethereum, which were more technologically advanced than the Litecoin cryptocurrency, attracted more crypto investors. Nowadays, LTC is still used for quick and cheap transactions, but a lot of Litecoin predictions state that the coin needs wider adoption and more partnerships to truly shine.

Now, lets take a look at the result of the LTC technical analysis performed by Trading View. It is updated in real time.

A buy signal means that Litecoins price is expected to rise in the near future. A sell signal means that the coin is likely to decline in value soon. This type of analysis is best suited for short-term price predictions.

According to the technical analysis of Litecoin prices expected in 2022, the minimum cost of Litecoin will be $58.54. The maximum level that the LTC price can reach is $63.42. The average trading price is expected around $61.24.

Based on the price fluctuations of Litecoin at the beginning of 2022, crypto experts expect the average LTC rate of $56.62 in October 2022. Its minimum and maximum prices can be expected at $51.76 and at $58.23, respectively.

Cryptocurrency experts are ready to announce their forecast for the LTC price in November 2022. The minimum trading cost might be $56.72, while the maximum might reach $61.06 during this month. On average, it is expected that the value of Litecoin might be around $58.88.

Crypto analysts have checked the price fluctuations of Litecoin in 2022 and in previous years, so the average LTC rate they predict might be around $61.24 in December 2022. It can drop to $58.54 as a minimum. The maximum value might be $63.42.

After the analysis of the prices of Litecoin in previous years, it is assumed that in 2023, the minimum price of Litecoin will be around $85.67. The maximum expected LTC price may be around $104.88. On average, the trading price might be $88.12 in 2023.

Based on the technical analysis by cryptocurrency experts regarding the prices of Litecoin, in 2024, LTC is expected to have the following minimum and maximum prices: about $116.37 and $146.71, respectively. The average expected trading cost is $120.77.

The experts in the field of cryptocurrency have analyzed the prices of Litecoin and their fluctuations during the previous years. It is assumed that in 2025, the minimum LTC price might drop to $176.40, while its maximum can reach $208.85. On average, the trading cost will be around $182.43.

Based on the analysis of the costs of Litecoin by crypto experts, the following maximum and minimum LTC prices are expected in 2026: $305.20 and $250.86. On average, it will be traded at $259.98.

Crypto experts are constantly analyzing the fluctuations of Litecoin. Based on their predictions, the estimated average LTC price will be around $366.87. It might drop to a minimum of $356.47, but it still might reach $428.01 throughout 2027.

Every year, cryptocurrency experts prepare forecasts for the price of Litecoin. It is estimated that LTC will be traded between $518.36 and $620.25 in 2028. Its average cost is expected at around $533.04 during the year.

Cryptocurrency analysts are ready to announce their estimations of the Litecoins price. The year 2029 will be determined by the maximum LTC price of $871.69. However, its rate might drop to around $740.35. So, the expected average trading price is $766.99.

After years of analysis of the Litecoin price, crypto experts are ready to provide their LTC cost estimation for 2030. It will be traded for at least $1,116.57, with the possible maximum peaks at $1,304.48. Therefore, on average, you can expect the LTC price to be around $1,147.25 in 2030.

Cryptocurrency analysts are ready to announce their estimations of the Litecoins price. The year 2031 will be determined by the maximum LTC price of $1,913.76. However, its rate might drop to around $1,620.79. So, the expected average trading price is $1,666.67.

Despite not being among the top 10 cryptocurrencies by market capitalization, Litecoin is still an incredibly popular cryptocurrency. As a result, there are quite a lot of Litecoin price predictions out there made by top industry analysts. Here are some of them.

The Price Prediction platforms Litecoin forecast is unbelievably bullish. It is probably one of the most optimistic LTC price predictions you will find. They expect this coin to grow tenfold in just five years and can see Litecoins future price crossing over the $3K mark before this decade is over.

Like most other Litecoin price forecasts, the one from Digital Coin Price is also bullish on this digital asset. Their price prediction sees the coins price doubling in value over the next five years.

GOV Capital also has a positive outlook on the future of Litecoin. Although they are bearish on it in the short term, they expect LTC to start rising again sometime next year.

Wallet Investors LTC price prediction is moderately bullish in the short run but expects this coin to go through a period of explosive growth in five years. They think that Litecoin may double its price by 2027.

Unlike most other platforms, TradingBeasts is bearish on LTC. They think that Litecoins price and market cap are going to decline in both the short- and the long run.

Their Litecoin forecast has the coin declining until the end of 2023. Then, TradingBeasts predicts that Litecoins price will start rising again. However, they do not see LTC hitting a new ATH in the next few years.

You can buy or exchange Litecoin at great rates and with low fees on Changelly.

In order to get any cryptocurrency, you will need a crypto wallet that supports it. Find out which reputable wallets support LTC here.

Litecoins all-time high is a little over $400. At the moment, we think that, realistically, the LTC price can go up to about $1,000 at least in the near future.

Both ETH and LTC are high-risk, high-reward assets. Although Ethereum would usually be a better fit for most portfolios, you should research both of these crypto assets before you make up your mind.

Litecoin and Bitcoin have many similarities after all, LTC is a fork of BTC. Nonetheless, they have different hash functions, and Litecoin was specifically designed to process transactions four times faster than Bitcoin. However, Bitcoin has a much higher market cap and price.

There are many cryptocurrencies that can be considered better than Litecoin on a technical level for example, Ethereum. However, that does not mean LTC is bad or useless it simply offers something different. It is still favored by many investors as a cheap and quick medium of exchange.

Although Litecoin is technically decentralized by design, it has a single, well-known creator Charlie Lee. This means that there is a person out there who has at least some additional influence over the project. However, it is still considered fully decentralized by the community.

Just like Bitcoin, Litecoin uses the Proof-of-Work consensus mechanism.

Only time will tell. Litecoin has the support and the technical foundation to survive in the long term, but it does not really offer anything other cryptocurrencies dont have. Its survival will depend on how many businesses will adopt it, government regulation, and the competition within the crypto market.

Most Litecoin forecasts are bullish on this coin, and those that are not still dont see it crashing. As long as the crypto market continues to exist, so does Litecoin at least in the next decade. However, it remains to be seen whether LTC will be a profitable long-term investment.

Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the authors opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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Litecoin (LTC) Price Prediction 2022, 2023, 2024, 2025-2030 - Changelly

1. Litecoin Registers Over $1 Million In Whale Transactions For 2022 Good News For LTC?  NewsBTC
2. Litecoin (LTC) Price Now Trading in Historical Buy Zone  BeInCrypto
3. Litecoin price takes off! Is this the beginning of Crypto Season?  FXStreet
4. Litecoin Price Prediction as Historical Volatility Plummets  BanklessTimes
5. Litecoins whale transactions spike, but what could it mean for retailers  AMBCrypto News
6. View Full Coverage on Google News

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Litecoin Registers Over $1 Million In Whale Transactions For 2022 Good News For LTC? - NewsBTC

Litecoin [LTC] had a difficult seven days, as the cryptocurrency couldnt perform as per investor expectations. The alt registered a mere 1% seven-day gains. According to CoinMarketCap, LTC at press time, was trading at $53.39 with a market capitalization of more than $3.8 billion.

In an interesting revelation, CRYPTOWZRD, a popular crypto analyst, pointed out that Litecoin was following Bitcoins [BTC]overall sentiment and movements.

The findings of this analysis were evident by looking at both the charts of both the coins as they registered similar growth in the last few days.

For instance, at press time BTCs and LTCs one-hour growth was 0.03% and 0.16% respectively. Nonetheless, the Litecoin ecosystem witnessed a few upgrades and developments. These may have the potential to help the coin move up in the days to come.

______________________________________________________________________________________

Here is AMBCryptos Price Prediction for Litecoin (LTC) for 2023-24

_______________________________________________________________________________________

Recently, Litecoin developers pushed a new update called MimbleWimble Extension Blocks. According to them, this is the largest upgrade in the LTC blockchain as it will increase LTCs scalability over ten fold. This development looked pretty promising as it increased the blockchains capability considerably.

However, despite the effort, things in the short-term didnt seem to be in LTCs favor as several metrics suggest a possible downfall in the coming days.

For instance, though the Market Value to Realized Value (MVRV) ratio registered a slight uptick, it was still considerably down. Litecoin also didnt manage to gain much traction from the crypto community, which was evident by looking at LTCs social volume as it decreased over the last week.

Earlier this month, Santiments data also revealed that LTC gained the third spot on the list of cryptocurrencies with the most daily active addresses. However, things might have changed a bit over the last few weeks, as LTCs daily active addresses declined as compared to late September. Nonetheless, LTCs development activity had spiked lately, which was a green flag.

Furthermore, data from on-chain intelligence platform Glassnode pointed out that LTCs reserve risk decreased in the last week. This meant that traders could invest in LTC.

LTCs daily chart portrayed an ambiguous picture as a few market indicators supported a price hike, while the rest suggested otherwise. For instance, the Moving Average Convergence Divergence (MACD) displayed a bullish crossover, which might help the coin climb the ladder in the coming days.

The Bollinger Bands (BB) data revealed that LTCs price might soon enter a high volatility zone after registering a weeks-long sideways monument. This may increase the chances of a northbound breakout.

The Relative Strength Index (RSI) and Chaikin Money Flow (CMF) were both near neutral positions, suggesting that the market could head in any direction. However, the Exponential Moving Average (EMA) Ribbon indicated sellers advantage in the market as the 20-day EMA was resting below the 55-day EMA. This may minimize the chances of an uptick in the short-term.

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Can Litecoins latest developments make LTC an investor favorite in Q4 - AMBCrypto News

Coinbase Global Inc COIN shares are trading lower by 10.34% to $66.27 going into the close of Friday's trading session. Shares of several banks and financial services companies are trading lower amid overall market weakness following better-than-expected U.S. unemployment data, which could negatively impact lending as it dims the outlook for a Fed policy pivot. A rise in Treasury yields have also weighed on the sector.

Coinbase is also trading lower in sympathy with the price of Bitcoin BTC/USD and Ethereum ETH/USD.

Bitcoin and Ethereum are trading lower by 2.72% to $19,400 and 2.24% to $1,320, respectively, going into the close of Friday's session.

See Also:Why Microsoft Shares Are Diving

What's Going On In The Broader Market?

The U.S. added 263,000 jobs last month, outpacing average economist estimates of 250,000 jobs, according to Benzinga Pro.

Newdatafrom the Bureau of Labor Statistics showed the U.S. unemployment rate at 3.5%, beating the 3.7% level economists had projected. The labor participation rate dropped 0.1% to 62.3%, compared to the 63.4% pre-pandemic rate in February 2020...Read More

According to data fromBenzinga Pro, Coinbase has a 52-week high of$368.90and a 52-week low of$40.83.

Excerpt from:

Why Bitcoin-, Ethereum- And Litecoin-Related Stock Coinbase Is Getting Hammered - Coinbase Global (NASDAQ - Benzinga

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Proin malesuada ligula et faucibus semper.Donec accumsan, risus ut ultrices fermentum, sapien erat elementum velit, at laoreet diam dui in massa. Etiam tristique ornare metus et scelerisque. Maecenas cursus volutpat ante vitae tincidunt. Cras ligula nisl, hendrerit sit amet scelerisque non, maximus ac metus. Donec iaculis sagittis hendrerit. In rutrum mi sit amet lorem aliquam ultricies. Duis porttitor volutpat ante nec porttitor. Maecenas tincidunt efficitur lorem at mollis. Pellentesque vitae arcu feugiat, posuere arcu et, posuere velit. Nulla tempor feugiat dui nec consectetur. Morbi commodo accumsan leo sit amet tincidunt. Suspendisse in lacus ex. Mauris in lorem massa.Mauris ac viverra sem. Maecenas cursus eu velit et mollis. Phasellus faucibus a elit ut imperdiet. Proin at mauris nec ipsum vehicula faucibus at non magna. Curabitur et fermentum tortor, ut consequat elit. Nullam molestie a neque nec mattis. Quisque ac libero sed erat tempor laoreet. Cras in massa eu est varius scelerisque a tincidunt nulla. Cras eu fermentum massa, a dignissim felis. Donec eros arcu, tempus vel lacus at, tincidunt maximus turpis. Suspendisse euismod augue et ipsum luctus, id tempus felis consequat.Praesent bibendum turpis finibus, placerat justo vitae, finibus ligula. Aliquam dictum mattis tristique. Mauris tincidunt magna ac orci pellentesque efficitur. Mauris in leo ac odio sodales pulvinar. Mauris porttitor viverra enim, quis scelerisque velit aliquet et. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. In luctus dui nec metus viverra posuere. Mauris ac urna dui. Pellentesque ac feugiat metus, eu tempus neque. Ut molestie interdum odio. Donec vulputate dapibus nibh sed hendrerit. Donec mollis quis mi et volutpat. Nunc lacinia mollis varius.Vivamus vel accumsan urna, luctus bibendum urna. Sed est sem, convallis a mauris nec, suscipit posuere orci. In hac habitasse platea dictumst. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Duis in eros pharetra, sollicitudin urna luctus, sagittis sapien. Integer hendrerit elit mi, a sagittis sem facilisis fermentum. Quisque efficitur nisl leo, sed sollicitudin mauris tincidunt at. Aliquam vitae eros at quam aliquam efficitur id at est. Phasellus blandit ex sem. Donec vel sem vitae augue sollicitudin convallis cursus at nunc.Proin tincidunt sodales dictum. Maecenas in rhoncus augue. Suspendisse at pretium nulla. In efficitur ornare magna sit amet elementum. In ultricies tempor libero. Vestibulum risus arcu, sodales id ullamcorper quis, commodo eu ante. Morbi ac arcu diam. In hac habitasse platea dictumst. Etiam quis arcu massa. Quisque sit amet tortor fringilla, congue massa ut, interdum purus. Ut lacus tortor, fermentum id cursus sit amet, sagittis sed est. Pellentesque blandit gravida nunc, ac mollis nisl euismod at. Nulla et blandit sapien, vel porta dolor. Donec suscipit sed arcu id blandit. Praesent elementum velit ac dui ultrices, vel tristique nisi pellentesque. Vestibulum ut consequat leo.Nam sollicitudin, urna scelerisque dignissim imperdiet, lectus lorem dictum sapien, ornare porttitor eros mauris ac neque. Aenean dignissim metus nec lectus auctor rutrum. Nunc placerat leo et est rutrum, at lacinia lectus congue. Integer rhoncus lacinia cursus. Maecenas feugiat metus eget sem sollicitudin gravida. Vivamus nec erat massa. Maecenas mauris magna, malesuada at accumsan ac, commodo a nunc. Sed placerat ante libero, in hendrerit nibh rutrum ultricies. Nam a libero sit amet eros aliquam mattis id ac tortor. Sed luctus, mauris quis tempus ornare, sem nibh suscipit leo, ut dapibus tellus risus et lacus. Praesent nec feugiat purus. Vivamus facilisis tristique risus accumsan tincidunt.Pellentesque aliquet ex sit amet lacinia mattis. Vivamus eget feugiat erat, id egestas mi. Nullam non nunc eleifend elit malesuada gravida. Curabitur lacinia quam id tellus congue, a eleifend turpis varius. Vestibulum vitae leo id metus gravida malesuada quis sed lectus. Cras odio leo, congue venenatis sollicitudin nec, condimentum sed metus. Proin ornare velit at elit vulputate, eget condimentum eros aliquam. Quisque tempus nulla ac nulla tristique, a elementum ante placerat. Sed mattis ut nunc sed rutrum. Ut vel massa non est fringilla mollis sit amet in libero. Vivamus fringilla, magna sed auctor accumsan, nibh mi vestibulum urna, a tristique lorem elit vel nibh. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lectus massa, tincidunt eget magna vel, mattis luctus odio. Sed neque lorem, lacinia ut metus quis, porta pretium lorem. Ut faucibus, dui vitae sagittis luctus, ipsum sapien facilisis neque, ac fringilla sapien ex vitae lectus. Curabitur congue risus semper, consequat lacus ut, blandit lorem.Integer ullamcorper felis et dolor rhoncus, vitae cursus elit laoreet. Etiam quis sodales ante. Vivamus tempus massa vitae ipsum ullamcorper varius. Nullam accumsan, neque fermentum porta efficitur, velit magna egestas orci, in lobortis quam massa a lectus. Sed quis suscipit sapien. In accumsan blandit tincidunt. In fermentum vestibulum dignissim. Sed sed velit eget dui tincidunt efficitur. Donec nec lacus quis erat porttitor venenatis.Sed arcu mi, mattis non sollicitudin a, blandit ut erat. Morbi non pellentesque ante. Morbi eget commodo ipsum, at vestibulum sapien. Nam fermentum sapien sed risus euismod, id sagittis quam rutrum. Cras volutpat rutrum consequat. In varius mauris quis nunc tempus finibus. Nam id maximus felis, eu laoreet ligula. Praesent accumsan felis in facilisis interdum. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Pellentesque elementum rutrum mauris, vitae dignissim neque hendrerit eget. Ut in turpis mauris. Morbi aliquet lorem lobortis est rutrum laoreet. Aliquam egestas at nibh nec auctor. Nunc eget maximus nisl. Vestibulum diam tellus, luctus at gravida volutpat, commodo id est.Duis sagittis elementum tellus sit amet consectetur. In dolor nisi, fermentum ac felis eu, semper gravida nunc. Duis a augue id neque suscipit egestas. Morbi lobortis commodo pretium. Phasellus accumsan dignissim volutpat. Nunc placerat lobortis elit, quis ullamcorper sem sagittis eget. Aliquam eu mollis nisi. Curabitur luctus ornare velit, eget luctus dui commodo interdum. Quisque vel metus orci. Phasellus lorem nunc, maximus id posuere ac, commodo nec nibh. Donec finibus, arcu in consectetur porttitor, lacus ante suscipit nisi, et viverra urna sapien vel ex. Etiam mattis enim sit amet turpis ultrices laoreet. Sed in finibus mauris. Duis at eleifend lacus. Aenean semper erat urna, pulvinar iaculis felis rhoncus quis.Nuc ucipit sem,Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam suscipit ante ante, malesuada eleifend est efficitur id. In posuere arcu vel nisi congue, eget aliquam urna lacinia. Donec eu ultricies ex. Aenean at nunc sit amet magna lacinia volutpat et scelerisque ligula. In hac habitasse platea dictumst. Quisque eleifend nibh at justo rutrum, vel vulputate diam feugiat. Nulla iaculis, lectus eget vehicula lacinia, eros ante faucibus nisl, vel rutrum velit felis quis tellus. Proin in sem in justo posuere consectetur.Quisque vestibulum quam sit amet gravida pulvinar. Sed semper lorem eu rutrum varius. Sed feugiat porta felis ut ultricies. Nulla ac mollis lectus, id venenatis dui. Pellentesque in tristique magna, eu ultricies diam. Aenean sed quam arcu. Fusce pretium tincidunt ultrices. Sed eget pulvinar ante.Aenean elementum nisl vitae sem tincidunt, in sagittis velit euismod. Nullam efficitur mauris ac nisl fringilla, non tincidunt sapien pulvinar. Mauris in leo vel nunc gravida ullamcorper. Cras dignissim lobortis est, id egestas massa elementum non. Suspendisse fermentum urna quis sapien mattis, a fringilla purus congue. Cras malesuada scelerisque eros eget facilisis. Orci varius natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Donec congue turpis ex. Mauris aliquet aliquet ipsum eu feugiat. Nullam dapibus sem nec mi viverra, sed elementum velit tempor. Pellentesque et eros vehicula, luctus ante ut, egestas diam. Interdum et malesuada fames ac ante ipsum primis in faucibus. Quisque dui velit, egestas vel auctor at, scelerisque et diam. Donec consequat justo a tincidunt molestie. Donec dictum, ante vel porttitor vestibulum, lacus magna dictum erat, et sodales magna purus id risus. Donec cursus malesuada elit, non vestibulum nisl eleifend vitae.Maecenas vitae urna urna. Etiam id pulvinar massa. Vestibulum quis risus tellus. Pellentesque congue rhoncus nisi. Suspendisse tincidunt venenatis sapien id tristique. Nunc sed cursus odio, nec egestas sapien. Mauris eleifend nisi eu felis mollis laoreet. Cras in nunc sed nulla volutpat scelerisque. Aliquam ac dolor egestas, dapibus nisi ut, viverra nunc.Proin vel vulputate urna. Sed efficitur tempor lectus, nec lobortis libero consequat quis. Donec dapibus tempor massa vel porttitor. Sed convallis eros id dolor rutrum, non tincidunt enim egestas. Sed dapibus sem eu consectetur ultricies. Donec non dapibus libero, non congue arcu. Proin malesuada ligula et faucibus semper.

Continued here:

You Will Miss Huge Gains by not Buying Oryen (ORY), Binance Coin (BNB), Litecoin (LTC) and Cardano (ADA) - CoinChapter

Last updated 7th Oct 2022

Litecoin has now been one of the most popular cryptocurrencies on the market for a very long time. It has a great brand image, along with sustained popularity and a valid use case. Often dubbed as the silver to Bitcoins gold it shares many of the same characteristics as the current no.1 crypto but with some of its own unique features too.

One of the most significant features that these two crypto-assets share is they undergo a process called Halving. Halving can have a dramatic effect on price predictions, miner activity, and the inevitable hype that surrounds a cryptocurrency.

Halving is definitely a concept that everyone wanting to learn about crypto should understand, so we have created this easy-to-follow guide to explain what Litecoin is, how Halving works, and the effects this can have on markets and miners.

Founded in 2011 by former Google engineer and software developer Charlie Lee, Litecoin enjoyed success as one of the most popular Altcoins on the market. After his time at Google Charlie Lee also worked as a director of engineering at Coinbase and was one of the first employees that the company had. His experience in the crypto space then led to the creation of Litecoin with a vision that was very similar to that of Bitcoins.

In fact, Charlie Lee launched Litecoin with the aim to be different from many of the pumps and dumps found on the market. It was unique in the way that no developers received any LTC before its ICO and similarly, there was no pre-mine.

The vision of Litecoin was essentially to be a light version of Bitcoin. If people viewed Bitcoin as virtual gold then Litecoin would be a virtual silver, facilitating cheap and faster transactions than the slower jugunaught that Bitcoin is. Litecoin also differed from BTC in its mining algorithm; instead of the SHA-256 proof-of-work system that would require miners to have specialized hardware, Litecoin would be able to be mined on any regular computer.

This is certainly a valid use-case as even today we see protocols competing to lower transaction costs and increase throughput whilst still keeping the principle of decentralization intact. In tandem with this Litecoin had a capped supply that would be halved every 4 years, just as Bitcoin. This seemed a sure-fire way to protect the value of LTC over time and mirror the deflationary characteristics of Bitcoin.

To understand what halving is we must first touch on mining. Mining is the process of contributing to the decentralized network that supports a protocols ecosystem and receiving financial rewards for doing so. People often dont understand how a network can be decentralized, and offering rewards to miners for providing that physical infrastructure that a network need is exactly how it works.

Litecoin uses a proof-of-work system that essentially means miners must solve complex mathematical equations to create a block. This block is then verified if solved, meaning it has become a verified part of the blockchain it supports and now further blocks can be built on top of it. Creating blocks is costly due to the computer power required, so miners receive rewards for doing so in the form of the native currency - in this case in LTC.

Halving is the deflationary element of the Litecoin ecosystem. It is an inbuilt function within the network that means every four years the rewards miners receive for mining blocks will be cut in half. Of course, this is not ideal for miners but in terms of tokenomics, it helps to reduce the supply of new coins. This essentially increases the value of those LTC that can be mined as now there are half as many available; this can also have a direct impact on the market price of the coin as speculators can see that there is no dilution of value. Essentially, it's a control on the supply.

Halving can have a dramatic impact on price and this is certainly the area most looked at. If the supply of LTC is reduced then usually you will see a correlative effect of an increase in market value. Vise versa, an increase in supply is usually coupled with a decrease in market value. There are also clear patterns to be seen in any halving period with the market price. Usually, miners will increase their workload before the halving period thereby reducing the market value of the asset in question. Following this and the subsequent halving prices will begin to stabilize, and can even dramatically increase under some circumstances.

The first Litecoin halving occurred in August 2015. Originally rewards for miners per block were 50 LTC, this was therefore reduced to 25 LTC. The valuation of LTC slightly rose in the period before the halving, before dropping slightly and then leveling out after the halving had taken place. LTC had previously reached highs of $32 before this first halving but seemed to then level out around about $4 after it.

Within the time between the first and second halving, LTC had significantly changed. What was around a $4 coin at the time of the first halving had now reached far over $250, so the economic environment had changed significantly. August 2019 saw the second halving take place which reduced the miners reward down to 12.5 LTC. Since this event, LTC has somewhat stabilized at its $100 support level having fallen steadily for the past four months.

Litecoins next halving is supposed to take place in August 2023 and will see the rewards for miners drop again by another 50% to 6.25 LTC. The general consensus of the crypto community is that the price of an asset will rise after a halving - but this is somewhat up for debate.

While in theory, a halving should increase the value of an asset this does not seem to always be the case in practice. We have seen with Litecoin that its halving is not necessarily the biggest catalyst in its price change. In fact, after being designed as the silver to Bitcoins gold, it seems that the BTC price is the biggest catalyst for LTC price change.

The price of an asset is determined by two factors: supply and demand.

While halving does clearly have a part to play in this there are too many other contextual factors at play that also could influence this.

Halving is an integral part of the Litecoin ecosystem; it is one of its core tools to regulate the supply of the coin and ensures that it isn't unlimited as is with some fiat. As well as this critical aspect of tokenomics it also acts as a reward system for the people that help provide the infrastructure for the Litecoin network: miners. Halving directly affects miners due to the 50% reduction of their reward for creating blocks but in tandem helps balance the financial ecosystem of the network.

While halving is theoretically supposed to lead to an increase in the value of an asset we have seen this is not historically the case with Litecoin Halving. In fact, it seems that its relationship to BTC is a much more prevalent factor and should be viewed as more meaningful than the 4-yearly halving cycle of Litecoin. We can therefore conclude that the upcoming Litecoin Halving in 2023 is unlikely to dramatically influence the value of LTC.

Can I mine Dogecoin and Litecoin at the same time?

Yes. Dogecoin is mergemined with LTC which means it is possible to mine two coins simultaneously, without requiring any extra computing power. This partnership was made to avoid Doge holders manipulating its market value.

What happens when there are no rewards for miners?

This is one of the most interesting questions in the crypto community. Technically speaking, miners will no longer receive rewards for their services in the form of new supply coins, but instead with transaction fees.

Will the value of Litecoin go up after its halving?

Historically, it looks as though Litecoin Halving does not affect the value of Litecoin to a large degree. Instead, it is its close relationship to BTC that seems to be the most significant factor.

Link:

What Is Litecoin Halving - BanklessTimes

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.

While you might not see Litecoin (LTC) in headlines nearly as often as Bitcoin (BTC), its still one of the most popular cryptocurrencies. Its also the oldest crypto after Bitcoin.

As its name suggests, Litecoin was originally created to improve several of Bitcoins perceived shortcomings, such as slow transaction processing speeds and mining monopolies. LTC is built to be used in everyday transactions, whereas Bitcoin has evolved into more of a store of value.

Created by former Google engineer Charlie Lee, Litecoin was one of the first altcoinsa name given to cryptocurrencies other than Bitcoin (and sometimes other than Ethereum).

Litecoin is the second-oldest cryptocurrency, forked from the Bitcoin protocol in 2011, says Jay Blaskey, digital currency specialist at BitIRA. It was engineered to be used for fast, secure and low-cost payments. Think of it as a Bitcoin spinoff.

The goal in launching Litecoin was to improve on Bitcoin in a few different ways. For one, Lee developed a new hashing algorithm for Litecoin called Scrypt (pronounced S-crypt). The simpler algorithm supported Litecoins faster transaction speeds. Bitcoin has a slow transaction processing speed of roughly five transactions per second. Generating new blocks on the Bitcoin blockchain can take about 10 minutes.

This slow transaction speed frustrates merchants who want to accept Bitcoin as payment. You can wait up to an hour, on average, for the six confirmations required for a Bitcoin transaction. Imagine buying something online using a credit card and being on that your transaction is processing screen for an entire hour.

Litecoins transaction processing speed, on the other hand, is 54 per secondand new blocks on the Litecoin blockchain can be created about every 2.5 minutes. While Litecoin still requires a minimum of six confirmations from most exchanges to be considered irreversible, peer-to-peer (P2P) crypto payment networks can often settle Litecoin transactions almost immediately.

The improved transaction speed was meant to prove to merchants that they no longer had to be frustrated by Bitcoins long settlement time. Instead, they could accept Litecoin and settle payments faster and, therefore, conduct business more quickly and at speeds more on par with other digital payment methods.

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Litecoin shares several similarities with Bitcoin. Both are open-source projects that use proof of work to verify transactions.

But Litecoin has some notable differences from Bitcoin, too. Besides processing speed, theres the issue of supply. While Bitcoin is capped at a maximum supply of 21 million coins, Litecoin is capped at 84 million coins.

Litecoin miners solve complex mathematical problems called hashes to earn the right to record new transactions to the blockchain.

The blockchain cannot be altered once a block is closed. As a reward for being the first miner to correctly solve the hash associated with a transaction via the proof of work consensus mechanism, the miner receives 12.5 LTC.

Litecoin mining operations arent something youll typically see running on a computer out of someones living room. Solving hashes requires immense computing power, which requires significant energy and space.

In fact, the lions share of Litecoin mining is performed by mining farms and pools of crypto miners using sophisticated hardware.

To help control Litecoins supply, Litecoin halves just like Bitcoin.

Litecoins supply is capped at 84 million coins. Yet when miners add a new block to Litecoins blockchain, theyre rewarded with newly-generated LTC. This could indefinitely increase the supply of Litecoin if it werent for halving.

Through halving, the miner reward for successfully recording new blocks to the Litecoin blockchain is decreased (halved) at regular intervals. In Litecoins case, its every 840,000 transactions. So when Litecoin first launched, the miner reward for adding a new block to Litecoins blockchain was 50 LTC. Over the past few years, that reward has decreased via halving to 12.5 LTC as a block award.

The next LTC halving is expected to happen in 2023.

Litecoin is highly liquid, which makes it a crypto for easier trades. In fact, Litecoin holders will find that merchants such as Newegg, SlingTV and even nonprofits like the American Red Cross are happy to accept their cryptocurrency.

You can also use digital currency apps like BitPay or CryptoPay to make a payment using LTC. If you want to use LTC for P2P payments, you can use the Binance app to pay someone with LTC.

From the get-go, without any additional tech layers added on top of the Litecoin blockchain, its a faster cryptocurrency to transact than Bitcoin, and it does so more cheaply.

At the time of this writing, Bitcoin transaction fees were significantly higher, at around 3.92% on average, compared with Litecoins transaction fees of roughly 0.06%.

In 2017, Litecoin creator Charles Lee divested himself of most of his Litecoin holdings, citing a conflict of interest, and Lees action caused some loss of faith in the crypto.

Something that caught the investors eye and had an impact on the investors confidence is that in 2017, Charles Lee, Litecoins founder, has sold his stake in Litecoin, says Claudiu Minea, CEO and co-founder of SeedOn, a blockchain-based crowdfunding platform.

While designed to have a faster TPS than Bitcoin, Carlos Gonzlez Campo, research analyst at 21Shares, says, Layer-2 solutions on top of Bitcoin like the Lightning Network have both sped up Bitcoin transactions and potentially diminished the need for Litecoins use case as a faster payment network.

There are also newer cryptocurrencies with faster TPS speeds. These include EOS at 4,000 TPS, XRP at 1,500 TPS and Cardano at 257 TPS, to name just a few.

While Litecoin remains one of the most-traded cryptocurrencies, does it make for a sound crypto investment?

Blaskey of BitIRA says that Litecoin might be a fit for a seasoned cryptocurrency investors portfolio who appreciate its staying value and flexibilityespecially those who want a combination store-of-value asset with the side benefit of convenient transactions.

Litecoin could be a decent place to place a small stake to get used to the ins and outs of crypto trading for the newer crypto investor, some experts say.

On whether LTC is a good choice for your wallet, Minea surmises, There are other blockchain competitors that people can choose from, however, Litecoin still remains a relevant choice.

Before you invest in Litecoin, learn how to buy Litecoin and read up on cryptocurrency wallets. Speak with a financial advisor about how much you could realistically invest in cryptocurrency based on your unique financial goals.

Link:

What Is Litecoin? How Does It Work? Forbes Advisor

Litecoin has always been an asset that neither shines too brightly nor does it disappear after a while.

Just existing in the background, LTC has managed to sustain itself through the changing markets and demand of the investors. This is how today, it is beginning to garner more attention from investors.

Although this year did not start with a bang and only worsened as time went by, LTC still managed to amass investors. In fact, more people joined the network and the asset post-Mays crash than before it.

Between January and May, about 1.3 million new individuals became investors, taking the figure up from 4.26 million to 5.51 million in five months.

However, right after May and up until the time of writing, about 1.24 million new investors had been added to the network. Thus, what it took Litecoin five months to achieve previously only took two months this time around.

As mentioned previously, this, despite the fact that in the last three months, LTC has lost much more than anticipated. The altcoin, which was treading close to the downtrend line for the entirety of five months between November 2021 and April 2022, slipped far beneath it during Mays crash.

Also, although it did recover considerably since the crash, it is yet to breach through it and close above it.

This is where things might get a little tricky since LTC is very close to the point of a trend reversal. This, thanks to buying pressure generated by the bullishness of these investors.

The Relative Strength Index (RSI) clearly underlined that LTC is very close to the overbought zone. Historically, this has been the point after which the altcoin has seen a fall on the charts.

Fortunately for Litecoin, the volatility is not too high at the moment. This means that all and any growth noted over this duration will be sustainable, provided the broader market does not descend into another crash.

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Litecoin: Here are the odds on LTC emerging as investors new favourite - AMBCrypto News

The role of timing cannot be understated within the digital asset space. Investors who move quickly and join projects in their early stages of development often see far more profits than investors who join already established projects. It is for this reason that Uniglo (GLO), Litecoin (LTC), and Cronos (CRO) potentially offer better returns and thus a better investment opportunity than Bitcoin (BTC). When considering potential returns, investors must always bear in mind the total market cap; the larger this grows, the more difficult it is for a coin to put in significant gains. As the market cap grows, so does the capital required to significantly increase it, following the economic principle of diminishing returns. Uniglo (GLO)Uniglo is yet to launch on the open market, and this relatively small cap crypto is still in its initial presale. Investors have the opportunity to join this social currency at the ground level. Uniglo is introducing stability and appreciation in times of dire volatility. It does this through its Vault, which will hold a blend of NFT, digital, and real-world assets supporting the floor price of GLO and exposing the investor to a broad range of securities. This diversification reduces overall risk and improves long-term portfolio performance. Litecoin (LTC)Litecoin was built based on Bitcoin with a few tweaks to ensure it could provide faster and lower-cost payments. It is one of the only complimentary digital assets in the sphere, designed to be silver to Bitcoins gold. Most of the breakthroughs for the Bitcoin network have first been deployed on Litecoin.Relatively, compared to BTC, this smaller cap crypto has far more room for growth. Having survived numerous market cycles and consistently put in new ATH (All-Time Highs), it is an often forgotten token that investors should follow more closely. Cronos (CRO)CRO is the native token of the Cronos Blockchain and the utility token of the popular cryptocurrency exchange Crypto.com. It was created to help further adoption and introduce more ordinary market participants to digital assets. CRO is highly similar to BNB in many regards, and both of these exchange utility tokens are tied to the performance of their exchange. Crypto.com continues to expand rapidly, and offering one of the simplest ways to invest in cryptocurrencies, CRO will inevitably appreciate as adoption swells.Bitcoin (BTC)Bitcoin is the king of digital assets. Frequently referred to as digital gold. Early faith in this project made plenty of ordinary people obscenely wealthy. BTC trades at $23,000 and has recently broken out of a bearish trend. Whether this becomes the start of a new bull rally or is just a bear market relief rally waits to be seen. Final ThoughtsBitcoins total market cap sits close to $450 billion, the necessary injection of capital to dramatically increase this is insane. For this reason, investors searching for the greatest returns are often better served by looking to lower cap crypto projects and sharing in the journey upwards. Find Out More Here

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Why Could Uniglo (GLO), Litecoin (LTC) Or Cronos (CRO) Be A Significantly Better Investment Than Bitcoin (BTC)? - Outlook India

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.

This week, we posed the following question to over 1,000 Benzinga visitors on altcoin investing: If you had $100 right now, would you put it on Dogecoin DOGE/USD, Bitcoin Cash BCH/USD,Ethereum Classic ETC/USD or Litecoin LTC/USD?

See Also: Ethereum Vs. Ethereum Classic

Price Action: Original meme cryptocurrency Dogecoin is higher by 3.5% at $0.071 at the time of publication.

Bitcoin Cash, which came came about after a disagreement arose about Bitcoin's block size, is trading higher by 1.6% at $149.26.

Ethereum Classic, the original version of the Ethereum blockchain, is up by 1.6% at $40.00.

Sometimes referred to as the silver to Bitcoins gold, Litecoinis up by 2.7% to $62.86.

Earlier in July,Dogecoinco-founderJackson Palmershowed compassion toTesla IncTSLA CEOElon Musk.

In a tweet, Palmer slammed video hosting platform YouTube for failing totake action against Livestream scams using Musk. Palmer could locate several scam streams using a simple name search... Read More

This survey was conducted by Benzinga in July 2022 and included the responses of a diverse population of adults 18 or older.

Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 1,000 adults.

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If You Had $1000 Right Now, Would You Put It On Dogecoin, Bitcoin Cash, Ethereum Classic Or Litecoin? - Benzinga