The Litecoin (LTC) halving is 3 days away. In many ways this can be seen as a test of what might with BTC halving.
Litecoin is a form of digital currency which is created and transferred electronically using encryption.
Like Bitcoin, Litecoin’s transactions are recorded on a public ledger and new coins are created through a process known as “mining.”
The main difference between Bitcoin and Litecoin is that Litecoin is built for speed. This makes it a great choice for quick transactions like payments.
Litecoin was the second most popular cryptocurrency as of 2015 with one coin being worth about $1.50 USD… meanwhile, in late 2017 Litecoin traded between $60 and $95. Oh how times have changed!
Click on any of the sections below to start learning more about Litecoin.
The LTC halvening (the date on which the block reward for miners is cut in half) is less than two months away.
BTC broke $4.2k resistance and then ran hard up to $5k as shorts closed, stop buys hit, and people jumped in. Alts lagged behind, but all things considered, the market had a nice rally.
After almost hitting Charlie Lee’s price target, LTC has gone on to breakout of some key resistance here in 2019.
As you can see in the chart above, the LTC breakout looks solid in terms of price action against BTC.
According to a beam blog post, the Litecoin Foundation approached Beam about possible cooperation to implement Mimblewimble via Extension Blocks on Litecoin.
LTC had been showing strength, perhaps in part due to the LTC + BEAM announcement. That led to BTC breaking short term resistance with a $300 run in the span of 5 minutes.
TRX, ADA, BCH, XRP, and LTC have all had impressive runs recently, as did ETH in its own right. Meanwhile BTC is holding its ground.
In Bitcoin, halving is when block rewards for mining are cut in half. Halving happens at regular intervals based on the Bitcoin protocol.
There was a vulnerability in Bitcoin’s code. Meanwhile, since Litecoin and Bitcoin Cash and some others are based on Bitcoin, they also had the bug. Luckily, the Bitcoin Cash developer who caught the code shared it, and Bitcoin, Litecoin, Bitcoin Cash, and more have all fixed the issue. Other crypto teams who based their code on Bitcoin, like Doge and Verge, have come out to assure people that they never had the vulnerability.