The crypto market remains volatile, with analysts actively trying to seek insight into its next moves. Litecoin now appears ready for a notable correction. Such a move could set off a similar drop in Bitcoin and other cryptos, as it has done before. LITECOIN MAY OFFER CLARITY TO UNPREDICTABLE MARKET As crypto traders attempt to find patterns in the present market environment, many look to altcoins which have lower liquidity and tend to be traded […]
Prominent crypto personality and Litecoin founder Charlie Lee recently railed on DeFi after a vulnerability was exploited on one protocol over the weekend. Here’s why he is wrong, and DeFi is here to stay. DeFi Protocol Exploited Unfortunately for decentralized finance platform bZx, their Fulcrum exchange was temporarily exploited while the team was due to present at the weekend’s ETHDenver conference. At the time of writing bZx was still having issues with flash loans andRead More
After a brief dip below $9,800, Bitcoin is again moving up. It has passed $10,400 over 24 hours with all signs pointing toward greater gains in the days ahead. OPTIMISM IS GROWING FOR MORE BITCOIN GAINS With the second break above USD $10,000 in two days, analysts are no longer debating whether or not Bitcoin is recovering. Discussion has now moved to how high the price may rise before reaching a ceiling. The price surgeRead More The post appeared first on Bitcoinist.com.
Proposals to distribute crypto mining rewards to project development have been coming thick and fast recently. Zcash is the latest community to agree to do this and the privacy token is surging today as a result. Crypto Mining Rewards Redistributed A group that supports the development of Zcash announced that the community has voted to distribute 20% of the ZEC mining rewards back into the development of the project. Electric Coin Company (ECC) recently tweetedRead More The post appeared first on Bitcoinist.com.
One of today’s biggest movers on crypto markets is Litecoin. LTC has been relatively quiet in recent weeks when its big brother has taken the limelight, but today it has surged to $70. Crypto market momentum is still building as we round out another week. A further $10 billion has been added to total capitalization taking it to a four month high of $263 billion. Bitcoin has grabbed another couple of percent in a pushRead More The post appeared first on Bitcoinist.com.
Altcoins are still in the depths of crypto winter no matter which way you look at it. A handful have performed better than others, and new research has revealed which ones would have left most investors out of pocket. Total crypto market capitalization has returned to $250 billion today, which is over double what it was in December 2018. However, it is still down 70% from that heady peak of $830 billion in January ofRead More The post appeared first on Bitcoinist.com.
Jesus Rodriguez, of Into the Block, recently published some really interesting data on the UTXO sets of Bitcoin and other leading public blockchains. The data gives excellent insight to the actual way coins are being held and moved around by cryptocurrency users. Analysts Leverage UTXOs to Quantify Onchain Data UTXOs are Unspent Transaction Outputs. The easiest way to understand UTXOs is to imagine a cryptocurrency token as a 5 dollar bill. If you buy aRead More The post appeared first on Bitcoinist.com.
A 1% donation of the block reward to fund Litecoin (LTC) development – this is what Charlie Lee, the coin’s founder, proposes as a solution to underfunded initiatives. Litecoin Miners May Afford to Support Development with 1% Fee Litecoin miners, which also take rewards for Dogecoin and other Scrypt-based algorithms, can afford to share some of their block rewards, commented Lee. 1/ I think a better way to fund development is mining pools voluntarily donateRead More The post appeared first on Bitcoinist.com.
Despite the collapse of crypto markets in 2019, the Litecoin network still saw massive usage which brought its yearly trading volume to over $100 billion. The use of Litecoin lower in 2019 than the year before According to recent data provided by Bitinfocharts, last year saw as much as $100 billion in transactions on the Litecoin network. The amount is still lower from the yearly volume of 2018, although this is mostly due to theRead More The post appeared first on Bitcoinist.com.
There is now enough data to link Bitcoin and crypto price movements to easily quantifiable network parameters. Bitcoin’s Transactions Show Highest Correlation to Prices Transaction counts, active addresses, and price action show a connection for some coins, which explains heightened activity during rallies. A recent report by Longhash suggests some coins may reveal the intentions of their holders, based on on-chain activity. The correlations are visible both for a longer historical time frame and forRead More The post appeared first on Bitcoinist.com.
Litecoin (LTC) is getting more attention at the start of 2020, as the asset may be signaling either an altcoin rally or further Bitcoin (BTC) appreciation. The coin is gaining traction after vaulting the $50 level again. Strong Holders Don’t Rush to Shed LTC In addition to price action, there is a significant haul in LTC remaining locked for a year. The Litecoin network goes through a smaller number of transactions, but there are plentyRead More The post appeared first on Bitcoinist.com.
Last year’s crypto rally which began in April was largely the catalyzed by a major move from Litecoin. Technical signals are now turning bullish for LTC again, so will it repeat the move and boost bitcoin in the process? Litecoin Turning Bullish Litcoin was one of the biggest movers in the first half of 2019. The crypto asset surged 380% from $30 to max out at $145 in a pre-halving pump. It was widely reportedRead More The post appeared first on Bitcoinist.com.
What has been a surprise today are the epic dumps by high cap crypto assets such as Ethereum, BCH, Litecoin, and EOS. Altcoins Nearing Crypto Winter Lows Total market capitalization has dumped by almost $10 billion over the past twelve hours or so. The plunge took crypto markets down to $186 billion, their lowest levels since early May bar the brief dip last month. The calls for crypto winter and another final shakeout have intensified
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The Litecoin network has gone through what looks like a series of “dusting attacks”. Multiple addresses received “dust” amounts of LTC on at least two large-scale occasions in August and November, with other unusual spikes in transaction counts and wallet activity. Dust Attacks Connect Multiple Wallets and Addresses An attack of this type is seemingly harmless, sending a small number of coins to known addresses. But hidden within a dusting attack could be malicious intentions.
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Litecoin (LTC) has a limited potential, and will most probably fail to fulfill its promise of being silver to Bitcoin’s gold. Recent points made by entrepreneur and blogger Sylvain Saurel show that LTC has lost its momentum and is becoming irrelevant. Litecoin Rode on the Back of Bitcoin’s Rally Litecoin caught the price momentum at the right time, and for a long time rode alongside Bitcoin’s fame, commented Saurel. LTC creator Charlie Lee used the
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The claim that hired computing power could “break” the Mimblewimble privacy tool for Litecoin (LTC) is inaccurate, according to a response from the Grin development team. Weakness Did Not Reveal Final Senders or Receivers The Grin team admitted that the protocol held a known weakness, but directing hired computing power from AWS did not constitute an ‘attack’. The analysis of Ivan Bogatyy managed to glean some network data, but the conclusions that the flaw could
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Craig Wright, self-proclaimed creator of Bitcoin (BTC) is no stranger to controversial statements. But his prediction made this time last year certainly stands out as one of his biggest claims. November 2019 Was Supposed to Be the End Back in November 2018, Wright stated in a rather cryptic manner that he had information which would essentially see both Bitcoin and Litecoin “killed”. The claim was part of Wright’s idea that what now trades under the
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Blockchains are entirely transparent when it comes to their daily or even hourly activity. One of the theories for the source of a crypto token’s price discovery is the “network value”, or the transactions carried. Busy Networks Don’t Necessarily Command High Crypto Price Recent analysis sees various types of correlations between a token price and the network’s capacity and real-world usage. There is no hard and fast rule to link transaction count directly with the
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Litecoin has just turned eight years old. LTC was launched in October 2011 and has stood the test of time alongside its big brother which spawned the hard fork. Lately, there has been a lot of FUD over the crypto asset, and most of it is completely tenuous and unnecessary. Litecoin Survives 8 Years Cryptocurrencies come and go, some in just a short space of time. The market clearly isn’t big enough yet to support
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Litecoin has recently broken out of a descending channel on the Bitcoin pair and looks poised for a bullish reversal as Bitcoin continues to create lower lows. Traders speculate Bitcoins decline could fuel a Litecoin pump over the coming days. Litecoin 1-Hour Price Analysis On the 1 hour chart for LTC/BTC we can see a wedge type pattern has formed as price levels re-test close to the breakout point of the descending channel which will
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