• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Thursday, August 18, 2022
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

Litecoin has massive fundamentals lined up ahead, says Charlie Lee

19 August 2020
in Litecoin
Reading Time: 3 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT


Litecoin — long called the “digital silver” — has strong developments lined up to ensure the token’s long-term growth, said founder Charlie Lee on Twitter earlier today.

Some of those include a Litecoin-branded debit card, Grayscale’s Litecoin Trust, and the much-awaited rollout of MimbleWimble, the privacy implementation on Litecoin led by Grin developer David Burkett.

Related articles

Binance To Ban Litecoin Transactions With MimbleWimble Upgrade

17 June 2022

Why Litecoin Could Ultimately Benefit From Bitcoin’s Success

20 January 2022

Tons of great Litecoin news recently.
• Litecoin Visa card
• Grayscale Litecoin Trust (LTCN)
• Privacy/fungibility with Mimblewimble testnet soon
• Hashrate up 50% this year
• Transactions up 100% this year
• Total addresses up 400% since Aug 2017
• $500M sent per day
🐔🚀 pic.twitter.com/SK2rL4C0fw

— Charlie Lee [LTC⚡] (@SatoshiLite) August 19, 2020

Fundamental developments for Litecoin

Charlie Lee pointed out the following developments for Litecoin today:

[crypto-donation-box]
  1. Grayscale Litecoin Trust (LTCN)
  2. Litecoin Visa card
  3. Privacy/fungibility with Mimblewimble testnet soon
  4. Hashrate up 50% this year
  5. Transactions up 100% this year
  6. Total addresses up 400% since Aug 2017
  7. $500M sent per day

Together, these represent increasing retail and technical activity for LTC, which serves as a meaningful metric for investors and fund managers to consider the currency as either a viable investment or a long-term currency alternative to fiat money.

Earlier this week, crypto-asset fund Grayscale announced its Litecoin Trust (LTCN), an investment vehicle for accredited investors in the US and worldwide to gain exposure to LTC, without holding the currency itself.

Investors can gain exposure to the price movements of $BCH and $LTC without the challenges of buying, storing, and safekeeping them directly via $BCHG and $LTCN, respectively. https://t.co/96ZSxVomjB

— Grayscale (@Grayscale) August 17, 2020

The Foundation also announced its native debit cards for the retail masses this month, these include innovative ones like the Ballet Litecoin Block card, a .999 fine silver card with a full block reward of 12.5+ LTC.

Today on the #LiteningSeries livestream, we also announced the Ballet Litecoin Block in collaboration with @balletcrypto and @ltcpool.

This is a .999 fine silver card with a full Litecoin block reward of 12.5+ LTC. These are sold for 18 LTC at https://t.co/Pza4neEicW#litecoin pic.twitter.com/kkH8UvN1vM

— Litecoin Foundation (@LTCFoundation) August 11, 2020

Data also shows that LTC transactions, and addresses, have gone up multifold in 2020. This is likely as participants search for a cheaper alternative to Bitcoin and Ethereum, with the latter’s fees reaching almost $50 on average this year.

1/ #Litecoin can handle up to 56 transactions per second

It is currently averaging 0.5 #LTC trx/ps (1 every 2 seconds) & rising steadily over the past 4 months (March was 0.22)

The last time the average trx rate was this high, was early Dec ’17

Cont… pic.twitter.com/Kx0ofnySwP

— David Schwartz (aka – Dasch) (@DaddyCool1991) August 7, 2020

On-chain metrics show growth ahead

As CryptoSlate reported this week, activity on the network is seeing a resurgence amidst a broader bull run in the crypto markets, on-chain data metrics show. The fundamental sentiment is similarly growing, especially as the date for a MimbleWimble implementation draws closer.

Franklyn Richards, the founder of the Litecoin Foundation, said in a tweet that Litecoin’s network activity is continuing to rise as crypto markets prepare to “breakout.”

Cryptohopper
ADVERTISEMENT

Litecoin Network Activity Continues to Rise as Markets Prepare to Breakout. $ltchttps://t.co/k3YZ6E5x3z

— Litecoin.com (@LitecoinDotCom) August 16, 2020

Richards said the transactions:price ratio — which pegs asset prices based on underlying transactions — is currently “undervaluing” the network. He noted the daily network transactions had risen from “20,000/day to 45,000+/day, a drastic increase which gives us the lower, middle, and upper bounds of $52.5, $75 and $97.5 respectively.”

All in all, the strong fundamentals, technicals, and retail offerings up head are positioning Litecoin for long-term adoption, one that it’s holders and believers could stand to gain from.

Like what you see? Subscribe for daily updates.





Source link

Tags: aheadCharliefundamentalsLeelinedLitecoinmassive
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

Price Analysis 8/19: BTC, ETH, XRP, LINK, BCH, LTC, BSV, ADA, BNB, EOS – Cointelegraph

Next Post

Cryptocurrencies Tumble Most in Two Months as Dollar Jumps – BloombergQuint

Related Posts

Binance To Ban Litecoin Transactions With MimbleWimble Upgrade

17 June 2022
0

The world’s biggest crypto exchange by volume, Binance, published blog post this morning saying they are not going to support...

Why Litecoin Could Ultimately Benefit From Bitcoin’s Success

20 January 2022
0

Litecoin as digital silver next to the thriving Bitcoin digital gold narrative has done about as well as silver has...

Litecoin Lights Up Twitter With Verified Blue Tick Badge

20 January 2022
0

Litecoin was recently verified by Twitter with a blue tick badge on their account. They also posted a tweet to...

Are The Tables Turning? Litecoin Transactions Compared To Bitcoin Are 75% And Growing

20 January 2022
0

Data compiled by @MASTERBTCLTC shows the number of Litecoin transactions is just under 75% of that of the number of...

This New Partnership Will Allow Litecoin Users To Checkout At One Of The Largest U.S. Retailers

20 January 2022
0

Newegg took to Twitter to announce that it is now integrating Litecoin payments on its e-commerce website. The integration comes...

Load More
Next Post

Cryptocurrencies Tumble Most in Two Months as Dollar Jumps - BloombergQuint

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • House Lawmakers Send Letters to 4 U.S. Crypto Miners Asking for Details on Environmental Impact
  • Rarible Proposes No-Fee Bored Ape NFT Marketplace for ApeCoin Users
  • Muse and Their Latest NFT Sales Will be Included in the Music Charts

Newsletter

  • About Us
  • Privacy Policy
  • Contact Us

© 2022 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$45,716.00-1.31%
  • ethereumEthereum(ETH)$3,456.77-0.85%
  • tetherTether(USDT)$1.000.04%
  • binancecoinBNB(BNB)$439.95-1.61%
  • usd-coinUSD Coin(USDC)$1.00-0.21%
  • SolanaSolana(SOL)$128.84-4.73%
  • rippleXRP(XRP)$0.82-1.94%
  • TerraTerra(LUNA)$111.19-1.25%
  • cardanoCardano(ADA)$1.190.55%
  • AvalancheAvalanche(AVAX)$92.73-3.81%
  • polkadotPolkadot(DOT)$22.10-4.14%
  • dogecoinDogecoin(DOGE)$0.144901-0.44%
  • Binance USDBinance USD(BUSD)$1.000.03%
  • TerraUSDTerraUSD(UST)$1.00-0.03%
  • Shiba InuShiba Inu(SHIB)$0.000026-1.07%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$45,705.00-1.34%
  • CronosCronos(CRO)$0.473031-1.56%
  • matic-networkPolygon(MATIC)$1.63-2.68%
  • Lido Staked EtherLido Staked Ether(STETH)$3,455.57-0.80%
  • NEAR ProtocolNEAR Protocol(NEAR)$15.62-3.50%
  • daiDai(DAI)$1.00-0.09%
  • cosmosCosmos Hub(ATOM)$30.76-3.98%
  • litecoinLitecoin(LTC)$123.39-2.73%
  • chainlinkChainlink(LINK)$17.14-5.68%
  • tronTRON(TRX)$0.069912-3.60%
  • bitcoin-cashBitcoin Cash(BCH)$370.86-0.90%
  • FTX TokenFTX Token(FTT)$49.41-1.74%
  • ethereum-classicEthereum Classic(ETC)$45.69-1.36%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • algorandAlgorand(ALGO)$0.88-4.27%
  • stellarStellar(XLM)$0.231372-0.55%
  • leo-tokenLEO Token(LEO)$5.95-0.02%
  • OKBOKB(OKB)$20.68-0.82%
  • UniswapUniswap(UNI)$11.31-3.17%
  • vechainVeChain(VET)$0.076890-1.96%
  • Axie InfinityAxie Infinity(AXS)$63.07-4.37%
  • HederaHedera(HBAR)$0.235142-4.16%
  • Internet ComputerInternet Computer(ICP)$21.47-0.24%
  • filecoinFilecoin(FIL)$24.44-2.18%
  • ElrondElrond(EGLD)$189.04-2.56%
  • decentralandDecentraland(MANA)$2.61-2.92%
  • The SandboxThe Sandbox(SAND)$3.40-2.47%
  • FantomFantom(FTM)$1.52-3.28%
  • moneroMonero(XMR)$214.53-0.30%
  • wavesWaves(WAVES)$37.59-24.48%
  • theta-tokenTheta Network(THETA)$3.76-6.47%
  • cETHcETH(CETH)$69.26-1.11%
  • tezosTezos(XTZ)$3.80-4.12%
  • ApeCoinApeCoin(APE)$11.60-3.99%
  • The GraphThe Graph(GRT)$0.480061-4.90%