Strong Litecoin Is Vital For Bitcoin
Homepage Resume Book Recommendations Blog For the first time in history in 2017 we've seen Litecoin getting ahead of Bitcoin technologically, offering something Bitcoin didn't yet have (for mostly political reasons) Segregated Witness implementation. For the first time ever it made me think there actually might be a reason for Litecoin existence. A reason that is much deeper than anyone perceived it before. And that reason is that it makes Bitcoin stronger in the long run by creating an duopoly in the cryptocurrency market, where we now have two very similar (in terms of the codebase) currencies. This duopoly, in turn, has distinct characteristics: It's easy for users to switch their savings currency. They go to the exchange and buy LTC for BTC or vice versa, bypassing fiat. This means they get to keep their money safe in their wallets, off exchanges and banks. Because it's easy to switch, this creates a very simple mechanism for the market to vote on changes in either cryptocurrency, without the fear of things accidentally going wrong for some users (as is the possibility with UASF or hard forks). Voting can be done without any kind of signaling. Such voting puts a price on decisions of individuals. Anyone who disagrees with the changes that are accepted by the economic majority is simply left with less money. Also, voting by buying either LTC or BTC avoids the need for shady tokens on exchanges who want to speculate on yet to be made changes and splitting chains. Attempts to infiltrate the community and potentially destroy the currency by pushing decisions about its development become more expensive as you now have to convince two communities instead of one. We've seen this didn't work out with SegWit at all. It pretty much reduces any major argument the community mi Continue reading >>
4 Answers - Which Is Likely To Overtake Bitcoin, Ethereum Or Litecoin?
Which is likely to overtake Bitcoin, Ethereum or Litecoin? And who says any coin will overtake bitcoin? Ethereum has a totally different purpose and builds its own ecosystem so it is basically not competing with BTC at all. LTC has better tech than BTC at the moment, but not even close the reputation of bitcoin. However, if all the scaling tech that is currently being developed for BTC succeeds, than LTC will have a lot of problems justifying its existence. However, I have high respect for Charlie Lee and believe that LTC has a bright future as some kind of a wing-man for BTC. Continue reading >>
Litecoin To Surpass Bitcoin Cash This Year
Litecoin To Surpass Bitcoin Cash This Year Litecoin founder Charlie Lee yesterday tweeted that he expects Litecoin to surpass Bitcoin Cash by the end of 2018. Critics consider the recent hard work by the Litecoin team forging partnerships and pushing for the cryptocurrency to be adopted for use on a number of platforms as a reasonable step towards a potential increase in value. But will it be enough to overtake BCH? Rumours abound that Litecoin is set to launch LitePal later in the year. The proposed service will function in a similar way to PayPal, allowing merchants to process transactions for a small fee, but utilising the Litecoin blockchain instead. Its a bold and innovative step towards pushing LTC into the mainstream, and precisely the sort of move that could kickstart activity around Litecoin, thereby pushing up its value. As the name implies, Litecoin was based on the original Bitcoin, and generally follows the same market principles and trends as the current crypto #1 albeit in a scaled-down way. However, Litecoin has began to offer its own innovation in recent months, and this can only lead to predictable, stable growth, without the sort of volatility witnessed by Bitcoin owners and fans during recent times. A great time to hold, a great time to buy Crypto traders who are currently holding Litecoin are at an advantage, as the currency is predicted by many experts to continue on a slow, upward trajectory throughout the year. Those considering getting in the action are advised to do so sooner rather than later, as further big announcements are expected from Charlie Lee and the rest of the team many of which are being kept tightly under wraps. In short, the worst possible thing to do right now is to offload Litecoin if youve got it, keep it; if you want it, buy Continue reading >>
Charlie Lee: Litecoin To Overtake Bitcoin Cash In 2018
Charlie Lee: Litecoin To Overtake Bitcoin Cash In 2018 On the eve of Litepay release, Litecoin's founder throws down. The founder of Litecoin (LTC) believes it will overtake Bitcoin Cash (BCH) by market cap and that it will happen by the end of 2018. In a tweet posted on Sunday at 5:50 GMT, Charlie Lee, who founded Litecoin in 2011, said it would surpass Bitcoin Cash at some point this year. He also expressed doubt that Ethereums (ETH) total value would ever overtake that of Bitcoin (BTC). The flippening (ETH>BTC) will never happen. But the flappening (LTC>BCH) will happen this year. ???????? pic.twitter.com/vn9XBdZNC3 Charlie Lee [LTC] (@SatoshiLite) February 25, 2018 According to CoinMarketCap , Litecoins total value has moved from $12.7bn on Wednesday to just under $12.1bn at the beginning of Monday: a percentage decrease of 5%. In contrast, Bitcoin Cash over the same four-day period has fallen from $24bn to $19.5bn: a 23% drop. At present, the total value of Litecoin represents 62% of Bitcoin Cash. Although Litecoins value has suffered from the recent slide, with its value tumbling below the $200 mark to $185 by the beginning of Friday, the difference between its market cap and that of Bitcoin Cashs has also narrowed from $11.3bn to $7.4bn. Litecoins value has also recovered over the course of Sunday, with the price increasing from $209 at market open to $221 as of Monday 09:00 GMT. Whilst at Wednesday open, the price of Litecoin was equivalent to 0.16 BCC, this has now increased to 0.19 BCC, making LTC worth just under $221. A former Google software engineer, Lee designed the Litecoin platform so that coins would be released regularly enough to stop them becoming scarce and expensive. Like BCH, Litecoin is a proof-of-work (PoS) cryptocurrency but aims to complete Continue reading >>
Litecoin Beats Bitcoin's Price In 2018: But What Is It? | Fortune
With digital currency Bitcoin taking the spotlight in 2017, its hard to remember the other cryptocurrencies that have been growing in its shadow. An increasingly-prominent example: Litecoin . The fourth largest digital currency by market capitalization has gone positively vertical this year, with Litecoin prices breaching $320 for the first time Tuesday. Since the start of 2017, Litecoin has risen 7,291% against bitcoins 1,731%. So why the rise? There doesnt seem to be a single eventthough the recent surge in interest surrounding cryptocurrencies may have pushed some investors into becoming more adventurous. Some investors may also think the price of bitcoin is overdoneand are seeking other investment opportunities. Meanwhile, Litecoin only became somewhat easier to purchase earlier this year , with Coinbase adding the cryptocurrency to its listing. One of the several clone cryptocurrencies that stemmed from Bitcoin, Litecoin forked off the Bitcoin ledger in late 2011. It was intended to be the silver to Bitcoins gold: a faster, more lightweight version of the Satoshi Nakamoto-created cryptocurrency. Instead of the approximately 10 minutes it takes for a Bitcoin transaction, a Litecoin transaction only takes 2.5 minutes. While making transactions four times faster, Litecoins creator also Charlie Lee quadrupled the maximum number of coins that can be mined. While bitcoin has a total of 21 million, Litecoin totals 84 million. And the total market value of Litecoin is currently lower: $18 billion to Bitcoins $291 billion. It is the fourth largest cryptocurrency market behind Bitcoin, Ethereum, and Bitcoin cash. The higher number of Litecoins, meanwhile, could make it psychologically more attractive to buy small-ticket items using the cryptocurrency. The vision is always I Continue reading >>
Litecoin Price Outperforms But Nears Key Resistance
Litecoin Price Outperforms But Nears Key Resistance Feb 26, 2018 at 13:15 UTC|UpdatedFeb 26, 2018 at 13:33 UTC Litecoin (LTC) is the biggest gainer among the top 10 cryptocurrencies Monday, even as it's inching closer to a key resistance level. As of writing, LTC is changing hands at $228, as per data source CoinMarketCap . The world's fifth largest cryptocurrency has appreciated by 6.83 percent in the last 24 hours, a feat that's notable given other crypto market leaders were hardly ticking up earlier in the day. A look at the individual markets reveals the trading volume in LTC/USDT (the litecoin-tether exchange rate) and LTC/BTC (the litecoin - bitcoin exchange rate) have increased by 12.9 percent and 11.9 percent, respectively. So, it could be said that investors are using alternative cryptocurrencies and bitcoin to accumulate litecoin. The price rise could be also associated with litecoin Founder Charlie Lee's tweet asserting his belief the cryptocurrency could overtake bitcoin cash in market cap this year. Further, Litepay, which will allow merchants and businesses to accept LTC for their services and products, will be launched today, and that seems to have garnered lots of attention from investors. But while the positive news flow justifies the uptick in LTC, price chart analysis indicates the cryptocurrency is nearing stiff resistance zone of $230-$240. The above chart (prices as per Coinbase) shows the hard fork rally ran out of steam last week in the range of $230 to $240. Thus, a convincing break above $240 would signal a continuation of the rally from the Feb. 2 low of $110.20. However, it is easier said than done as the weekly chart shows indecision in the marketplace, despite the bullish doji reversal. As seen below, the last week's candle has a small bod Continue reading >>
Is Litecoin Ready To Overtake Bitcoin By Gaining 30% Overnight?
Is Litecoin Ready to Overtake Bitcoin By Gaining 30% Overnight? There was a time when cryptocurrency was new in the market and people were only interested in bitcoin but as soon as time passing by new coins are launching in the market. Some are for the payment settlement and some are to compete with bitcoin. After bitcoin crashed from $19,000 to $6000, new coins came into the market and took advantage of the situation. Now bitcoin has a value of $10,000 which is still too far away from the previous value of it. Traders and investors who bought bitcoin at the value of $19,000 are still enduring a loss. After a number of regulations and ban on anonymous trading on bitcoin, it was hard for bitcoin to get back to its position and its demand decrease from the market. Bitcoin was known as one of the most used and popular currency in the criminal world but now Litecoin is taking over this place. After regulations, its not possible for the criminals to keep their identity secure so they are moving towards the litecoin now. Litecoin is all set to change the market trend and currently gaining about 30% of increment in the market. After crash of litecoin cash, litecoin made people compulsive with the offer to buy coins. They offered people, if traders and investors are going to buy litecoin then they will get litecash for free. Traders bought litecoin in quantity overnight and this helped litecoin in gaining the 30% of value in just 24 hours. Due to this policy few people are saying that litecoin is ready to take over bitcoin in the market and people will adopt it more and will hold it. The current value of litecoin is $218.90 with the market cap of $12,089,496,527. The volume of litecoin is $2,076,180,000 with the circulating supply of 55,229,408. All we have to see is the situa Continue reading >>
Cryptocurrency News: Will Litecoin Ever Overtake Bitcoin? Experts Reveal Predictions
Cryptocurrency news: Will Litecoin ever overtake Bitcoin? Experts REVEAL predictions Cryptocurrency news: Will Litecoin ever overtake Bitcoin? Experts REVEAL predictions LITECOIN is currently ranked as the fifth cryptocurrency on the market, it has grown more than 3855.16 percent over the past year and has shot from $4.26 this time last year to a price of $168.49. So why has it experienced this remarkable growth and could it overtake the number one cryptocurrency bitcoin? Litecoin was founded in 2011, two years after bitcoin was born. The token is often referred to as the silver to bitcoins gold, as it was launched using the same code as bitcoin and its aim was to improve on the transaction speed of bitcoin. Instead of using bitcoins SHA256 network, Litecoin used scrypt functions which helped to improve transaction speeds. Bitcoin creates a block of information with data encrypted in 10 minutes, whereas Litecoin does it in two and half minutes per block. As a cryptocurrency, it is favoured by traders as it is considered to be not as congested as bitcoin and is a lot cheaper as a result. And experts claim Litecoin has asserted itself as a cryptocurrency which deserves to be in the top five, but does it have the potential to ever overtake bitcoin? Cryptocurrency dark web: Next most popular cryptocurrency among cyb... Litecoin has experienced remarkable growth this year, increasing in price by 3855.16 percent, compared to bitcoins 593.39 percent. Bitcoin has been plagued by extended transaction speeds as users flood the network - many have said it has become a victim of its own success and has become too congested. Despite this, experts do not predict Litecoin overtaking bitcoin any time soon. Bitcoin was the first cryptocurrency on the market so has first advantage and i Continue reading >>
Litecoin [ltc] Is Embroiled In A New Debate
Litecoin [LTC] Is Embroiled In A New Debate Already Litecoin [LTC] commands larger daily trading volumes and has more appeal as a possible payment system. What about Ethereum (ETH] and Bitcoin [BTC]? Its not impossible for LTC to overtake the leading two cryptocurrencies, but that may not be happening in 2018. Short-term, LTC will overtake Bitcoin as a micro-payment crypto. And that is because of Litecoins possible usability for those everyday transactions that cannot withstand Bitcoins slow network. Litecoin has an advantage over Bitcoin that even the harshest critic of this cryptocurrency should be able to acknowledge. That advantage rests on the fact that Litecoin is like Bitcoin, but much faster and cheaper. When taken as payment currencies, Litecoin beats Bitcoin because it is four times faster than the much-fancied bitcoin. And if you are a company looking to integrate crypto payments into your business, then a choice between BTC and LTC should not be a tough one. If Litecoin gets accepted as a cryptocurrency for everyday payments, then the safest assumption to make would be that it will become the top coin in 2018. All indication is that Litecoin [LTC] could be headed for the top spot as the crypto of choice for payments due to these 2 reasons: Litepay and Gemini cryptocurrency exchange. If you are looking for any reason that will make you hodl LTC, then Litepay is the answer. That should naturally lead you to ask the next question. Who is likely to adopt Litepay as a payment channel? Two giant brands in Amazon and Starbucks should convince you if you are already. Global coffee chain behemoth Starbucks revealed earlier in the year that they would be accepting the use of cryptocurrency as a payment method at its numerous stores. It came out then that the company Continue reading >>
Could Litecoin Become Better Investment Than Bitcoin Soon?
Could Litecoin Become Better Investment Than Bitcoin Soon? Altcoins such as Litecoin shows a lot of promise to potentially overtake Bitcoin. Litecoin may just possibly become a better digital currency investment in the future than Bitcoin. Although Bitcoin is currently considered the leading cryptocurrency by market cap and adoption, altcoins such as Litecoin shows a lot of promise to potentially overtake Bitcoin. In fact, Litecoin is now referred to as the silver Bitcoin. While Litecoins conception was heavily influenced by Bitcoin, there are telling differences that separates the former from the latter. Let us compare the two and showcase why Litecoin could give Bitcoin a run on it for its lead. Although both Bitcoin and Litecoin share a deflationary nature, the two have very significant difference in terms of lifetime cap. Bitcoins total amount of lifetime cap is only at 21 mln whereas Litecoin has a limit of 84 mln, which is exactly four times higher. Another advantage of Litecoin when compared to Bitcoin is its block generation speed. Litecoin is four times faster than Bitcoin. It can generate blocks in 2.5 minutes compared to Bitcoin which will take 10 minutes to process. This will be beneficial for investment purposes because users will spend less in transaction fees compared to Bitcoin. Even though the two have the same proof of work concept, Litecoin uses a much simpler algorithm. Litecoins mining algorithm is much easier to run on GPUs thus tends to use less energy which makes it easier for miners to mine. Apart from the above, Litecoin also has the advantage when it comes to scalability. Litecoin is more adaptive to changes and improvements compared to Bitcoin. Its roadmap has also shown that it is currently working on creating a lightning network which will Continue reading >>
Why Litecoin (ltc) Is Destined To Overtake Bitcoin
Why Litecoin (LTC) Is Destined to Overtake Bitcoin Why Litecoin (LTC) Is Destined to Overtake Bitcoin Litecoin (LTC)Charlie Lees sudden selloff. Litecoin price dropping from 380 USD to 150 USD. The launch of Litepay and Litepal. Its been an interesting couple of months for Litecoin. Long heralded as the silver to Bitcoins gold (an analogy propagated by founder Charlie Lee), Litecoin is in a prime position to become a popular and pervasive cryptocurrencyespecially for transactions. Here are just a few reasons why Litecoin is destined to overtake Bitcoin. Litecoin: The Perfect Choice for Commerce Bitcoin is having difficulty scaling to the level needed for general commerce. Fees are high and transaction times have become a barrier to being a usable form of currency. Customers, at least in debit card-centric Western countries, are unaccustomed to paying a fee at all for transactions (of course the bank fee is spread out across the pricing structure, but thats less apparent). While some people see the fees and slow transaction times as a necessary, and worthwhile tradeoff for the many benefits of cryptocurrency versus traditional fiat, something is going to have to change. The market is stagnating at an alarming rate because of the lack of usability with cryptocurrency. People buy Bitcoin and then have nothing to use it on. Cryptocurrency isnt the stock market. The purpose of these currencies is to be exchanged and traded for commerce or utility outside of price speculation. If the industry fails to move towards usability, then cryptocurrency will remain an eccentric addendum to the stock market, with prices built upon empty hype and pump-and-dump schemes without ever establishing its own intrinsic value. Litecoin could be the solution. Litecoin combines all of the benefit Continue reading >>
It's Just A Matter Of Time Before Litecoin Overtakes Bitcoin
It's Just a Matter of Time Before Litecoin Overtakes Bitcoin Bitcoin's reign as the primary medium of exchange among cryptocurrencies should eventually come to an end. Last year, cryptocurrencies put themselves on the map with perhaps the greatest single-year performance in the history of any asset class. After beginning the year with a market cap of $17.7 billion, digital currencies finished 2017 with an aggregate market cap of $613 billion, representing an increase in value of more than 3,300%. 2017 was also the first time we saw a clear bifurcation in purpose among cryptocurrencies . Most have chosen to focus on the development of blockchain technology, which is the digital, distributed, and decentralized ledger underpinning most virtual currencies that's responsible for transparently logging all transactions without the need for a financial intermediary. Blockchain is primarily being marketed at financial institutions, although it has plenty of non-currency applications, too. The other purpose for cryptocurrencies is as a medium of exchange and a replacement for cash. There aren't too many digital currencies focused on securing merchants, but that's exactly what bitcoin, the largest cryptocurrency in the world by market cap, and Litecoin, which I'd consider to be bitcoin's greatest rival , are trying to do. Bitcoin's reign as a medium of exchange appears to be coming to an end Bitcoin was the first cryptocurrency to be traded back in March 2010 and is often credited with bringing blockchain technology into the spotlight. Having a first-to-market advantage has certainly helped with its media exposure and its ability to sign up new merchants. In many instances, bitcoin is the cryptocurrency that investors will need to buy to exchange for less popular digital currenci Continue reading >>
Will Litecoin Ever Overtake Bitcoin?
Today we will be talking about Litecoin and how it compares with Bitcoin. If you are unsure what Litecoin is you can check out this article: Before we talk about the advantages and disadvantages of Litecoin, let us look at the recent performance of Litecoin. On the 9th of June 2017, Charlie Lee announced that he will be leaving his role at Coinbase to focus on the development of Litecoin. Shortly after that, the price of Litecoin has risen to $50. Since then, the price of Litecoin has been fluctuating between $35 and $55. Even though Litecoins price has been fluctuating quite a bit, it is still considered as one of the more stable cryptocurrencies in the market. There is no politics in the Litecoin community Litecoin has no current scalability issues Litecoin can confirm transactions 4 times faster than Bitcoin Charlie Lee (the creator of Litecoin) is involved in Litecoins development full time Charlie lee has a clear vision of where he wants litecoin to go. Read this article about his vision: Without a doubt, there are some advantages with Litecoin but most of the current value of crpytocurrencies is based on speculation. If you go to the high streets, the chance of you finding a shop that accepts Bitcoin is pretty slim and not many big names accept Bitcoin as a payment method. As a result, most people buy Bitcoins and Altcoins for investment purposes. Yes, Litecoin can confirm transactions 4 times faster than Bitcoin which means you can buy things 4 times quicker but in the investment point of view, this not a good enough reason to invest into. With Lightning network, transactions can almost be instant and block confirmation times will not be important anymore. Since anything that can go on the Litecoin network can also be put on the Bitcoin network, it is just a mat Continue reading >>
Litecoin Price Forecast: Ltc Overtakes Bitcoin In One Part Of The Digital World
Home Cryptocurrency Litecoin Litecoin Price Forecast: LTC Overtakes Bitcoin in One Part of the Digital World Litecoin Price Forecast: LTC Overtakes Bitcoin in One Part of the Digital World Palwasha Saaim B.Sc Profit Confidential 2018-02-09T08:28:16Z 2018-02-09 08:28:16 litecoin price forecast ltc price target litecoin news ltc update litecoin update litecoin transaction fees litecoin dark web litecoin bitcoin dark web ltc dark web We examine why Litecoin is beating Bitcoin as the more popular choice for exchanging funds on the dark web. LTC's performance-based lead over BTC makes us optimistic in our Litecoin price forecast for 2018. Litecoin Litecoin is neck-and-neck in a race with Bitcoin. Were on the last lap now and the finish line is very much in sight. For Litecoin, the final milestone to reach is user adoption. In yesterday's LTC update , we shared that this is the final hitch thats keeping this rocket ship from taking off. But a day later, we hear that Litecoin may finally be warming up its engines.In a report published by Recorded Future, Inc., a threat intelligence company, it was revealed that Litecoin is beating Bitcoin as the go-to medium of exchange on the dark web." (Source: Litecoin Emerges as the Next Dominant Dark Web Currency , Recorded Future, Inc., February 8, 2018.)It may seem bizarre at first that we are actually celebrating the shady use of our preferred coin by the illegal market but there's something reassuring about this.For a minute, forget who's using it and focus on the reason why they are using it. It is because Litecoin is ostensibly the best alternative to Bitcoin thats out there.On the dark web, where transactions take place between anonymous parties and theres an obvious lack of trust, payments that take hours or days to settle are in Continue reading >>
Litecoin Booms In February But 'golden' Crypto Takes Price Podium
Litecoin Booms in February But 'Golden' Crypto Takes Price Podium Mar 1, 2018 at 13:30 UTC|UpdatedMar 2, 2018 at 13:38 UTC Dismal? Not quite, but the crypto markets had a rough ride in February. What began with a sell-off in bitcoin, one that pushed the total market capitalization of all cryptocurrencies to a 10-week low of $276 billion, has ended in a seeming recovery , with the total value hitting $450 billion Thursday to end February trading. However, the numbers don't exactly tell the whole story. Comparing performance to January, the market saw a decline of 8.5 percent month-over-month, and a decline of 45.78 percent from its 2018 record high of $830 billion. But that's not to say there weren't gains to be had. Bitcoin (BTC), the largest cryptocurrency by market capitalization, saw a "V-shaped" recovery, while fifth-place litecoin notched monthly gains. Still, it was the lesser-known cryptocurrencies that performed best amid the broad-based gloom and doom, suggesting that after a flurry of retail trading to end 2017, enthusiasts are perhaps once again the dominant market force. DigixDao (DGD), an ethereum-based token, gained a staggering 136 percent last month, rising 90 percent in the last week alone to hit an all-time high of $597.66 Wednesday, according to CoinMarketCap . Courtesy of the meteoric increase, DGD is now the 25th largest cryptocurrency by per market capitalization, putting into large-cap territory. For those new to asset's climb up the charts, the team behind the project are creating a new token called DigixGold (DGX), which will be backed by physical gold. "Every DGX will be backed by 1 gram of LBMA-approved bullion," as per the official website , which claims the coin will be released by the end of the first quarter. Holders of DGD can vote and a Continue reading >>