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I wrote this last Tuesday, but held off publishing because no exchanges actually allowed Litecoin Cash LCC deposits, making this process pointless. Many in the cryptocurrency community consider forks like these to be simple cash grabs at best, and potential scams at worst. But in the meantime, those of us holding Litecoin at the time of the fork now also have some Litecoin Cash 10x as much, to be exact—if you had 10 LTC when the fork occurred, you now also have LCC.
No doubt most of you have been following the explosive increase in cryptocurrency valuations over the past month. Litecoin has similarly more than doubled in value. Less than a month after I published my correction predictionprices started to decline, and a few months later they were back to roughly pre-bubble levels.
Lots of folks that bought BTC or LTC during the insane price run-up decided to panic sell on the way down, and some litecoin price lost a considerable amount of money. A recent press release hinted that Coinbase might be eyeing LTC, but this is the first time Armstrong has publicly acknowledged litecoin price plans. No time frame was mentioned, but this is good news for Litecoin regardless! Coinbase is widely regarded as the premier Bitcoin exchange.
Last July, they added support for Ethereum, prompting many to wonder when or if support for Litecoin was coming. The press release seems to be confirmation that Coinbase is at least laying the groundwork for LTC support. Forbes published an article today that highlights the tremendous earning power of Litecoin for anyone that had the foresight to buy-in a year ago—it handily beat out top stocks, gold, and even Bitcoin to earn its spot as the top investment of The best way to spend a c-note on January 1, was on competing cryptocurrency Litecoin.
No doubt many of you did tremendously well with Litecoin last year. Hopefully will continue the trend! There will very likely be a correction at some point in the near future. In my opinion, before these kinds of valuations are justified, we need to see far more acceptance of cryptocurrency from litecoin price , and we need consumers that are willing to actually spend their coins on everyday purchases—instead of hoarding them in the hopes of a litecoin price payday. In the case of altcoins, we also need better support from the major trustworthy payment processors and exchanges.
Progress is being made on all fronts, but we have quite a ways to go. Trying to time the market requires a lot litecoin price luck, and will likely result in regret for most of those that litecoin price it.
If you agree that Litecoin has a potentially bright future, then the best move for most of you is to simply not panic when the inevitable correction happens. Litecoin price calm and continue mining. Looks like Max Keiser agrees with my long-term prediction for Litecoin.
Read on litecoin price a basic guide on litecoin price to safely sell your LCC. Is this another cryptocurrency bubble? Coinbase to finally offer support for Litecoin? Litecoin performance over the past 24 hours on btc-e. Optimization Categories Deals Guides Hardware Mining News Uncategorized Tags altcoins bbc bitcoin btc cgminer cgwatcher claymore cnet coinbase coinlab colbert DIY dwolla environment eth ethereum forbes fork guide hack hardware how-to khan academy linux litecoin litecoin price mcxnow mining money mtgox notroll.
In MayLitecoin became the first of litecoin price top 5 by market cap cryptocurrencies to adopt Segregated Witness. In Februarythe EU online retailer Alza. From Wikipedia, the free encyclopedia.
Litecoin Official Litecoin logo. Archived from the original on Retrieved 24 April Litecoin surpasses billion dollar market capitalization".
Retrieved 12 May A guide to some other cryptocurrencies". A decentralized ledger of shared computational resources" PDF. These hash functions can be tuned to require rapid access a very large memory space, making them particularly hard to optimize to specialized litecoin price parallel hardware. Ethereum Ethereum Classic KodakCoin. Dogecoin Gulden Litecoin PotCoin. Dash Decred Primecoin Auroracoin. Proof-of-authority Proof-of-space Proof-of-stake Proof-of-work system.
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In other projects Wikimedia Commons. Litecoin price I wrote this last Tuesday, but held off publishing because no exchanges actually allowed Litecoin Cash LCC deposits, making this process pointless. Wikimedia Commons has media related to Litecoin.