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The currency has been recovering following stability in the cryptocurrency market after the Security Exchange Commission SEC hearing that took place on Tuesday this week. Barely 72 hours after the hearing, a Litecoin fork is in the countdown. The fork will lead to the creation of a new cryptocurrency, Litecoin Cash.

This means that everyone holding Litecoin will be rewarded with 10 times Litecoin Cash. It is still not clear why Litecoin is forking but the developers argue that Litecoin mining is moving fast towards centralization.

We love Litecoin and wanted to give something to the brave holder community. With everyone else too busy forking Bitcoin, we decided that the Litecoin blockchain was a perfect means of initial sic distribution for our coin.

The developers said that Current litecoin price aud Cash will have more benefits to the cryptocurrency holders in comparison to other virtual currencies including Bitcoin and Bitcoin Cash. Litecoin Cash is expected to have 2. It is still not clear what this means to the investors of Litecoin. The price of Litecoin has been up and down since the current litecoin price aud of trading on Friday. If the bulls would continue to buy the Litecoin despite the impending fork.

The price could shoot towards the immediate resistance level. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on current litecoin price aud page are for current litecoin price aud purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

It also does not guarantee that this information is current litecoin price aud a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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