FXOpen Broker

10+ years’
experience in FX

VISIT WEBSITE

Trading Accounts

ECN, STP,
Micro, Crypto

START TRADING

Try Free Demo

Practice Forex trading
risk free

OPEN DEMO ACCOUNT

PAMM Technology

Become a Master
or a Follower

JOIN PAMM SERVICE
Results 1 to 2 of 2

Thread: Litecoin (LTC) Turns Eight Today

  1. #1
    Moderator cool user Resolve's Avatar
    Join Date
    Mar 2012
    Location
    India
    Posts
    33,098
    Thanks
    5,977
    Thanked 2,449 Times in 1,432 Posts

    Lightbulb Litecoin (LTC) Turns Eight Today

    Litecoin (LTC) Turns Eight Today


    Despite attacks, LTC has survived and remains one of the most liquid altcoins.

    Litecoin (LTC) turns eight today, and is just about two years younger than Bitcoin (BTC). Despite some severe price drops, the asset remains at the top, with robust liquidity. The Litecoin Foundation and Charlie Lee celebrated, dismissing talk of insolvency:

    Happy 8th Birthday Litecoin 🥳https://t.co/JOQuTo4OpP
    — Litecoin.com (@LitecoinDotCom) October 13, 2019

    LTC currently trades at $56.98, relatively stable in the past months, though it has dropped to position six based on its market capitalization. LTC fell from above $140 in June, as the much-awaited halving event actually only caused preliminary hype. LTC also slid from 0.01 BTC down to $0.006 BTC.

    But LTC trading volumes also continuously picked up since the lows at the start of 2019. The coin now sees volumes above $2.7 billion in 24 hours. Of those volumes, more than 48% belont go Tether (USDT), with cross-pairings in BTC and Ethereum (ETH).

    More than 116 million USDT flow into LTC directly each day, based on Coinlib data. Another $196 million’s equivalent flow in from BTC markets.

    The Litecoin hashrate remains depressed after the halving, at 290 TH/s, down by half since the summer months. Despite the launch of more powerful rigs, Litecoin’s network is not preferred by miners.

    LTC also sees lowered transaction volume, with around 20,000 transactions per day, outpaced by its competitor, Bitcoin Cash (BCH) with 44,000 transactions per day. Even Dogecoin (DOGE) for now is more active than LTC.

    But because of its widespread acceptance, LTC is also used in a new bout of sextortion scams. Since email servers were trained to scan for BTC addresses, the Litecoin network allows for an alternative, with a relatively safe way to send funds. The finding is further corroborated by the observations of dusting attacks on the Litecoin network. A dusting attack sends a small amount of coins, to confuse connections between addresses.

    In case of a dusting attack, the user is urged not to spend the coins and leave them untouched, to avoid further spreading the confusing connections between wallets. A dusting attack may also reveal the wallet’s owner with further research.

    Source: https://cryptovest.com

  2. #2
    Piplet Svoboda's Avatar
    Join Date
    Oct 2019
    Posts
    8
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Default

    Good to know that. Thanks, it's really useful.

Bookmarks

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Disclaimer
2005-2020 © FXOpen All rights reserved. Various trademarks held by their respective owners.

Risk Warning: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgment as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

FXOpen Markets Limited, a company duly registered in Nevis under the company No. C 42235. FXOpen is a member of The Financial Commission.

FXOpen AU Pty Ltd., a company authorised and regulated by the Australian Securities & Investments Commission (ASIC). AFSL 412871ABN 61 143 678 719.

FXOpen Ltd. a company registered in England and Wales under company number 07273392 and is authorised and regulated by the Financial Conduct Authority (previously, the Financial Services Authority) under FCA firm reference number 579202.

FXOpen does not provide services for United States residents.

Join us