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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1289909 times)
pthrmsor
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November 23, 2017, 04:01:08 PM
 #4381


Litecoin is heading towards 1000$.
Litecoin is undervalued coin and should go to $100 by the end of this year. Although $1000 seems less likely in near future.

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Mefestofel_Mefis
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November 24, 2017, 08:27:31 AM
 #4382


Litecoin is heading towards 1000$.
Litecoin is undervalued coin and should go to $100 by the end of this year. Although $1000 seems less likely in near future.

For a long term price increase slight pullbacks are required. If we witness ridiculous growth it won’t be sustainable as everybody would worry that’s it’s not going to hold and panic sell. The steady rise of LTC over the last week (well, over the last year) is exactly what will eventually get it to a 3 digit coin and eventually a 4. Once certain things are announced it will jump and hold and steadily rise until something else, then jump, hold (new support) then rise. Just like we’ve seen with BTC being a perfect example.
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November 24, 2017, 09:20:09 AM
 #4383

Litecoin getting rise $73.50 . i think it will be up to $100 soon.
near future it will be on top. litecoin have bright future.
is it right time to buy or i should wait until its price down.?? 
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November 24, 2017, 03:42:07 PM
 #4384

Got into this one when it was at $39 (if i recall)
Holding to it until it reaches 5k! No less...
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November 24, 2017, 09:13:09 PM
 #4385

Today it was announced that Netherlands-based bitcoin exchange BL3P from company Bitonic B.V. went live with litecoin (LTC) support. BL3P is built to cater to European users, thus EUR transactions with LTC will now be direct and more convenient for those who hold litecoin.
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November 24, 2017, 10:56:53 PM
 #4386

it is cheap, but can anybody tell why it's not going up, I mean real reasons, not wishful thinking
The society still does not understand the whole essence of the crypto-currency.

Moй Бoг мeня paбoм нe нaзывaл.
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November 24, 2017, 10:58:38 PM
 #4387

Litecoin Gold listed on poloniex soon hitbit ===>

https://poloniex.com/exchange#btc_emc2

 Cool

weee

#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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November 24, 2017, 11:34:06 PM
 #4388

Koinbi.com would like to welcome Litecoin to its service!

Koinbi welcomes Litecoin to its family of crypto currencies and has opened the order books for Litecoin to be traded!
Our mission at Koinbi is to provide you, the user and trader with a clean, fast and secure platform to trade your crypto currencies.

URL: https://koinbi.com
Trade: https://koinbi.com/markets/ltcbtc
Twitter: https://twitter.com/Koinbi_Exchange
API: https://koinbi.com/api_v2

Thank you,
James and the team at Koinbi.com
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November 25, 2017, 02:57:24 AM
 #4389

It's time for Litecoin to shine. Professional Money Managers are saying Litcoin due to its usage case in the future should trade between 5-10% of Bitcoin at the minimum. Since Bitcoin market cap is 137 billion and holding very tight lets use the mid-point case that Litecoin should trade 7.5% of Bitcoin market cap so 137b *.075 = 10.275 billion market cap, well Litecoin is only  4.2 billion market cap today meaning the price should be about 190 (10.27/4.2=2.44) thus Litecoin is currently 78 so 78 *2.44 = 190. I see people using Litecoin for common purchases not Bitcoin. I see people using their phones in the future to make purchases and not carrying cash. I think this future will start to be factored in right now.

Even if we say Litecoin should only trade 5% of Bitcoin which is very very conservative we get 137b *.05= 6.85b market cap but Litecoin is only 4.2 billion market cap today, thus 6.85/4.2= 1.63. Thus Litecoin at 78 *1.63 =127.  Expect a Monster rally this weekend into the end of the year and well into 2018. Litecoin is way undervalued. Litecoin at 4.2 billion market cap is currently trading only 3% of Bitcoin's 137 market cap which is safe to say way too low for a formidable competitor in the usage case with lower fees and faster transaction times.
I think Professional Money Managers are finally figuring that out this weekend.
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November 25, 2017, 07:36:11 AM
 #4390

LAUNCHED

Download the binaries from: http://litecoin.org
Check out the source: https://github.com/litecoin-project/litecoin
Wiki: http://litecoin.info
Forum: http://forum.litecoin.net/



Litecoin is the result of some of us who joined together on IRC in an effort to create a real alternative currency similar to Bitcoin.  We wanted to make a coin that is silver to Bitcoin's gold.  Various alternative currencies have come and gone.  Some brought innovation, but they all had problems.

  • ixcoin - Nasakioto premined 580k coins. Seemed like a pump and dump. Competed with Bitcoin for GPU resources - Dead (~2 gh/s)
  • i0coin - Basically ixcoin without the premine. Not much support was given to this coin after it was released. - Dead (~5 gh/s)
  • SolidCoin - Innovative quick transaction times. Appears to have been run aground by CoinHunter, its creator, due to insecure changes and immature forum presence. - Dead, shutdown by CoinHunter
  • GeistGeld - Lolcust premined 7.7 million coins.  15 second block time is probably a bit extreme. - Alive, but limping (~15 gh/s)
  • Tenebrix - Lolcust premined 7.7 million coins.  CPU proof of work using scrypt is very innovative.  Price doing fairly well on btc-e.com. - Alive (~0.003 gh/s)
  • Fairbrix - Basically Tenebrix without the premine.  First launch was crippled due to bad config.  Relaunch attacked initially - Doing OK now, but no exchange so far. - Alive, but limping (~0.0001 gh/s)

We wanted the best innovations of Bitcoin and these other currencies to create a coin with all of their benefits, but nearly none of their problems.

Proof of Work

We really liked Tenebrix's Scrypt proof of work.  Using Scrypt allows one to mine Litecoin while also mining Bitcoin.  We humbly offer a big thanks to ArtForz for the implementation.

Premines

Litecoin will come with 150 premined coins: just the genesis block and the first 2 blocks to confirm the genesis is valid.  We believe a coin needs to be released in a fair manner.  Having one person (or a group) control a large amount of coins that can be used as they see fit is against the decentralized vision of Bitcoin.  Yes, it is true that without a stash of premined coins, we will not be able to afford to pay for bounties, but we believe people will see the virtue of this coin, invest in it as early adopters, and will be willing to spend time creating services to make this coin better.

Fast transactions

We were impressed by the convenience of SolidCoin's fast transactions.  Although we know that fast confirmations are not necessarily as secure as Bitcoin's slower confirmations, they are very convenient for small merchants who don't need transactions to be super secure. The average Litecoin block takes 2.5 minutes, one quarter of Bitcoin's 10 minutes.  So if merchants wanted to be as safe as Bitcoin, they can wait for 4 times the number of Litecoin confirmations as compared to Bitcoin. But most merchants can readily accept 1-confirmed transactions for small amounts of litecoins.

Difficulty retarget

We will keep the retarget block the same as Bitcoin's 2016, but because blocks are found 4 times faster, difficulty will retarget about every 3.5 days.  The combination of fast retarget times and Scrypt proof of work (Litecoin will not compete with Bitcoin for miners) means we expect to not see the sort of problem Namecoin encountered; hashing power that leaves more suddenly than it came, causing a high difficulty slog for everyone who stayed.

Coin generation

Miners will generate 50 coins per block.  In light of our faster blocks, to properly mimic Bitcoin's generation trajectory, we needed to change the blocks at which coin generation is halved.  Bitcoin generation is halved every 210,000 blocks.  Litecoin generation will be halved every 840,000 blocks.  For those of you doing the math, Litecoin is scheduled to produce roughly 4 times as many coins as Bitcoin, about 84 million litecoins.

Fairness

We have come up with a plan that we believe is most fair.  Some previous coins were released without Windows binaries or without source code; we consider this as unfair as it is unsafe.

We released the source code and binaries ahead of time... 3 days before launch.  People had time to compile the source and run the client on their machines against the Litecoin testnet.  So people were able to make sure everything was working well before the launch.  We also had a poll so that people can vote for a launch time that best suits them.  At the time of the launch (Oct 12 03:00 GMT), we released the genesis hash and everyone started mining at the same time.  All it took was a simple change in the config file in order to mine the real coin instead of the testnet coin.

51% attack

The problem with alternative currencies is that the network hashrate is likely low when the coin starts up, making an easy target for any potential 51% attacker. With a little hope, a little prayer, a lot of hype, and due to our innovative release, there was a large hashrate from minute one.  We believe this deterred any attackers from targeting this chain.  As expected, there was a lot of natural orphaning of blocks, due to having so many people mining on the chain at once.  With block locking at every difficulty change, we were able to avoid any attacks from succeeding. (if there were any)

Source code

The source code is here:
   https://github.com/litecoin-project/litecoin

This is based on the latest Bitcoin code. You can either build the daemon version (litecoind) or you can build the gui version (Litecoin QT). See the build docs.

Similar to Bitcoin, you may want to create a litecoin.conf file here:
    Windows: C:\Documents and Settings\<username>\Application Data\Litecoin
    Win7: C:\Users\<username>\AppData\Roaming\Litecoin
    Mac: ~/Library/Application Support/Litecoin
    Unix: ~/.litecoin

Port is 9333. Open if on your router if you know how. This will allow you to have more than 8 connections.
And default RPC port is 9332. This is the port miners will use to communicate with your client/daemon.

Sample litecoin.conf file:
Code:
server=1
rpcuser=user
rpcpassword=password

#Change this if you want to use a different rpc port for mining
#rpcport=9332

#Only uncomment this if you are running litecoind and want to run Litecoin in the background (not Litecoin QT)
#daemon=1


So tell us what you think. Come to the Litecoin forums (http://forum.litecoin.net) or drop by #litecoin or #litecoin-dev on freenode IRC to chat.

LitecoinGold is going to go to 10K-50K then come kick your doors down j/k Wink weeee

https://poloniex.com/exchange#btc_emc2


#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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November 25, 2017, 08:08:39 AM
 #4391

Really suprised this is contesting 80.
i was not expecting this at all. Don't expect this to last but if it does all the better!!
$80 soon.
Driendy
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November 25, 2017, 11:01:59 AM
 #4392


Litecoin is heading towards 1000$.
Litecoin is undervalued coin and should go to $100 by the end of this year. Although $1000 seems less likely in near future.

Without the free cash party via bitcoin cash, diamond, iron brick ect .. this coin would have been now at 500$ . BTC is not playing fair. Because the cap is so high now we have those made up schemes to give away money in order to bring new customers. With that every coin will reach summits. LTC should have been now at 500$ in my personal view if the market conditions were fair. This will still happen and 1000$ is well possible as soon as people realise BTC forks are over. Then they will come back to the alts as it was back in April.
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November 25, 2017, 01:18:57 PM
 #4393

digital gold is bitcoin, silver - LTC, bronze DOGE, oil - ETH, gas - DASH, forest - ETC Smiley
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November 25, 2017, 07:08:34 PM
 #4394

digital gold is bitcoin, silver - LTC, bronze DOGE, oil - ETH, gas - DASH, forest - ETC Smiley

Nice association, I suscribe Smiley

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November 26, 2017, 12:23:12 AM
 #4395

digital gold is bitcoin, silver - LTC, bronze DOGE, oil - ETH, gas - DASH, forest - ETC Smiley

And Trash - Bitcoin Cash
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November 26, 2017, 02:54:20 AM
 #4396

ETH - scam!

Moй Бoг мeня paбoм нe нaзывaл.
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November 26, 2017, 08:33:15 AM
 #4397

Litecoin is great silver belong to BTC side

Price is still undervaluated and with lightning network  will prosphere with fast and cheap transactions

LTC = legendary
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November 26, 2017, 01:38:55 PM
 #4398

I also think that right now the market capitalization of LITECOIN is undervalued. It's a fast and cheap transaction sa as well Litnening Network. Transactions are so cheap, which was virtually free to send.

Now the question is when LITEcoin will break 100 and will go on. I think it will be before the new year.

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November 26, 2017, 03:25:08 PM
 #4399

Want to do it before Smiley
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November 26, 2017, 03:29:40 PM
 #4400

I also think that right now the market capitalization of LITECOIN is undervalued. It's a fast and cheap transaction sa as well Litnening Network. Transactions are so cheap, which was virtually free to send.

Now the question is when LITEcoin will break 100 and will go on. I think it will be before the new year.
Nobody care about transactions, tps and other features. People who buy bitcoin for 9000$ don't know what are cryptocurrencies and how they work. 99% of them never read tech specification.

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