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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1309584 times)
burnum
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December 18, 2017, 01:00:34 AM
 #4861

The Cryptocurrency pool of investors is simply growing, new markets are opening up and the UK news site www.independent.co.uk reports that a third of all 18 - 35s are set to invest by the end of 2018 up from 5% now.

I think a move away from the heaviest energy user Bitcoin with its energy-guzzling mining load to lighter greener alternatives like Litecoin and Power Ledger are inevitable.
 
The latest 'Bitcoin News reports that;
"Since January 1, the price of Litecoin has surged from $3.63 to $302, as its market cap increased from below $177 million to $16.4 billion. The market valuation of Litecoin is currently larger than that of bitcoin in the beginning of 2017.

Potential Factors Behind Rally

Over the past 12 months, the bitcoin dominance index has decreased from above 80 percent to 56 percent. Several analysts have attributed the decrease in the bitcoin dominance index to the migration of users from bitcoin to alternative cryptocurrencies (altcoins) such as Litecoin and Ethereum that have significantly lower transaction fees than bitcoin.

At the time of reporting, the median transaction fee of Litecoin is around $0.065.. Due the high transaction fees of bitcoin, many users have started to utilize Litecoin to process cheaper and small transactions.

Bitcoin Fees, a bitcoin transaction fee prediction platform developed by Earn.com (formerly 21 Inc) show that the fastest and cheapest transaction fee is, a recommended fee of around $18."

that's a huge difference in cost to the end user both financially and environmentally.

Litecoin for the future!

LTC is definitely the coin of the future! We can see how it developes and after the lightning network launch we could see as value of Litecoin.
With over $1.86bn in 24-hour trading volume, things are looking pretty good for Litecoin. And it seems fewer people are willing to sell at the current price)

Bitcoin Cash offers similar features and solutions to Litecoin, has the Bitcoin branding and is obviously being pumped hard. How do you see LTC competing against BCH, or do you believe there is room in the market for several transaction focused coins?

Let me answer this.....
 BCH is pretty much Bitcoins bitch, the same branding and the same community and arguably the same damn thing trying to achieve the same goals as Bitcoin and only has a place in the crypto era because it piggy backed into popularity by holding onto Poppa's coat tails, the early adopters of BTC will lead the vote in BCH and the majority of those person's have made it clear over the years that BTC should have some regulation and be incorporated into the well established trading network of the centralized world banking institutions, if BCH was standing on its own without BTC backing LTC would stand taller in the attempt to decentralize the wealth of the world.
The face and founder of LTC has just lately come forward and gave his thoughts on crypto and how he believes it will replace the decentralized dollar (which is really the strongest currency in the world), the supporters that have mined it and traded it for years at low prices have not been doing it only for fun but because they support a decentralized currency across borders that are not backing wars and political bull shit that central banks engage in.

There surely is room in the decentralized market for several transaction focused coins, yet BCH is entering into the centralized crypto realm as the holders push further and further into the worlds mainstream banking infrastructure

Bitcoin and BCH are hand in hand - no denying that - and litecoin is on a different level where it is not selling out just to make a higher value for itself, it is not even in the same race as BCH and is not trying to compete, the whole competition thing in crypto is a BTC thing, there is not a team pumping LTC like the BCH pumpers are doing with their coin, litecoin simply is believed in as being a coin that will not be controlled by governments and can be used anonymously without oversight.


Send me a message if you need me to respond to a post, or just send me some  LTC in an amount that will get my attention = LPaabWwnvPLRbJE8T3wdUihNQbhEv5dEvv
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December 18, 2017, 03:54:16 AM
 #4862

Totally agree, you can feel the fakeness of those BCH pumps with their huge long vertical lines & then sudden massive drops.
And Litecoin is clearly a real, down to earth coin with a mission - that's not to say it can't still be somewhat undervalued - but it is keepin it real.

As for Bitcoin - I sold the last of mine today for Litecoin & Power Ledger due to this >>>

""Bitcoin’s biggest problem is not even its massive energy consumption (bigger than many small countries already) but that the network is mostly fueled by coal-fired power plants in China. Coal-based electricity is available at very low rates in this country. Even with a conservative emission factor, this results in an extreme carbon footprint for each unique Bitcoin transaction"

very ugly for climate change - bitcoin needs to solve that or face an escalating backlash into the future
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December 18, 2017, 04:03:19 AM
 #4863

Totally agree, you can feel the fakeness of those BCH pumps with their huge long vertical lines & then sudden massive drops.
And Litecoin is clearly a real, down to earth coin with a mission - that's not to say it can't still be somewhat undervalued - but it is keepin it real.

As for Bitcoin - I sold the last of mine today for Litecoin & Power Ledger due to this >>>

""Bitcoin’s biggest problem is not even its massive energy consumption (bigger than many small countries already) but that the network is mostly fueled by coal-fired power plants in China. Coal-based electricity is available at very low rates in this country. Even with a conservative emission factor, this results in an extreme carbon footprint for each unique Bitcoin transaction"

very ugly for climate change - bitcoin needs to solve that or face an escalating backlash into the future

I have been playing with the idea of mining something, now i am going to look at how I can mine litecoin (maybe some POWR) using a sustainable off grid energy source, most likely solar, I think coal has a place in the world but I think we can do better.

Send me a message if you need me to respond to a post, or just send me some  LTC in an amount that will get my attention = LPaabWwnvPLRbJE8T3wdUihNQbhEv5dEvv
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December 18, 2017, 06:01:45 AM
 #4864

Totally agree, you can feel the fakeness of those BCH pumps with their huge long vertical lines & then sudden massive drops.
And Litecoin is clearly a real, down to earth coin with a mission - that's not to say it can't still be somewhat undervalued - but it is keepin it real.

As for Bitcoin - I sold the last of mine today for Litecoin & Power Ledger due to this >>>

""Bitcoin’s biggest problem is not even its massive energy consumption (bigger than many small countries already) but that the network is mostly fueled by coal-fired power plants in China. Coal-based electricity is available at very low rates in this country. Even with a conservative emission factor, this results in an extreme carbon footprint for each unique Bitcoin transaction"

very ugly for climate change - bitcoin needs to solve that or face an escalating backlash into the future

I have been playing with the idea of mining something, now i am going to look at how I can mine litecoin (maybe some POWR) using a sustainable off grid energy source, most likely solar, I think coal has a place in the world but I think we can do better.
by my point of view solar is the best for sustainable off grid energy source
its also cheap and also you can see lite coin price is more then 300$
and stable there so mining litecoin is profitable for until
more people will start digging in litecoin algo with more hash power

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December 18, 2017, 06:08:39 AM
 #4865

Most of the investors who are loyal to Litecoin were able to multiply their money many times over. Now the traders are putting their trust more to this coin and will be doing so for many months to come.


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December 18, 2017, 01:40:54 PM
 #4866

hey guys,

With recent ridiculous transaction fees of btc (and also ETH to some extend), do you know if LTC offeres much better fees? I have read the speed is better for sure.

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December 18, 2017, 02:50:37 PM
 #4867

This is by far one of my favorite crypto's the community is a very relaxed community, doesn;'t get in anyones way and minds its own business, and I think that is why it is succesfull.

fuck miners
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December 18, 2017, 03:01:22 PM
 #4868

Coss.io stole my LTC
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December 18, 2017, 03:31:30 PM
 #4869

"Price chart analysis suggests litecoin could soon revisit record highs.
If so, the development would mark a reversal from last week, when the world's fifth largest cryptocurrency reached new heights at $341.80, only to lose ground to bull market exhaustion.
However, most notably, the subsequent dip to $251.22 on Dec. 15 low is now proving short-lived.
As of Monday, LTC is trading back above $300, averaging $320 across global exchanges. As per CoinMarketCap, it has appreciated by 0.4 percent on the day, but the sharp recovery only underscores the market's strong "buy the dip" mentality. "

Seen at: https://www.coindesk.com/litecoin-faces-key-hurdle-push-back-record-highs/
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December 18, 2017, 06:56:27 PM
 #4870

The price of Litecoin is very undervalued and we can definitely expect it to go much higher.
I would be happy if Litecoin stays at around $300-$320 by the end of next year.
next year or this christmas price will be up. well, litecoin going better than others.
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December 18, 2017, 06:57:24 PM
 #4871

Yeap, just curious, will anyone be supporting the development of Fairbrix or you will be doing the development of Litecoin + Fairbrix?
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December 18, 2017, 09:16:37 PM
 #4872

the time right now is like this, trade whatever you want, then buy more lits, its just the end of BTC era, ...at least for me, made 2x 50% in Neo and Quantum, sold them when declining and bought more lights, but i have so fucking hard time seeling lights for any other coins, its like i would be selling something i know it will be high as 1K-2K, before halving...but to buy more lights its ok. so light grow more, but ofcourse not so fast as some 1-5B market cap coin.
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December 18, 2017, 10:49:55 PM
 #4873

We had forecast a range bound trading in Litecoin and that is likely to continue for the next few days. Support exists at the 38.2 percent Fibonacci retracement level of $243.86. Similarly, the bears are likely to offer a strong resistance at the highs of $342.23. The bull run will resume on a breakout and close above the lifetime highs. That will open a target potential of $497.53.
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December 18, 2017, 11:26:42 PM
 #4874

Personal experience making transactions with Litecoin: great. Better can be only Ripple, which is PayPal. However, the transactional cost will be as high as bitcoin's one with the price growth.
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December 19, 2017, 12:06:04 AM
 #4875

We had forecast a range bound trading in Litecoin and that is likely to continue for the next few days. Support exists at the 38.2 percent Fibonacci retracement level of $243.86. Similarly, the bears are likely to offer a strong resistance at the highs of $342.23. The bull run will resume on a breakout and close above the lifetime highs. That will open a target potential of $497.53.

Very good market summary. We just broke 342$ but bears showing strong resistance and price is fighting at 358$. I see double top at 5min. chart so there will be price reversal I hope not for long and good time to fill bags if you are not in the market. Next stop 500$. Finally, Litecoin found his share in the market.

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December 19, 2017, 12:12:58 AM
 #4876

1LTC=1BTC
1ETH=2BTC

2020
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December 19, 2017, 06:45:52 AM
 #4877

1LTC=1BTC
1ETH=2BTC

2020

FALSE. LTC is 1/4 of BTC. Confirmed even by Charlie Lee. Will never be 1:1 with BTC. PERIOD.
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December 19, 2017, 10:32:25 AM
 #4878

Personal experience making transactions with Litecoin: great. Better can be only Ripple, which is PayPal. However, the transactional cost will be as high as bitcoin's one with the price growth.

Nope, Stellar is faster but you are correct in that the transactional fee may become  too expensive to be afforded by the average person  if the price grows
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December 19, 2017, 10:41:36 AM
 #4879

I don't understand at each increase why some people start comparing one coin with other based on their own wish without taking in consideration external factors. LTC is increasing that is very good and let's enjoy these times by concentrating on these profits times. Who knows what future holds for anyone.


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December 19, 2017, 12:57:26 PM
 #4880

Litecoin has skyrocketed in value this year with its latest all-time high bringing the altcoin's year-to-date gain above 8,000%.
The digital currency which is very similar to Bitcoin..
rose to as much as $360.93 today according to CoinMarketCap.
Litecoin has been enjoying a continued rising movement this year which has resulted in some very handsome gains.
Bitcoin has had a very strong year climbing from less than $1,000 to nearly $20,000 on the CoinDesk Bitcoin Price Index.
While both digital currencies have have great years Litecoin has risen far more than Bitcoin which has climbed less than 2,000% in 2017.
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