[ANN] Litecoin - a lite version of Bitcoin. Launched!

[mich]

Heres some good news for those holding onto LITECOIN:

Litecoin Outperforms Top-10 Cryptos Ahead of August Reward Halving

https://www.coindesk.com/litecoin-outperforms-top-10-cryptos-ahead-of-august-reward-halving?utm_source=twitter&utm_medium=coindeskmarkets&utm_term=&utm_content=&utm_campaign=Organic%20

With the supply of new coins to be halved in less than five weeks, litecoin is outpacing its peers.

The fourth-largest cryptocurrency by market capitalization is currently trading at $123, representing 5 percent gains on a seven-day basis, according to data source CoinMarketCap.

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[Sellman]

I thank you for the given news on coming halving of Litecoin, that will occur in next more than one month (in August), but I think (I could be wrong) that Litecoin has overwhelmingly expected by crypto investors with its coming halving. Let's look at the chart of Litecoin. It has gone a very far journey since late of 2018 till now. Despite of its falls from its latest peak, Litecoin has actually risen exponentially from its bottom, that found in late of 2018. I don't think coming halving might boost Litecoin price up more significantly.

[al7878]

DOGECOIN is now listed on Meroex !!!

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[germsite]

How does halving even matters for litecoin when charlie lee himself thinks this
https://toshitimes.com/charlie-lee-thinks-about-increasing-litecoins-max-supply/

Would it even be possible for him to make that happen? Wouldn't the large majority of miners have to agree?

If there is even serious discussion of Litecoin or any other Crypto including Bitcoin, getting rid of the 21 million limit, I will cash out to USD ASAP.

I mean, if that is the case, the jig is up and crypto is simply being manipulated like the usd currency by the Federal Reserve.

Again, I'd be so out so fast into USD.

Brad

That doesn't really answer my question, but what fo you think if LTC would increase its supply significantly?

I thought I was kinda obvious my last post. This would be as they say, " A very, very bad thing'

It would be Litecoin's Death, for most folk in HODL mode, it would destroy Litecoin.

Without a 'firm amount of Litecoin' and, by increasing the Litecoin coin capacity firm ceiling on the amount of Litecoin over 21 million, well, Litecoin would be no more!

I'd dump it all on finding such out the same day.

Folks would probably then go back to Bitcoin with a 21 Million Cap on Coin. No one is that stupid to hold a pow coin, where they raise the coin cap after the fact!

This would be bad. Very Bad.

Brad

I agree with you, but still I thought it is probably impossible to increase the supply because you would have to convince the miners. That's unlikely since they would have to undermine their own business to some degree.

That would be on top of the other LTC Miner difficulties of well, of course, the hash-rate difficulty that eventually kills their dream and then, of course, the halving..which rips out the

LTC Miner's heart every 4 years.

You add on doubling the amount of coin allowed to exist, there would not be enough microwave towers for the miners to jump off of! (Just saying: This would be a

a bad thing, increasing the amount of coin, 'cheat' changing the rules in the middle of the game after years, folk would beyond freak out!

Exactly, it is a little bit similar to the Bitcoin rollback that CZ from Binance proposed when they got hacked. However, I saw a video about that and it was said that that rollback would have never been possible in reality.

Honestly, I think this is just a click-bait of toshtimes.com. In the interview Charlie Lee said the following:

It’s hard to say what will happen when it starts reaching the limit. Right now, the coin is working, Bitcoin and Litecoin are working because the mining reward is paying for the security… When you rely on fees and if the fees aren’t enough because the block size is constrained, then what happens? The security will drop. Is it better to have some small inflation every year and have that fixed and have that pay for the security or can transaction fees pay for security?

That is, we are talking about the time when 64 (if I read the LTC sources right) halvings have occured which is when the block reward goes to 0 and is not halved anymore:
https://github.com/litecoin-project/litecoin/blob/master/src/validation.cpp#L1164-L1167:

Code:

    int halvings = nHeight / consensusParams.nSubsidyHalvingInterval;
    // Force block reward to zero when right shift is undefined.
    if (halvings >= 64)
return 0;

As this is only the 3rd halving coming up now, we have 60 to go, which translates roughly to 96 years to until reward is 0.

Honestly, I couldn't care less about that timeframe.

(All assuming my first grade math above are not completely off the rails, feel free to correct me if I made a stupid error in my calculations)

It looks correct, but the more interesting maths would be to see how much LTC needs to be taking into account technology and required network growth factors in order to cover the mining costs from the block reward + transaction fees.

[Mihawk]

Will LTC lead the delayed altseason? Or this year even with the halving we will not have surprises?

[big_daddy]

Will LTC lead the delayed altseason? Or this year even with the halving we will not have surprises?

after the halving, has to gain more value, or there will be less hash support, cause the mining will be not profitable at all
and it could be a leader of the alt season with ethereum a side

[igorttomic]

SPEDN by Flexa - Starbucks, Whole Foods and other retailers now accepting LITECOIN payments: https://www.publish0x.com/mamaecrypto/spedn-flexa-starbucks-whole-foods-and-other-retailers-now-ac-xnqoro

[XCASH]

Will LTC lead the delayed altseason? Or this year even with the halving we will not have surprises?

after the halving, has to gain more value, or there will be less hash support, cause the mining will be not profitable at all
and it could be a leader of the alt season with ethereum a side

I'm sure it will get pumped after the halving, I'm just not sure how long afterwards. Bitcoin took about nine months afterwards to break the old gox ATH.

[Searing]

SPEDN by Flexa - Starbucks, Whole Foods and other retailers now accepting LITECOIN payments: https://www.publish0x.com/mamaecrypto/spedn-flexa-starbucks-whole-foods-and-other-retailers-now-ac-xnqoro

Where is Mimblewimble? Or is that slated to happen 'way beyond' the Litecoin Halving and I missed the memo?

I think Mimblewimble is the bomb.

IF they actually break from Bitcoin Core Protocol and implement this in the Litecoin Wallets.

or however, they are going to do this?

Brad

[zahidmoon]

Will LTC lead the delayed altseason? Or this year even with the halving we will not have surprises?

after the halving, has to gain more value, or there will be less hash support, cause the mining will be not profitable at all
and it could be a leader of the alt season with ethereum a side

I'm sure it will get pumped after the halving, I'm just not sure how long afterwards. Bitcoin took about nine months afterwards to break the old gox ATH.

if btc price go up an touch 20K $ then it will be all time high price value of BTC. alts impact is weak right now and BTC dominance is increasing day by day according to coinmarketcap, near 64%. this why BTC value is up and other alts are still suffering 

[Cloverfield]

Less then two months left and we will experience the effects of the halvening. It’s not unlikely we will see a surge up to $300 around that time. What do you think? Can LTC have such short term gains because of the halvening, or do you think different?

[XCASH]

Less then two months left and we will experience the effects of the halvening. It’s not unlikely we will see a surge up to $300 around that time. What do you think? Can LTC have such short term gains because of the halvening, or do you think different?

Bitcoin only had a small pump immediately after its halving. It really started pumping half a year afterwards. Perhaps litecoin won't get much of a pump in the next two months. The really big pump might be after Christmas.

[Cloverfield]

Less then two months left and we will experience the effects of the halvening. It’s not unlikely we will see a surge up to $300 around that time. What do you think? Can LTC have such short term gains because of the halvening, or do you think different?

Bitcoin only had a small pump immediately after its halving. It really started pumping half a year afterwards. Perhaps litecoin won't get much of a pump in the next two months. The really big pump might be after Christmas.

Either way if the pump will be within the next two months or the 6 months hereafter. It’s probably not a bad investment at this price to accumulate some more Litecoin to go into 2020.

[XCASH]

Less then two months left and we will experience the effects of the halvening. It’s not unlikely we will see a surge up to $300 around that time. What do you think? Can LTC have such short term gains because of the halvening, or do you think different?

Bitcoin only had a small pump immediately after its halving. It really started pumping half a year afterwards. Perhaps litecoin won't get much of a pump in the next two months. The really big pump might be after Christmas.

Either way if the pump will be within the next two months or the 6 months hereafter. It’s probably not a bad investment at this price to accumulate some more Litecoin to go into 2020.

At 0.0083 BTC each today it's a much better buy than at 0.023 BTC each in Feb 2018.

[Searing]

Will LTC lead the delayed altseason? Or this year even with the halving we will not have surprises?

The opposite of what you say is that there will be NO delayed Altcoin Season, as they will lag so far behind

the Bitcoin Pump..that Bitcoin will bleed them dry. Thus 'virtual death' (as compared to BTC price vs pump) of Altcoins.

Not saying it is so, but that is what the other half of the argument on altcoins are saying now. Bitcoin is going to gobble up all the selling

and this will be more or less the way, stuff will run from now on, altcoins are dead, is the FUD.

Actually, all of crypto could dump badly on the USA IRS Guidelines and/or Mt.Gox dumping coin, etc.

As usual, still in full HODL mode.

Crypto: Always Drama (tm: Bitcoin)

Brad

[dr.cheema]

Will LTC lead the delayed altseason? Or this year even with the halving we will not have surprises?

after the halving, has to gain more value, or there will be less hash support, cause the mining will be not profitable at all
and it could be a leader of the alt season with ethereum a side

I'm sure it will get pumped after the halving, I'm just not sure how long afterwards. Bitcoin took about nine months afterwards to break the old gox ATH.

if btc price go up an touch 20K $ then it will be all time high price value of BTC. alts impact is weak right now and BTC dominance is increasing day by day according to coinmarketcap, near 64%. this why BTC value is up and other alts are still suffering 

Yeah like 2017 when BTC was going around $20k then suddenly price of BTC down and after BTC price drop Altcoin enjoyed big rise.
Hope this year or next history will repeat or altcoins and btc both will go up in next bull run but right now no movement in market but stable.

[CoinCodex]

Along with other cryptocurrencies in the top 100, Litecoin is testing its $100 support level. Read more in this short TA:

https://coincodex.com/article/3992/litecoin-price-analysis-ltc-drops-toward-100-day-ema-support-after-crypto-wipeout/

[traveler007]

Right mow the price is lowest for last month... Is this worth to buy now? When is the halving planned? Any exact date? As I remember they planned halving for this summer?

[kissubaby]

Right mow the price is lowest for last month... Is this worth to buy now? When is the halving planned? Any exact date? As I remember they planned halving for this summer?

approximately 24 days and 9 hrs away from halving.
you can always check the countdown here https://www.coingecko.com/en/explain/litecoin_halving

[kissubaby]

https://twitter.com/LTCFoundation/status/1149370307301531648

The Litecoin Foundation announced today that Litecoin has become the “Official Cryptocurrency of the Miami Dolphins.” As cryptocurrency continues to be adopted by businesses, institutions and individuals across the globe, this unique partnership creates a powerful alignment between Litecoin and one of the world’s most recognizable sports brands in the Miami Dolphins.

Source: https://litecoin-foundation.org/litecoin-named-official-cryptocurrency-of-the-miami-dolphins/