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

[Searing]

Me?

I think the price of LTC is going down because IMHO about 70% of the network is Bitmain L3's or L3+'s.

Thus, if they are mining underwater with that equipment, all these folk be it data halls or home users are dumping LTC before

the 10th of this month to pay bills etc.

So when a mess of Bitmain L3+ folk get eventually (could take a couple of months) then the difficulty will dump...then of course all the L3+'s

will come back up and no profit...this will go on for a bit until even the most novice of miners will figure out that they may as well leave the Bitmain

L3's or L3+'s off. It is not like an Innsolicon A+ next-generation unit, compared for what it cost, even after the Bitmain stuff goes off is gonna make

big money anyway.

But it is gonna take 6 weeks to a month for folk with these units that every time the difficulty goes down and they put the stuff back up...they are

still mining in the hole. Miner Capitulazation they call this. Just sooooooo...many of these Bitmain L3+ toasters it is gonna take a while for this to sink in.

Of course, LTC development better get their ass together and get Mimblewimble out and/or some such or this won't matter too much..price wise..in a few

months, IMHO.

let the yo/yo of difficulty vs equipment and LTC price begin!

Drama! Despair! Suspense! Angst! Surprise! Dismay!

Anyway, hopefully, I'm dead wrong, on my take on the LTC drama of difficulty/price and drama!

Brad

[Totscha]

Is this a yet another one Blockchain shitcoin?

It's a relatively new coin. Only 8 years old... We'll see what becomes of it

[m2017]

How has the recent halving affected a Litecoin? I don't mean a short-term rise in price and a further fall after that. I would like to know how this affected the Litecoin community and the project as a whole, since I had not watched the changes in the project for a long time. Yes, I understand that mining LTC has become more difficult. And do you think that the project still has good prospects and deserves the attention of investors?

[mich]

Would this halving bring a surge in price or reduction in miners due to lack of profitability?

I mean this is what we can only hope for right 

Litecoin Halving Aftermath: LTC Price, Hash Rate, Community Reaction

https://cointelegraph.com/news/litecoin-halving-aftermath-ltc-price-hash-rate-community-reaction

“So a lot of people are buying in because they expect the price to go up and that’s kind of a self-fulfilling prophecy. So, because they’re buying in, the price does actually go up.”

[sandrozc]

Litecoin Trapped in Consolidation : https://www.publish0x.com/structure-trading/litecoin-trapped-consolidation-xxyeoq

[NibiruHybrid]

Leaked Developer Messages: “Litecoin Has Zero Active Development” As Dusting Attack Hits

Leaked messages from a Litecoin developer chat show no evidence of active development on privacy features as Litecoin users are hit with a large-scale privacy-compromising attack.

According to messages leaked from a Telegram chat with developers, Franklyn Richards, Director of the Litecoin Foundation, expressed frustration at the lack of any solid development progress on touted upcoming privacy improvements and vague answers from the development team:

Read more - https://dashnews.org/leaked-developer-messages-litecoin-has-zero-active-development-as-dusting-attack-hits/

[STT]

Great news for sellers and short traders to advertise on, try and round up some sheep.   I'm not sure its news that development takes time, I'd consider the time frame to make a judgement on as a year.    Its better to measure twice, cut once as the old saying goes and I dont see its negative news if they are slow to change protocol so long as its still being considered.   I cant say I know which is true exactly but I bet people are rushing to judge.

For the believers of the future store of value of Litecoin. They are accumulating as much Litecoin they could have for future purposes, right now it is hard to understand but maybe in the future economics of crypto it would make sense.

I'm wary of accumulating on hopes, I just want to see a population of users rise overall.   The change in peoples pockets amounts to a natural holding far harder to break down and for speculators to play with news to try and force trades on the price up or down.     The broader the base of users, the better the blockchain is proceeding and will reflect in it long term.     Short term people will tell a thousand stories while they wait, with varying amounts of truth as people are impatient of course.

[kovrita]

Litecoin is sitting calm and not following the path of BTC it seems a storm will come very soon and many people will miss the chance to catch the train. I am very confident soon price will be sky rocket and the moon is on the way.

Why?

Because of the litecoin halving event, in the past, when the same event occurred with bitcoin, the value of bitcoin has changed markedly and now we see a price as it is now, Litecoin as an in-house brother of bitcoin, people always put a lot of hope that it will develop as bitcoin, and with this event, this will be an opportunity for litecoin to prove that it deserves to stand with bitcoin. However, life in crypto is never sure, we should believe half, and half doubt, putting too much faith will be very dangerous.

Halving: I am always amazed by the positive outlook at what seems to be the exact opposite for pricing event.
The fact that there will be fewer coins produced per time period than before is not likely to have too much of an impact, because of the big average volatility and, probably, because market already is looking at pricing as if the entire, maximum possible supply was already mined.
What is a potentially negative factor is that miners are about to get their earnings being cut in half instantly. This means that some of them may just become not profitable, therefore leave. This, in turn, could cause a chain reaction.

[Alank_C]

How to set up the LTC all nodes wallet?

[big_daddy]

How to set up the LTC all nodes wallet?

https://medium.com/@baddour/setting-up-a-litecoin-full-node-a-complete-step-by-step-recipe-that-anyone-can-follow-fb18b82d5cfe

this article can help you

[panagot]

Litecoin can also be traded on Buycrypto.Today
It's a new P2P fiat to crypto exchange for the Greek and European market.

A valid SEPA IBAN is all that is needed to create buy and sell offers for everyone else to see.

[omone1]

Since the halving has occured, we naturally expect the price to soar. A group of fellow traders asked if this is the beat time to invest. I said anything is possible in crypto.

[Windsor18]

https://coinmod.com/charlie-lee-guarantees-that-ltc-development-is-unassailable/
https://i2.wp.com/coinmod.com/wp-content/uploads/2019/08/Litecoin-charlie.jpg?resize=696%2C392&ssl=1

[livingfree]

Since the halving has occured, we naturally expect the price to soar. A group of fellow traders asked if this is the beat time to invest. I said anything is possible in crypto.

I've seen different threads asking about the soaring of Litecoin because of the halving. But this isn't an instant increase because just like the old days, we should expect the rise after a couple of months or even after a year.

You have told them right that anything is possible to happen and that's an intelligent and safe answer. Probably those investors who are asking about the rise want to take profit with their short position.

[Ano]

Litecoin price couldn’t stay above $100 for long, looks like the bearish trend will continue.

https://coincodex.com/article/4617/litecoin-price-analysis-ltc-reaches-support-at-84-but-are-bears-ready-to-push-lower/

It looking Litecoin has been slipped from the previous path where it was looking more stronger and everybody was very confident sooner it will touch $150 and it will be new floor for this but now situation has been changed and it looking very bearish.

[No Pain No blood]

Litecoin price couldn’t stay above $100 for long, looks like the bearish trend will continue.

https://coincodex.com/article/4617/litecoin-price-analysis-ltc-reaches-support-at-84-but-are-bears-ready-to-push-lower/
~~

yes maybe. and I think litecoin will fall to $70 or even lower. if this happens there will probably be a bear market for LTC over the next few months.

[Raja_MBZ]

LTC Dusting Attack on Binance Affected Nearly 300,000 Addresses: Report

https://cointelegraph.com/news/ltc-dusting-attack-on-binance-affected-nearly-300-000-addresses-report

[Searing]

LTC Dusting Attack on Binance Affected Nearly 300,000 Addresses: Report

https://cointelegraph.com/news/ltc-dusting-attack-on-binance-affected-nearly-300-000-addresses-report

Hey, it's these guys again!

[tbct_mt2]

This is a should-read document on Dust Attack.
Dust Attack, what it is, why it is dangerous and how to prevent falling to it
It is very important to modify your Coin control feature and does not allow UTXO spending from your wallet.

[lonesomestranger]

Litecoin Beating Bitcoin on Adoption of Scaling Solution SegWit

Two years after Bitcoin and Litecoin integrated the scaling-solution SegWit, LTC remains in the lead in terms of overall adoption.
Approximately 55% of Litecoin (LTC) transactions leverage the SegWit protocol upgrade as of August 9th, 2019, according to recent data from block explorer site Blockchair.

In comparison, only 36% of Bitcoin (BTC) transactions use the backward-compatible SegWit update.

Read more: https://dailyhodl.com/2019/08/14/litecoin-beating-bitcoin-on-adoption-of-scaling-solution-segwit/