The Strange Network Activity behind Litecoin Active Addresses.

[Yaunfitda]

The Strange Network Activity behind Litecoin Active Addresses.
Franklyn Richards

There’s an interesting pattern emerging amongst active Litecoin addresses on the network that suggests large periodic automated actions are being taken by an unknown entity.

On average the network typically sees around 40,000 active addresses per day, however according to data from bitinfocharts, every 7 days this value is spiking to over 70,000 before abruptly dropping back down. This has resulted in an almost sawtooth like pattern that’s pretty evident given a cursory glance.

This behaviour appears to have begun on the 20th of August 2019 and has continued to occur every week since to varying strengths. Prior to this a very noticeable dust attack occurred on the 10th of August 2019. Unless a large economic network entity has implemented a method for automatically managing and moving its Litecoin holdings (something that would seem unnecessary to this degree and so often), then it appears this activity may be related to the august 10th attack.

https://litecoin.com/en/news/the-strange-network-activity-behind-litecoin-active-addresses

Can someone chime in and enlighten us what the hell is going on with Litecoin? Is someone trying to screw up the network here?

We have seen bitcoin being attacked by network spammer in 2017 and we don't know what the economics behind. But in Litecoin, the investigations show it on a weekly pattern, so I'm not sure what this is for.

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[CjMapope]

Could be a simple form of FUD spreading, looking at price maybe its working?
could also just be a simple stress test, people testing scripts, or just someone pissing around for something to do.    Testing attack vectors maybe
with LTC its really cheap to do this, so they can.    IMO, if its a FUD thing, its most intriguing, create drama to cause loss of confidence, and drop price? buy up cheap?
interesting!   

[Kemarit]

Could be a simple form of FUD spreading, looking at price maybe its working?
could also just be a simple stress test, people testing scripts, or just someone pissing around for something to do.    Testing attack vectors maybe
with LTC its really cheap to do this, so they can.    IMO, if its a FUD thing, its most intriguing, create drama to cause loss of confidence, and drop price? buy up cheap?
interesting!   

After LTC's halving, everyone thinks that the price could go on a run. Take note that it's just a run and not the bullish run that we think of. But the opposite happen, the price seems to go on a downward spiral.

However, it this is a strategy to pull down the price by attacking it, then it doesn't make sense to me. Why would that single entity attack it when there are other ways to hurt the price? But I like your theory of stress testing though, maybe that someone is within inside Litecoin and what better ways to attack the network by spamming it. Interesting enough, but we don't have the real answers.

[Nadziratel]

Could be a simple form of FUD spreading, looking at price maybe its working?
could also just be a simple stress test, people testing scripts, or just someone pissing around for something to do.    Testing attack vectors maybe
with LTC its really cheap to do this, so they can.    IMO, if its a FUD thing, its most intriguing, create drama to cause loss of confidence, and drop price? buy up cheap?
interesting!   

After LTC's halving, everyone thinks that the price could go on a run. Take note that it's just a run and not the bullish run that we think of. But the opposite happen, the price seems to go on a downward spiral.

However, it this is a strategy to pull down the price by attacking it, then it doesn't make sense to me. Why would that single entity attack it when there are other ways to hurt the price? But I like your theory of stress testing though, maybe that someone is within inside Litecoin and what better ways to attack the network by spamming it. Interesting enough, but we don't have the real answers.

Everyone was expecting after the halving at LTC. However LTC has already done mostly pre-halving pricing. He had to be supported by the BTC bull in order to expect more. And as we're watching nowadays, there's no BTC bull. It's not fair to expect more than any cryptocurrencies right now. Our eyes are on Bitcoin now.

[Yaunfitda]

Could be a simple form of FUD spreading, looking at price maybe its working?
could also just be a simple stress test, people testing scripts, or just someone pissing around for something to do.    Testing attack vectors maybe
with LTC its really cheap to do this, so they can.    IMO, if its a FUD thing, its most intriguing, create drama to cause loss of confidence, and drop price? buy up cheap?
interesting!   

Haha, nice theory, who wouldn't love to see the price goes down so that we can buy  cheap LTC because of this bad actors? The FUD is still not out there though, they need to garner some media attention to it. 

After LTC's halving, everyone thinks that the price could go on a run. Take note that it's just a run and not the bullish run that we think of. But the opposite happen, the price seems to go on a downward spiral.

However, it this is a strategy to pull down the price by attacking it, then it doesn't make sense to me. Why would that single entity attack it when there are other ways to hurt the price? But I like your theory of stress testing though, maybe that someone is within inside Litecoin and what better ways to attack the network by spamming it. Interesting enough, but we don't have the real answers.

Yes, we don't have answers for now or we may never will. Again, perhaps this is just a way to stress test the network or not. LTC's halving didn't push the price either, so there's a lot of conspiracy behind.

[Ucy]

Does the periodic automated action affect the price of Litecoin in anyway? I guess the Litecoin people should observe if the periodic behaviors affect Litecoin in anyway specifically at the time the automated actions happen.