Litecoin has been climbing all week. The last 24 hours in particular has seen its price increase almost 40%. At the time of this posting it's hovering around $240.
Credit: bleepingcomputer.com
It's nice to see my favorite altcoin having some positive momentum after falling from its high in December of $375 to a paltry $105 just a couple weeks ago.
So why the sudden increase?
It's been announced that LTC is going to go thru a hardfork on February 18th. For every Litecoin you own you'll recieve 10 LCC or "Litecoin Cash."
Like any split noone knows if the new coins will have any value but a 10-1 bonus is pretty cool in my opinion 😎
The new coin is supposed to be quicker and have even smaller transaction fees than LTC's already quick and cheap transactions now.
Charlie Lee has said that any new coins created are just a scam and that there's only one Litecoin, but many say the creator of LTC is just salty and shouldn't be taken serious because he's already sold all of his holdings awhile back.
It will definitely be interesting to see how the new LCC will fair after the fork and it's nice seeing even more people talking about LTC.
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Are you holding or buying more Litecoin now because of the upcoming hardfork? Let me know in the comments..
Thanks for reading,
Cryptonoob
Stacker
Visionary
Soft Kisser
Wishing I would’ve bought more a couple weeks ago.
Same :/ would've but had to have more etc, trx, and silver lol
More coins are a bad thing in my humble opinion. they just dilute the market.
We see so many new coins these days, and lots of them are made in order to grab some quick cash. I think we will see a big devaluation of some of the "useless" cryptos in the coming year or two, and have fewer, but stronger cryptos remaining.
That's really nice to hear this news, yes, before we saw the price fall from the sky and now we can see the steady pace in the price once again, i have very little of Litecoin so there is nothing like to Hold or Sell position but i am planning to buy some, let's hope that everything will be fine. Thanks for sharing this interesting and informative post with us.
Stay Blessed.
How come I get this feeling that a Printing Press has just started running. I still have some Litecoin.
I get why people would be buying some now before the hardfork, especially with the promising airdrop of new coins. It will be exciting to see how the Litecoin cash coin will turn out to be :)
I've written a guide on how to safely claim your Litecoin Cash #LCC from a Litecoin #LTC core wallet.
Would appreciate if you share and comment on it guys.
How to safely and securely claim your Litecoin Cash from the upcoming fork
Some great information to for sure look into. Thanks