Biggest Movers: LTC Snaps Losing Streak, SOL Moves 7% Lower
Litecoin snapped a four-day losing streak on Feb. 22, despite cryptocurrency markets mostly trading lower. The token rose for the first time since Saturday’s session, when prices were above $100.00. On the other hand, solana extended recent declines, falling by as much as 7%.
Litecoin Network Gets Its First NFTs After Developer Forks Bitcoin Ordinals
Developers are forking Bitcoin ordinals to give older proof-of-work networks, such as Litecoin, their first set of non-fungible tokens (NFTs). Over the weekend, Bitcoin developer Anthony Gurrera forked the code behind Bitcoin ordinals to the Litecoin blockchain – placing a copy of the latter’s mimblewimble upgrade whitepaper to the Litecoin network, making it the first NFT on Litecoin in effect.
Ordinals Litecoin Fork Took one Week and Was ‘Quite Simple,’ Says Creator
A small monetary bounty and an aptitude for coding were all it took to fork the Ordinals protocol to the world’s second-ever cryptocurrency network, Litecoin earlier this week, its creator told Cointelegraph. On Feb. 18, an Australian software engineer by the name of Anthony Guerrera posted a repository to GitHub that forked the Bitcoin Ordinals protocol to Litecoin. This allowed for the nonfungible token (NFT)-like assets on the Litecoin network in much the same way it had made it to Bitcoin earlier in the year. (Cointelegraph)
Data Suggests Shark Were Behind Litecoin’s 89% Rise to $97
Litecoin (LTC) has seen one of the highest rallies among the top 20 largest cryptocurrencies, jumping over 89% since the market crash following the FTX collapse. While there are a number of factors that could’ve prompted this news, on-chain data suggests that sharks are the likely culprit.
Weekend Watch: Litecoin Soars 7.5% to 8-Month High, Bitcoin Stands Above $23K
Despite failing to overcome $23,500 once again in the past 24 hours, BTC is still slightly in the green today and stands above $23,000.
Litecoin (LTC) Displays Consolidation – Can We Expect A Reversal Soon?
The Litecoin price has shown considerable recovery ever since it reached its bottom in December 2022. LTC secured almost 50% appreciation in January this year. Currently, however, the altcoin has witnessed a price pullback and is consolidating on its daily chart.
Whales Are Pouncing on Litecoin, Polygon and Two Ethereum-Based Altcoins, Says Analytics Firm Santiment
New data from crypto analytics platform Santiment reveals that whale transactions are spiking for Litecoin (LTC), Polygon (MATIC) and two Ethereum (ETH)-based altcoins.
Litecoin Fails to Overcome Key Resistance Level Despite Hitting New Milestones
Litecoin [LTC] concluded an interesting week during which it managed two major milestones. On 27 January, the network announced that it had facilitated slightly over 142 million transactions.
Riding an Electric Wave Litecoin’s Hashrate Hits All-Time High
Litecoin (LTC)has been one of the best-performing big-cap tokens over the last several months, and its hashrate just hit a new all-time high, signaling some potential bullish activity on the network.
Litecoin Sharks May Have the Final Say on LTC’s Direction- Here’s Why
After hitting highs earlier in January, Litecoin [LTC] whales have stamped their authority in the market again as large transactions hit peak levels.
Litecoin Has Over 170.5 Million Total Addresses Surpassing Ethereum
Total addresses are the total number of unique addresses that ever appeared in a transaction of the native coin in the network.
Litecoin to Undergo Block Reward Halving in Just Over 200 Days, First Among Major PoW Cryptocurrencies
In roughly 202 days, the cryptocurrency network Litecoin (LTC) will experience a block reward halving on or around Aug. 3, 2023. Litecoin will be the first major proof-of-work (PoW) blockchain to see a reward reduction before Bitcoin’s upcoming halving, which is expected to occur 203 days from now.
Dogecoin Hits 3-Week High as Wider Crypto Market Flips Green
The price of Dogecoin (DOGE) has surged 7.8% over the day, making it the second-best performing asset among the top 10 cryptocurrencies.
Ol’ Reliable Litecoin Up By 7% As LTC Flexes Muscles For 2023
Known to be one of the oldest cryptocurrencies in the world, Litecoin (LTC) has been making headlines as it reported record high transaction numbers.
Litecoin ($LTC) and Binance’s $BNB See Whale Transactions Rise, Says Crypto Analytics Platform
Whale transactions for Litecoin ($LTC), a cryptocurrency that’s often referred to as the silver to Bitcoin’s gold, and for Binance’s native tokens $BNB and $BUSD have recently surged, suggesting significant moves are being made.
Biggest Movers: DOGE, LTC Near 3-Week Lows on Thursday
Dogecoin was trading close to a three-week low on Thursday, following the release of retail sales figures in the United States. Customer spending fell by more than expected in November, dropping by 0.6% last month. Litecoin slipped for a second successive session, falling to its lowest point since late November.
Major Grayscale Digital Currency Funds Are Trading at 34% to 69% Discount to NAV
According to statistics sourced from data aggregator YCharts, seven digital currency funds issued by asset manager Grayscale Investments are currently at a discount of 34% to 69% to their net asset value, or NAV. Holdings tracked in the analysis include the Grayscale Bitcoin Trust; Ethereum Trust, Ethereum Classic Trust, Litecoin Trust, ZCash Trust, Horizen Trust, Stellar Lumens Trust, and Livepeer Trust.
Litecoin, Its Growing Mining Difficulty, and Why It Could Go Against LTC’s Price Action
<a href="https://ambcrypto.com/should-you-continue-hodling-litecoin-ltc-in-the-coming-month/">Litecoin [LTC]</a> demonstrated positive growth in multiple facets over the last few weeks. Those areas included its hash rate and price. The network’s latest announcement confirmed that mining difficulty also went up and here’s why that might spoil the party.
Litecoin’s [LTC] Hash Rate Touches All Time High, but Is a Relief Rally in Sight
At 613.81 TH/s, Litecoin’s [LTC] hash rate recently clinched a new all-time high, data from CoinWarz revealed. Following its last significant dip in July, Litecoin’s hash rate rallied by 64% within four months.
