Tag: Litecoin LTC

Litecoin LTC

The event that could change Bitcoin and cryptocurrencies forever

There was a time when cryptocurrency was just one cryptocurrency called Bitcoin. Around that time, the former Magic: The Gathering Online exchange, which was quickly forgotten about, was converted into a bitcoin exchange called Mt. Gox. A few months later, after a change in management, Mt.Gox was processing more than 20,000 transactions a day while bitcoin was trading at $1 – just imagine being invested in crypto at the time, geez. Despite some hacking attacks, the exchange continued to grow in value at an impressive rate. At one point, according to Miles Deutscher, 70% of bitcoin transactions were made on that exchange. Nothing but impressive. For context, at the time, the only cryptocurrencies in existence besides Bitcoin were Litecoin and Namecoin, so a huge percentage of crypto transactions were taking place on Mt.Gox. However, in June 2011, the situation changed for the worse.

Read More
litecoin лайткоин

Is it profitable to mine Litecoin after halving?

Today, Litecoin is trading at $ 73. Since the day of halving, the coin has fallen in price by about $ 30. Immediately after the event, the coin overcame the level of $ 100. As you can see, cutting the block reward did not lead to an increase in the asset price. However, from May to the procedure itself, LTC has been in a steady uptrend.

Read More