WTF Just Happened to Litecoin and Bitcoin?
Bitcoin jumped more than 10 USD within a few minutes climbing above 290 USD while the Litecoin price plunged with more than 35%. Was it a big Litecoin "whale" or "bag holder" that sold off his/hers entire stack of litecoins just to go all in on Bitcoin? Some even claim that a ponzi scheme pumped the Litecoin price. You can read the article explaining it here. We are investigating the claim and will present our findings within 24 hours. To whomever sold litecoins: enter your comments below and give us your thoughts on your executed sell orders. It would be interesting to see if this was a....
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While the price and attention has subsided substantially, Litecoin has gone through a lot of the changes over the last couple of months. I’m here today with Andrew Vegetabile from the Litecoin Association to talk about things that have been happening in Litecoin in the past few months. Since our talk in Februaryregarding LTCGear, how has Litecoin changed? There have been a number of activities and events that has happened since February between major events with Litecoin itself as well as Litecoin Association news and some other miscellaneous things. As I write this, the Litecoin network....
Is Litecoin Giving Bitcoin a Run for its Money? This question has been on the minds of many players in the cryptocurrency industry. Ever since its introduction, Bitcoin has always been at the top. This can be explained by the fact that it was the first digital currency presented to the public. Consequently, Bitcoin has gone ahead to set the bar for virtually all types of digital currencies that have come after it. Bitcoin also has the highest market share and value of in the alternative currency section. Litecoin has firmly taken the number two slot in the alternative currency industry. At....
At 17:00 GMT on 7th November, alt-currency litecoin reached its first $100m market cap milestone with approximately 23m litecoins in circulation, trading at a high of $4.40. On 18th November at 17:45 GMT, litecoin crossed the $10 mark after spiking over 100% in approximately five hours bringing the litecoin market cap to well over $200m. At the time of writing the price of a single litecoin has retreated to approximately $5.60. Back in March and April this year, litecoin caught the market's attention when it spiked approximately 10,000% in a few weeks. The rise, which happened during the....
Giant bitcoin exchange Mt. Gox has delayed plans to support the litecoin cryptocurrency, following another DDoS attack last month. The Tokyo-based bitcoin exchange had previously announced plans to support the bitcoin alternative. However, it postponed the move after the most recent attack, which happened on the evening of April 21. Nevertheless, the company announced it still plans to support litecoin "soon". "We were planning on doing so two weeks ago, but events derailed that plan," said a statement from Mt. Gox. "Right now we are focused on overall stability of the exchange, and will....
With time, Litecoin has developed an eerie habit of being one of the most volatile cryptocurrencies in the world. The price action in the past 24 hours must have shocked (and killed) the bears, and even surprised the bulls. The market cap of Litecoin zoomed more than 31 percent intraday as short sellers went scurrying for cover, unable to handle the unprecedented buying pressure. Litecoin, on BTCE, touched a high of $3.946. What a day! Bitcoin is usually the main trigger behind Litecoin price action. A surge in Bitcoin tends to spur a rise in Litecoin. But this time was different! While....