Litecoin Jumps Over 18% and Might Go Higher
Much talk has been going on with litecoin lately and while we might be use to the hype talk from litecoin and the fizzled actual results this time it might be different.
Some of the things fueling the surge are as follows...
1 - Halving
Litecoin will be halving it about 180 days so could we see a surge in price because of this? What will happen is the normal block reward of 25 litecoin per block mined will be reduced to 12.5 litecoin per block minded. This is a rather large reduction and one bitcoin went through last year.
2 - Beam
Beam most likely is the catalyst here that is surging price as they have announced they will be working with litecoin to build an off chain, chain. Mimblewimble LTC will be the side chain that should work seamless while there have been people speaking out about it saying it ends up making the parent chain vulnerable to attacks it is hard to see if that is really the case or not at the moment.
Im going to need to update this post lol now up 30% and all major cryptocurrencys almost hit double digit gains!
Time to take some gains as I believe we will have a pullback. I hope that this is the start of good things.
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Litecoin continues to demonstrate that its development is ongoing despite the bear market. That community is pretty strong and has always led by example (i.e. SegWit)!
Posted using Partiko iOS
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