Today continues to rise and then consolidates into a stagnant pool. When everyone is bored, will there suddenly be an exciting reversal?
Some altcoins have already started their second rise. Altcoins will indeed have a bull market, and the previous kind of widespread increase will become less frequent. The reason is simple: there are now countless cryptocurrencies in the market, but the pool of funds is still limited. Either the funds get diluted, making widespread increases difficult; or the funds actively seek out quality assets to cluster around. I lean towards the latter!
This is very similar to the situation in the U.S. stock market. With nearly ten thousand stocks, only a few are in a long bull run, while most others are in a continuous decline. Therefore, in the crypto space, finding good assets may be even more important.
If there is an altcoin season, it will likely concentrate in two areas. One is cryptocurrencies that are part of ETFs, like #SOL, #LTC, #ADA, #SUI, #PEPE, etc., and the other is meme coins. As for other project tokens, the previous two bull markets have already exhausted their credibility. There are very few real-world applications, and it's all just empty promises; this time, it is likely to be difficult to see any improvement!
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以太坊老张.eth
I'm currently in the third stage (the first stage has been trapped) but it's not terrible, and the meme has made me regain a lot of blood.
But this round of "bull market" wealth password may become a return strategy, many friends I know in the currency circle are losing or flat in this round, and a few are profitable.
Give me a thumbs up for those who are still making money from the beginning of 24 to the present
以太坊老张.eth
The wealth script for altcoins in the coming year:
Due to Trump's influence, this round of the bull market will extend, possibly leading to a long-term "eternal bull market."
1. Established value coins like $UNI, $LTC, and $ADA will break their historical highs within three months (by the end of March next year).
2. Sell the established coins three months later and stay out of the market for three months; don't get greedy.
3. After six months, buy Bitcoin ecosystem tokens like $STX, $DOG, $ORDI, and $SATS, and hold them for another six months before retiring.
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Litecoin Foundation ⚡️
'Coinbase Brings Wrapped Litecoin to Base With cbLTC' - @CoinDesk
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Burgerflipper
I am long a bunch of sol memes and marinade/jto. Bring it on
RunnerXBT
Solana ETF will be a flop because BlackRock did not file for one
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Litecoin Foundation ⚡️
Turn your Litecoin wallet into a name you own! No more long, complicated wallet addresses and no renewal fees, no recurring costs—just lifetime ownership. Send and receive Litecoin with ease using a .LTC name.
👉
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Litecoin price performance in USD
The current price of Litecoin is $86.4600. Over the last 24 hours, Litecoin has increased by +1.46%. It currently has a circulating supply of 76,015,152 LTC and a maximum supply of 84,000,000 LTC, giving it a fully diluted market cap of $6.57B. At present, Litecoin holds the 19 position in market cap rankings. The Litecoin/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Developed in 2011 as a fork of the Bitcoin network, Litecoin aimed to improve upon Bitcoin's shortcomings. It was the first altcoin, and its goal was to offer a decentralized peer-to-peer (P2P) currency with faster transaction processing times and lower fees than Bitcoin.
Built with payments in mind, Litecoin outperforms Bitcoin in terms of transaction speed and confirmation time. While Bitcoin can process approximately five transactions per second, Litecoin has a capacity of 56 transactions per second. The network's confirmation time is also significantly shorter, taking approximately two minutes and 20 seconds compared to Bitcoin's, of nearly 10 minutes per block.
Even after over a decade, Litecoin remains committed to providing users with low-cost, private, secure, and borderless payment solutions. Its vision is to enable individuals to send payments anywhere in the world at any time, making it a practical and accessible digital currency for everyday transactions. Litecoin's usage as a payment method has increased over the years, with merchants, including the American Red Cross, Newegg, and Twitch, accepting LTC as payment.
How does Litecoin work
Litecoin was created from the original Bitcoin source code. That said, it has several differences, which make it faster, cheaper, and more accessible. Here are the components that make Litecoin different:
Scrypt hashing
Litecoin was launched with a unique algorithmic architecture called Scrypt. Scrypt uses less processing power than Bitcoin’s SHA-256 algorithm, lowering the entry barriers for miners and promoting network decentralization. Scrypt also protects Litecoin from potential attacks by miners.
SegWit (Segregated Witness)
SegWit was initially proposed for Bitcoin but was first adopted by the Litecoin network. It separates the witness data (digital signature data) from the transaction data, allowing for more transactions to be included in each block and increasing the overall capacity and scalability of the network. The successful implementation of SegWit on Litecoin served as a testbed and paved the way for its subsequent adoption on the Bitcoin network.
MimbleWimble upgrade
Litecoin also launched its highly anticipated MimbleWimble upgrade, which allows for anonymous transactions on the network, similar to other private networks like Zcash (ZEC) and Monero (XMR). MimbleWimble's integration with Litecoin via extension blocks (MWEB) allowed users to conceal transaction information, thereby increasing privacy. The upgrade was released in January 2022 and activated in May.
The MimbleWimble upgrade was first suggested in October 2019 in two Litecoin improvement proposals. Then, in October 2020, the network launched the first MimbleWimble testnet. According to the Litecoin Foundation, the upgrade enhances the network's scalability since the amount of data stored on-chain reduces fungibility.
LTC price and tokenomics
LTC has a capped supply model, with a maximum supply 84 million. This specific cap was chosen so that the last LTC would be mined in 2142. Like BTC, LTC operates on a Proof of Work (PoW) consensus mechanism, producing new tokens exclusively through mining. Every four years, LTC undergoes a halving to reduce the rewards earned by miners.
LTC has a wide range of use cases. As the native token of the network, LTC is used to pay transaction fees. LTC can also be used outside the network as a medium of exchange, purchasing goods and services or exchanging for other digital assets, such as non-fungible tokens (NFTs).
About the founders
Litecoin was founded in 2011 by Charlie Lee, an MIT graduate and former software engineer at Google. Lee played a key role in the development and launch of Litecoin. In 2013, he joined Coinbase, one of the largest cryptocurrency exchanges, where he served as the Director of Engineering. In 2017, Lee made the decision to leave Coinbase to focus on the full-time development and advancement of Litecoin.
Lee is also the director of the Litecoin Foundation, a Singapore-based non-profit organization that works towards the growth and adoption of LTC. In December 2017, Lee sold his entire stake in Litecoin, saying it was a conflict of interest for him to talk about the cryptocurrency while influencing it.
Since its inception, the Litecoin team has grown and expanded to include more core developers. This dedicated team works on improving and maintaining the Litecoin network, ensuring its security, scalability, and overall functionality.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 11K new posts about Litecoin, driven by 3.8K contributors, and total online engagement reached 874K social interactions. The sentiment score for Litecoin currently stands at 80%. Compared to all cryptocurrencies, post volume for Litecoin currently ranks at 1604. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Litecoin.
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Posts
10,931
Contributors
3,846
Interactions
873,748
Sentiment
80%
Volume rank
#1604
X
Posts
9,612
Interactions
788,442
Sentiment
80%
Litecoin FAQ
How much is 1 Litecoin worth today?
Currently, one Litecoin is worth $86.4600. For answers and insight into Litecoin's price action, you're in the right place. Explore the latest Litecoin charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Litecoin, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Litecoin have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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