Recognizing the growth of the crypto industry, Litecoin (LTC) is also working with lightning speed to overcome the daily occurring issues in the blockchain. As the world goes on to know the importance of blockchain technology, people are turning to different digital assets. More than 2K+ assets are listed on coinmarketcap.com, and currently, Litecoin is trading at the 8th spot.
Litecoin being among top 10 cryptos has a big responsibility to come up with the expectations of the users. The world is looking at it because being a top 10 coin you need to bring up your progress to that level. Certainly, Litecoin provides its users with all the basic embellishments.
Litecoin is one of those few coins that provide top-level privacy, where users transactions are 100% secure and purely decentralized. Providing such quality, users automatically get attracted. But, still, there is a need for marketing a product and recently, UFC one of the biggest mix-martial arts brand sponsored Litecoin in their main event. So, the crypto is also working to increase its adoption through different methods.
With all the progress going on, Litecoin (LTC) completed the coins mining up to 60 million, which marks that almost 71% of the total LTC have been mined. The next halving of LTC is planned to happen at the start of August 2019. It is almost six more months to go from now, before the coin bonus for each block reduces from 25 LTC’s to 12.5 LTC’s.
With the mining going on, it is slowly heading to get back in shape. Recently, Litecoin surpassed 100 nodes on their networks. The LTC network has again started to pick up its momentum back and this year is the time of Litecoin to turn things around.
The privacy coin has the ability to surge further up but at the moment it would need the help of a bull run. After dropping a lot of value in 2018, it’s time to recover and in the meanwhile, the short-term investors need to chip in. This could turn out to be a productive investment.
As the market has turned green again after a yet another bear market, Litecoin (LTC) in the last 24 hours has surged up to 5%. At the time of press, LTC was trading with a price of $32.40 USD with a market cap of $1.9 billion. If market follows the greenish trend for next 48 hours, LTC might cross $35. But it all depends on the market and we haven’t seen this trend in a while.