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RaspiBlitz – Fastest and cheapest way to get your own Lightning Node running – on a RaspberryPi with a nice LCD.

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RaspiBlitz - Fastest and cheapest way to get your own Lightning Node running - on a RaspberryPi with a nice LCD. submitted via /u/CBDoctor
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Altcoin News

EOS and Litecoin Leading The Way as Crypto Rally Resumes

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Cryptocurrencies had an afternoon to right kind when many anticipated issues to show south once more however nowadays’s buying and selling has been certain and markets are transferring up as soon as once more. The transparent leaders in this day and age are EOS and Litecoin, each with 7% beneficial properties at the day.

Market cap for all cryptos has reached a six week prime of $136 billion as an additional $Three billion enters virtual currencies over the last 24 hours. The two virtual horses main the race in this day and age are EOS and Litecoin in fourth and 5th puts within the charts.

EOS has been on fireplace lately and not anything explicit seems to be riding its momentum rather then FOMO. Over the previous 24 hours EOS has jumped from $3.60 to $3.90 marking an 8% upward thrust at the day as quantity bubbles up over $2 billion. Since Monday EOS has surged from $2.80 which is sort of 40% in lower than per week.

A sequence of neighborhood and dev occasions along an ever rising choice of dApps at the platform has stored issues ticking over for Block.one and EOS traders. However momentum is more than likely in response to the movements of Bitcoin which is poised to break crucial resistance at $4k.

Litecoin Flying High

Litecoin is the opposite crypto asset barreling alongside in this day and age because it too provides virtually 7% at the day. LTC has crowned a mental barrier at $50 and it has completed this in a remarkably short while. From just below $48 this time the day gone by LTC shifted equipment to achieve a prime simply over $52 sooner than pulling again a little bit. At the time of writing it’s nonetheless buying and selling over $50.

The transfer has taken LTC marketplace cap over $Three billion for the primary time in over 3 months and secured it in 5th position simply $400 million in the back of EOS. Since its 2018 low of slightly below $23 all over December’s large unload, Litecoin has recovered and epic 122% to present ranges. This has outperformed Bitcoin via a mile and makes LTC one of the top crypto assets of the instant.

A halving due in August this 12 months will cut back LTC block praise from 25 to 12.5. These generally bullish occasions additionally make a coin scarcer and extra precious, no less than that is the case for Bitcoin anyway. Further information from Chinese crypto outlet 8btc.com signifies that the Chinese may well be purchasing up LTC in anticipation of this halving tournament.

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Blockchain News

Litecoin Continues Its Robust Performance, Hits New 52-Week High

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In the last five months, Litecoin (LTC) has performed exceptionally in the cryptocurrency market and has grown 3.5 times. On Monday, Litecoin’s price grew to its highest level in the last 12 months, rising to $128.07. The last time the price of the coin came close to that was last year on May 23 when it traded at $126.

LTC Performing Well Despite Market Fluctuations

Currently, Litecoin is defying odds and continues to perform well despite the current market fluctuations. There has been mass adoption of Litecoin that is driven by the growing usage of Litecoin Onchain that may further drive the value of LTC. The growing trend of Litecoin is a result of a combination of partnership and the growing popularity of the coin’s platform.

According to recent price action, LTC is surging to a higher value, and currently, it is up by over 30% since June 4 when it traded at $97. Over the same period, the world’s leading cryptocurrency by market share, Bitcoin, has only gained 7%.

The outperformance of the coin is likely a result of the mining reward halving that is expected in the next two months on August 8. The mining reward on the Litecoin blockchain is expected to be halved to 12.5 coins per block from 25 coins.

>> Microsoft Adds Blockchain Tools to Power Platform

Litecoin to Replicate 2015 Performance?

In the last three months before the previous reward halving that happened back on August 25, 2015, the cryptocurrency rallied by over 500%. The price increased from $1.50 in May to a high of $7.00 by July 2015 before finally dropping back to $3.00 after halving. Based on the previous trend, the cryptocurrency will continue gaining in the next four weeks before experiencing a stint of profit taking prior to the August 6 event.

In the last five days, the value of LTC has shown tremendous growth after the coin leaped from $98.86 to around $121.12, and currently, Litecoin is trading at $116.57. The coin is expected to exhibit the bullish trend in the coming months and could reach $150 by the end of the year.

What do you think?

Featured image: DepositPhotos © GekaSkr

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Ethereum News

Litecoin (LTC) May Soon Collapse, Despite Bitcoin Divergence & Halving Hype

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The Bitcoin & Litecoin Halvings


Just as Bitcoin (BTC) has so-called “halvenings”, Litecoin (LTC) does too. While the popular altcoin is different than its proverbial godfather, sporting a different block hashing algorithm, quicker block times, and a different focus, Litecoin has block reward reductions built in. Ever four years, the amount of LTC issued per block halves in an event known as a “halving”, “halvening”, or the more formal “reduction in supply issuance/inflation”.

Why Satoshi Nakamoto, the creator of Bitcoin, built this mechanism into his brainchild we do not know, but it likely has to do with the programmer’s supposed distaste towards centralized financial institutions, many of which have the ability to print money at will and without the public’s explicit knowledge.

LTC Could Collapse From Here

Due to simple supply-demand economics, many are sure that as Litecoin’s halving nears for this August, LTC could surge.  Per a number of analysts, however, Litecoin may be poised to collapse instead of rally to the ‘moon’. In a recent tweet, Brave New Coin’s Josh Olszewicz suggested that the asset’s one-day chart isn’t looking all too hot.

He explains that the asset is currently in the midst of a rising wedge, and has also seen a bearish divergence in its Relative Strength Index (RSI). This, coupled with the fact that LTC has strayed far above its 200-day exponential moving average makes Olszewicz believe that death, meaning a collapse to $55-$70 range, might be “imminent”.

The analyst isn’t the first to have brought this up. Nunya Bizniz, an analyst and commentator that recently claimed that the Bitcoin bull run is most likely on notes that if history is of any guide, Litecoin is on the verge of collapse.

As seen below, LTC rallied by 700% from the bottom to its peak during 176 days in 2015, then collapsed into its halving. The odd thing is, Litecoin has just completed that exact pattern, rallying 700% in the past six-odd months. Barring that historical trends don’t hold up today, Litecoin could fall back down to double-digits in the coming months.

Some have been a tad more optimistic, though. According to a recent tweet from analyst Financial Survivalism, Litecoin still has a lot of room to run. He notes that prior to the cryptocurrency’s previous block reward reduction, LTC rallied strongly against Bitcoin, eventually finding a parabolic peak right after the auspicious event.

If historical trends hold up this time around, LTC will continue to rally against BTC — potentially doubling from 0.0148 where it is now to around 0.0270 — in the coming three-odd months. If Bitcoin continues higher from here, this rally in the altcoin could translate into a $250+ Litecoin by the time of the halving.

Title Image Courtesy of Marco Verch Via Flickr

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Ethereum News

‘Halvening’: Litecoin (LTC) Could Double Against Bitcoin in Coming Months

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Litecoin May Run Into Late-2020’s Halving


Just as Bitcoin (BTC) has so-called “halvenings”, Litecoin (LTC) does too. While the popular altcoin is different than its proverbial godfather, sporting a different block hashing algorithm, quicker block times, and a different focus, Litecoin has block reward reductions built in. Ever four years, the amount of LTC issued per block halves in an event known as a “halving”, “halvening”, or the more formal “reduction in supply issuance/inflation”.

Why Satoshi Nakamoto, the creator of Bitcoin, built this mechanism into his brainchild we do not know, but it likely has to do with the programmer’s supposed distaste towards centralized financial institutions, many of which have the ability to print money at will and without the public’s explicit knowledge.

Due to simple supply-demand economics, many are sure that as Litecoin’s halving nears for this August, LTC could surge. We’ve already received a taste of what the cryptocurrency market is feeling, as Litecoin has already rallied by 286% year-to-date (per Messari), ousting most altcoins and even the venerable Bitcoin.

According to a recent tweet from analyst Financial Survivalism, Litecoin still has a lot of room to run. He notes that prior to the cryptocurrency’s previous block reward reduction, which happened in mid-2015, LTC rallied strongly against Bitcoin, eventually finding a parabolic peak right after the auspicious event. Then, Litecoin sold off against Bitcoin, falling into the latter’s halving event.

If historical trends hold up this time around, LTC will continue to rally against BTC — potentially doubling from 0.0148 where it is now to around 0.0270 — in the coming three-odd months. If Bitcoin continues higher from here, this rally in the altcoin could translate into a $250+ Litecoin by the time of the halving.

Hype Growing For the Bitcoin Halving Too

Litecoin’s halving isn’t the only one being widely anticipated by the cryptocurrency industry. Just weeks ago, two actually, Bitcoin’s halving countdown fell to just one year.

The inflation of most assets can be hard to predict. Just look at the Venezuelan Bolivar as a perfect case in point. But with Bitcoin, we can determine what its inflation will be in ten years, but not the U.S. dollar. For all we know — and as some cynics speculate — something like the U.S. Dollar may be subject to hyperinflation by the next decade, as a result of fiscal irresponsibility and mismanagement.

This, coupled with the simple laws of supply and demand, have led many in the industry to suggest that the next halving will be entirely bullish for the Bitcoin price. In fact, Bloomberg reports that in a recent Twitter poll, 61% of some 2,500 users believed that BTC will rally into May 2020 and afterward, citing supply and demand economics to back their cheery expectations. But will this really happen?

We’ll have to wait and see.

Title Image Courtesy of Marco Verch Via Flickr

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Ethereum News

Litecoin Closing on BCH as Halving FOMO Pumps LTC

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There has been very little action for the majority of cryptocurrencies over the past day or two. Bitcoin’s consolidation has left the rest of the altcoins in limbo. There are a couple moving though and Litecoin keeps strengthening as fundamentals push LTC even higher.

Crypto markets have barely moved in the past couple of days as Bitcoin teeters on the edge of a big correction. There is always a bit of fomo going on though and Litecoin is getting it with another 10 percent gained today.

With less than 60 days to go before the LTC halving event, Litecoin is looking strong. Over the past few hours it has surged from just over $100 to $112 according to tradingview.com.

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Momentum is building as the premise of reduced supply and increased demand and mining difficulty in less than two months drives prices higher. Scarcity is a big driver of demand and with almost 74% of all Litecoins already minted there is only 21.8 million left to be mined. Many have advocated that the silver to Bitcoin’s gold should really be priced at around 10 percent of BTC. This would put Litecoin at $780 at current prices.

Back to reality, resistance currently lies around $120 which is where LTC topped out during the recent run late last month. It is the highest price Litecoin has reached in 2019 and an epic 300 percent higher than it was trading at on January 1st.

Daily volume has reached $4.7 billion which has sent market cap hurtling towards $7 billion. At the time of writing LTC was only $100k or so behind Bitcoin Cash so a flippening for fourth could well be imminent. EOS has dumped in recent days and is now over $1 billion in market cap behind Litecoin.

Network hash rate is also at an all-time high and is likely to increase over the next 60 days. According to the charts hash rate is currently 373.918 Thash/s which is the total amount of computing resources dedicated to the network. According to the official website the increase may be caused by the rumored new L5 Bitmain ASIC Scrypt miner that has been hinted at online.

If Bitcoin corrects further as expected, Litecoin may well drop back below $100, but it won’t stay there for long. There is every possibility that it could double from current prices as we approach August. The fomo is pretty strong leading up to a halving event as past events have shown.

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