Litecoin Block Reward Halving Countdown

Reward-Drop ETA date: 04 Aug 2023 19:05:03 UTC

As part of Litecoin's coin issuance, miners are rewarded a certain amount of litecoins whenever a block is produced (approximately every 2.5 minutes). When Litecoin first started, 50 litecoins per block were given as a reward to miners. After every 840,000 blocks are mined (approximately every 4 years), the blockreward halves and will keep on halving until the block reward per block becomes 0 (approximately by year 2142). As of now, the block reward is 12.5 coins per block and will decrease to6.25 coins per block post halving.

Litecoin was designed as a deflationary currency. Like gold, the premise is that over time, the issuance of litecoins will decrease and thus become scarcer over time. As litecoins become scarcer and if demand for them increases over time, Litecoin can be used as a hedge against inflation as the price, guided by price equilibrium is bound to increase. On the flip side, fiat currencies (like the US dollar), inflate over time as its monetary supply increases, leading to a decrease in purchasing power. This is known as monetary debasement by inflation. A simple example would beto compare housing prices decades ago to now and you'll notice that they've increased over time!

Since we know Litecoin's issuance over time, people can rely on programmed/controlled supply. This is helpful to understand what the current inflation rate of Litecoin is, what the future inflation rate will be at a specific point in time, how many litecoins are in circulation and how many remain left to be mined.

The network itself controls the issuance of litecoins, derived by consensus through all Litecoin participants. Ever since Litecoin was first designed, the following consensus rules exist to this day:

The first halving event occurred on the 25th of August, 2015 at block height 840,000.The second halving event occurred on the 5th of August, 2019 at block height 1,680,000.

It is always a debate on what Litecoin will do in terms of pricing for a halving event. Some people believe that the halving is already priced in by the market and thus there's no expectationfor the price to do anything. Others believe that due to price equilibrium, a halving of supply should cause an increase in price if demand for litecoins is equal or greater than what it was beforethe halving event. Below is a chart showing past price performance of the two halving events:

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Litecoin Block Reward Halving Countdown

Litecoin shoots up by 4620% – Not price, but… – AMBCrypto News

One of the biggest disadvantages of Litecoin is its lack of demand, when compared to other altcoins in the market. At the same time, one of its biggest advantages also happens to be the lack of demand. That, in a weird way, is worth a milestone in itself.

Understandably, the silver to Bitcoins gold blew up on social media channels on the back of its achievement. In fact, its mentions increased by 4,620% within a matter of hours today.

This is the reason its lack of demand is an advantage since the rate of development on the blockchain is appropriate to its usage.

When either of the two factors exceeds or falls back, the network faces some sort of outage or downtime.

However, it isnt so that LTC has no demand at all. As one of the worlds most popular cryptos for payments, the altcoin is widely accepted. Just recently, for instance, it added Swiss luxury watchmaker Breitling to its list.

Worth pointing out, however, that these developments have meant zilch for LTCs price. The altcoin is still stuck in a downtrend, losing more than 15% of its value this week.Trading at $49 at press time, the crypto slipped back into the bearish zone, having barely escaped it after being stuck in it for almost three months.

At the moment, apart from utility, LTC isnt of much use for investors since it isnt bringing much profit to its holders. The return on investment over the last 12 months has declined significantly, with the same in the negatives right now.

Furthermore, only a few hundred thousand investors out of the millions that own LTC are still in profit. These investors bought their supply at a price lower than the alts current trading price. These investors make up just 13% of all LTC holders.

Given that Litecoins market value is also at its lowest in forever, it wouldnt be surprising if new investors refrain from putting their money into the asset. Even so, LTCs existing community will continue supporting it regardless.

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Litecoin shoots up by 4620% - Not price, but... - AMBCrypto News

Can Big Eyes (BIG), Litecoin (LTC), and Cardano (ADA) contribute to the internets transition into Web 3? – wknd.

By Emily Milton

Published: Thu 7 Jul 2022, 4:54 PM

As blockchain technology continues to rapidly develop, the cryptocurrency ecosystem continues to expand and gather popularity. In a time in which the internet has a significant impact on the way we as a society communicate, create, interact and engage with one another, blockchain technology is looking to transition the internet into the iteration of web 3. This iteration describes the third generation of the evolution of web technologies. The likes of cryptocurrencies, NFTs, and decentralised finances (DeFi) being completely integrated into society thus replacing traditional centralised banking institutions.

This article will explore how three particular crypto tokens can help the transition of the internet into its new iteration.

Can BIG have an impact on crypto?

If there is one way to aid the transition into web 3, it is by being distinct and authentic, which is exactly what the community-driven coin BIG is. BIG stands out from other meme coins through its choice of mascot, which is a large-eyed cat designed in the popular Japanese computer-generated animation known as anime. This contrasts with the traditional branding of popular meme tokens such as Dogleon Mars, Shiba Inu, and Dogecoin which all characterise themselves as dog coins. With Big Eyes having an anime-style cat as their mascot, it instantly gives them a unique selling point, an area not significantly explored in the meme sector of crypto.

Moreover, Big Eyes is also a community-governed token that plans to protect a vital part of the worlds environment by transferring prosperity into the decentralised finance ecosystem. It wants to give more to crypto by building a blockchain ecosystem that self-propagates for hyper-growth. Itll do this using NFTs to offer access to more events and content that make the blockchain hype-ship worth boarding.

Additionally, BIG aims to give 5 per cent of its earnings to ocean-based charities an aspect that should entice people and aptly links to the theme of cats with their stereotypical enjoyment of fish. Big Eyes plans to have 90 per cent of its 200,000,000,000 tokens available at launch - conveying its increased availability to the average crypto buyer. An anti elitist stance is most welcome by most in the community.

The fast and secure network Litecoin (LTC)

If there is any crypto coin that can contribute to the gradual internet transition it is LTC, a blockchain network that is designed to provide users with secure, fast, and inexpensive payments by leveraging the unique properties of blockchain technology.

Essentially, LTC is a peer-to-peer cryptocurrency that is an open-source, global payment network that is fully decentralised without any focused authority.

LTC is the second most popular pure cryptocurrency behind Bitcoin due to its substantial industry support, liquidity and trade volume. Its primary features are improved storage efficiency and rapid transaction confirmation times. For these reasons, Litecoin has the potential to further elevate crypto since it enhances blockchain technology by exhibiting quick speed and cost-effectiveness.

The proof-of-stake network Cardano (ADA)

Cardano (ADA) is known for being a proof-of-stake cryptocurrency that aims to provide innovators, visionaries and changemakers to bring positive evolution internationally. The proof-of-stake consensus mechanism is used to create new blocks in blockchains and process transactions. Cardanos derivation is a 16th-century Italian polymath Gerolamo Cardano. It is also the first blockchain network to be founded on peer-reviewed research as well as being developed through evidence-based procedures.

Essentially, the ADA currency exists to redistribute control from unaccountable structures to the margins while propelling progress and positive change. With a current market capitalisation of $14,871,746,454 and ranking eighth on CoinMarketCap, Cardano has shown that it has the potential to advance the internet through its efficient blockchain technology.

More information on Big Eyes:

Website: http://www.bigeyes.space/

Telegram: //t.me/BIGEYESOFFICIAL

Emily Milton is the communications head at New Age Digital.

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Can Big Eyes (BIG), Litecoin (LTC), and Cardano (ADA) contribute to the internets transition into Web 3? - wknd.

How Gnox (GNOX) Could Potentially Allow You To Quit Your Day Job The Same Way Early Bitcoin (BTC) And Litecoin (LTC) Investors Did – The Coin Republic

The vast majority of people getting involved in cryptos often have dreams of quitting their day job. After all, true financial freedom and the ability to just chill while you earn a living is the ultimate dream for nearly everyone. And with some cryptocurrencies in the past, most notably Bitcoin (and Litecoin), this dream has been more than realized for many. But if youre newer to crypto, you probably cant make retiring-early money from Bitcoin anymore. Even if prices do surge back up to something near all-time highs, youll still only be roughly doubling your money on current prices. Thats not retirement money. You need something thatll go bigger. Like those people who bought a thousand BTC when it was still only a few cents each. Now THATS quitting your day job money. So what options do you have? And how did people get rich with BTC and LTC? Lets have a look

The great thing about the Gnox protocol is that it gives you two ways to potentially quit your day job: price gains and long-term passive income. It isnt one or the other (unlike many other projects).

Gnox is up massively in just a few short weeks, at a time when the wider crypto market has seen huge losses. But this isnt a hedge, some analysts predict prices could surge even more if the wider market was in a healthier position. It has thrived despite market conditions, not because of them. And Gnox is still available in pre-sale at a discount, with more token burns planned to limit supply even more, the sky could be the limitand so could quitting your day job.

But its Gnoxs long-term passive income potential thats really got people talking. And GNOX investors are given an easy way to earn passive income, and potentially quit their day jobs, without many of the complications that are often associated with DeFi. Things like staking and liquidity pooling. Theyre hard to understand, and hard to manageespecially if youre new to crypto. And its things like that which put off newcomers to crypto rather than attract them. GNOX solves this issue with Yield Farming as a Service, a truly passive way to simply earn good yields from your holdings that anyone can enjoy, not just the tech-savvy or those well-versed in crypto.

Youve probably already heard some stories like this before, but theres a new generation of crypto millionaires thanks to BTC and to a lesser extent LTC. These coins saw massive gains, and those who got in early were more than able to quit their day jobs. But newcomers to crypto need new options for such gains, rather than simply relying on the established big coin. While BTC might pump back in price, it isnt going to see 100,000% gains like it once did.

You could still quit your day job if you invest in the right crypto. And many experts think GNOX could be that crypto.

Join Presale: https://presale.gnox.io/register

Website: https://Gnox.io

Telegram: https://t.me/gnoxfinancial

Discord: https://discord.com/invite/mnWbweQRJB

Twitter: https://twitter.com/gnox_io

Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

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How Gnox (GNOX) Could Potentially Allow You To Quit Your Day Job The Same Way Early Bitcoin (BTC) And Litecoin (LTC) Investors Did - The Coin Republic

Not Cardano, Ethereum or Litecoin but outflows were solely focused on – AMBCrypto News

The ongoing cryptocurrency market has continued to witness major liquidations. Following a $24 billion decline on 26 June, the total crypto market cap slipped by $9.17 billion on 27 June. At press time, the total liquidations over the last day stood at $137 million. It was down from $145 million as compared to 27 June.

This certainly seems to be the case with cryptocurrency holders as highlighted in the latest Digital Asset Fund Flows Weekly report. CoinShares noted that digital asset investment products suffered over $420 million in outflows last week. In fact, this has been the largest since records began by a wide margin as depicted here.

In terms of assets under management (AUM), last weeks outflows were the third-largest on record, representing 1.2% of the entire AUM of all funds that CoinShares tracks. The worst was outflows of 1.6% recorded during the 2018 bear market.

Geographically speaking, Canadian investors offloaded around $487.5 million worth of digital asset products last week. Importantly, United States-based investors accounted for more than half of the inflows with $41 million.

Nevertheless, the void remains too big to close and even the king coin suffered the repercussions.

The outflows occurred on 17th June but were reflected in last weeks figures due to trade reporting lags, and likely responsible for Bitcoins decline to $17,760 that weekend.

Bitcoin [BTC] led the exodus charge as outflows solely focused on Bitcoin. The king coin saw net outflows for the week totalling $453 million, erasing almost all inflows year-to-date and leaving total Bitcoin AuM at $24.5 billion, the lowest point since the beginning of 2021.

Apart from Bitcoin, other assets including Ethereum [ETH] ($10.9 million), Short Bitcoin ($15.3 million), Cardano [ADA] ($0.8 million), Tron [TRX] ($0.1 million), Polkadot [DOT] ($0.2 million), and other assets ($2.9 million) reported total inflows of $30 million last week. Overall, the result in net outflows reached a total of $423 million.

In addition, providers flow painted a similar picture as well. Stripping out the $493 million outflows reveals that other providers saw aggregate inflows totalling $70 million.

The withdrawals came from the Purpose Bitcoin ETF that stood at an amount equal to about 24,510 BTC. Furthermore, it is also likely that these enormous outflows are caused by a forced seller, thus leading to a huge liquidation.

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Not Cardano, Ethereum or Litecoin but outflows were solely focused on - AMBCrypto News

Here’s what could happen for Litecoin in the short term – FXStreet

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

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Here's what could happen for Litecoin in the short term - FXStreet

Why is Crypto Down ? Discover What Parody Coin (PARO) and Litecoin (LTC) Have to Offer – NewsBTC

Due to multiple different contributing factors like elevated inflation, the war in Ukraine and rising interest rates, crypto has had another bad start to June. This has seen some of the crypto giants like Bitcoin and Ethereum go down more than 35 per cent, with Bitcoin being at its lowest point in 18 months. Crypto experts all saw the massive drop of stablecoin TerraUSD at the beginning of May, so some analysts would say they predicted this bearish run would come.

Crypto analysts and experts are advising new investors to buy in the dip, as theyve seen similar patterns happen in the crypto market before. Where the market experiences a huge dip but throughout the years weve witnessed bear runs that turn into bull markets. Bitcoin will always remain one of the crypto giants, as some crypto enthusiasts say the world hasnt seen the last of Bitcoin.

Although some of these cryptocurrencies are experiencing some horrid times in the market, this may be the time to check an alternative coin that is yet to be launched and is still in its presale phase Parody Coin (PARO). We will also be looking at the cryptocurrency referred to as digital silver Litecoin (LTC).

Parody Coin is a deflation token, which means the number of coins in circulation will decrease over time. This happens so that the value of each coin rises if the demand remains consistent over a period of time.

The native token of Parody Coin is PARO, through its token users will be able to trade, mint and interact with Parody NFTs. On the Parody Coin website, it says that they aim to give their users full control through a carefully designed passive income system.

In terms of exchanging, Parody Coin users will be allowed to exchange with other blockchain assets, these exchanges will primarily happen in decentralised exchanges (DEX) and liquidity pools. In addition to having a smooth operating exchange system, Parody Coin also has a lot of key features which are: Parody Market, Parody Bridge and Parody Swap.

Litecoin (LTC) is a cryptocurrency that was specifically made to provide fast, secure and cheap payments by leveraging the unique properties of blockchain technology.

Similar to Bitcoin, Litecoin is established on an open-source global payment structure that isnt controlled by any central authorities. Litecoin differentiates itself from Bitcoin in two aspects, a faster block generation rate and the use of Scrypt as a proof-of-work concept.

Litecoin differentiates itself by enabling low-cost transaction fees, the capability to handle more transactions per second than Bitcoin, a particularly different hashing algorithm and putting more emphasis on merchant and retailer adoption.

Alternative coins and new projects are a venture that beginner investors should take a look into.

As Parody coin has tons of detailed information on its website and whitepaper, this could reassure investors that Parody coin sets to propel their token to the top of the crypto market once launched. Whilst Parody is at the beginning of its third presale phase, now would be your best chance to acquire the token for cheap.

Parody Coin (PARO)

Presale: https://presale.parodycoin.io/registerWebsite: https://parodycoin.io/Telegram: https://t.me/PARODYCOIN_OFFICIAL

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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Why is Crypto Down ? Discover What Parody Coin (PARO) and Litecoin (LTC) Have to Offer - NewsBTC

Why Bitcoin-, Ethereum- And Litecoin-Related Stocks Are Diving – Benzinga – Benzinga

Shares of crypto-related stocks, including Bitfarms Ltd BITF, Coinbase Global Inc COIN and Riot Blockchain Inc RIOT, are all trading lower Thursday morning amid overall market weakness and a pullback in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Bitcoin is trading 1.44% lower Thursday morning at around $39,100.

Ethereum is trading 1.31% lower Thursday morning at around $2,900.

Bitfarms provides computing power to cryptocurrency networks such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash, earning fees from each network for securing and processing transactions.

Bitfarms is trading lower by 4.98% at $3.05 per share.

Coinbase is the leading cryptocurrency exchange platform in the United States.

Coinbase is trading lower by 7.18% at $120.80 per share.

Riot Blockchain is focused on building, supporting and operating blockchain technologies. The company's portfolio consists of Verady, Tesspay, Coinsquare and others.

Riot Blockchain is trading lower by 4.93% at $11.00 per share.

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Why Bitcoin-, Ethereum- And Litecoin-Related Stocks Are Diving - Benzinga - Benzinga

What Is Litecoin? How Does It Work? – Forbes

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.

While you might not see Litecoin (LTC) in headlines nearly as often as Bitcoin (BTC), its still one of the most popular cryptocurrencies. Its also the oldest crypto after Bitcoin.

As its name suggests, Litecoin was originally created to improve several of Bitcoins perceived shortcomings, such as slow transaction processing speeds and mining monopolies. LTC is built to be used in everyday transactions, whereas Bitcoin has evolved into more of a store of value.

Created by former Google engineer Charlie Lee, Litecoin was one of the first altcoinsa name given to cryptocurrencies other than Bitcoin (and sometimes other than Ethereum).

Litecoin is the second-oldest cryptocurrency, forked from the Bitcoin protocol in 2011, says Jay Blaskey, digital currency specialist at BitIRA. It was engineered to be used for fast, secure and low-cost payments. Think of it as a Bitcoin spinoff.

The goal in launching Litecoin was to improve on Bitcoin in a few different ways. For one, Lee developed a new hashing algorithm for Litecoin called Scrypt (pronounced S-crypt). The simpler algorithm supported Litecoins faster transaction speeds. Bitcoin has a slow transaction processing speed of roughly five transactions per second. Generating new blocks on the Bitcoin blockchain can take about 10 minutes.

This slow transaction speed frustrates merchants who want to accept Bitcoin as payment. You can wait up to an hour, on average, for the six confirmations required for a Bitcoin transaction. Imagine buying something online using a credit card and being on that your transaction is processing screen for an entire hour.

Litecoins transaction processing speed, on the other hand, is 54 per secondand new blocks on the Litecoin blockchain can be created about every 2.5 minutes. While Litecoin still requires a minimum of six confirmations from most exchanges to be considered irreversible, peer-to-peer (P2P) crypto payment networks can often settle Litecoin transactions almost immediately.

The improved transaction speed was meant to prove to merchants that they no longer had to be frustrated by Bitcoins long settlement time. Instead, they could accept Litecoin and settle payments faster and, therefore, conduct business more quickly and at speeds more on par with other digital payment methods.

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Litecoin shares several similarities with Bitcoin. Both are open-source projects that use proof of work to verify transactions.

But Litecoin has some notable differences from Bitcoin, too. Besides processing speed, theres the issue of supply. While Bitcoin is capped at a maximum supply of 21 million coins, Litecoin is capped at 84 million coins.

Litecoin miners solve complex mathematical problems called hashes to earn the right to record new transactions to the blockchain.

The blockchain cannot be altered once a block is closed. As a reward for being the first miner to correctly solve the hash associated with a transaction via the proof of work consensus mechanism, the miner receives 12.5 LTC.

Litecoin mining operations arent something youll typically see running on a computer out of someones living room. Solving hashes requires immense computing power, which requires significant energy and space.

In fact, the lions share of Litecoin mining is performed by mining farms and pools of crypto miners using sophisticated hardware.

To help control Litecoins supply, Litecoin halves just like Bitcoin.

Litecoins supply is capped at 84 million coins. Yet when miners add a new block to Litecoins blockchain, theyre rewarded with newly-generated LTC. This could indefinitely increase the supply of Litecoin if it werent for halving.

Through halving, the miner reward for successfully recording new blocks to the Litecoin blockchain is decreased (halved) at regular intervals. In Litecoins case, its every 840,000 transactions. So when Litecoin first launched, the miner reward for adding a new block to Litecoins blockchain was 50 LTC. Over the past few years, that reward has decreased via halving to 12.5 LTC as a block award.

The next LTC halving is expected to happen in 2023.

Litecoin is highly liquid, which makes it a crypto for easier trades. In fact, Litecoin holders will find that merchants such as Newegg, SlingTV and even nonprofits like the American Red Cross are happy to accept their cryptocurrency.

You can also use digital currency apps like BitPay or CryptoPay to make a payment using LTC. If you want to use LTC for P2P payments, you can use the Binance app to pay someone with LTC.

From the get-go, without any additional tech layers added on top of the Litecoin blockchain, its a faster cryptocurrency to transact than Bitcoin, and it does so more cheaply.

At the time of this writing, Bitcoin transaction fees were significantly higher, at around 3.92% on average, compared with Litecoins transaction fees of roughly 0.06%.

In 2017, Litecoin creator Charles Lee divested himself of most of his Litecoin holdings, citing a conflict of interest, and Lees action caused some loss of faith in the crypto.

Something that caught the investors eye and had an impact on the investors confidence is that in 2017, Charles Lee, Litecoins founder, has sold his stake in Litecoin, says Claudiu Minea, CEO and co-founder of SeedOn, a blockchain-based crowdfunding platform.

While designed to have a faster TPS than Bitcoin, Carlos Gonzlez Campo, research analyst at 21Shares, says, Layer-2 solutions on top of Bitcoin like the Lightning Network have both sped up Bitcoin transactions and potentially diminished the need for Litecoins use case as a faster payment network.

There are also newer cryptocurrencies with faster TPS speeds. These include EOS at 4,000 TPS, XRP at 1,500 TPS and Cardano at 257 TPS, to name just a few.

While Litecoin remains one of the most-traded cryptocurrencies, does it make for a sound crypto investment?

Blaskey of BitIRA says that Litecoin might be a fit for a seasoned cryptocurrency investors portfolio who appreciate its staying value and flexibilityespecially those who want a combination store-of-value asset with the side benefit of convenient transactions.

Litecoin could be a decent place to place a small stake to get used to the ins and outs of crypto trading for the newer crypto investor, some experts say.

On whether LTC is a good choice for your wallet, Minea surmises, There are other blockchain competitors that people can choose from, however, Litecoin still remains a relevant choice.

Before you invest in Litecoin, learn how to buy Litecoin and read up on cryptocurrency wallets. Speak with a financial advisor about how much you could realistically invest in cryptocurrency based on your unique financial goals.

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What Is Litecoin? How Does It Work? - Forbes

GRAYSCALE LITECOIN TRUST (LTC) Management’s Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q) – Marketscreener.com

The following discussion and analysis of our financial condition and results ofoperations should be read together with, and is qualified in its entirety byreference to, our unaudited financial statements and related notes includedelsewhere in this Quarterly Report, which have been prepared in accordance withgenerally accepted accounting principles in the United States ("U.S. GAAP"). Thefollowing discussion may contain forward-looking statements based on assumptionswe believe to be reasonable. Our actual results could differ materially fromthose discussed in these forward-looking statements. Factors that could cause orcontribute to these differences include, but are not limited to, those set forthunder Part II, Item 1A. Risk Factors in this Quarterly Report and under "RiskFactors" or the other sections of the Information Statement.

Trust Overview

Critical Accounting Policies and Estimates

Investment Transactions and Revenue Recognition

Principal Market and Fair Value Determination

Second, the Trust sorts the remaining Digital Asset Markets from high to low byentity-specific and market-based volume and activity of LTC traded on eachDigital Asset Market in the trailing twelve months.

Investment Company Considerations

Review of Financial Results (unaudited)

Financial Highlights for the Three and Nine Months Ended March 31, 2022 and 2021

(All amounts in the following table and the subsequent paragraphs, except Shareand per Share, LTC and price of LTC amounts, are in thousands)

Cash Resources and Liquidity

Selected Operating Data

Nine Months Ended March 31,

Digital Asset Holdings per Share using Index Price (3) $ 11.23 $ 17.90

(1)

Historical Digital Asset Holdings and LTC Prices

115.75 3/30/2018 $ 119.70 $ 118.16Twelve months ended March31, 2019

22.48 12/14/2018 $ 60.23 $ 60.95Twelve months ended March31, 2020

32.16 3/16/2020 $ 39.05 $ 39.05Twelve months ended March31, 2021

37.57 4/1/2020 $ 193.39 $ 193.39Twelve months ended March31, 2022

22.48 12/14/2018 $ 124.36 $ 124.36

The following chart sets out the historical closing prices for the Shares asreported by OTCQX and the Trust's Digital Asset Holdings per Share.

--------------------------------------------------------------------------------

The following chart sets out the historical premium and discount for the Sharesas reported by OTCQX and the Trust's Digital Asset Holdings per Share.

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Edgar Online, source Glimpses

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GRAYSCALE LITECOIN TRUST (LTC) Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q) - Marketscreener.com

Litecoin (LTC), Low Volatility but Falling Thursday: Is it Time to Cash Out? – InvestorsObserver

Litecoin (LTC) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the Digital Money has lost 9.72% to $95.75.

The Volatility Gauge follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility.LTC's low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

Litecoin price is trading near resistance. With support at $88.75 and resistance around $96.29. This leaves Litecoin with potential selling pressures ahead as it may be getting over extended.

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Litecoin (LTC), Low Volatility but Falling Thursday: Is it Time to Cash Out? - InvestorsObserver

The Finest Of Cryptos Parody Coin, Litecoin, and Cardano – Cardano Feed

According to CoinMarketCap.com, there is an estimate of over 17,000 cryptos currently in the market! All are created with different utilities and purposes. When searching for a coin that will best suit your immediate needs and long-term goals, you can often become overwhelmed, so weve researched for you.

With more than thousands of cryptocurrencies competing in the market, choosing the best one for you is not an easy task, especially if you are just getting started with crypto. Maybe youve heard your friends are investing all their money in big crypto names like Ethereum and Shiba, and while it is true, they have made millions, the investors who have made the most money invested in presales.

Presales allow you to buy coins for a premium price, and when the price value increases, you may choose to sell your coins for a larger price, allowing you to maximize your profits.

The Parody Coin (PARO) is a deflationary utility coin built on a Binance Smart Chain (BEP-20). After its announcement to the public, the Parody Coin token quickly became popular among investors due to its many passive income possibilities. These are mostly possible through minting, trading, and marketing parodies of popular NFTs.

The NFT industry is undergoing exponential growth, and every crypto enthusiast is looking forward to joining. This makes Parody your next best investment, as it offers a user-friendly decentralized application (DApp) where you can mint parodies of favorite NFTs on BNB Chain, Ethereum other blockchains. You can also put up their NFT Parody for sale and buy from other investors.

But Parody is not just about NFTs, and the platform has three other main forms of utility, as follows:-

Despite having begun its presale just recently, Parody Coin became everyones favorite early on as investors rushed to join in. Why? Experts confirm that the system of Parody Coin allows users more control over their money than other blockchains while having the possibility to generate revenue for themselves in a variety of ways. About 300 million PARO coins were pre-mined before the Initial DEX Offering (IDO) on PancakeSwap, and the live price of PARO is $0.002.

Likewise, many cryptocurrencies are ready to invest in the increasingly lucrative world of NFTs. For instance, Explora Chain (EXPL) was developed to provide investors with a new revolutionary passive income platform. It features futuristic elements such as a launchpad, play-to-earn (P2E) games, and an NFT marketplace. Their marketplace is well-developed regarding cross-chain interoperability and allows NFTs to be held, exchanged, and minted.

Following the steps of the first market-leading cryptocurrency, Bitcoin (BTC), Litecoin (LTC) was launched in 2011 and soon became famous as the silver to Bitcoins gold. Litecoin is based on an open-source global payment network independent from the control of a central authority and third-party intermediaries.

As a peer-to-peer (P2P) digital finance currency with no central authority, the network offers instant and near-zero cost payments. Surpassing its competitors in terms of faster block generation rate and faster transaction confirmation time, the network and its native token continue to attract an increasing number of merchants that accept Litecoin.

Todays Litecoin price is $113,07, with a 24-hour trading volume of $611.1 Million. The current CoinMarketCap ranking is #21, with a live market cap of $7.9 Billion. Litecoin (LTC) has a circulating supply of 70 Million LTC coins and a total supply of 84 Million.

On their website, Cardano claims to have been developed for change-makers, innovators, and visionaries, which is seen in the many innovative and revolutionary features the blockchain offers.

Created by the co-founder of Ethereum and launched in September 2017, Cardano (ADA) is a proof-of-stake (PoS) blockchain with a special dual-layer system.

Cardanos team prides itself on its focus to push for global innovation and market improvement and admits to conducting extensive research before launching the open-source blockchain. Their research continues to be largely focused on building a secure and highly functional decentralized network.

The network was named after the 16th-century Italian polymath Gerolamo Cardano while the token references the 19th-century mathematician Ada Lovelace. This cryptocurrency is one of the fastest-growing coins, and the Cardano price is $1,08, with a 24-hour trading volume of $901.7 Million. The live CoinMarketCap ranking is #8, with a current market cap of $36.4 Billion. Cardano (ADA) has a profit target of $1.33, and experts suggest the price growth rate will soon skyrocket.

https://presale.parodycoin.io/

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The Finest Of Cryptos Parody Coin, Litecoin, and Cardano - Cardano Feed

Litecoin: A potential breakout would mean this for investors – AMBCrypto News

Litecoins (LTC) July-November 2021 bull run saw exceptional gains that halted near the 61.8% Fibonacci resistance. Since then, LTC has steeply downturned within the bounds of multiple reversal patterns.

The wider market correction stalled LTCs northbound trajectory from the 23.6% Fibonacci resistance. Now, a potential break from its current reversal pattern could brace the alt for a test of the $114-zone. At press time, LTC traded at $104.68.

LTC Daily Chart

Source: TradingView, LTC/USD

The buyers decisively guarded the 14-month-long support near $98. Hence, the altcoin registered an over 45.9% ROI from its yearly low on 24 February toward the 23.6% level. But following Bitcoins weekly double-digit fall, LTC dipped in a falling wedge (white) on its daily chart.

As a result, the EMA ribbons undertook a bearish flip after the sellers propelled high sell-offs and pushed the price toward the lower band of Bollinger Bands (BB). Also, while the 200 EMA (green) still looked south, the bears kept the long-term trend under their influence.

A potential break above the current reversal pattern would provoke a bullish revival toward the immediate trendline resistance (white, dashed). Then, considering the steepness of the near-term EMAs, LTC could continue a squeeze phase $114-$106 range.

Rationale

Source: TradingView, LTC/USD

The RSI lost its momentum soon after the price hit the 23.6% Fibonacci ceiling. It depicted a sellers market while falling into a down-channel. A compelling close above the 38-mark would hint at a near-term recovery on which the bulls can capitalize.

The acute polarity between the Aroon indicators keeps up the bullish revival hopes. While the Aroon up (yellow) approached the zero-mark, any revival from this level would favor the buyers.

Conclusion

As the price oscillated in the confines of a falling wedge while reaching near the lower band of BB, LTC had a tangible potential to test the $114-zone in the coming days. With the 20 EMA still looking south, the bears would then try to push the price below and initiate a tight phase.

Moreover, LTC shares a monstrous 93% 30-day correlation with the king coin. A close eye on Bitcoins movement would be imperative to make a profitable move.

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Litecoin: A potential breakout would mean this for investors - AMBCrypto News

Why Bitcoin-, Ethereum- And Litecoin-Related Stocks Gained Today – Benzinga – Benzinga

Shares of crypto-related stocks, including Bitfarms Ltd BITF, Coinbase Global Inc COIN and Riot Blockchain Inc RIOT, all tradedhigher during Wednesday's session amid an increase in the price of Bitcoin BTC/USDand Ethereum ETH/USD.

Bitcoin is trading 2.8% higher Wednesday afternoon at around $41,200.

Ethereum is trading 1.6% higher Wednesday afternoon at around $3,100.

Litecoin is trading 4.8% higher Wednesday afternoon at around $110.05.

Bitfarms provides computing power to cryptocurrency networks such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash, earning fees from each network for securing and processing transactions.

Bitfarms is trading higher by 10.0% at $3.39 per share.

Coinbase is the leading cryptocurrency exchange platform in the United States.

Coinbase is trading higher by 3.3% at $154.79 per share.

Riot Blockchain is focused on building, supporting and operating blockchain technologies. The company's portfolio consists of Verady, Tesspay, Coinsquare and others.

Riot Blockchain is trading higher by 3.5% at $16.01 per share.

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Why Bitcoin-, Ethereum- And Litecoin-Related Stocks Gained Today - Benzinga - Benzinga

Shiba Inu and 9 Other Cryptocurrencies to buy in Robinhood – Analytics Insight

Robinhood allows customers to buy cryptocurrencies with no commissions automatically on a scheduled basis.

Robinhood Markets Inc. included four new cryptocurrencies on its platform, including the Shiba Inu coin, in a win for proponents who had long argued in favor of the joke token becoming available for trading. Robinhood is beefing up its cryptocurrency capabilities. It now allows customers to buy cryptocurrencies with no commissions automatically on a scheduled basis. Robinhood opened up a waitlist for its crypto wallets and more than 1 million customers have signed up so far. This article features the top 10 cryptocurrencies along with Shiba Inu to buy in Robinhood.

Shiba Inu (SHIB) is an Ethereum-based token that was launched as an alternative to Dogecoin (DOGE) in August 2020 by an anonymous person or group under the name Ryoshi. Shiba Inu and the SHIB token are part of a swarm of dog-themed cryptocurrencies, including Baby Dogecoin (BabyDoge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS), and Alaskan Malamute Token (LASM).

Bitcoin (BTC) was founded in 2008 by a pseudonymous person or group calling themselves Satoshi Nakamoto. Bitcoin is a digital currency that doesnt rely on intermediaries or governments to facilitate peer-to-peer transactions. The maximum amount of bitcoin that can ever exist is 21 million. Bitcoin is divisible by eight decimal places. It is one of the best cryptocurrencies along with Shiba Inu to buy in Robinhood.

Bitcoin Cash (BCH) was created in 2017 as a result of a spinoff (a.k.a. a hard fork) of Bitcoin. Bitcoin Cash has a larger block size than Bitcoin, allowing more transactions to be processed. Like Bitcoin, Bitcoin Cash is a digital currency that can be used for peer-to-peer transactions. The maximum amount of BCH that can ever exist is 21 million.

Compound is an algorithmic, autonomous interest rate protocol built for developers to create open financial applications. It was created in 2017 by entrepreneurs Robert Leshner and Geoffrey Hayes. Compound allows users to earn interest by depositing crypto into lending pools that can be accessed by borrowers. It is one of the best cryptocurrencies along with Shiba Inu to buy in Robinhood.

Dogecoin (DOGE) was founded by software engineers Billy Markus and Jackson Palmer and was launched in 2013. Dogecoin was created to make digital currency more fun, friendly, and approachable. Similar to bitcoin, dogecoin is a digital currency that can be used for peer-to-peer transactions. There is currently no hard cap on the total supply of DOGE.

Ethereum (ETH) was launched in 2015. Ethereum is a decentralized blockchain that supports smart contracts-essentially computer programs-that can automatically execute when certain conditions are met. The native cryptocurrency-essentially computer programs of the platform are called ether or Ethereum. It is one of the best cryptocurrencies along with Shiba Inu to buy in Robinhood.

Ethereum Classic (ETC) was created in 2016 as the result of a spinoff (a.k.a. a hard fork) of the original Ethereum network. Like Ethereum, Ethereum Classic is a decentralized computing network that supports smart contracts-essentially computer programs-that can automatically execute when certain conditions are met.

Litecoin (LTC) was founded by Charlie Lee in 2011 and is a spinoff of Bitcoin. Similar to bitcoin, Litecoin is a digital currency that can be used for peer-to-peer transactions. Litecoin confirms transactions every 2.5 minutes as opposed to bitcoins every 10 minutes. It is one of the best cryptocurrencies along with Shiba Inu to buy in Robinhood.

Polygon (previously Matic Network) is a decentralized Ethereum scaling platform that enables developers to build user-friendly apps with low transaction fees. Polygon claims to be able to process up to 65,000 transactions per second with network fees of a fraction of a cent. The native token used to pay for transaction fees on Polygon is called MATIC, which has a maximum total supply of 10 billion.

Solana is a decentralized blockchain built to enable scalable, user-friendly apps that were launched in 2017 by the Geneva-based Solana Foundation and San Francisco-based Solana Labs. Solana can theoretically process up to 65,000 transactions per second with low fees by combining proof-of-stake and proof-of-history consensus mechanisms. It is one of the best cryptocurrencies along with Shiba Inu to buy in Robinhood.

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Heres why Mozilla wont accept Bitcoin, Ethereum as crypto donations – The Indian Express

Mozilla, the company behind Firefox browser will no longer accept proof-of-work cryptocurrencies, which are more energy intensive. This means Bitcoin, Ethereum, Litecoin, Dogecoin, etc, wont be accepted as crypto donation. Proof-of-work or PoW requires high-end equipment and mining devices to function, making it energy inefficient. These mining centers then release massive carbon dioxide affecting the environment ultimately.

According to Digiconomist, Ethereum consumes about 112 terawatt-hours of electricity per year, which is comparable to that of Netherlands and more than what Philippines or Pakistan use. A single transaction on Ethereum is equivalent to the power consumption of an average US household for over nine days.

A single Ethereum transaction also equals the energy consumption of more than 1,50,000 Visa card transactions. In the case of Bitcoin, its even higher 137 terawatt-hours of electricity per year.

Therefore, Mozilla will only accept proof-of-stake cryptocurrencies. Some of the popular PoS cryptocurrencies are Solana, Cardano, Polkadot, etc. PoS only allows a few crypto miners or validators to mine cryptocurrency. This means less computational power is required. So, high-tech mining equipment is not needed, reducing the mining energy significantly.

Mozilla said that these decisions are informed by its climate commitments. In January 2021, Mozilla pledged to significantly reduce our greenhouse gas footprint year over year, aiming to exceed the net zero emissions commitment of the Paris Climate Agreement.

In our climate commitments, we also promised to help develop, design, and improve products from a sustainability perspective. We believe that Mozilla can play a positive role in the industry by encouraging those cryptocurrencies that we do accept to be transparent about their energy consumption patterns, the company said in a blog post.

Earlier, in January, Mozilla had paused the ability to donate cryptocurrency and announced to conduct a review to understand cryptocurrencys environmental impact, and determine if and when Mozilla should accept cryptocurrency donations.

Meanwhile, Ethereum is nearing a massive upgrade that will change its infrastructure and make it consume about 99 per cent less energy. Ethereum developers are planning to do this by shifting from a Proof-of-work model to Proof-of-stake. However, as of now it is unclear when the transition will happenand currently, Ethereum operates on PoW algorithm.

In other news, crypto storage company Blockstream and Former Twitter CEO Jack Dorseys Bitcoin development firm Block Inc announced to collaborate to build an open-source and solar-powered bitcoin mining facility in the United States.

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Heres why Mozilla wont accept Bitcoin, Ethereum as crypto donations - The Indian Express

IFC Markets adds four new Crypto Currency pairs – Bitcoin and Ethereum, Litecoin and Ripple to its piggy bank of instruments – 69News WFMZ-TV

IFC Markets offers its clients to always replenish instruments, while traders around the world can trade CFDs on the most popular cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ripple (XPR) 24/7 with a broker. In addition, traders can use the IFC Markets' GeWorko Portfolio Quoting Method and create their own artificial instruments.

LIMASSOL, Cyprus, April 01, 2022 /PRNewswire-PRWeb/ -- IFC Markets, internationally recognized CFD Forex Broker, announces the addition of four new Cryptocurrencies to its 600+ instruments.

IFC Markets' offers its clients advanced charting tools for stocks, crypto instruments. They can now benefit from the added ability to trade four cryptocurrencies - Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ripple (XPR) for 24/7.

Traders around the world will now be able to trade not only CFDs on crypto futures, but also the four added top selling cryptocurrency CFDs on BTC, ETH, as well as LTC, XPR with a market capitalization of over $846, $361, $7,69 and $37 billion, respectively. In addition, traders can use IFC Markets' GeWorko Portfolio Quoting Method, which is a unique trading method that received a US patent in 2019. It allows the creation of portfolios from a variety of financial assets and reflects the value of one portfolio relative to another in a historical retrospective.

We should warn you that you need to understand how CFDs work and whether you can afford the risk of losing money.

Forex Broker also offers leverage of 1:8 on Bitcoin and Ethereum cryptocurrencies, so you will be able to trade cryptocurrency pairs 24/7 with IFC Markets.

You should also be smart about using leverage, even though it may increase your profits, it's risky nonetheless. Leverage is not for everyone.

About IFC Markets

IFC Markets is an award-winning international Forex & CFD broker with 16 years of experience in the financial markets. It has more than 185,000 clients from 80 countries worldwide. IFC Markets offers its clients a wide range of financial instruments and provides online support in 12 languages. Broker has loyal clients based in Iran, Canada, Vietnam, Brazil and many more countries. IFC Markets is an ever evolving experienced forex broker with a number of proprietary innovations. Was honored with 7 international awards for its hard work in 2020 and 2021. There are also contests, bonus programs and promos that IFC Markets is running on a regular basis. IFC Markets has an exceptional educational platform for novice and more experienced traders and also works with Forex expert analysts to host educational webinars f.e. Cryptocurrency, Auto-chartist, Forex Educational Courses, etc.

IFCMARKETS. CORP. is incorporated in the British Virgin Islands under registration number 669838 and is licensed by the British Virgin Islands Financial Services Commission (BVI FSC) to carry out investment business, Certificate No. SIBA/L/14/1073

IFC Markets Ltd is registered under No. LL16237 in the Federal Territory of Labuan (Malaysia) and is licensed by the Labuan Financial Services Authority (license number MB / 20/0049).

CALDOW LIMITED with its registered address at Arch. Leontiou 187, 4th floor, 3020, Limassol, Cyprus is a payment agent of IFC MARKETS LTD incorporated in the Republic of Cyprus under registration number HE 335779.

Media Contact

Vahe Chobanyan, IFC Markets, 374 91205529, vahe.chobanyan@ifcmarkets.com

SOURCE IFC Markets

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IFC Markets adds four new Crypto Currency pairs - Bitcoin and Ethereum, Litecoin and Ripple to its piggy bank of instruments - 69News WFMZ-TV

5 Cryptos If You Missed Out on Bitcoin 47k High – Analytics Insight

Missed out on Bitcoin? Crypto investors have the top five cryptos to drive profit in 2022

Warren Buffet called it rat poison and with no unique value. Other top traders noted a crash to 50% of its value within two months. But no one can argue against Bitcoins knack for going against popular opinion.

Bitcoin hit its all-time high of $68k in November last year before prices tumbled in late January 2022 to just 33k. It has since rallied to a price over $47,000 to post its highest price of 2022 so far. Had you invested $1000 at Bitcoins lowest point this year, you could be selling up for $1,420 some two months later.

Bitcoin now faces an important battle. Bitcoin could continue this bullish run and continue to climb towards its all-time high or even beyond. Equally, Bitcoin prices could crash, making right now a tricky time for investors.

If you didnt buy up Bitcoin at its low of $33k this year, here are 5 other cryptos to look at if you missed Bitcoins local high this time around.

Current price: $0.0000004652

Current market cap: $230 million

EverGrow Coin is on the verge of dropping two new applications, which are each groundbreaking in their own right. Crator is the worlds first content subscription platform to facilitate crypto and fiat currencies, and with an easy interface to attract new users with no experience in crypto. Crator will charge just 5% commission on payments, compared to OnlyFans 20% and Patreons 9-12%.

EverGrow Coin will also drop an NFT marketplace that will become the first to allow borrowing against NFT assets. Loans can be overcollateralized with NFTs and allow owners to find new income streams rather than just trading their digital art and music assets.

With a modest market cap at $230 million and two utilities to drop within weeks, EverGrow Coin could be the next top crypto gainer.

Current price: $3,343

Current market cap: $402 billion

Most cryptocurrencies rise in price following a surge in Bitcoin prices. Despite being the second-largest token by market cap, and with a developer platform that Bitcoin doesnt have, Ethereum tends to follow this trend. Its all-time high of $4,891 was hit in November last year at the same as Bitcoins all-time high.

But this could all change in 2022. Ethereum is moving to a new consensus mechanism that will speed up processing times and drastically reduce Ethereums gas fees. These fees fluctuate depending on the activity but have historically been over $50 per transaction many times exceeding the value of the transaction at hand.

If Ethereums network shift is swift and successful, it could de-couple from Bitcoin in its race for a new all-time high.

Current price: $0.495

Current market cap: $9.2 billion

Cronos has had a rapid rise in the last few weeks to jump into #18 place according to CoinMarketCap. Cronos (CRO) is the native token of the Cronos Chain developed by the Crypto.com payment and financial services company. Crypto.com also has a mobile payments app aimed at attracting newcomers to cryptocurrencies.

Cronos is likely to become a name on many peoples lips as last week it was announced as a sponsor for the Qatar FIFA World Cup this 2022. If more people buy in this summer, now could be a good time to start accumulating.

Current price: $2.78

Current market cap: $5.1 billion

Decentraland is the biggest metaverse cryptocurrency right now, with the market cap of its MANA token growing from about $200 million this time last year to over $5 billion today. MANA is the native token used to monetise transactions in Decentraland, and can be used to buy up items or wearables in the Decentraland marketplace, access spaces, gamble, and much more. MANA can also buy you a LAND non-fungible token, which you can use to build and monetise your own plot in the metaverse.

Though banks like JPMorgan recently opened a lounge in Decentraland, interest is growing among average users far outside the USA. Decentraland was set up by two Argentinians and offers many South Americans access to cryptocurrencies that hold their value against a countrys dwindling fiat currency. For example, many gaming guilds offer monthly salaries over $1000 USD, compared to Argentinas minimum wage of $165 USD.

Current price: $131.36

Current market cap: $9.2 billion

Litecoin is back in the crypto top 20 after posting 14% growth in the past seven days. Its rapid rise is attributed to Japans green-listing of 18 cryptocurrencies that are exempt from screening every time an exchange lists the token. Alongside Bitcoin and Ethereum, Litecoin is on the list.

Litecoins listing is no doubt thanks to its fast, secure, and low-cost payment mechanism thats been in existence for over a decade. Charlie Lee, a former Google employee, launched Litecoin as a lite version of Bitcoin that quickly exploded in usage and has been in the crypto top 10 for most of its existence.

As world governments look towards tighter regulation of cryptocurrencies, Litecoin could become a favorite.

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5 Cryptos If You Missed Out on Bitcoin 47k High - Analytics Insight

Why Bitcoin-, Ethereum- And Litecoin-Related Stock Bitfarms Is Rising – Benzinga – Benzinga

Bitfarms Ltd BITF shares are trading higher by 13.4% at $4.23 after the company reported fourth-quarterEPS and sales results were higher year-over-year.

Bitfarms reported quarterly earnings of5 cents per share. This represents an increase over losses of6 cents per share from the same period last year. Bitfarms also reported$59.60 millionin sales this quarter. This sales figure represents a426%increase over sales of$11.32 million in the same period last year.

During fourth-quarter2021, Bitfarms says the company mined 1,045 Bitcoin BTC/USD at an average cost of production of$8,000/BTC. For the full year 2021, Bitfarms mined 3,453 BTC at an average cost of production of$8,100/BTC.

"2021 marked a year of exceptional growth as we deliveredfourth quarterand full-year 2021 revenue increases of426%and388%, respectively, compared to the same periods in 2020," said Geoff Morphy, Bitfarms' President and COO.

"We drove growth by increasing our hashrate131%in 2021, and we estimate that we expanded our market share from ~0.6%share of the BTC network to ~1.2%share from year-end 2020 to year-end 2021. From our original base of operations in Canada, we have made significant investments in the United States, Paraguay, and Argentina. We also strengthened management with newly created executive positions internationally in key areas of special projects, human resources, marketingand corporate affairs,"Morphy stated.

See Also:Why This Investor Is Building A Position In AMD

Bitfarms owns and operates blockchain farms that power the global decentralized financial economy. It provides computing power to cryptocurrency networks such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash, earning fees from each network for securing and processing transactions.

Bitfarms has a 52-week high of $9.36 and a 52-week low of $2.75.

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Why Bitcoin-, Ethereum- And Litecoin-Related Stock Bitfarms Is Rising - Benzinga - Benzinga

Are Litecoin LTC and Fantom FTM Resume the Larger Bullish Trend? – FX Leaders

Cryptocurrencies have been uncertain for the last two months after the retreat from November until January, with the sentiment turning on and off every few days, forcing them to trade within a tight range. But, in the last two weeks, the sentiment has improved and cryptos have been crawling higher, which seems like a trend reversal, although it is still too early to tell. Litecoin and Fantom have some resistance to take out above, so the larger trend is not bullish yet, until those resistances are broken.

Yesterday the Umbria network announced the public launch of its Fantom bridge, which is the third cross-chain bridge to be added to the platform so far this year. The Narni liquidity bridge makes the process of moving Ether between the Ethereum and the Fantom networks quick and cheap. With other Fantom bridging solutions, Ethereum first has to be wrapped into WETH before being transferred, but not now.

Fantom is a network of blockchains built on Ethereum, where new projects can be built and connected to the mainnet and this new bridge should help its case further. After the departure of the key personnel from Fantom, the price dived but now it has rebounded above the support zone around $1 and is now heading toward $1.50. Although the 50 SMA (yellow) stands above on the daily chart, so buyers have to push above it for the trend to be considered bullish again.

Litecoin failed to gather momentum until earlier this month, making lower highs in November last year, while most major cryptocurrencies kept printing new highs. After the jump from $200 to $300 in November, the price reversed down and the sentiment has been totally bearish and LTC/USD which fell to $100.

That zone held since January though and this month we saw a breakout after a triangle was forming, with the 50 SMA (yellow) pushing the highs lower. Now, Litecoin has moved above the 50 SMA and the 100 SMA (green) as well, but it will face the 200 SMA (purple) at the previous support around $140. If that level is broken, then LTC/USD will enter the bullish zone.

LTC/USD

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Are Litecoin LTC and Fantom FTM Resume the Larger Bullish Trend? - FX Leaders