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Although Bitcoin (BTC), Ether, XRP and Bitcoin Cash have not moved significantly in the market today, even when writing in bright red, Litecoin (LTC) has continued to climb.
Litecoins may have felt a real spring feeling by looking at current cryptography courses. Because the silver equivalent of digital gold (Bitcoin) continued the uptrend that lasts for several weeks. Litecoin (LTC) was today the only cryptocurrency of the top 5 to have experienced a positive evolution.
Based on the basics of Bitcoin software, Litecoin is one of the first Altcoins available since 2011. Litecoin differs from Bitcoin primarily in its higher blocking speed (2.5 minutes instead of 10 minutes) and the fact that it is less expensive. use of adaptive cryptographic key generation (scrypt) functions for the main hash when fetching (for more information, click here).
The recent increase is due to the approach of Litecoin-Halving. This will start at block 1 680 000, which should be triggered on August 6 this year, in a little over 60 days. Because of the higher speed of block construction, Litecoin halves every 840,000 blocks, while bitcoin blocks halve only every 210,000 blocks.
With a price below $ 133, the litecoin is almost as good as a year ago. It is not surprising that litecoin gains value again before being halved. Some analysts suspectthat the Altcoin could even break the $ 200 mark before the end of August.
Litecoin ranks fourth among the best parts with a current market capitalization of $ 8.2 billion, ahead of Bitcoin Cash (BCH), which now ranks fifth with $ 6.9 billion.