Latest News

Litecoin's mining difficulty reached a new all-time high, but hashrate started to decline after the halving event.

According to crypto asset manager CoinShares, Bitcoin (BTC) investment products suffered massive outflows in the prior week as investors instead favored funds centered on alternative cryptocurrencies, or altcoins, such as XRP, Litecoin and Solana.

This rise in Litecoin hashrate not only demonstrates the growing interest in Litecoin but also indicates the robustness.

After a temporary uptick on the day of the halving, Litecoin's hash rate has trended downwards, indicating a possible exit of miners.

Litecoin, one of the leading cryptocurrencies, is currently trading at $82.3, with a trading volume of $1.72 billion and a market capitalization of $6.71 billion. Despite facing a slight 0.92% decrease in the last 24 hours, Litecoin remains resilient in a volatile market.

Dogecoin, the meme coin that gained fame thanks to Elon Musk's interest, is supported by the Litecoin network through merged mining. This unique agreement proposed by Charlie Lee, the CEO of Litecoin, ensures the security of Dogecoin's blockchain.

"CoinDesk Daily" takes a look at the crypto news making headlines as Litecoin (LTC) undergoes it's third "halving." Six firms file applications for ether (ETH) futures-based exchange-traded funds (ETFs).

Bitcoin continues to range-trade and altcoin traders are starting to view BTC's price consolidation as a positive sign for the rest of the crypto market.

Litecoin's halving event is out of the way, but LTC is yet to register expected positive price action amidst weak Bitcoin price action.

Barely 48 hours after the completion of the Aug 2 Litecoin Halving, the LTC price has dropped 12%, losing the critical $85 support. As whale investors and long-term holders begin to dump, will the bearish momentum worsen?

The Litecoin (LTC) halving event took place earlier this week, to the amusement of every member of the crypto ecosystem. The halving is the third in the Litecoin ecosystem, and a lot of hype was generated prior to the event amid broad anticipation that the price will soar following the halving.

The halving caused Litecoin's social metrics to soar but its price action continued to remain under the bears' influence.

In a significant strategic move aimed at expanding its services and meeting the demands of institutional traders, Coinbase, one of the world's leading cryptocurrency exchanges, has introduced perpetual futures contracts for two prominent digital assets – XRP (Ripple) and LTC (Litecoin). This decision has caught the attention of the wider audience in the ever-evolving crypto market, as XRP and LTC are widely recognized and respected players in the world of digital currencies.

In a blog post published on Wednesday, KuCoin announced that the new policy will go into effect on August 15.

As interest in the Litecoin (LTC) blockchain spiked prior to its hotly anticipated third halving event, BitPay registers an unparalelled spike in Litecoin (LTC) transfers on the platform.

Quick facts

The Litecoin (LTC) network has achieved significant growth, evolving into a widely accepted digital asset worldwide. The recent halving event has significantly reduced Litecoin's inflation, doubling the value of existing coins. Despite this positive development, analysts predict a challenging time for Litecoin holders but also foresee potential buying opportunities in the coming months.

Dogecoin, Elon Musk's favorite crypto, is supported by the Litecoin network thanks to “merged mining,” an agreement proposed by Charlie Lee to provide security from his blockchain.

Litecoin completed its third halving event on 2 August. Its LTC coin has, however, failed to react positively.

Amidst the ever-changing landscape of cryptocurrencies, Litecoin, often referred to as “digital silver,” has achieved a momentous milestone with its much-anticipated halving event. This event, which took place at block 2,520,000 on August 2, 2023, marks a significant reduction in block rewards from 12.5 LTC to 6.25 LTC per block.

Top crypto analyst Benjamin Cowen is warning about Litecoin (LTC) after its halving event while updating his outlook on Bitcoin (BTC). Cowen tells his 754,600 Twitter followers that the peer-to-peer payments network will likely decline in price after Wednesday's halving event when miners' rewards were cut in half.

Litecoin prices have lost over 6% since it completed its third halving event on Wednesday evening in Asia.

Litecoin (LTC) will be halved in August. Significant testnets will be released by Horizen (ZEN) and ICON (ICX).

Bitcoin (BTC) fell sharply against the US dollar on Wednesday, closing 1.8% lower at less than US$29,200. This morning's Asia trading session saw a further 0.6% decline to a flat US$29,000.