Litecoin Cash Made 675% During The First 24 Hours

Litecoin Cash Made 675% During The First 24 Hours

When forks originate in the cryptocurrency world, the original currencies usually grow in value. In many ways this is due to the promise of distributing free tokens of the detached blockchain - traders want to get both to increase the prices of the original coin, and to spread the "freebie" bonus. This happens even no matter what the cost is now of the main currency.

This Sunday, Litecoin network has experienced the hardcore Litecoin Cash, which also led to a particular revival of the LTC price trend - the coin grew by almost 58% and now costs about $ 245.

However, this merit belongs not only to the hardship but also to the forthcoming launch of LitePay, which will allow organizations and entrepreneurs to accept payments in LTC, which is much faster and cheaper than in BTC. As for Litecoin Cash, this cryptocurrency also allowed to earn significant funds for its new holders.

Bidding Litecoin Cash began on the Russian platform Yobit on February 19; the LCC token was valued at $ 1.2, however, then the price rose to $ 9.28. This means that the coin increased by 675% in the first 24 hours of trading, however, then it was slightly corrected. The daily trading volume of LCC is $ 4.2 million, which is more than Bytecoin, Rchain, Electroneum, Maker, and Decred.

However, with Litecoin Cash hardcore everything was extremely complicated and challenging - to get coins it was necessary to open several wallets and export private keys. Therefore it is evident that many Litecoin owners did not receive a coin. Moreover, most major crypto-instruments do not support this coin; it is not even in the analysts of Coinmarketcap and Livecoinwatch.

Despite this, it is still difficult to talk about what this coin was created for - it's just a pump & dump, or the project has some more or less serious plans. Also, some users report that they are experiencing technical difficulties with LCC wallets.

Information Source: NewsBTC

What To Expect From A Cryptocurrency Market In 2020
Crypto market has always been a good target for speculation, shady schemes, and "bad guys". It's also very controversial, especially for financial...
Influence of Recent Cryptocurrency Boom: Does It Still Hurt?
Crypto Exchange Gate.io Agrees With Reports Showing 51% Attack On Ethereum Classic Bitcoin is a decentralized digital currency (also known as...
Cryptocurrency Exchange Security Levels
The growing interest in cryptocurrencies has led to the emergence of a wide selection of both digital money and the sites where you can exchange one...
Belarusbank Considers Setting Up Crypto Exchange
Last year March Belarus introduced a decree by which it legalized cryptos and some activities related to them. This made Belarus a frontrunner in the...
Nasdaq CEO Believes Cryptos Have Place in Future in Economy
Almost two months ago Nasdaq’s representative Joseph Christinat confirmed the rumours that in 2019 the American stock exchange might launch BTC...
Report: Leaders of South Korean Crypto Exchange Komid Face Jail After Fraud
This week the Asian crypto-market has been rich in the news. Earlier it was reported that Japan finally approved Coincheck’s official status as cyber...
Crypto-Expert Brian Kelly Says 2019 Will Bring No Approval to BTC ETF
For the past year, various ETF-projects have been failing to receive the green light from American regulators. And despite the bullish ambitions of...
Ethereum Classic 51% Attacker Reportedly Returned $100,000 to Exchange
Cyber money exchange Gate.io has informed the general public about the return of previously stolen $100,000 worth Ethereum Classic units. According...
Approved Coincheck & Scrutiny on DLT: Japan and China Move in Different Directions
Asian countries seem to go in different directions when it comes to the regulation of cryptos and blockchain. Two Asian tigers — Japan and China...
Tokenized Shares of Apple, Tesla and Netflix to be on Crypto-Exchange
A new trading platform will soon be launched by an Estonian regulated exchange DX.Exchange. The company will mock the mechanisms that the American...