Litecoin price (LTC/USD) has doubled in the first three months of the year, from $30 to $61, registering its best first-quarter performance in history.
In the first quarters of 2014, 2015 and 2016, the LTC price suffered a drop of 45.34%, 40.36% and 5.41%, respectively. Its price collapsed by 48.54% in the first 3 months of 2018.
It must be noted that the Litecoin halving is scheduled for August 8: on that day, the block reward will fall from the current 25 Litecoins to 12.5 Litecoins. As a result, the number of tokens added to the network by miners will decrease, which might eventually lead to a supply deficit.
Recently it has been known that the Litecoin Foundation developers have started to work in collaboration with the Beam team in order implement the MimbleWimble protocol in their projects. It is expected to improve the security and privacy of the Litecoin network.
Litecoin is one of the oldest cryptocurrencies. Inspired by Bitcoin, its main goal is to improve or deepen the capabilities of the protocol created by Satoshi Nakamoto.
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