Altcoins News
By Dan Saada
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In response to how high in price do you think LTC will reach? David Schwartz replied, I really don't get into that, unfortunately.
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Litecoin averaged 1.43 transactions per second the past 24 hrs. To put that into perspective, the high during the 2017-18 LTC Bull Run was 2.62.
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Also, recently there was a fake rebranding to BitcoinLite and this in turn led to Litecoin rally.
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The fake announcement came from Litecoin creator Charlie Lee via Twitter claiming that Litecoin is getting rebranded to BitcoinLite, just like Satoshi Nakamoto intended.
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To make things look more authentic, Lee posted a version of Bitcoin’s whitepaper in which he highlighted the letters LITE and further linked it to the Litecoin Foundation’s…
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The home page read “Just like Bitcoin. But ‘Lite’er!” adding that Bitcoinlite is “4 times more scalable than Bitcoin” with higher transaction fees and a supply of only 84 million…
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The messages spoke about how there was lot of intense back and forth discussions happening with the Litecoin community to ensure they have a rejuvenating marketing campaign to…
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They also tried to give a relevant and admissible reason like the rebranding as being supposed to be an opportunity meant to capture new investors who are “confused” by the…
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However whether for fun or April Fool, it was not really ethical because there were several LTC investors who bought in to this rebranding idea and obviously they are now…
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There was also a fake roadmap, there were solicitations for community donations to achieve this task. No matter what the going gained well after this news.
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