Litecoin founder Charlie Lee nowadays tweeted a cryptic emoji message of a chicken, dolphin, bee, cash, and quickly arrow. Various of Lee’s followers replied, speculating in excess of what he meant.
But it was @MASTERBTCLTC who gave the most probable clarification by replying with “Litecoin flip B money soon.”
— Master⚡️250k BTC 6.25k LTC 2021 (@MASTERBTCLTC) November 16, 2020
Lee has neither confirmed nor denied any of the responses to his message. What is extra, there is no rational rationalization in excess of why a rooster would depict Litecoin.
Nevertheless, an examination of the CoinMarketCap top rated 10 reveals Litecoin in the ascendency, with Bitcoin Dollars stumbling, lending aid to this interpretation.
At present, the big difference among sixth and seventh location is a subject of $183 million, or .04% of the whole crypto current market cap.
Litecoin Aiming For Sixth Place on CoinMarketCap
Litecoin is up almost 12% this last week, getting these days spiked to a 12-7 days substantial, at $68.50.
Specialized analysis has famous the formation of a key bullish pattern line, supplying more upside soon. Analysts are targeting $70 if LTC maintains its momentum.
Supply: LTCUSDT on TradingView.com
Whilst today, Bitcoin Money is struggling a case of the article hard fork blues. The previous 24-hrs has witnessed a 3% drop in its selling price.
Contrary to LTC, which has closed a collection of greater highs considering that the finish of September, Bitcoin Cash struggles to acquire any upward momentum, acquiring bounced off the $240 assistance line on a few occasions not long ago.
Source: BCHUSDT on TradingView.com
Future of Bitcoin Hard cash Uncertain Subsequent Tough Fork
To include insult to damage, the long run of Bitcoin Hard cash hangs in the harmony adhering to the chain’s hard fork yesterday.
The split arose thanks to disagreements about the Infrastructure Funding Program (IFP). People in the Bitcoin Income ABC faction named for an 8% tax on miners’ income to fund community improvement. Whilst Bitcoin Dollars Node supporters felt a tax on miners was unneeded and thought the protocol should really stay unchanged.
Bitcoin Funds proponent Roger Ver voiced his opposition to the miner’s tax by contacting out its centralization.
“Diverting aspect of the #BitcoinCash block reward to shell out a solitary development workforce is a Soviet style central planner’s aspiration arrive genuine. Remember to prevent.”
Ver’s remarks have been directed at developer Amaury Séchet, who maintains that a miner’s tax is necessary. In the lengthy phrase, Séchet believes the trickle-down consequences will guide to an increase in network price.
“This permits Bitcoin ABC to make this a lot required advancement when miners who might favor other guidelines are no cost to pick out a practical, alternate implementation.”
If Bitcoin Funds ABC fails to attract ample hashing assist, the task would vanish. Whilst that could be result in for celebration for Bitcoin Cash Node supporters, the question is, can Bitcoin Dollars have on as it did prior to the fork?
One detail is specified, Litecoin is dangerously shut to having sixth location.