Litecoin’s celebrations may cut short thanks to this event gate-crasher
Litecoin [LTC] had some good news to share with the crypto community as it mentioned that LTC had zero downtime in over 11 years of its existence. This represented the reliability of the blockchain. Moreover, Litecoin also marked its 11th birthday, which in itself was a commendable achievement.
<p lang=«en» dir=«ltr» xml:lang=«en»>#Litecoin has zero downtime in over 11 years of existence. The longest uninterrupted uptime in #crypto. pic.twitter.com/mLXLpMhk1p— Litecoin (@litecoin) October 15, 2022
However, these positive developed failed to show up on the LTC chart as it registered a 5% decline in its price over the last week. At press time, LTC was trading at $51.24.
Source: CoinMarketCap
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Here’s AMBCryoto’s Price Prediction of Litecoin (LTC) for 2023-24
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Litecoin also announced another update that may give some hope to investors for a price correction. For instance, LTC’s MWEB was more accessible to users as a mobile version was released.
<p lang=«en» dir=«ltr» xml:lang=«en»>'Litecoin’s MWEB on Your Mobile Phone Is Nearly Just a Click Away' – @lite_hause#Litecoin #MWEB $LTC #blockchain #crypto #privacy https://t.co/n01HbVuF64— Litecoin Foundation ⚡️ (@LTCFoundation) October 15, 2022
This would further improve the accessibility and availability of the network as it added much value to the Litecoin ecosystem. Though everything looked positive for LTC, the coin’s on-chain metrics suggested otherwise.
For instance, LTC’s volume marked a considerable decline over the last few days. LTC’s development activity also followed a similar route and declined, which by and
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