When the Litecoin network (LTC) suffered a hard fork last Sunday, February 18, (check), in block 1371111, a new criptomoeda called Litecoin Cash was born. The split in the digital currency network occurred amid the controversies that Litecoin's founder, Charlie Lee, called a scheme.
However, Litecoin seems to have woken up after weeks of steady price falls, jumping from $ 154 on Feb. 13 to nearly $ 243 today. The increased interest in the LTC probably comes from the upcoming launch called LitePay, a platform that will allow businesses and businesses to accept payments at Litecoin, which would be a faster and cheaper alternative than Bitcoin.
Litecoin Cash took off at Russian crypto-currency brokerage Yobit in the early hours of Monday, February 19, where it was valued at about $ 1.20 per token. Since then, the price has risen to a high of $ 9.28, up more than 675% in the first 24 hours of trading. During the last 12 hours the price of the new digital asset was slightly corrected and was priced at US $ 7.6. According to Yobit, the trading volume of the crypto-currency in the last 24 hours was over $ 4.2 million (by the close of this article). This volume surpasses digital currencies like Bytecoin, Rchain, Electroneum, Maker and Decred, all of which are in the top 50 with a market cap of over $ 500,000.
Since most crypto-currency brokers have not announced support for Litecoin Cash, many Litecoin holders are unlikely to actually claim their tokens for the new crypto-currency, as the complicated process involves opening multiple portfolios and exporting the private keys. Litecoin Cash has not yet been listed on review sites such as Coinmarketcap!(