r/litecoin

With BTC still doing its thing, I’ve been moving a bit into LTC just to have something faster and cheaper to spend. I’d usually go through a CEX, but the flat LTC withdrawal fee there feels pretty rough when you’re not moving a huge amount.

This time I tried using an exchanger instead. Locked in a fixed rate on a small BTC amount, sent the coins and the LTC landed in my wallet in around 10-20 minutes. No withdrawal queue, no extra output fee -- when I compared it to the usual CEX path (trade and LTC withdrawal), it came out roughly the same, maybe a little better.

For me the main win was that it was just simpler and quicker, not some crazy fee savings. LTC confirmations were fast as usual and I didn’t have to sit and wait for an exchange withdrawal to clear. Anyone else doing BTC--LTC like this on a regular basis, or are most people still sticking to CEX for these kinds of swaps?

I verified the PGP signature but the wallet broke on Linux my mouse was zoomed in. It’s quite buggy I’m saddened…

To the moon for Ethereum. It’s building up to another all time high for ETh.

Over 50 MILLION of the only 84 Million coin supply has been held longer than 6 months.

The amount of Litecoin actually available to the market is much smaller than the total supply suggests.

Data shows that more supply is being held for longer periods of time.

- 44% hasn't moved in over 1 year
- 16.5% hasn't moved in over 5 years
- 11.8% (9M) hasn't moved in over 7 years

This means the amount of $LTC actively circulating or realistically available to the market is meaningfully lower than the circulating supply figure alone would imply.

The data also shows that the active portion of Litecoin circulating is doing significant economic work.

Over the last 30 days, adjusted payment value totaled roughly 522M LTC, averaging about 17.4M LTC per day. That daily average is larger than the entire supply cohort that has moved within the past 3 months, indicating that the active portion is supporting substantial transaction activity relative to its size.

This doesn't mean each LTC is unique across every transaction, but it does show that the available float is being used heavily.

This also isn't a price forecast, but it's an important market structure observation. As new issuance of this digital silver continues to decline, supply and demand analysis should account for both available float and the level of transaction activity that float is already supporting, not just total circulating supply.

https://x.com/omieds/status/2070593329092546845?s=46

I sent some Litecoin from Coinbase to a Cake wallet and somehow the coin landed on intended wallet for a brief moment and was then moved to another wallet without my knowledge or approval. I was only able to verify and see this by studying the blockchain. The Cake wallet shows zero transactions and I’m very confused as to how the Cake wallet was compromised and was able to move the coin (seemingly in the background) without ever showing up as a confirmed balance. Has anyone ever seen this or have advice on what I can do to try and recover the funds? Any insight would be greatly appreciate.

Anyone Notice How LTC Never Drops Below $30?

If you buy now you are buying the bottom.

Look at price history and see how LTC holds $30 like a brick house.

Dont wait for a huge rally before getting in. If you're debating getting in, now is the time. If you are a believer in BTC and already have a position, add more. Only up from here most likely.

Haven't checked price in a while and now I see the charts, what the hell is this price?

Has something major happened? I haven't been following this sub.

A hack or something?

These guys are making me feel awful about Litecoin. Can y'all please give me some hope?

WASAWASAWASAAAAAAA