{"id":521894,"date":"2023-03-03T17:30:46","date_gmt":"2023-03-03T17:30:46","guid":{"rendered":"https:\/\/uniquehot.com\/?p=521894"},"modified":"2023-12-08T12:09:10","modified_gmt":"2023-12-08T12:09:10","slug":"litecoin-miner-enthusiasm-fades","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/litecoin-miner-enthusiasm-fades\/","title":{"rendered":"Litecoin (LTC) Miner Enthusiasm Fades Out Despite Recent Upgrade"},"content":{"rendered":"

Litecoin (LTC) released a new network upgrade Friday – the Litecoin Core 0.21.2.2 – designed to impress investors. The official announcement regarding this new minor version release highlighted a critical security update affecting prior versions of the platform, as well as improved node and network securities for the benefit of users.<\/span><\/p>\n

According to a Twitter post by <\/span>LinkedIn Foundation<\/span>, over 20,000 Litecoin inscriptions are done on the network in a span of three days.\u00a0<\/span><\/p>\n

Related Reading: Stacks (STX) Survives Market Massacre Of Top 100 Cryptos With 40% Rally<\/a><\/div>\n

LTC Recent Update Intended To Boost Network Security<\/strong><\/h2>\n

The Litecoin network recently released a security update that was intended to ensure that all nodes running on the network remain secure and up-to-date. This is mission-critical step for the cryptocurrency as it looks to become more widely adopted.<\/span><\/p>\n

The update, known as \u201cLitecoin Core 0.17.1\u201d, has been designed to help mitigate any potential vulnerabilities in the Litecoin network by ensuring that all nodes on the network are running on the same version of its code.<\/span><\/p>\n

\n

The newest version of Litecoin Core v0.21.2.2 is now available! \u26a1<\/p>\n

Please update at: https:\/\/t.co\/Jhu3nliBlj<\/a>
\nLearn more at: https:\/\/t.co\/JG7FDCfbpD<\/a> pic.twitter.com\/vljdVCsvgG<\/a><\/p>\n

\u2014 Litecoin Foundation \u26a1\ufe0f (@LTCFoundation) March 2, 2023<\/a><\/p><\/blockquote>\n

The Litecoin (LTC) network recently underwent a major update with the activation of the MimbleWimble privacy protocol. This upgrade was expected to increase the scalability, privacy, and fungibility of the asset, while also improving its overall security. As the protocol went live, LTC\u2019s mining space witnessed growth.<\/span><\/p>\n

The LTC mining market expanded once the update was released. The total number of blocks mined by the LTC network increased somewhat. In most cases, more miners joining the network cause a rise in hashrate.<\/p>\n

\"\"<\/p>\n

Source: TradingView<\/pre>\n
On March 3, 2023, enthusiasm from the derivatives market waned along with LTC’s DyDx financing rate. The recent uptick in LTC metrics has also represented a loss of investor trust, which has added to the negative perceptions of the asset.<\/p>\n
Litecoin (LTC) Bears Stepped In?<\/strong><\/h2>\n
The daily chart of LTC showed that the bears had stepped in and were pushing the coin’s price lower. The Relative Strength Index (RSI) was quickly heading toward the neutral zone, while the Chaikin Money Flow (CMF) had decreased.\u00a0<\/span><\/p>\n
<\/p>\n
LTC total market cap at $6.5 billion on the weekend chart | Chart: TradingView.com<\/a><\/pre>\n
Related Reading: Maker (MKR) Survives Onslaught With 21% Gain As Other Top 100 Cryptos Suffocate<\/a><\/div>\n
Meanwhile, Litecoin’s price is up 1.30%, or $90.02 on CoinMarketCap at the time of writing. While the price of LTC has risen dramatically this year, the mining sector surrounding it still has to make some major progress in terms of profits.<\/p>\n
-Featured image from Capital Research<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Litecoin (LTC) released a new network upgrade Friday – the Litecoin Core 0.21.2.2 – designed to impress investors. The official announcement regarding this new minor version release highlighted a critical security update affecting prior versions of the platform, as well as improved node and network securities for the benefit of users. According to a Twitter post by LinkedIn Foundation, over 20,000 Litecoin inscriptions are done on the network in a span of three days.\u00a0 Related Reading: Stacks (STX) Survives Market Massacre Of Top 100 Cryptos With 40% Rally LTC Recent Update Intended To Boost Network Security The Litecoin network recently released a security update that was intended to ensure that all nodes running on the network remain secure and up-to-date. This is mission-critical step for the cryptocurrency as it looks to become more widely adopted. The update, known as \u201cLitecoin Core 0.17.1\u201d, has been designed to help mitigate any potential vulnerabilities in the Litecoin network by ensuring that all nodes on the network are running on the same version of its code. The newest version of Litecoin Core v0.21.2.2 is now available! \u26a1 Please update at: https:\/\/t.co\/Jhu3nliBlj Learn more at: https:\/\/t.co\/JG7FDCfbpD pic.twitter.com\/vljdVCsvgG \u2014 Litecoin Foundation \u26a1\ufe0f (@LTCFoundation) March 2, 2023 The Litecoin (LTC) network recently underwent a major update with the activation of the MimbleWimble privacy protocol. This upgrade was expected to increase the scalability, privacy, and fungibility of the asset, while also improving its overall security. As the protocol went live, LTC\u2019s mining space witnessed growth. The LTC mining market expanded once the update was released. The total number of blocks mined by the LTC network increased somewhat. In most cases, more miners joining the network cause a rise in hashrate. Source: TradingView On March 3, 2023, enthusiasm from the derivatives market waned along with LTC’s DyDx financing rate. The recent uptick in LTC metrics has also represented a loss of investor trust, which has added to the negative perceptions of the asset. Litecoin (LTC) Bears Stepped In? The daily chart of LTC showed that the bears had stepped in and were pushing the coin’s price lower. The Relative Strength Index (RSI) was quickly heading toward the neutral zone, while the Chaikin Money Flow (CMF) had decreased.\u00a0 LTC total market cap at $6.5 billion on the weekend chart | Chart: TradingView.com Related Reading: Maker (MKR) Survives Onslaught With 21% Gain As Other Top 100 Cryptos Suffocate Meanwhile, Litecoin’s price is up 1.30%, or $90.02 on CoinMarketCap at the time of writing. While the price of LTC has risen dramatically this year, the mining sector surrounding it still has to make some major progress in terms of profits. -Featured image from Capital Research<\/p>\n","protected":false},"author":557,"featured_media":513945,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10,87933,2785,2828,2829],"class_list":["post-521894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-litecoin","tag-litecoin-miner","tag-litecoin-price","tag-ltc","tag-ltc-price"],"acf":[],"yoast_head":"\nLitecoin (LTC) Miner Enthusiasm Fades Out Despite Upgrade<\/title>\n<meta name=\"description\" content=\"Litecoin (LTC) released a new network upgrade Friday - the Litecoin Core 0.21.2.2 - designed to impress investors. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Litecoin (LTC) Miner Enthusiasm Fades Out Despite Recent Upgrade","url":"http:\/\/uniquehot.com\/news\/litecoin-miner-enthusiasm-fades\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/litecoin-miner-enthusiasm-fades\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Litecoin-6.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Litecoin-6.png?fit=817%2C473"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["litecoin","litecoin miner","litecoin price","ltc","ltc price"],"dateCreated":"2023-03-03T17:30:46Z","datePublished":"2023-03-03T17:30:46Z","dateModified":"2023-12-08T12:09:10Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Litecoin (LTC) Miner Enthusiasm Fades Out Despite Recent Upgrade\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/litecoin-miner-enthusiasm-fades\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/litecoin-miner-enthusiasm-fades\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Litecoin-6.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Litecoin-6.png?fit=817%2C473\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"litecoin\",\"litecoin miner\",\"litecoin price\",\"ltc\",\"ltc price\"],\"dateCreated\":\"2023-03-03T17:30:46Z\",\"datePublished\":\"2023-03-03T17:30:46Z\",\"dateModified\":\"2023-12-08T12:09:10Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/Litecoin-6.png?fit=817%2C473","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/521894"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=521894"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/521894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/513945"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=521894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=521894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=521894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}