Litecoin is ranked at #5, right after Bitcoin Cash on coinmarketcap. As of this moment, LTC is priced at $72.98. A drop rate of 2.05% was noted in the course of the past 24-hours. The trading volume recorded is $2.468 billion, while the supply has 63,059,493 LTC coins in play. The total market cap of Litecoin is $4.601 billion.
A day ago, a news article was published which stated that the real Satoshi Nakamoto would allegedly be revealing his identity today. In response to this, the creator of Litecoin voiced his opinion.
Satoshi Nakamoto brought to the world an open-source, decentralized, trustless, censorship-resistant currency based on math and cryptography.
If Satoshi wanted to reveal himself, he would sign a message with the genesis key. Anything short of that is most likely fraudulent.
— Charlie Lee [LTC⚡] (@SatoshiLite) August 17, 2019
As you can see, Charlie remains unconvinced with regards to this hyped-up revelation. Lee has criticized Craig Wright aka “Fake Satoshi”, and many others including Vitalik Buterin share similar views. In order to celebrate the growth and adoption of Litecoin, a giveaway was announced by Charlie today. Check this out:
— Charlie Lee [LTC ⚡]ﾠﾠﾠ ﾠﾠﾠﾠﾠﾠ ﾠﾠﾠﾠﾠﾠ ﾠﾠﾠﾠﾠﾠ ﾠﾠﾠﾠﾠ (@AlexWillZC92) August 17, 2019
While some have criticized the price falling below $75 post-halving, numerous HODLers have welcomed this news. The volatility of the market helps new buyers join in and contribute to bullish momentum. The Litecoin Summit is scheduled to occur on 28th and 29th of October. Mati Greenspan [of eToro], Anthony Pompliano [of Morgan Creek Digital], Ben Askren [UFC fighter], Landon Cassill [Nascar competitor], and many more will be present at this highly-anticipated event.
The summit will take place during the Vegas Blockchain Week 2019. The price of LTC may receive of boost prior to the event.