A Github survey showed that Litecoin (LTC) has had no repository update or code developments since April this year. Meanwhile, other top digital currencies such as Ethereum (ETH), Bitcoin (BTC), and EOS (EOS) has seen continuous development activities on the index charts of Github, with EOS (EOS) topping the chart last month.
Litecoin (LTC) Activities Came to a Cessation in April
According to the index charts of Github, all the activities of Litecoin (LTC) on the code repository came to a cessation in April. It was also back in April when the blockchain project partnered with the Coinbase’s Shift Visa debit card. The Shift Visa card of Coinbase works like a normal debit card, and you can use it to make payments directly and instantly in places that accept VISA.
The Possible Reasons for the Halt
There have been some speculations that the lack of developments is as a result of a “developer bear run break” where the developers are cashing out on their profits. Others are saying that the developer community of Litecoin (LTC) is holding its breath for the first Annual Summit of the blockchain project which is scheduled to take place on the 14th and 15th of next month.
One significant development of the blockchain project that had enthused the digital currency community earlier was the launch of Lite.im. This is a project by Zulu Republic, and it introduced an SMS payment feature for the Litecoin (LTC) community. This enables anyone with a basic mobile device to start using the services of Litecoin (LTC). This helped to increase the adoption and popularity of the digital currency.
Litecoin (LTC) Price Today – LTC / USD
At the time of writing, Litecoin (LTC) is trading at $57 after a decrease of about two percent over the past twenty-four hours. The current market cap of the digital currency is $3.28 billion and its trading volume over the past twenty-four hours is $207.02 million.