Litecoin Reduces Transaction Fee by 10% after Launching Litecoin Core v0.17.1, Is It Time To Buy Litecoin?

Despite being the 6th top cryptocurrency by market cap, Litecoin (LTC) has been making waves in the digital currency space. Litecoin has been in the limelight and may be considered the best cryptocurrency 2019. LTC USD price trend so far this year has also been very impressive. The price of Litecoin (LTC) has grown by more than 120 percent so far this year; this is a significant comeback from the recent Bitcoin spinoff. The massive recovery in the price of Litecoin has also resulted in some bullish Litecoin price prediction 2019. The bullish Litecoin news today is that the blockchain project has taken another step towards mainstream adoption, as it just launched Litecoin Core v0.17.1.

Litecoin Reduces Transaction Fee by 10% after the Launch of Litecoin Core v0.17.1

Litecoin was recently in the headlines again, as the crypto project just launched Litecoin Core v0.17.1. This update comes with a wide range of new features. Some of the changes include a new user interface (UI), extended privacy features, a new wallet format, and a significant reduction in transaction fees on the network.

The firm introduced a new network fee policy that focuses on reducing the transaction fee by 10 percent. The policy wants to reduce the cost of transactions to 0.0001 LTC/kb from 0.001 LTC/kb. Litecoin (LTC) is not the most dominant digital currency in the market at the moment. However, it is one of the best cryptocurrency to invest in 2019. Many digital asset investors and experts have also said that this bullish Litecoin news today would allow the digital currency to grab a greater market share. This will further increase the adoption of the digital currency, resulting in an increase in the price of Litecoin (LTC).

Litecoin Halving Is a Few Months Away – What Is Litecoin Price Prediction after the Halving?

Litecoin halving is just a couple of months away. The ecosystem of Litecoin is waiting and getting ready for Litecoin halving in August this year. The halving will reduce the mining reward on the network from 25 to 12.5 coins. This event is meant to increase the trading value of Litecoin (LTC). All these efforts are put together to increase the price of Litecoin (LTC) and to make the digital currency more relevant in the industry. As more digital asset investors see Litecoin as one of the best cryptocurrency to invest in 2019, the adoption of Litecoin will continue to increase.

Litecoin Price Analysis – Litecoin Price Prediction – Litecoin Price Forecast – Litecoin News Today – LTC USD Price

Litecoin price recently plunged lower and traded below the $70 support level. The price of Litecoin even plunged towards the $68 level before it started correcting higher. LTC USD price corrected higher and broke over the $72 and $75 resistance levels. At the moment, Litecoin is trading over the $76 level and it looks set to surge higher towards the short-term Litecoin price prediction of $80.

At the press time, the immediate support of the coin is at the $75 level. On the upside, Litecoin (LTC) is facing resistance at the $79 level.

Litecoin (LTC) Price Today – LTC / USD

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At the time of writing, the LTC USD live price is $77 after an increase of about one percent over the past day. The current market cap of the digital currency is $4.58 billion. The trading volume of the digital currency over the past day is $2.86 billion.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.

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