Litecoin News Today – September 27

Litecoin
  • Litecoin would be hosting famous sports celebrities and US politician in its Summit
  • Litecoin Summit to See Other Crypto Buffs besides Celebrities
  • Litecoin (LTC) Price Drops by 50% after Halving

Litecoin News Today – Litecoin is set to host famous US politician and famed sports personalities in its next summit. Ron Paul, a famous US politician, 3 times presidential candidate, and former congressman, would be part of the Litecoin summit. Litecoin has also listed some famous sports personalities in UFC Fighter, Nascar Driver and Ben Askren – Landon Cassil.

Is Litecoin (LTC) Trying to Win the American Market?

The recent action of the Litecoin Foundation suggests that the crypto project is changing its focus to America. Miami Dolphins – American football team – recently announced Litecoin (LTC) as its official digital currency. After this achievement, the Litecoin Foundation is eyeing more popularity. Ron Paul is a huge fan of digital currency innovation, as he has been a strong critic of the Federal Reserve.

Litecoin (LTC) Price Today – LTC / USD

NamePrice
litecoin
Litecoin
$57.28-3.39%

In addition, other top personalities from other American interests have joined the summit as speakers. Two other personalities on the list are Tyler Adkinson – baseball star and hedge fund manager – and CJ Sapong – an American football player. Litecoin is obviously amassing popularity in the United States.

Litecoin Summit to See Other Crypto Buffs besides Celebrities

The Litecoin Summit would take place in Las Vegas, on October 28 and 29. The summit is not only going to see top celebrities but a host of leading digital currency figures in the industry. The likes of Anthony Pompliano, Mati Greenspan, Samson Mow, Wendy O., and Michael Nye would be at the Summit.

Litecoin (LTC) Price Drops by 50% after Halving

The past few months have been pretty tough for Litecoin. The digital currency has slammed heavily over the past weeks just like the rest of the coins in the market. At the press time, the price of Litecoin is down by more than four percent over the past twenty-four hours, bringing LTC to USD price to $55. A three percent decrease over the past day does not seem notable. However, when you accumulate the losses of the coin over the past two months, it is a horrendous sight.

A digital currency analyst – Ceteris Paribus – noted that the price of Litecoin (LTC) is now 50 percent lower than it was during the halving in August. After the block reward reduction – halving – the inflation rate of the digital currency halved. Now, the price of the digital currency has also plunged by 50 percent.

Bitcoin halving would take place in May next year and many traders are afraid if this same trend would repeat itself. An analyst said that the failure of Litecoin to respond positively to the negative supply shock may be a sign of what is coming for the world’s largest digital currency.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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