The LitecoinTalk forums recently hosted a thread by вЂ nehgekimвЂ™ who noted that Bitdeer, a cloud mining partner with Bitmain and Ant-miner listed the L5 for rent. It appears the bump may be caused by the rumoured new L5 Bitmain ASIC Scrypt miner that has been hinted at online. Ethererum, Monero, BCH and the majority of large capped digital assets on the other hand are not even close, indicating a potential flagging in longer term market confidence. Bitcoin is still trying to break higher but has taken a dive back down with the recent retracement in price despite coming within touching distance. What is perhaps more impressive is that despite the run up, only Litecoin appears to be making new hashrate highs. Currently, the Litecoin blockchain has more than 320 Thash per second.It has been an astonishingly bullish last few months for Litecoin and the crypto ecosystem, which has seen not only prices rise as a result, but network security in the form of hashrate with it. While Bitcoin remains the largest and safest network, Litecoin is also offering high-security standards. Indeed, it is among the safest in the world. Secure Digital AssetДЇinally, Litecoin is a secure virtual currency when compared to others. Thus, the congestion is even lower than on the Ethereum (ETH) network, which was usually used as a secondary blockchain to send and receive transfers. LTC transactions are now close to $0.06 and transfers get processed by the network in just a few minutes. At the same time, they are very slow in comparison with the Litecoin network. At the time of writing this article, a Bitcoin transaction costs over $20. This makes it possible for users to send and receive money across borders in a fast and easy way. Litecoin is also a cryptocurrency network that processes fast and cheap transactions. Some analysts consider that the recent price increase on Litecoin could be related to the recent Taproot improvement being added to the Bitcoin blockchain. Indeed, Litecoin was created as a fork of Bitcoin. Both Litecoin and Bitcoin share many things. However, one of the ways to see the impact of possible improvements on the Bitcoin network was to use Litecoin as a testing blockchain. The community must accept the changes almost unanimously. Forking Bitcoin and implementing new improvements is definitely something difficult to do on the Bitcoin network. Litecoin is also known in the market for being a testing network to Bitcoin (BTC). In this way, LTC tokens will become fungible and it will be possible for the virtual currency to expand even further. Other digital assets that have privacy features include Monero (XMR) or Zcash (ZEC). This could happen in the near future and make Litecoin the largest cryptocurrency in the world with privacy solutions for users.

Litecoin developers are also working in order to implement privacy features to the virtual currency. Nevertheless, when compared to BTC, LTC remains undervalued. Litecoin, being one of the oldest cryptocurrencies, was able to reach very high levels as well. However, once Bitcoin starts moving higher, it is time for other virtual currencies to follow. Virtual currencies have been growing over the last months and Bitcoin has been a clear leader. The first reason we could mention why is Litecoin moving higher is related to the bull market in which we currently are. In order to understand why is Litecoin growing, we also need to focus on some of the reasons related to it. This shows that Litecoin is also part of the current bull market that is pushing the entire crypto market higher. The digital asset has moved from around $50 in 2020 to over $370 a few hours ago. This is why, if you are holding Litecoin, you should be using some of the best Litecoin wallets available in the market.

Litecoin, the 10th largest virtual currency in the market is moving higher at very fast rates.

Lite coin all time high