- Flare Networks will probably be integrating Litecoin forward of their Q2 launch
- Litecoin customers will be capable to use Ethereum model sensible contracts
- Litecoin holders qualify for a 5 Billion Spark Token (FLR) airdrop
- Particulars of the airdrop will probably be offered later with the tokens being sourced from the Flare Workforce’s allocation
The Litecoin (LTC) network will quickly have sensible contracts due to a deliberate integration with the Flare Community in Q2 of this yr. The latter platform is similar one with plans of integrating the XRP ledger in an identical method when the Flare Community is launched within the second quarter of 2021.
The Flare Networks crew made the announcement of integrating Litecoin by way of the next assertion.
Flare will probably be integrating Litecoin forward of the Flare community launch in Q2. This may enable LTC for use trustlessly on Flare with Ethereum model sensible contracts and provides LTC interoperability and composability.
That is nice information. Very excited to see the aptitude of sensible contracts and interoperability coming for Litecoin via Flare!
Flare Networks Workforce to Distribute 5B Spark Tokens to Litecoin Holders
Moreover, Litecoin holders could have an opportunity at receiving 5 Billion Spark Tokens (FLR) within the type of an airdrop. The crew at Flare Networks defined that the extra tokens will come out of their private baggage and never from the allocation meant for XRP holders. Particulars of the distribution will probably be introduced within the days to observe.
Litecoin is lower than $20 Away from $200
By way of worth, Litecoin is at present $18 shy of the essential $200 stage. On the time of writing, Litecoin is buying and selling at $182 on account of a parabolic transfer from mid-December mimicking that of Bitcoin.
December twelfth discovered Litecoin buying and selling at round $72 with Bitcoin at $18k. Bitcoin has since gone on to set an all-time excessive of $41.973 – Binance price – with Litecoin posting an area excessive of $185. If the present crypto market momentum is maintained, Litecoin may very effectively declare the $200 worth space as help and presumably try to interrupt its 2017 all-time excessive of $375.
As with all analyses of altcoins resembling Litecoin, merchants and buyers are suggested to make use of sufficient cease losses and low leverage when buying and selling LTC on the assorted derivatives platforms.