Litecoin (LTC) was created back in 2011 as one of the earliest forks of Bitcoin.
This supposed lite cryptocurrency has a block time that it claims is about 25-percent less than Bitcoins.
In theory, it should process and validate transactions much quicker.
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This would be the highest price LTC would see all year.
By February, its trading price dropped by nearly 63 percent bottoming at $119.54.
LTC opened the year at $30.99 and within 10 days witnessed a 25-percent jump to $38.94.
Unfortunately, this upward trend was short-lived.
By mid-January LTCs price dropped to levels inline with its year open.
It spent the next four weeks hovering around a trading price of $30.
By the close of the quarter Litecoin was sitting a comfortable 93.7 percent up on its year open.
Its trading price being a hair over $60.
Slow and steady wins the race
There have not been many huge swings Litecoins price this year.
Investors looking to make big short term gains were likely left wanting.
It has been, uncharacteristically for a cryptocurrency, acting positively and stable.
The halving will reduce the Litecoin mining reward from 25 LTC to 12.5 LTC per block.
This isnt the first halving that Litecoin has undergone.
As one of the earliest forks of Bitcoin, Litecoin is one of the most proven cryptocurrencies.
Its managed to maintain its relevance in a competitive space.
As know-your-customer and anti-money laundering regulations get implemented across the globe, making cryptocurrency payments less anonymous.
Lee has vowed to bring confidential transactions to the platform at some point in 2019.
For those bullish on privacy coins, be sure to keep Litecoin on your radar as the year continues.
Fungibility is the only property of sound money that is missing from Bitcoin & Litecoin.
Now that the scaling debate is behind us, the next battleground will be on fungibility and privacy.
I am now focused on making Litecoin more fungible by adding Confidential Transactions.
Litecoin jumped from around $60 to near $70 in a matter of hours.
But of course, this is cryptocurrency, and anything is possible.
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Story byMatthew Beedham
Matthew is the editor of SHIFT.
He likes electric cars, and other things with wheels, wings, or hulls.
