Waking up today was a pleasant surprise to Litecoin holders as the blockchain community entered Top 5 in market capitalization. Litecoin has remained steady since July 16th, but reached new heights today as East Asia activates. Litecoin is the 3rd most well-known blockchain aside from Bitcoin and Ethereum.

Looking at the Top 10 chart above, we can see Litecoin soaring $500M ahead of IOTA. Litecoin recently announced it will be accepted on Overstock.com and has been waiting for an explosion ever since Litecoin Founder, Charlie Lee, left Coinbase to focus on further developing the Litecoin blockchain.

Simply examining Charlie Lee’s Twitter activity, it is very clear the Litecoin community is strong and here to stay. I must add, “SatoshiLite” is quite an interesting username handle, Charlie Lee! Those are some big shoes to fill!

Above is the 1st Litecoin Developer Update which brings us some pretty significant news for the community. The update dives into LoafWallet, the first standalone Litecoin wallet built of iOS. The important part here is that users with the LoafWallet application have the ability to purchase Litecoin directly from Coinbase without a Coinbase account.

“The anniversary update is a major reconstruction focused on a user interface overhaul, simplifying Litecoin and the wallet’s functions to newer users as well as improve navigation and content structuring for people already using the app. Along with this, the introduction of Segwit is in testing.”

Other updates:

Android wallet in development

LoafWallet public Beta available to anyone in the Android App Store.

Community suggestions — “You have been telling us for a while now what you would like to see and we have been quietly listening. The ability to see your holdings in your local currency is being worked on, will be in anniversary update, and already available in the Android Beta.”

LoafWallet — “Another thing we are interested to bringing to life is the ability to send Litecoin through Apple’s iMessage as well as make payments through NFC. Just like ApplePay was shown off at Apple’s Worldwide Developer Conference this year as they are finally opening the platform up for developers.”

Adrian Gallagher has an update on Litecoin Core v0.14.2 Release here.

Below are screenshots of more Litecoin updates mentioned in the developer update that may not be outside of that video:

Thrasher mentions the list above was not even half of the updates the Litecoin team has made recently. Perhaps the most interesting update is the recent addition of the ability to create different colored tokens on the Litecoin Blockchain to differentiate different assets.

An interesting announcement that their recent partnership with Ledger leads to developing 50 limited edition PURE 18k solid gold LedgerNanoS wallets. Each device will be custom engraved and they are still handling finer details. Below are some housing design models of what they might look like:

This and many, many more updates by the Litecoin team — including the deeper development of lightning technology:

It’s pretty obvious the Litecoin Blockchain is going to be much easier for beginning users to enter the cryptocurency community — something we massively need in order to grow the entire cryptocurrency market. For more information, feel free to visit any of the links I have provided above. The YouTube video does have a number of resource links linked below the video so be sure to visit the page after viewing!

Hope this was insightful to some of the beginning traders. It’s not easy out there — sometimes just a different way of thinking about it helps.