Litecoin (LTC) hit a fresh high of 143.19 USDT on Binance on June 12, reaching its highest level since May 21, 2018. The price has seen an approximately fivefold increase since the beginning of this year. The rising price has pushed the coin to fourth place among the top 100 cryptocurrencies, with a market value of more than $8.5 billion, followed by BCH and EOS.





Considering the recent performance of LTC, its scheduled August halving may stir waves in the crypto world. In an exclusive interview with CoinNess, Litecoin Foundation board member and core developer Wang Xinxi sheds light on probable price and hashrate changes of LTC as well as the current situation of the Litecoin Foundation, which was co-founded by Wang and Charlie Lee in 2017.





Background Story





Wang was doing a Ph.D. program when he first learned about Bitcoin. It was only until 2011 that he began investing in the then-novel digital asset, diving into the crypto world. Two years later, Litecoin drew his attention with a faster speed and lower cost of transfer.

LTC, together with BTC, constituted Wang’s early investment portfolio, the majority of which remains unsold.

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