Bitcoin’s value has been increasing steadily over the past 48 hours, hitting new all-time highs nearly hourly-and it doesn’t look like it’s slowing down. With Bitcoin’s price currently hovering around $9,400 on Coinbase, it’s time for the obligatory “ it’s over 9000” post. Read on for a basic guide on how to safely sell your LCC. Given the current price of LCC, this is a great opportunity to dump your forked coins and pick up some essentially free LTC (or ETH, BTC, USD…). Given that the LCC hard fork created 10 times as many coins as there were on the original LTC blockchain (e.g.: for every 1 Litecoin, the fork created 10 Litecoin Cash coins), this is an objectively absurd valuation that should hopefully sort itself out as people start to think more critically about essentially creating copies of wealth (update 2/25: the price on is down to ~$6, but deposits aren’t allowed-CryptoBridge does support deposits and trading, but the price of LCC is hovering around one dollar there).īut in the meantime, those of us holding Litecoin at the time of the fork now also have some Litecoin Cash (10x as much, to be exact-if you had 10 LTC when the fork occurred, you now also have 100 LCC). A single LCC coin is worth nearly $10 on, the only exchange that is currently supporting LCC as far as I can tell. In a sane world, Litecoin Cash should be nearly worthless-but the cryptocurrency space is still saturated with people trying to strike it rich on “the next Bitcoin/Litecoin/Ethereum”, and the prospect of buying up what they perceive as Litecoin 2.0 for a fraction of the cost of the real thing must seem really appealing.Īt least, that’s certainly the way it seems, given that the price of Litecoin Cash has increased about 500% since its creation roughly 48 hours ago. Many in the cryptocurrency community consider forks like these to be simple cash grabs at best, and potential scams at worst. This past Sunday, the Litecoin (LTC) blockchain was hard-forked to create a new coin called Litecoin Cash (LCC), in much the same way that Bitcoin Cash was created back in August of last year. There is now one exchange allowing LCC deposits and trades (see step 3 of the article), so it’s finally possible to unload your LCC by following this guide.) (Note: I wrote this last Tuesday, but held off publishing because no exchanges actually allowed Litecoin Cash (LCC) deposits, making this process pointless.

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