Litecoin Core 0.17 Release Will See LTC Fees Reduced by 10x

The next release of Litecoin Core will lower network fees by a factor of 10, the development team behind the project announced on Friday, October 17. Litecoin Fees to lower by 10x in next Core Release.@thrasher_au @LitecoinProject #Litecoin — Litecoin.Com (@LitecoinDotCom) 19 October 2018 According to the blog post, the move comes in the wake of the 2017 run up in the price of Litecoin, when the transaction fees regularly reached up to and over $0.10 on average per transaction and peaking at just over $1. "The average transaction fee as it stands on the network is Ł0.001 per KB or ~$0.05. With the announced changes that will soon become Ł0.0001 per KB or ~ $0.005, half a cent and back at 2015 levels," the developers say. Litecoin Core Lead Developer Adrian Gallagher elaborated on the move saying: "To encourage more adoption and usage of Litecoin, I think lowering the fees are good thing. We're not even close to block limits and the block size on disk is pretty