Litecoin

Litecoin (LTC) Remains Bullish Despite Concerns Over Value Proposition

Chart for LTC/USD (1W) Litecoin (LTC) has been the subject of heated debates in the crypto community regarding its value proposition. The number of people who used to believe in Litecoin (LTC)’s value as a project that contributes something of value to the crypto industry is on the decline. This is to be expected as Bitcoin (BTC) sets out to resolve its problems that Litecoin (LTC) set out to address. If Bitcoin (BTC) ends up doing the same things that Litecoin (LTC) can, it will practically leave zero use for Litecoin (LTC). This realization is growing stronger than ever, but despite the negative criticism over Litecoin (LTC)’s value proposition, we have not seen a big impact on its price short term. The above chart for LTC/USD on the weekly time frame shows that Litecoin (LTC) has strong...

Charlie Lee Uncovers The Truth About Litecoin

Charlie Lee, the founder of Litecoin and The Litecoin Foundation has spoken out against the ‘fudsters’ that are spreading false news about Litecoin. In typically defensive fashion, Lee has spoken out to put rumours at bay and to highlight that even though the value of Litecoin is especially low, Litecoin still holds the potential to grow and will pull in a significant value again, one day soon. Lee is a controversial figure, one who likes to hit the headlines with his outspoken nature, therefore we do expect that some of this is a hunt for media attention as actually, I’ve not seen any Litecoin FUD for a while. Anyway, I guess Lee see’s quite a bit of it, so let’s take a look at what’s been said. According to Ethereum World News, Lee has said: “Recently, there has been a concerted effort t...

How Litecoin Will Transform The Fast Food Industry

We all dream of the day that we see cryptocurrency accepted in our favourite fast food chains, but actually, I think the fast food chains are probably more excited than we are. Cryptocurrencies like Litecoin have the capacity to totally change the fast food industry and I genuinely believe that fast food hospitality will be one of the first industries that will truly adopt cryptocurrency. Why Litecoin? Litecoin is light, fast, easy to transact and easy to manage, therefore it’s a fitting coin to ‘imagine’ in this fast food crypto society. Moreover, campaigns like #PayWithLitecoin make Litecoin adoption more imaginable. In essence, Litecoin is easy to adopt and it’s something people are already adopting, therefore at the very least, Litecoin gives us a good benchmark to work by. Fast food n...

Litecoin (LTC) Risks Major Sell Off In The Days Ahead

Litecoin (LTC) risks a major sell off in the days to come. This is because Litecoin (LTC) is trading in two big rising wedges as seen on the LTC/USD 4H chart above. This means that before the 21st of September, Litecoin (LTC) can be expected to break this rising wedge and fall back towards previous lows. Given that Litecoin (LTC) looks even more vulnerable and weaker than most altcoins at this point, it is also probable that Litecoin (LTC) may fall below previous lows to find an actual bottom. Litecoin (BTC) has a support around $50 which in the case of any other asset would have been a strong psychological support. However, in the case of Litecoin (BTC) we have seen this support break without even putting up a fight. RSI for the above chart shows that the price is ready to fall again but ...

Litecoin (LTC) Bottoms Out At $50, Prepares To Begin A New Trend

Litecoin (LTC) has finally done it. The price has found a true bottom at the exact price of $50. This has been tested a number of times now according to the daily chart for LTC/USD above. Some might argue that finding a bottom is a process and not a price target. I agree with that in the case of Bitcoin (BTC) but Litecoin (LTC) seems to have found a bottom in terms of price. This also means that the price is not expected to trade further down the falling wedge from here onwards and will now have to break the triangle to begin a new trend. Litecoin (BTC) has tested downtrend resistance two times since the correction. The third time it runs into the downtrend resistance, it is expected to break it and begin a new trend. RSI for LTC/USD has trade in a consolidation pattern. Litecoin (LTC) has...

What’s The Point In #PayWithLitecoin

 #PayWithLitecoin is a social movement established by the Litecoin Foundation. In essence, #PayWithLitecoin wants to help the general public discover Litecoin as a viable payment option and, more importantly, wants to inspire merchants in brick and mortar stores to start accepting Litecoin as a currency. It’s still in its infancy, yet even so #PayWithLitecoin is a movement that is sweeping across the world, bringing with it good news about Litecoin and more options for Litecoin adoption than ever. #PayWithLitecoin, being a hashtag makes it especially popular for use on Twitter and indeed, that’s exactly why #PayWithLitecoin came about, to spread a message about Litecoin virally, to uses of Twitter and people that tend to engage with hashtags, millenials and young people with a drive for i...

Litecoin (LTC) Begins A New Cycle Against Bitcoin (BTC) But Still Risks A Fall Below $50

Litecoin (LTC) seems to have started a new trend against Bitcoin (BTC) as it has broken out of an important falling wedge against Bitcoin (BTC) on the LTC/BTC daily chart above. This falling wedge extends all the way to January this year when the correction began. Normally, this would be considered a big win for Litecoin (LTC) as the price is about to begin a new trend which after an extended correction is expected to be a bullish one. However, RSI analysis for Litecoin (LTC) presents a completely different picture which also brings us closer to reality and demonstrates that it is not going to be easy. RSI for LTC/BTC has also been trading in a wedge but it is a rising wedge as opposed to the falling wedge for LTC/BTC. This means that the RSI will be expected to break below its rising wedg...

Charlie Lee Is A Huge Fan Of This Lightning Network

Yesterday, the Lightning Ramp team revealed that they joined Casa a few months ago and that they have been building a Casa Lightning Node which is the easiest way use Lightning that is usable today. Speaking on Medium, the team behind the Casa lightning node go onto explain the history in creating, “the Best Possible Lightning Experience” “In February 2018 we released Lightning Ramp, a system for connecting exchanges to the Lightning network, with the goal of bringing the Lightning Network to millions of people as soon as possible. While building this project, we uncovered many barriers preventing broad Lightning adoption. Building a Lightning node device solves many of those problems, but it also creates a new problem around key management. When we met the Casa team, we were surprised to ...

LTC And DOGE Transaction Volumes Spike Though Price Remains Unaffected

It’s been reported that both Litecoin and Dogecoin have seen some huge spikes in transaction volume today. Of course, it’s not uncommon for the two to be correlated since Dogecoin is mined alongside Litecoin. The transaction levels recorded earlier today for both of these cryptocurrencies are the highest seen since the 2018 cryptocurrency boom and since the transaction volume heights of February 2018. According to Cryptovest: “Over 24 hours, the Litecoin network carried more than 77,000 transactions, way above the typical levels of 25,000 to 30,000. Meanwhile, DogeCoin reached more than 65,000 transactions in 24 hours. This is the second highest number since March 2018, when DOGE transactions exceeded 74,000 in 24 hours. In the past few days, DOGE has doubled its market price, and the rene...

Leave Your Inheritance To Litecoin

Inheritance and cryptocurrency, it’s a grey area but it’s one that could become a very big deal in a few years time. Is there an advantage in using cryptocurrency in a will, over standard cryptocurrencies? Indeed, there are already services out there that does this for you, is it a wise move though? This sort of investment, is like any investment, it’s risky and it requires a bit of research. There’s no way to know which project is the best to invest in, if you’re thinking of using crypto within a will or similar, however, you should be able to decide for yourself after doing a bit of research. We believe (now this is not investment advice, remember that) that Litecoin at this point would be quite a good investment. Okay, Litecoin may not see as big as a return for the recipients of your i...

BTC, ETH And LTC Now Live On Yahoo Finance

You can now buy/sell LTC on @YahooFinance. Mass adoption is achieved one step at a time. 🐔🚀 pic.twitter.com/RuF7XR4zTX — Charlie Lee [LTC⚡] (@SatoshiLite) August 29, 2018 It’s a big leap for cryptocurrency adoption, we have recently seen the listings of Bitcoin, Ethereum and Litecoin on the Yahoo Finance platform. This comes after recent (ish) announcements from Yahoo Japan, who have said they wish to break into cryptocurrency territories and open up a fully working cryptocurrency exchange. Indeed, this is the first step towards achieving that. Charlie Lee, the founder of Litecoin has referred to this announcement, stating that: “Adoption is achieved one step at a time.” Yahoo Finance is deemed as a mainstream financial outlet. Within Yahoo Finance, traders have access to news, data and so...

Solving Scalability Is The Key For Litecoin Adoption Say’s Charlie Lee

Litecoin is one of the cryptocurrencies that really does fancy its own chances with regards to cryptocurrency adoption. Because Litecoin is fast and easy to obtain, plus it’s reinforced by a community that strives to #PayWithLitecoin, LTC is often seen as one of the critics choices when asked which cryptocurrency will be adopted first (second to Bitcoin Cash, generally). According to Crypto Globe, Charlie Lee, the Founder of Litecoin has recently spoken to CNBC during which he discusses some of the problems that Litecoin solves and importantly, discusses how solving scalability should be one of the most important priorities for Litecoin as adoption becomes more prominent. Another key aspect of course, is the value of cryptocurrencies as this will be used in the future as a focal point for ...

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