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Did You Miss These Important Ethereum Classic And Litecoin Updates?

Important updates rolled out during early November Bicoin, Litecoin, Ethereum Classic and others affected All updates impact the Coinbase cryptocurrency exchange During early November 2019, the world’s leading cryptocurrency exchange Coinbase announced a number of announcements that would go on to impact a range of cryptocurrencies, including Bitcoin, Ethereum Classic, Litecoin and Zcash. As a clued up and wise investor, it’s important that you are able to keep on top of these changes to ensure that you don’t miss any updates that could potentially impact the value of your portfolio in the long run.  So, what happened? “Bitcoin, Litecoin, Zcash...

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6 November 2019 LTC/USD 60 minutes

In this 60-minute chart, we can see that price activity depreciated to around the 62.58 level (identified by the red up arrow), a level that represents the 23.6% retracement of the recent 57.34 – 64.20 range.   Price activity then appreciated to the 63.07 level during the next 60-minute bar, right around the simple moving average (14) (identified by the blue down arrow). During the next 60-minute bar, price activity again depreciated to around the 62.58 level, underscoring the importance of this retracement level (identified by the second red up arrow). Given the importance of this technical range, traders observe possible...

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With The MimbleWimble Integration, Where Does This Leave Litecoin?

Litecoin wants to become a privacy coin, there’s no doubt about that. Even the creator of the cryptocurrency has made this clear when he revealed a change in direction for the project, chief among those which involved partnership with a Grin developer David Burkett in order to integrate the MimbleWimble protocol and use extension blocks for privacy and scalability on the network. Privacy Concerns One theme that keeps cropping up in the crypto market is privacy. Everyone’s talking about it and ever since Facebook Libra was announced, concerns heightened significantly.  Some of the coins that have lost out on platform...

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Sally Ho's Technical Analysis 27 October 2019

Litecoin Litecoin (LTC/USD) was a little weaker early in today’s Asian session as the pair traded down around the 55.77 area following the spike to the 64.40 area during yesterday’s Asian session.  Several key levels were absorbed during yesterday’s surge including a test of the 63.74 area, representing the 50% retracement of the move from 80.26 to 47.22.  After traders reclaimed the 51.39 area, some additional upside price targets were reached including the 52.15 and 53.68 areas, both of which are retracement levels related to the depreciation from the 60.13 area. The recovery from last week’s low of 47.22 was...

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Litecoin Turns 8, Is it Really Just a Silver Bitcoin?

Litecoin is often seen as silver Bitcoin but in reality, it’s much more than that. Most crypto enthusiasts will know this already but Litecoin actually celebrated its eighth this month after around $500 billion were transacted via the network. It was stated in a post published by the Litecoin Foundation that the first block that was mined on the currency’s network was performed in October 2011 with the following message.  “@NY Times 05/Oct/2011 Steve Jobs, Apple’s Visionary, Dies at 56” As a result, two blocks were mined in order to validate the genesis block and to ensure the network was...

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