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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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Charlie Lee Comforts Community on Bankruptcy Claims for Litecoin 

Just after Litecoin turned eight over the weekend, the project’s founder, Charlie Lee put the community’s worries to rest in regards to bankruptcy concerns. When our birthday comes around every year, we tend to celebrate it with friends and family but for Litecoin, Lee decided his present to the community was solidarity. The markets are experiencing a downtrend over recent weeks, Litecoin has been hit hard. The cryptocurrency, often referred to as silver bitcoin, is down by close to 60 per cent from its June high of around $145. At the time of writing, the sixth biggest currency in the...

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Litecoin (LTC)’s Symmetrical Rise And Fall And The Need To Keep It Simple

Litecoin (LTC)’s rise and fall symmetry highlights the importance of keeping things simple. It’s a principle that works best in all walks of life and trading is no exception. If we zoom out and look at the daily chart for LTC/USD, we can see that the price is now declining in the same manner that it rallied in. So, without using any fancy indicators or trend lines, we can tell right away what is going on and what is expected to happen next. All we need is patience and discipline to wait it out and let the trades come to...

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