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Litecoin (LTC) Still Has Room For Further Downside

The recent market correction seems to be more than a correction in terms of prices. It appears to be about righting most wrongs. For instance, coins that got pumped hard during the previous rallies without having solid fundamentals or use cases have been the ones to suffer the most. Litecoin (LTC) seems to be one of those coins. Having once been the beneficiary of FOMO surrounding Coinbase listings, Litecoin (LTC) is now just another coin on Coinbase. The reason LTC/USD did so well after its Coinbase listing was because it was the cheapest coin on Coinbase with a lot of...

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Scammer Sentenced Over $1 Million LTC Scheme

Considering several investors and traders might be seeing losses today, that hasn’t prevented regulators to bring criminals to justice. In the news recently, a leading financial regulator has brought a crypto-related criminal to justice after he stole $1 million in Bitcoin and Litecoin. On the 9th November, the US Commodity Futures Trading Commission published a press release which showed that it was sentencing an Arizona citizen to jail following affiliation with a Bitcoin and Litecoin related hoax. Prior to his crypto involvement, Kim worked for Consolidating Tradings digital currency division in the late months of last year. After he joined...

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$60 Million Worth Of LTC Processed For Less Than A Dollar

In the cryptocurrency space, transaction fees are a big topic of conversation. Digital transactions are designed to be cheaper in comparison to bank wires. If you look at Litecoin, a massive $62 million transactions were just processed for just fifty cents. Over the past few years, there have been several cases of Bitcoin-related inquiries. Most of the concerns have something to do with the networks transaction fees. The average fee for sending Bitcoin is around $0.37 which is a big difference from the $25-$55 fees that we saw at the end of last year. But back to Litecoin. Fees have...

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Is Litecoin (LTC) Still A Strong Buy?

Litecoin (LTC) has lost its bullish momentum once gain as the price has now retraced back below the 10 Week EMA. The longer the price remains below the 10 Week EMA, the higher the probability that it may eventually break below its support. Currently, we do not see any strong probability of that happening in the near future. However, if the price fails to break the 10EMA resistance, then that will be the inevitable consequence. Even though Bitcoin (BTC) and some large cap coins managed to break through their downtrend resistances before, Litecoin (LTC) is still struggling to break past...

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Litecoin (LTC) Trading History Hints At Major Selloff Ahead

Litecoin (LTC) is not likely to begin a new bear trend but there is still a strong likelihood of significant sell off. The above chart for LTC/USD shows that Litecoin (LTC) has now completed two similar patterns since the beginning of the year. In the first part, Litecoin (LTC) breaks a trend line and falls below it to form a double bottom. After that, it breaks the double bottom and falls again to trade along another trend line. As we can see on the chart, it has now broken that trend line just like it broke the trend line before...

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