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Could LTC Ever Recover?

Litecoin is on a recent high after it has taken a hike to the $60 + levels. Despite this, it still has to reach the levels of above $100 as seen earlier this year. Following the promising developments coming out of the Litecoin space, one question keeps cropping up to the followers of the cryptocurrency… Could LTC ever recover? Recent news in the market for Litecoin shows an introduction for the coin to CoinText. The CoinText service allows users to send cryptocurrencies like Dash, Bitcoin Cash and now Litecoin to a mobile number. The product is set to make digital...

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Litecoin (LTC) All Set To Finally Break Downtrend

Litecoin (LTC) has never been this bullish in a long time. The above weekly chart for LTC/USD shows how persistently it bottomed out between August and October. In addition to that, Litecoin (LTC) has now found a solid support right next to its downtrend resistance. As the price of LTC/USD has now traded further down the triangle, it has thus become easier to breakout. Litecoin (LTC) has managed to remain below the 10 Week EMA for the most part. However, the current weekly candle is extremely likely to close above the 10 Week EMA for the first time since April....

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Dash & Litecoin Now Supported On CoinText

In the beginning, the popular SMS cryptocurrency wallet service CoinText only supported Bitcoin Cash but it has recently added support for Dash and Litecoin. According to a recent press release, CoinText lets users instantly send cryptocurrency to anyone through a crypto address or a mobile phone number. The aim is to make it simple to send and receive digital currency for new users. Vin Armani, the founder of the company had this to say: “CoinText makes sending cryptocurrency as easy as sending a text message. It’s a powerful tool for communities to spread adoption of their cryptocurrency.” The service launched...

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Litecoin (LTC) Finally Forms A Strong Bottom, Prepares For Trend Reversal

Litecoin (LTC) appeared extremely weak when it fell below the 21 Week EMA. The decline was a very sharp and steady one. Debates over value proposition of Litecoin (LTC) began to surface and a lot of investors and analysts were convinced that Litecoin (LTC) might break market structure and fall significantly below $50. However, as the above weekly chart for LTC/USD shows, Litecoin (LTC) did an excellent job at not only defending key support levels but also forming a strong bottom. The yellow rectangular bar on the above chart shows how Litecoin (LTC) successfully managed to stay above the support...

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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...

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