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Litecoin (LTC) Runs Into 38.2% Fib Retracement Level, Risks A Decline Below 200 Day MA

Litecoin (LTC) is now at risk of giving up most of its gains as it has faced a strong rejection at the 38.2% fib retracement level. For most retail bears this is usually an opportunity to go short but most whales and market makers are aware of this which is why caution must be exercised before rushing into a trade just yet. The price still remains above the 200 day-moving average and as long as it remains above that level, it is risky to short sell. That being said, a decline from here could be aggressive as we saw in...

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Will MimbleWimble Scale Better on Litecoin?

Charlie Lee has been very vocal about Litecoin becoming a privacy coin.  The creator of the project has taken on board a Grin developer David Burkett in order to integrate the MimbleWimble protocol. The creator of the Litecoin protocol, Charlie Lee has been very vocal about the cryptocurrency becoming a privacy coin. The creator of the project has taken on board a Grin developer, David Burkett in order to integrate the MimbleWimble protocol and use different extension blocks to help scalability and privacy on the network. He highlighted that fungibility is one of the key aspects that had been missing...

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Litecoin (LTC) Remains In Downtrend Despite Recent Bullishness 

Litecoin (LTC) remains in a downtrend as long as it continues to trade below the 200-day moving average. We have seen in a new spark of bullishness in LTC/USD at the onset of the new week which has much to do with how Bitcoin closed the last week above the 21-week exponential moving average. That is certainly a bullish development but that does not change anything until Litecoin breaks past the 200-day moving average. So far, that has not happened and the price now risks further downside from current levels in the days and weeks ahead.  The trend lines drawn...

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Sally Ho's Technical Analysis 27 January 2020 LTC BCH

Litecoin (LTC/USD) appreciated early in today’s Asian session as the pair was lifted to the 57.11 area after buying pressure emerged around the 55.54 level during yesterday’s European session.  Selling pressure last week saw offers emerge around the 62.50 area and drive the pair lower to the 50.63 area, its weakest level since 13 January.  Decent Stops were elected below the 54.61 area, representing the 61.8% retracement of the move from 66.19 to 35.88.  Additional Stops were then triggered below the 51.04 area, representing the 50% retracement of the move from 66.19 to 35.88.  Also, Stops were reached below the...

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Dev Says Litecoin Might Soft Fork When Bitcoin (BTC) Does

A little over 24 hours ago, a Reddit user known as Celentano1234 who is apparently fascinated with everything related to cryptocurrencies questioned the Litecoin (LTC) community on probabilities that the “Blockchain silver” network would undergo a “Schnorr-Taproot” upgrade. Normally, such a question would get answers of varying quality and usefulness from every crypto lover on the Reddit platform, but one answer stood out because it was made by a Litecoin (LTC) developer and was revealing in its content.   Celentano1234 has a reputation for asking loads of hard-hitting questions related to various blockchain projects on Reddit. He apparently decided to...

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