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New Debit Card Launching From Litecoin

Recently, it was announced that the Litecoin foundation will release its own debit card. The upcoming card will give users the chance to spend their cryptocurrency either online or in physical store locations, anywhere across the globe where major credit cards are accepted. The special edition Litecoin BlockCard is a collaborative effort developed by three crypto firms including Litecoin, Ternio and Bibiox Exchange. The main audience of the card is for shoppers and spenders who wish to use crypto as if it were cash. The United States user-base will be the first customers with Bibox Exchange acting as a custodian...

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Sally Ho's Technical Analysis 15 June 2019

Litecoin Litecoin (LTC/USD) recently traded at its strongest level since May 2018, printing as high as the 144.34 area this past week before yielding some recent gains. An extremely important level is the 137.04 area, representing the 50% retracement of the move from 251.90 to 22.17. Stops were elected above this area during the week and the pair derived some short-term constructive demand before marching lower. The 137.04 area quickly became technical Resistance during the move lower, an indication of its significance. Another key area that was tested this week was the 121.16 area, representing the 61.8% retracement of the...

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How Low Could Litecoin (LTC) Fall After The Upcoming Halvening?

Litecoin (LTC) continues to rally hard and is now close to testing the 38.2% fib retracement level from its all-time high. This might very well be the end of the rally as LTC/USD has a history of topping out before halvening. During the previous Litecoin (LTC) halvening, the price topped out 35 days before the halvening. It continued to decline before, during and after the halvening which speaks volumes about the immediate effect of halvening on the price of an asset. The price then entered a consolidation phase more than a year before it eventually began a new bullish cycle....

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How High Could Litecoin (LTC) Go Before Halvening?

We have seen Bitcoin (BTC)’s parabolic run up but that run up is nothing compared to what Litecoin (LTC) has pulled off in the last few months. For anyone who believes in buying the rumor and selling the news, Litecoin (LTC) was the best investment since the beginning of the year. LTC/USD shot up from $22 and is currently trading around $140. Investors, who bought around the temporary bottom in December, 2018 would have now made more than a six times return on their investment in just a few months! All of this sounds good in hindsight, but the truth...

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Litecoin: Could 2019 Be The End Of LTC?

There are a lot of similarities between Bitcoin and Litecoin. Just like bitcoin can half, so can Litecoin. But even though the altcoin is similar to the leading cryptocurrency, it sports a different block hashing algorithm, quicker block times, and a different overall focus as Litecoin has block rewards reductions built in. You may know that every four years, the amount of LTC issued per block half in an event known as the ‘halving’ or ‘halvening’ - not as daunting as it sounds. This is something that was integrated by the creator of Bitcoin, Satoshi Nakamoto. For what reason you...

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