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Litecoin Sinks 2%, But Analysts are Still Bullish

Cole Petersen·
Litecoin
Ever since its highly anticipated halving event earlier this past summer, Litecoin has been facing a significant amount of downwards pressure that has led it to retrace over 50% from its 2019 highs. This lackluster price action has shown few signs of slowing down anytime soon, but one analyst is...

Litecoin’s (LTC) MimbleWimble Set for a Mid-September Testnet Launch

Avatar photoJohn P. Njui·
Litecoin's (LTC) MimbleWimble Set for a Mid-September Testnet Launch 12
In summary: The senior developer behind Litecoin’s MimbleWimble protocol has provided a monthly update. He anticipates a mid-September Testnet launch.   The protocol is meant to introduce confidential transactions on the Litecoin network and could be the spark that reignites investor interest in LTC. Earlier today, Litecoin’s Senior MimbleWimble Developer, David...

Litecoin Price Tanks By 8% in Minutes as Bitcoin Shows Weakness

Nick Chong·
Litecoin Price Tanks By 8% in Minutes as Bitcoin Shows Weakness 13
While Bakkt’s Bitcoin futures are here, the crypto market has been struggling. Litecoin, the fifth-largest cryptocurrency market capitalization, fell off a proverbial cliff earlier this hour. As of the time of writing this article, Litecoin is trading at $66.75, having lost 8% in the past 24 hours. Bitcoin, for some...

Litecoin (LTC) Miners Begin Signaling for the MWEB Upgrade

Avatar photoJohn P. Njui·
Litecoin
Litecoin miners have started the process of signaling for the MimbleWimble upgrade AntPool was the first mining pool to signal for the upgrade 75% of the miners need to signal for MimbleWimble for it to be activated If the miner’s threshold has not been reached in 1 year, MWEB will...

Litecoin Whales Have Increased Their Holdings by 270k LTC in July

Avatar photoJohn P. Njui·
Litecoin Whales Have Increased Their Holdings by 270k LTC in July 16
Litecoin whales holding 1k to 100k LTC have increased their holdings by 270k in the month of July Unique addresses on the Litecoin network have also grown by 47.5% in the last 10 days Litecoin’s on-chain metrics are bullish. However, LTC’s fate is tied to Bitcoin’s Litecoin has pushed above...

Litecoin Creator Lee Clears the Air About LTC’s Future

Nick Chong·
Litecoin Creator Lee Clears the Air About LTC's Future 21
Litecoin Subject to Hate Over the past few months, the Litecoin (LTC) community has been under a barrage of rumors that the project is dead. Indeed, Bitcoin millionaire Erik Finman called the altcoin nearly dead in December, claiming that it is currently relishing in its last minute of sunlight. These...

Litecoin (LTC) Price Down 50% From Halving: Crypto Crush Hits Hard

Nick Chong·
Litecoin (LTC) Price Down 50% From Halving: Crypto Crush Hits Hard 23
LTC Price Halves After Litecoin Halving Just like the rest of the cryptocurrency market, the Litecoin price has been absolutely slammed over recent weeks. As of the time of writing this, LTC has collapsed to $55, trading 3% lower than what the cryptocurrency was at 24 hours ago. While a...

Litecoin (LTC) Struggles to Recover from March’s Coronavirus Crash

Avatar photoJohn P. Njui·
Litecoin (LTC) Struggles to Recover from March's Coronavirus Crash 24
In summary: Bitcoin and Ethereum have regained losses witnessed during the Coronavirus crash of mid-March.  Litecoin seems to be struggling to regain a footing after dropping below $50.  LTC risks losing the $40 psychological support. However, the weekly chart prints a falling wedge offering some hope for investors.  Savvy crypto...