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...
Quick take: Flare Networks will be integrating Litecoin ahead of their Q2 launch Litecoin users will be able to use Ethereum style smart contracts Litecoin holders qualify for a 5 Billion Spark Token (FLR) airdrop Details of the airdrop will be provided later with the tokens being sourced from the...
Quick take: Litecoin’s MimbleWimble privacy protocol has resulted in some South Korean exchanges issuing warnings about LTC. Upbit and Bithumb have advised crypto users of the risks associated with the privacy upgrade. Both exchanges cited South Korea’s Act on the Reporting and Use of Specific Financial Transaction Information. Bitcoin’s little...
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...
Quick take: Litecoin is exhibiting a bullish divergence between daily active addresses and price LTC is showing a 3 month high in terms of address activity vs its current price Litecoin’s MimbleWimble protocol is due for launch on its testnet this month LTC could be gearing up for a push...
Quick take: Litecoin’s daily active addresses have been on a slow climb since the beginning of the year. Daily active addresses is one indicator used to predict the price of a digital asset. An increment in Litecoin’s daily active addresses could point to a resurgence of LTC in the crypto...
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...
In summary: Litecoin’s daily active addresses have increased by a factor of 6 in 12 months Litecoin new daily addresses have increased by a factor of 5x in the same time period On-chain metrics point towards increasing use of LTC Litecoin’s MimbleWimble is now ‘code complete’ and implementation could increase...
In brief: Veteran trader, Peter Brandt, has identified an inverted head and shoulders pattern on the 6hr LTC chart If the pattern plays out, Litecoin could retest the February high at around $240 Litecoin’s MimbleWimble code will be ready by 15th of March thus providing an event for bullish momentum...
In brief: MimbleWimble core developer David Burkett has stated that code for the potential upgrade will be ready by March 15th On this date, the code will be ready for final review and formal auditing Miners will then agree on whether to implement the upgrade or not MimbleWimble has been...
Summary: Code to Litecoin’s MimbleWimble will be ready by Q1 of 2021 Activation will soon follow depending on the Litecoin community and miners Litecoin has soared by over 211% in Q4 of 2020 Litecoin could continue to gain in the markets as investors look for digital assets that do not...
In summary: On the 1st of this month, Litecoin’s MimbleWimble protocol was launched on the Testnet MimbleWimble developer, David Burkett, explained that the testnet version still has to undergo further testing before the Litecoin community can test it Full activation on the mainnet will be some time in 2021 On...