On Wednesday (June 30), popular pseudo-anonymous crypto analyst and influencer “Credible Crypto” commented the recent price action of one of the most popular large-cap cryptocurrencies. The analyst told his over 220K followers on Twitter that although many people are claiming that Litecoin has already had its “bull run” and is now “headed to the grave”, he believes — despite not […]
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South Korea is getting an addition to its crypto hub. The country is unveiling new digital ATMs that will allow people to exchange won – the country’s national fiat – for Litecoin (LTC), the sixth-largest cryptocurrency by market cap. Litecoin Is Getting a Nice Boost South Korea, at one point, was one of the largest crypto havens across the globe. […]
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One of today’s biggest movers on crypto markets is Litecoin. LTC has been relatively quiet in recent weeks when its big brother has taken the limelight, but today it has surged to $70. Crypto market momentum is still building as we round out another week. A further $10 billion has been added to total capitalization taking it to a four […]
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Charlie Lee is nothing if not controversial. The Litecoin founder who sold all his holdings to avoid a ‘conflict of interest’ in 2017 just proposed miners should voluntarily donate LTC to fund the network’s development. Miners Should ‘Donate’ Part of Their Litecoin Earnings In what turned out to be a provocative tweet on Jan 24, Charlie Lee proposed a “voluntary” […]
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Three months after the August 2019 halving, the Litecoin hash rate continues to tumble with mining profitability reaching all-time lows. This massive fall in mining activity signals yet another negative report for the altcoin with reports earlier in the year suggesting developers weren’t interested in contributing to its cryptocurrency code. Litecoin Miners Abandon Ship Data from BitInfoCharts.com shows that the […]
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LTC/USD broke below its ascending channel on the 4-hour time frame to signal that a reversal from the uptrend is due. Price bounced off the $72 level to indicate that a correction might be needed before it heads further south. Applying the Fibonacci retracement tool on the latest swing high and low shows that the 50% level lines up with […]
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LTCUSD still seems to be under a lot of bearish pressure as it attempts to close below the bottom of its symmetrical triangle on the 4-hour time frame. However, technical indicators still suggest that bulls could have a fighting chance. For one, the 100 SMA is above the longer-term 200 SMA to signal that the path of least resistance is […]
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TokenPay Swiss AG announced its partnership with Germany’s WEG Bank yesterday, which sees the decentralized and self-verifying payment platform acquire 9.9 percent of the bank. The other 90 percent of the bank is will reportedly be purchased pending mandatory regulatory approval. TokenPay notably has a strategic partnership with Litecoin Foundation, which aims to be “a leading force in creating and delivering […]
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LTCUSD is still stuck inside its long-term descending triangle pattern and is hovering close to support. A break lower could lead to a drop of the same height as the chart pattern. However, the 100 SMA is above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. This means that the uptrend is […]
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