Litecoin

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. The recent market-wide drawdowns helped Litecoin [LTC] sellers to pull the alt toward its 19-month support in the $61-zone. Thus, it quickly plunged below its trendline resistance while witnessing a bearish pennant breakdown on the daily chart. A potential close below the immediate support could heighten the chances of a $57-$59 range retest…. Source link

Litecoin will be delisted on Bithumb and Upbit, two South Korean Crypto exchanges, over modifications made to the coin that enable greater privacy when conducting transactions. In their notices regarding Litecoin, Bithumb and Upbit stated they were shutting down market support for the 20th-largest cryptocurrency by market capitalization because its newly activated Mimblewimble Extension Blocks (MWEB) network upgrade conflicts with South Korean anti-money laundering (AML) regulation. Upbit… Source link

The discontinuation of Upbit’s support for Litecoin (LTC), brought about mixed reactions for the Twitter space earlier today. The South Korean cryptocurrency exchange platform published their delisting of LTC earlier on their website.  Upbit claim action is for investor’s protection In the report on twitter, by crypto journalist; Colin Wu, the reason for the decision by the exchange platform was because the MWEB (MimbleWimble Extension Blocks) upgrade of Litecoin added an… Source link

Send and receive select cryptocurrencies using PayPal. Source: PayPal PayPal announced Tuesday that users can now transfer, send and receive Bitcoin, Ethereum, Bitcoin Cash, and Litecoin on its platform. Users can transfer their digital assets between PayPal users, external wallets, and exchanges. According to the press release, only select U.S. PayPal users can take advantage of the new feature for now, but the company said it will be available globally in the coming… Source link

Cryptocurrencies prices heatmap, source: Coin360 Litecoin price analysis indicates a bullish market trend whereby bulls have been trying to push the prices past the $62 level over the last 24 hours. However, the number of buyers seems to have reduced as the prices are trading below $65.33.The LTC market trend is bullish as the prices are testing the ascending channel’s upper limit. The bulls seem to be in control of the market as the prices are testing the $65.33 resistance level. Source link

Gamza Khanzadaev Biggest South Korean exchanges decided to terminate Litecoin (LTC) operations Today, June 8, it became known that major South Korean cryptocurrency exchanges such as Upbit and Bithumb decided to stop supporting Litecoin (LTC), due to the activation of the MimbleWimble Extension Block (MWEB) update on the main Litecoin network, a protocol with extensive scaling and increased privacy capabilities. Based on Upbit’s statement, the decision to delist Litecoin (LTC) was… Source link

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Litecoin [LTC] is known as silver to Bitcoin’s gold for a reason. Since the former was built on the latter’s code, both tokens share a similar mechanism of the proof-of-work (PoW) consensus and limited supply. But, here’s the catch, Litecoin’s supply is quadruple of Bitcoin’s; set at 84 million LTC, it is soon coming to an end. Know this Before Litecoin runs out of LTC, the token can be minted for approximately 120 years. Primarily, the token will take a vast amount… Source link

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The Litecoin price analysis for today shows LTC is in the recovery process. The bulls are attempting to take the price higher, and currently, the LTC/USD price has recovered up to $62.6 and it seems like the price will increase further today, but for that, the market sentiment must remain positive. After yesterday’s correction, the bulls are trying to break the pattern and continue their course as they have recovered the loss made by bears at the start of today’s trading session.