Litecoin

May 2022 has seen some downturn in the cryptocurrency market; however, it is still a good time to buy and accumulate tokens that have good utilities. Buying the dip and purchasing heavy volumes can often provide bigger returns for your crypto portfolio. If you’re looking for cryptocurrencies to invest in, try considering these coins: Mushe (XMU), Litecoin (LTC), and NEAR Protocol (NEAR). These 3 coins have diverse use cases and could potentially provide multi-bagger gains in the… Source link

Cryptocurrencies entered the financial market in 2009, with the launch of Bitcoin. With thousands of different cryptos worldwide, we have watched the market grow and become one of the biggest sectors within the economy. Litecoin (LTC) launched in 2011 and is currently ranking 20th on coinmarketcap, at the time of writing. Compared to a new coin currently in the presale stage, Parody Coin (PARO) is a great example of how crypto has evolved.  What Is Litecoin… Source link

Place/Date: – May 20th, 2022 at 10:00 am UTC · 3 min read Source: Gnox While cryptocurrency values have fallen so far this year, they appear to be on the rebound despite rising inflation and global financial concerns. No one knows when the current bear market in cryptocurrencies will end, so investors should invest in assets that have the highest potential to lead the bull run this year. The projects listed below have the potential to lead the bull market in 2022. Litecoin (LTC) The… Source link

Litecoin price prediction: Will LTC see gains after privacy upgrade? Photo: Paul Biryukov / Shutterstock.com Litecoin’s (LTC) price action has mirrored the weakness of the broader cryptocurrency market in 2022. Though its developer activity reveals the crypto payment network is maturing well in the shadow of its more popular cousin, bitcoin (BTC). The highly-anticipated, privacy-focused Mimblewimble Extension Blocks (MWEB) upgrade went live on 20 May, giving litecoin users the option… Source link

The Litecoin price has come under intense pressure in the past two days as investors battle multiple catalysts. LTC is trading at $67.10, which is slightly below this week’s high of $74.45. Its total market cap has dropped to about $4.6 billion, making it the 20th biggest coin in the world. Why is LTC under pressure? There are several reasons why Litecoin price has declined sharply in the past few months. First, investors are concerned about inflow and outflow trends in the ecosystem…. Source link

LTC/USD traded lower yesterday, after it hit resistance at 74.10, but the slide was stopped at 64.35. The crypto has been trading between those tow barriers since May 13th, and thus, we would consider the very short-term bias to be neutral. However, zooming slightly out, we see that Litecoin remains well below the downside resistance line taken from the high of March 30th, and thus, we see more chances for traders to exit the latest range through its lower end. Such a… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice A recent report highlighted that the daily transaction count on the Litecoin network has been pretty much the same as three months ago, standing at just over 100k. Similarly, the active address count has also remained unchanged, hovering around 300k, the same number it was back in February. This suggested a lack of growth in terms of users and investors for… Source link

“Wen MimbleWimble [MWEB] update?”, you ask. Well, according to Charlie Lee, Managing Director of the Litecoin Foundation, the MWEB upgrade is estimated to activate on 19 May at 8:30 p.m. (5/20 3:30 a.m. UTC). With the promise to enhance the user experience by providing users the option to make confidential transactions on the Litecoin network, here is what you should know about the performance of the LTC token so far.  Off goes the Lite On 3 May, the Lite Foundation made an

Litecoin price hovers around $72.8, eyeing a quick reversion to the mean. Investors can expect LTC to trigger a 30% ascent if it can mow through the $82.3 hurdle. A decisive daily candlestick close below $64.6 will invalidate the bullish thesis. Litecoin price shows stabilization around a weekly support level after a brutal sell-off from its all-time high in May 2021. The said barrier is likely to trigger a quick uptrend that will allow short-term traders to… Source link

Litecoin price continues to recover from last week’s market-wide sell-off. LTC is better positioned than most to initiate a strong and sustained rally. Downside risks exist but are likely limited in scale and scope. Litecoin price consolidates after retracing 30% of the losses it experienced last week. It is now incumbent on the bulls to maintain the present value area and maintain momentum to prevent further losses. Litecoin price his extreme lows and is poised… Source link