Tag Archives: LTC

Litecoin [LTC]’s MimbleWimble Extension Blocks (MWEB) upgrade has been trailed by a series of unfortunate events over the last few weeks. As a result of the facilitation of anonymous transactions on cryptocurrency exchanges, the MWEB upgrade led several exchanges to delist LTC. For example, three weeks ago, five cryptocurrency exchanges in South Korea, namely, Upbit,Continue reading “Post MWEB Litecoin [LTC] is climbing, despite this major setback”

Litecoin [LTC] is one of the few altcoins that is managing to recover the losses gradually. This on all fronts is indicating a possible trend reversal. While resistance from the broader market cues is natural, the support it has from its investors will play a crucial role in helping the cryptocurrency recover quickly. Litecoin underContinue reading “Litecoin: Evaluating the possibility of LTC going back to $100”

Litecoin [LTC] bears demonstrated their dominance once again towards the end of last week, leading to more downside. However, LTC’s latest lows suggest that it is closer to the bottom than expected. LTC achieved a new 2022 low on 14 June after bottoming out at $40.32. Its historic performance reveals that the latest price lowContinue reading “Litecoin [LTC]: Assessing if a sizable bull run can be on the way”

From the look of things, the MimbleWimble Extension Blocks (MWEB) implemented on Litecoin’s Network have failed to provide the much-required succor for the Network’s LTC token. The MWEB upgrade was implemented to enhance the user experience by providing users the option to make confidential transactions on the Litecoin network. So what went wrong? Since theContinue reading “Litecoin’s MWEB was going to aid a rally but is now getting delisted – what’s going on”

Litecoin (LTC) is on the spotlight once again days after launching its Mimblewimble upgrade  and for a related reason. Multiple South Korean crypto exchanges have reportedly announced plans to delist LTC. According to official Upbit press release, they will be delisting Litecoin from its exchange. According to local Korean news source – Bimeiti, at leastContinue reading “How Litecoin [LTC] is reacting to news of delisting from Korean exchanges”

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 onContinue reading “Litecoin [LTC] traders must consider this before entering a position”

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 toContinue reading “Litecoin’s tick-tock to 2142 and here’s what investors shouldn’t miss out on”

Litecoin [LTC] bears doubled down on their consistent efforts to close below the $98-mark for nearly 17 months. After the market-wide liquidations, the close below this mark pulled LTC into a relatively low liquidity zone. Thus, it took a swift plunge below some crucial price points while chalking out a bearish pennant on the dailyContinue reading “Litecoin [LTC]: Here’s how you can minimize risk before placing bets”

The anticipation surrounding the ‘historic’ upgrade was setting Litecoin up for a rally. But upon the launch of the upgrade, the investors’ reaction seems to have fallen flat. It reminds us of the times when the smart contracts on Cardano with the Alonzo hard fork were to be introduced. Despite the development buzz, investors’ interestContinue reading “Did Litecoin’s [LTC] MWEB upgrade fail to woo investors”

After dropping from its May 2021 ATH, Litecoin [LTC] bears ramped up their consistent efforts to close below the $91-$104 range for nearly a year. The altcoin’s extremely high correlation with Bitcoin subjected it to market-wide liquidations over the last few months.  Thus, the drop below the $91-level has set LTC in a heightened bearishContinue reading “Litecoin [LTC] short-sellers should take note of these levels for good returns”

On 19 May, Litecoin finally launched its new MimbleWimble (MWEB) upgrade after years of development. The upgrade, which was completed at the Litecoin block height of two million, promised that privacy will be guaranteed as users complete transactions on the Litecoin Network. While it is trite that native tokens barely exhibit any positive reaction toContinue reading “Can Litecoin’s [LTC] long-awaited MWEB update shine a light to end this darkness”

“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,Continue reading “Litecoin [LTC]: Few hours till MWEB upgrade; here’s what investors should know”