Litecoin Price Supported by News on Private Transactions

2019-2-14 22:43

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex

The Litecoin reached its high since Nov 14 2018 through the heavy rise last week. Currently, the crypto is trading at around $43.

On H4, the price made an upmove after a long downtrend and then a convergence. The coin approached 76% Fibo, while the uptrend stopped near the upper channel boundary, which means a reversal may be near. The new short term move may still make a new high reaching 76% Fibo, or $48.12. The support is meanwhile at $35.27.

On H1, the latest uptrend ended with a divergence, and the crypto is now correcting, falling to 50% and 61.80% Fibo, or $39.41 and $37.62, respectively. The overall trend is still ascending, and the Stochastic is moving to the oversold territory, which means a new uptrend and new highs are ahead.

In the most in-demand crypto rating, the LTC rose to the 4th place, and, fundamentally, this may be very easily explained. The Litecoin partnered with MimbleWimble, which may drastically increase the privacy level in the network.

The thing is that Litecoin Foundation starts working with Beam devs in order to implement MimbleWimble protocol, which will allow them to increase the security and privacy level.

The LTC and MimbleWimble transactions are now being tested, and once the token conversion process is fully functional, it will also become available for the regular LTC users. This will make all transactions 100% private and secure. The devs are ready to share all the info regarding this project. Later, more cryptos may well go this way, too.

Disclaimer

Any predictions contained herein are based on the authors’ particular opinion. This analysis shall not be treated as trading advice. RoboForex shall not be held liable for the results of the trades arising from relying upon trading recommendations and reviews contained herein.

Image(s): Shutterstock.com

The post Litecoin Price Supported by News on Private Transactions appeared first on NullTX.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Litecoin (LTC) на Currencies.ru

$ 82.59 (+0.54%)
Объем 24H $247.113m
Изменеия 24h: -1.59 %, 7d: 0.94 %
Cегодня L: $81.92 - H: $82.59
Капитализация $6.157b Rank 19
Цена в час новости $ 41.99 (96.69%)

price litecoin transactions private supported downtrend coin

price litecoin → Результатов: 126


Фото:

Litecoin price rising despite the market-wide dip: here’s why

Litecoin price (LTC/USD) has been on a bullish trend since March 11 despite slight pullbacks along the way. But it is its price surge over the past two days that has caught the attention of crypto traders and investors seeing that it comes as the rest of the crypto market takes a break from its […] The post Litecoin price rising despite the market-wide dip: here’s why appeared first on Invezz.

2023-3-23 12:45


Litecoin Price Prediction 2023 – 2025 – 2030 | LTC Price Forecast

In this price prediction, we will put out our own and market’s opinion (both from popular algorithms and experts) on Litecoin future while discussing Litecoin price forecast for 2021 and beyond. Now, one more thing before we delve deep into the Litecoin price prediction and answer questions if Litecoin is a good investment or not, […] The post Litecoin Price Prediction 2023 – 2025 – 2030 | LTC Price Forecast appeared first on CaptainAltcoin.

2023-1-10 04:30


Litecoin Price Prediction 2022 – 2025 – 2030 | LTC Price Forecast

In this price prediction, we will put out our own and market’s opinion (both from popular algorithms and experts) on Litecoin future while discussing Litecoin price forecast for 2021 and beyond. Now, one more thing before we delve deep into the Litecoin price prediction and answer questions if Litecoin is a good investment or not, […] The post Litecoin Price Prediction 2022 – 2025 – 2030 | LTC Price Forecast appeared first on CaptainAltcoin.

2022-8-21 17:31


Фото:

Is Litecoin (LTC) a buy or sell in September?

Litecoin bulls are focused on breaking short term resistance at $50 If the price jumps above $50 it would probably reach $55 in the short time period The price of Litecoin is correlated with the price of Bitcoin Bitcoin is currently trading at $10,250 after defending the $10,000 level again We can say that the cryptocurrency market has stabilized, there is no big price movement in the last several wees and according to technical analysis, the neutral trend is still intact.

2020-9-10 01:25