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QuadrigaCX users are incensed. And they have every right to be disappointed. There is no excuse for the exchange’s executives. Gerald Cotten, the founder, tasked himself with the responsibility of securing the exchange’s cold wallet private keys despite his failing health conditions and when he died back in Dec 2018, he went down the grave with $190 million worth of digital assets.

Read: Local Bitcoin ATM Business in Miami, Florida Says They Are Booming Amid Bear Market

Efforts to trace and probably extract the wallets’ private keys have so far been futile. And assuming lawyers decide to liquidate QuadrigaCX assets, not everyone would be sated from the loss of an appreciating asset.

Meanwhile, Google is building a new search engine with a sole objective of extracting useful information from public blockchains like Ethereum, Bitcoin, and Litecoin. The suite of tool called Blockchain ETL—or Extract, Transform, Load—will be used to discover, extract and analyze data from public blockchains and Allen Day, a 41-year-old Google Cloud Developer and Data Scientist, is behind the project.

Also Read: Texas State Securities Board’s Newest Report Leads to 16 Enforcement Orders Against Crypto Scams

Already, the entire history of these blockchains are at Google’s Big Query and once the solutions go live, users would easily navigate these blockchains like they do the internet when searching for information. About this development, Day said:

“In the future, moving more economic activity on chain won’t just require a consensus level of trust. It will require having some trust in knowing about who it is you’re actually interacting with.”

Back to the charts, LTC is up 12.35 percent. So far, it has been resilient and at this rate, it is likely that prices will inch higher, triggering buys at $35—our minor resistance line and buy trigger. It is easy to see why.

From the charts, it is clear that prices are finding support straight off the support trend line and from the way prices are moving, it is clear that bulls of late Dec and early Jan are back. All the same, before prices edge past $35, we shall maintain a neutral stand.

Notice that despite our optimism, bears are technically in control and trading within a bear breakout pattern of mid-November 2019. With $50 doubling up as our major resistance line and breakout level, it is vital for bulls to retest and even close above this mark.

After all, in a larger bear breakout pattern, price action is within the retest phase—the second stage of a classic breakout pattern and as breakout rules dictate, LTC prices would probably retest $50 before bear trend resumes. The moment bulls clear $35, risk-off traders can buy on a pullback with stops at $30 with the first target at $50 for a 1:3 risk reward ratio.

All Charts Courtesy of Trading View–CoinBase

Disclaimer: Opinions are those of the author. Do your Research.

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