Tag: litecoin (ltc) news

Jul 24 2021

Litecoin Whales Have Increased Their Holdings by 270k LTC in July

Litecoin whales holding 1k to 100k LTC have increased their holdings by 270k in the month of July Unique addresses on the Litecoin network have also grown by 47.5% in the last 10 days Litecoin's on-chain metrics are bullish. However, LTC's fate is tied to Bitcoin's Litecoin has pushed above a descending triangle that had formed since mid-May The 50-day moving average is...

Jul 21 2021

Grayscale’s Litecoin Trust (LTCN) is Trading at a 463.95% Premium

Grayscale's Litecoin Trust (LTCN) is trading at a 463.95% premium Each LTCN is trading at $59.83 in pre-market trading Each LTCN represents 0.09187613 LTC which is an actual value of roughly $10.42 using a Litecoin rate of $113.40 Grayscale's Litecoin Trust now holds LTC worth $168.45 Million Litecoin has bounced off the $100 support but remains in bear territory According to Bybt.com, Grayscale's...

Jun 18 2021

Nascar Driver Landon Cassill to Receive his Salary in Litecoin (LTC)

Nascar Driver Landon Cassill will receive his entire payment in Litecoin (LTC) Mr. Cassill will be the first Nascar Driver to be paid entirely in cryptocurrency The payment in Litcoin is part of a 19-race sponsorship deal with Voyager At one point, Charlie Lee helped Landon Cassill understand Litecoin when he was mining LTC in his basement Nascar driver, Landon Cassill, will start...

Jun 04 2021

Litecoin’s MimbleWimble to be Activated Around the End of 2021

Litecoin's MimbleWimble protocol is on track for activation around the end of the year The Litecoin MimbleWimble code is currently being reviewed and audited by developers The team at Litecoin has requested any interested developers to join the MimbleWimble Telegram channel to help with the process Like Bitcoin, Litecoin is struggling to recapture the 200-day moving average as support The activation of the...

May 27 2021

Litecoin (LTC) Payments are Now Supported by Venmo, Protonmail Shop

Litecoin is now a payment option on the Protonmail shop and Venmo Bitcoin, Ethereum and Bitcoin Cash is also supported by the two platforms The Protonmail Shop has additional support for DAI Litecoin has bounced back above the 200-day moving average You can now use Litecoin (LTC) as a payment option on the Protonmail Shop and Venmo. In the case of the Protonmail...

Apr 29 2021

Komodo to Use Litecoin Notarizations to Protect Against 51% Attacks

Komodo (KMD) platform will start using Litecoin for cross-chain notarizations The move is aimed at providing a cost-effective mechanism for 51% protection Komodo has been using Bitcoin but a need to reduce costs and scale has led to the switch to Litecoin The switch will happen in June of this year during Komodo's Notary Node Season 5 The team at Komodo (KMD) has...

Mar 19 2021

Litecoin’s Daily Active Addresses Have Increased by 6x in 1 Year

Mar 19 2021 Published at Ethereum World News under tags  litecoin (ltc) news

In summary: Litecoin's daily active addresses have increased by a factor of 6 in 12 months Litecoin new daily addresses have increased by a factor of 5x in the same time period On-chain metrics point towards increasing use of LTC Litecoin's MimbleWimble is now 'code complete' and implementation could increase the use and value of LTC The Litecoin network has had impressive growth...

Mar 12 2021

Litecoin’s Inverted Head & Shoulders Pattern Could See LTC Retest $240

In brief: Veteran trader, Peter Brandt, has identified an inverted head and shoulders pattern on the 6hr LTC chart If the pattern plays out, Litecoin could retest the February high at around $240 Litecoin's MimbleWimble code will be ready by 15th of March thus providing an event for bullish momentum Bitcoin regaining $58k could provide Litecoin with the right environment to push higher...

Mar 10 2021

Litecoin’s MimbleWimble Code To Be Ready by March 15th

In brief: MimbleWimble core developer David Burkett has stated that code for the potential upgrade will be ready by March 15th On this date, the code will be ready for final review and formal auditing Miners will then agree on whether to implement the upgrade or not MimbleWimble has been running on the testnet for 3 months The code to Litecoin's potential MimbleWimble...

Feb 28 2021

Grayscale Accumulates 178,691 Litecoin Worth $28.9M in 30 Days

Quick take: Grayscale Investments has quietly scooped up 178,691 Litecoin in the last 30 days This translates to roughly $28.9 million in Litecoin Gene Simmons has openly declared that he is 'a happy Litecoin investor' The 50 day MA provides LTC with support at current levels of $160 The monthly close tonight could send the value lower to the $150 - $145 price...

Feb 14 2021

It Might Be Time to Forgive Charlie Lee For Selling his Litecoin Bag

In brief: Litecoin's founder, Charlie Lee, sold his LTC in late 2017 to concentrate on the project's development Charlie Lee received a lot of criticism for his decision to sell his Litecoin bag According to David Schwartz, Mr. Lee sold his Litecoin at an average price of $205 Litecoin is currently trading at $220 therefore it might be time LTC investors forgave Charlie...

Jan 10 2021

Litecoin to Soon Have Smart Contracts via Flare Network Integration

Quick take: Flare Networks will be integrating Litecoin ahead of their Q2 launch Litecoin users will be able to use Ethereum style smart contracts Litecoin holders qualify for a 5 Billion Spark Token (FLR) airdrop Details of the airdrop will be provided later with the tokens being sourced from the Flare Team's allocation The Litecoin (LTC) network will soon have smart contracts thanks...

Jan 03 2021

I Don’t See LTC Having Properties to Accelerate Adoption – Novogratz

Summary: Mike Novogratz does 'not see Litecoin having any properties that will accelerate adoption' He recommends longing Bitcoin, Ethereum and some 'cool DeFi projects' His comments were in reference to a tweet that projected Litecoin thriving with XRP and privacy coins out of the picture Litecoin has since broken the $150 price ceiling and could attempt $200 in the weeks to follow In...

Dec 30 2020

Litecoin’s MimbleWimble Code Will Be Ready by Q1 of 2021

Summary: Code to Litecoin's MimbleWimble will be ready by Q1 of 2021 Activation will soon follow depending on the Litecoin community and miners Litecoin has soared by over 211% in Q4 of 2020 Litecoin could continue to gain in the markets as investors look for digital assets that do not resemble securities The final code for Litecoin's MimbleWimble protocol will be ready by...

Dec 11 2020

Litecoin Fdn. Partners With Hub to Deliver Virtual & Hybrid Events

Quick take: The Litecoin Foundation has an announced a partnership with Hub The partnership will be for the delivery of virtual and hybrid events to the crypto industry and Litecoin's over 1,000,000 global member community Such events are particularly important during COVID times that require social distancing Litecoin's global community will get rewarded for meaningful and trustworthy interactions The Litecoin Foundation has announced...

Oct 04 2020

Litecoin’s MimbleWimble is Live on Testnet, Full Activation in 2021

In summary: On the 1st of this month, Litecoin's MimbleWimble protocol was launched on the Testnet MimbleWimble developer, David Burkett, explained that the testnet version still has to undergo further testing before the Litecoin community can test it Full activation on the mainnet will be some time in 2021 On the first of this month, the MimbleWimble protocol on the Litecoin (LTC) network...

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