Litecoin – My Blog

Litecoin confidential transactions spook Korean exchanges

23May By edrad80No Comments

Altcoins, Litecoin

Litecoin confidential transactions spook Korean exchanges

The recent privacy-focused MimbleWimble upgrade on the Litecoin (LTC) blockchain has prompted two of Korea's largest crypto exchanges to issue investment warnings about the fifth-largest cryptocurrency.Bithumb and Upbit, which together account for the majority of trading volume in South Korea, released statements on Monday advising investors about the risks associated with the privacy-enhancing upgrade. Litecoin's use of privacy-focused technology Mimblewimble allows users to make "confidential transactions," that allow them to send tokens while concealing transaction data, according to Bithumb. Upbit issued a similar statement.The two exchanges cited Korea's Act on the Reporting and Use of Specific Financial Transaction Information, a law that requires crypto exchanges to put in place Kno...

DOGE gets more love on Twitter and Ether gets more hate: Data analysis

12May By edrad80No Comments

Etherium, Litecoin

DOGE gets more love on Twitter and Ether gets more hate: Data analysis

Ether (ETH) has taken out the top spot on Twitter as the most hated of five cryptocurrencies studied, while the meme-token Dogecoin (DOGE) is the most liked.The findings emerged from a new report by TRG Datacenters that analyzed a year’s worth of tweets between January 2021 and January 2022 concerning five of the most popular cryptocurrencies to figure out which digital assets were the most emotionally stirring on Twitter. According to the analysis — which looked at Bitcoin (BTC), Cardano (ADA), Dogecoin, Ether and Litecoin (LTC) — Ether was firmly the most negatively associated, with 29% of all tweets containing a negative sentiment. The decision not to include Ripple, which has ardent fans but also very passionate critics, probably makes the study less comprehens...

6Apr By edrad80No Comments

Litecoin

Litecoin price risks 20% drop as LTC whale activity spikes to monthly highs

The daily transactions involving the richest Litecoin (LTC) addresses — "whales" that hold 10,000 to 1 million LTC — have jumped to their highest levels since December 2021.Litecoin selloff ahead?On-chain analytics platform Santiment detected a total of 3,458 LTC transactions, worth over $100,000, on April 5, calling it "an indicator of mid-term price direction shifts." Meanwhile, Litecoin's price continued its correction move on April 6, down 13% from recent highs of $135 on March 30.Litecoin daily whale transactions in 2022. Source: SantimentWhales are an influential cluster of investors since they hold a comparatively large amount of coins, whose movements can intentionally or unintentionally move markets in either direction.Santiment's chart revealed little about whether Lite...

Solana price eyes $150 as SOL’s 25% jump this week puts ‘double-bottom’ in play

2Mar By edrad80No Comments

Altcoins, Bitcoin, Litecoin

Solana price eyes $150 as SOL’s 25% jump this week puts ‘double-bottom’ in play

The price of Solana (SOL) may rise by over 45% in the coming weeks as the cryptocurrency intends to complete a double-bottom chart pattern against the United States dollar.A $150 SOL ahead?Double-bottoms typically appear at the end of a downtrend when the price falls to a low, rebounds, and returns to the level near the previous low. With bears unable to push the price to a newer low, the selling sentiment becomes exhausted, leading to a sharp upside retracement and a breakout move afterward.SOL has been somewhat painting a similar pattern since Jan. 24, especially after extending its rebound move by rising 25% week-to-date to reach above $100. Additionally, a visible bullish divergence between SOL’s price and relative strength index trends indicates a high probability of a double-bottom b...

Rune’s upcoming mainnet launch and Terra (LUNA) integration set off a 74% rally

1Mar By edrad80No Comments

Altcoins, Litecoin

Rune’s upcoming mainnet launch and Terra (LUNA) integration set off a 74% rally

2021 was a roller coaster of a year for THORChain (RUNE), which saw its price top out at $20.31 only to come crashing down below $4 as a series of hacks and declining interest in decentralized finance had the token limping into 2022.Data suggests that investors could be taking a closer look at Rune and a few potentially bullish factors could include the protocol's recent integration with the Terra and Cosmos ecosystem, an upcoming mainnet launch and the attractive yields offered to liquidity providers.RUNE/USDT 4-hour chart. Source: TradingViewData from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $3.00 on Feb. 24, the price of RUNE has rallied 74.2% to a daily high at $5.23 on March 1 amid a 388% surge in its 24-hour trading volume.Rune integrates with Terra...

Litecoin is finally launching its major Mimblewimble upgrade

31Jan By edrad80No Comments

Altcoins, Litecoin

Litecoin is finally launching its major Mimblewimble upgrade

After two years of development, Litecoin (LTC) has finally launched its highly anticipated Mimblewimble upgrade, opening the door to more privacy-oriented transactions on the network. Mimblewimble’s integration into Litecoin came by way of the Mimblewimble Extension Block, also known as MWEB, which allows the network’s users to opt-in to confidential transactions. MWEB lead developer David Burkett, who has been sponsored by the Litecoin Foundation, said the upgrade improves Litecoin’s viability as a fungible currency that can be used for everyday transactions, pay employee salaries and even purchase real estate. Mimblewimble is a privacy-focused decentralized protocol that derives its name from a tongue-tying spell that was first made famous in the Harry Potter book series. The protoc...

SBI Group launches crypto-asset fund for Japanese investors

18Dec By edrad80No Comments

Bitcoin, Litecoin

SBI Group launches crypto-asset fund for Japanese investors

Tokyo’s biggest finserv firm, SBI Group, will now allow general Japanese investors to purchase cryptocurrencies via its newly launched ‘crypto asset fund’. The fund is composed of seven cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XRP, Bitcoin Cash (BCH), Chainlink (LINK) and Polkadot (DOT). The crypto-asset fund, to be traded and operated by the SBI Alternative Fund, was established on Dec. 02 with a dedicated capital of 5 million yen, worth approximately $45,000 at the time of writing. However, the company may choose to release the capital in smaller break-ups of 1 million yen each. Source: SBIAccording to the official statement, investors will be required to go through an application process that includes an anonymous partnership agreement with SBI Alte...

Litecoin grapples with ‘double top’ risks after LTC price rallies 37% in November

15Nov By edrad80No Comments

Bitcoin, Litecoin

Litecoin grapples with ‘double top’ risks after LTC price rallies 37% in November

A 37% November price rally in Litecoin (LTC) risks exhaustion as the “silver cryptocurrency” hints at forming a double top chart pattern.The classic bearish reversal setup appears when the price forms two consecutive peaks of almost the same height, with each upside move meeting with a strong correction toward a common support level, called the “neckline.”Typically, the price breaks below the support and falls by as much as the maximum height between the double top’s peak and neckline.So it appears, Litecoin is halfway through forming a double top pattern, as shown in the chart below.LTC/USD four-hour price chart featuring “double top” pattern. Source: TradingViewIn detail, LTC’s price peaked out on Nov. 10 near $295.50 — the first top — before correcting lower toward the neckline sup...

Top 5 cryptocurrencies to watch this week: BTC, LTC, LINK, VET, AXS

14Nov By edrad80No Comments

Altcoins, Bitcoin, Litecoin

Top 5 cryptocurrencies to watch this week: BTC, LTC, LINK, VET, AXS

Bitcoin’s (BTC) bullish sentiment received a minor setback on Nov. 12 afte the Securities and Exchange Commission (SEC) rejected VanEck’s Bitcoin exchange-traded product that planned to track Bitcoin’s spot price.However, this negative development was followed by the successful activation of the Taproot soft fork on November 13. Bitcoin developer Hampus Sjöberg, who runs a Taproot dedicated website, told Cointelegraph that the “greatest win” was that Taproot showed that Bitcoin could do network upgrades and that was important for the longevity of the network.Crypto market data daily view. Source: Coin360Analysts from Decentrader also pointed out that Bitcoin’s last major upgrade was the implementation of Segwit in August 2017 and this was followed by a sharp rally from $4,00...

Litecoin hits 6-month high as LTC price soars 20% in 24 hours

9Nov By edrad80No Comments

Altcoins, Bitcoin, Litecoin

Litecoin hits 6-month high as LTC price soars 20% in 24 hours

Litecoin (LTC) has posted daily gains of almost 20% on Nov. 9, the highest levels for LTC/USD since May 2021, amid a wider cryptocurrency market rally that analysts attribute to inflation fears.#Bitcoin, #Ether hit records, exceeding Oct high, amid broad rally in cryptocurrencies. Low real yields, need for inflation hedges are shaping markets. pic.twitter.com/xN0Athssng— Holger Zschaepitz (@Schuldensuehner) November 9, 2021The 14th-largest digital asset rose by a little over 25% in three days, pushing its price to almost $250 on Coinbase. Meanwhile, the total value of cryptocurrencies reached nearly $3 trillion, the highest level ever.Bitcoin influenceLitecoin’s ongoing price rally drew inspirations from similar upside moves across the top digital asset brass, data from Cointelegraph ...