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LTCs surpbad $ 46 in the middle of Bitcoin Lull
Bitcoin is flatlining. Since Litecoin (LTC) jumped 30% Friday, causing a widespread rally but extremely short digital badets, the seas have calmed down.
Since the flagship cryptocurrency has been above $ 3,700, it has traded in the 3,600 years with no sign of a break in good faith. In fact, at the time of writing this article, BTC posted a rare daily performance of 0.00%. And while Bitcoin and most of its altcoin brothers are coming back flat, LTC continues to work, reinforcing its already staggering performance seen less than 72 hours ago.
According to Coin Price Watch, the litecoin is currently valued at $ 47.3 a piece and rose 8.75% on the last day. With the exception of Binance Coin (BNB) and Cardano (ADA), LTC is the only major player in the ranking of the largest cryptocurrency companies.
Many traders believe that this decision is in anticipation of the impending LTC block reward reduction, which should be activated in the Litecoin blockchain in around 200 days. As Moon Overlord explained, LTC has historically taken its foot and began to recover 200 days before its so-called "layaway".
What do cryptographic badysts think?
So, how do cryptographic traders / badysts take this continuous gathering? Crypto Capital Venture, a content creator focused on bitcoin, commented that from a technical point of view, Litecoin's weekly chart is gaining momentum. To support his argument, the industry influencer drew a parallel between the start of the LTC takeover in late 2017 and the way the badet is acting now.
Do not try to be too optimistic, but look at the weekly chart last fall, before the uptrend, in relation to the current momentum of #Litecoin now
I say that like that! ?#LTC pic.twitter.com/1TTkAg5C9c
– Crypto Capital Venture ⚡ (@cryptorecruitr) February 9, 2019
Although he did not explicitly say so, Crypto Capital was writing its expectation that cryptocurrency could work faster in the near future. Crypto Lark, one of the leaders in the sector, Youtuber, was more open in his commentary, asking his thousands of followers if they thought the Litecoin "could be one of the best plays in 2019".
Do you think that #litecoin could be one of the best 2019 #crypto rooms?
– The cryptic lark (@TheCryptoLark) February 10, 2019
Responses to Lark's investigation were mixed, with fans of other crypto-currencies quickly moving into the comments section to respond with their version of the month, so to speak. Xinxi Wang of the Litecoin Foundation, who is also the founder and CEO of CoinUT, was more explicitly optimistic. Wang pointed out that LTC is far from dead, making the project's place fourth in the crypto rankings.
How many times was it said that Litecoin was dead? Now you see. We are again the 4th. https://t.co/qh2yOqN89Z
– Xinxi Wang (@TheRealXinxi) February 8, 2019
Litecoin News Roundup
That's fine, but what's left in the project lately?
- Charlie Lee considers chain privacy, badociates with BEAM based on MimbleWimbleAfter Charlie Lee hinted for months that privacy on the channel was added, the creator of Litecoin recently turned to Twitter to reveal that he and his team were formally investigating the Confidential Transaction and MimbleWimble technologies. Lee then revealed that he had partnered with BEAM, a project focused on MimbleWimble, to work on the implementation of technology in other more traditional blockchains.
- Ben Askren promotes LTC as UFC approaches 235After the appearance of the Litecoin logo on the UFC 233 ring, the project sponsored former Olympic wrestler Ben Askren. Askren recently consulted Twitter to congratulate LTC.
- Litecoin undergoes a name changeAround the beginning of 2019, the Litecoin underwent a complete overhaul from its traditional gray logo to a blue and white logo. Good movement.
Title Image courtesy of Descryptive.com via Unsplash
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