Litecoin Partners with Cobo – Creates Tablet which Secures Recovery Phrase of Cryptocurrency

By Maheen Hernandez May 4, 2019 Off

The recent development with Litecoin is the introduction of crypto-tablet in collaboration with Cobo.  The tablet will have the inscription of the Litecoin Brand logo.  Securing recovery phrases for open source wallets gets a lot easier with this tablet.

If passwords are not stored properly, they are likely to be susceptible to theft.   The cryptocurrency pass-phrases can be securely stored in this tablet.  The tablet is water and corrosion resistant. The tablet has been constructed using the six series aluminum mostly used in airplanes.

The 12, 18, and 24 seed recovery phrases are supported in this tablet.  The collaboration between Litecoin and Cobo will provide for the benefit of both the brands, thus increasing their global presence.  Recovery phrase security devices are great gadgets for cryptocurrency owners.

The price of Litecoin gained momentum as they broke the key $75 and $78 resistance levels.  The Litecoin is up by more than 6%, and of late it has climbed above the 80 levels. It might touch up on the $85 level if there will be more gains.  It is a great game for Litecoin in the cryptocurrency market. We are yet to see if it will be possible for the token to sustain its gains.

It is expected for the partnership between Litecoin and Cobo to improve the price of the Litecoin significantly further.

Charlie Lee offloaded his Litecoin during the peak price trend.  In a podcast, he stated:  “I actually personally did think it was going to keep going up. I didn’t think that was the peak, I thought it was going to hit $1,000.”

Lee stated that people frequently ask him about the price prediction and he clarified that he himself was not clear about where the price of Bitcoin or Litecoin will likely head to.

With regards to price prediction, he opined, “If anyone tells you they know they’re lying. No one knows if the price will go up or down. I’ve seen a few bull and bear markets. Sometimes it recovers. Who knows? I think if anything, it’s good we see some recovery. But don’t go all in. I tell people never to go all in.”

Lee stated that he is working on adding improved fungibility features to the Litecoin in order to make it more private with improved scalability.  MimbleWimble is the technology used to improve the fungibility.

When asked about his opinion about Bitcoin, Lee stated, “Bitcoin will be the major one, and there will be a few other ones.”