The Currency Analytics
By Dan Saada
Litecoin has been trading around $47 after a 10% decline in its price over a week. Regardless of the overall downtrend, Litecoin gained nearly 5% in the past 24 hours.
The 20-day EMA is on the downtrend. The 50-day EMA has crossed the 200-day EMA. These trends are indicative of the token’s weakness.
Litecoin is also working on privacy improvements. The Litecoin development team is working in collaboration with the MimbleWimble Protocol, probably to add the privacy…
Charles Lee, when talking about how the whole thing will work, stated, “All the miners are mining both the extension block and the main chain at the same time, after the…
Thus the end goal is to provide Litecoin users with improved privacy features on their transactions. MW is offering pseudo privacy.
An average user on the Litecoin system despite being able to track down the interactions of network participants, does not know how to set up a tracking system for this purpose.
Some call Litecoin as “Silver to Bitcoin’s Gold," yet others call it as “Dark Horse of 2018.
The Lightning Network, along with LitePay combined, is making Litecoin accessible for all investors.