Charlie Lee, the creator of Litecoin (LTC) has discussed the effort of the Litecoin Foundation in assuring the confidentiality of LTC transactions.

Litecoin news today – After spending the most of the last trading day around the $40 mark, the price of Litecoin experienced a slight decline. This took it’s price to $39 for a brief period. This minor correction was also echoed throughout the digital asset market. At the time of the drop, a handful of digital assets were in the red zone. Note that LTC has since moved on from this negative trend. Let us see how the coin has performed in the last 24-hours.

The coronavirus (COVID-19) continues to spread chaos worldwide, bringing down with it giant waves of hurdles to the global economy. The COVID-19 cases rose to 424,198 at the time of writing, with 18,934 deaths and 109,196 recovered patients. When WHO declared it as a pandemic on March 11, countries then experienced a complete halt in economic activities as large-scale quarantine orders and total country lockdowns took place. With people confining themselves behind doors, unemployment rates escalating, and businesses shutting down indeterminately, the financial market is experiencing major disturbances at an alarming level. Where is Litecoin (LTC) and cryptocurrency in all these?

In the past few days, there were mostly positive moves in bitcoin, Ethereum, ripple, and litecoin against the US Dollar. LTC price formed a strong support above the $40.00 level and started a solid upward move.

Having spent most of the day trading around the $40 mark, the Litecoin LTC price experienced a slight dip to $39. This minor correction has been echoed throughout the market, with all but a handful of altcoins in the red. Those losses appear to be dissipating as, at the time of writing, the Litecoin LTC price is trading at $40.61, up 0.63 percent over the last 24 hours.

The daily analysis above shows Litecoin slowly grinding higher in an ascending wedge formation since finding support at the $30 level after the recent market coll...

The crypto market is slowly rebounding and top altcoins are enjoying the uptrend signaling a possible bullish momentum in the coming days. Ethereum (ETH) breached the $170 resistance mark, Bitcoin Cash (BCH) and Bitcoin SV (BSV) grew 5.64% and 4.04% in the preparedness of the upcoming block reward halving and Litecoin (LTC) boosted 11% in the past 24 hours.

The prices of both Bitcoin and Litecoin have increased by slightly more than 20% since the beginning of the month. Their price action shares numerous similarities, allowing for the possibility that the price of one is leading the other.

Litecoin news today – The LTC/USD pair reportedly fell from the $39.25 area to the $37.50 position. This happened as the downward pattern started to act as the market’s resistance. The Litecoin price also dropped below the support area offered by both the 9-day and 21-day MA’s. The $35 support area for LTC must be well defended by the bulls. This is meant to prevent any further downward price movement. The technical indicators are moving in a similar direction. Meaning, that there may be a further sideways movement for the coin’s price.

Charlie Lee was questioned on the latest use cases that he was seeing for Litecoin. In terms of what will make people gravitate towards the use of cases solving real-world problems. He was also questioned on what happens when he looks at all of the things out there for which Litecoin is being used for, what he thinks is particularly powerful.

Currently, the LTC market cap is seventh on the Coinmarketcap table at approx. US$2.5 billion, with a recent exchange-traded volume of $3,092,250,056 over the past 24 hours. The silver crypto reported a decrease of 2.80% over 24 hours. LTC/USD was valued at $38.02 at the time of publishing. Following the initial recent price recovery in the market, though not all coins maintained bullish patterns, nevertheless, several altcoins saw a probable upward trajectory awaiting volatility in an attempt to surpass prior violated barriers. To improve the adoption of Litecoin, Litecoin Founder Charlie Lee is promoting privacy and fungibility to making the coin the choice cryptocurrency for transactions. The push for privacy from Litecoin is being led by developer David Burkett who plans to start evaluating anonymous transactions on the network during the first half of the year.

As the market builds on the gains it reported yesterday, Bitcoin is reporting earnings of almost nine percent as the apex cryptocurrency crosses the $6,700 region, bringing much of the market up with it. With all the top 10s in the green, the Litecoin LTC price has climbed almost five percent at the time of writing to $39.80.

Litecoin news today – The LTC/USD trading pair has mostly underperformed since it managed to stage its recent recovery. This recovery took the coin’s price from the lows it posted just a few weeks ago. While the recent price crash was devastating for all traders, the LTC/USD pair has not recovered as well as other major crypto offerings in the market. Meanwhile, the Litecoin price only succeeded in its attempt to test the $43 resistance area although this was attained with little success as prices have underperformed.

Trading conditions have been tight since the 13 March, following the heavy price falling, there has been a lack of market commitment since. There is more favour technically to see another drop.

Litecoin (LTC) is again facing pressure from traders who wonder if the price will be able to pick up the momentum necessary to recover the losses from the major market crash on March 12.

Another day of mostly sideways movement as most of the market is reporting moderate gains. Bitcoin has gained a little under two percent at the time of writing as the kind cryptocurrency inches its way back to $6,500. While Litecoin, the silver to Bitcoin’s gold, is reporting slight earnings of less than one percent (0.32 percent), bringing its trading value to $39.08.

Over the last 24 hours, Litecoin has traced a dip below $37.40 with a sharp fall. It’s not only LTC that has faced such a bearish blow in the last couple of days; the majority of altcoins have gone through ups and downs as Bitcoin price dipped below $6000 once again.

Litecoin news today – In a new day of mostly sideways price action, a few digital assets have reported moderate gains. The tops coin’s like BTC and Litecoin have posted minor rises in value. Bitcoin gained 2% at the time this content was published as the leading cryptocurrency finds its way back to the $6,500 area. Meanwhile, Litecoin has posted slight earnings of under 1% (0.32%). The coin is now changing hands at $39.08.

Litecoin price has sustained gains above a key ascending trendline since the dip to $25 support in March. Recovery has been gradual but steady. The tug of war bet...

Litecoin (LTC) recent spike seems to be leading the top cryptocurrency, Bitcoin (BTC), and signals to spark a possible bullish run in the coming days. According to cryptocurrency analyst, Willy Woo, LTC/USD bears and in extension BTC bears should be wary of shorting the pairs of crypto as the market looks very bullish.