Litecoin (LTC-USD) continues to bear its close correlation with Bitcoin (BTC-USD). The drop in BTC-USD from 12,000 to just above the 10,000 level was followed by a similar move in LTC-USD from $63 to below $48 in August/early September 2020. What is the price outlook for LTC-USD heading into the 4th quarter of 2020?

According to a leading cryptocurrency analyst, the popular altcoin Litecoin (LTC) is poised to come out of its shell and outperform Bitcoin.

Litecoin closed the last 4 hour candle down 0.43% ($0.21); this denotes the 2nd candle in a row a decline has happened. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 3rd for the four-hour candle in terms of price change relative to the last 4 hour candle.

Activity on the Litecoin network is seeing a resurgence amidst a broader bull run in the crypto markets, on-chain data metrics show. The fundamental sentiment is similarly growing, especially as the date for a MimbleWimble implementation draws closer.

Litecoin — long called the “digital silver” — has strong developments lined up to ensure the token’s long-term growth, said founder Charlie Lee on Twitter earlier today.

The cryptocurrency litecoin is often referred to as the silver to bitcoin's gold. This year, litecoin investors might have been better off staying in the analog world: While bitcoin has gained twice as much as gold, litecoin has barely kept up with silver.

The Litecoin price line saw another move towards the downside on the 21st of September. The cryptocurrency moved below to the $43 level. On the previous day, the price line varied closed above the $46 mark on the charts.

Fueled by what its developer calls a “smart” gameplay that enables players to earn litecoin (LTC) tokens, Litecoin game LiteBringer has led to a spike in transactions carried out with the use of the major cryptocurrency over the past days.

The bullish mood has remained on the market since the weekend as Chainlink (LINK) is the only coin from the Top 10 list that is located in the red zone.

Litecoin (LTC) transaction count has risen 15X following the launch of the LiteBringer–a decentralized, “idle” RPG PC-based fantasy game, on Sep 15. By Sep 22, there were over 139,000 transactions posted, up from 31k registered on Sep 13.

At the beginning of the day, LTC price stood shy of the $57.5 mark, after which it gradually came down towards the $56.5 level. The price line varied near the same price level until the afternoon where it briefly moved above the $57 mark. At 18:19 GMT, the cryptocurrency’s price rose to a day’s high of $57.96 US Dollars. At the time of writing, Litecoin traded at $57.75 US Dollars.

BlockCard is rolling out Litecoin (LTC) based Visa debit card. The blockchain’s founder Charlie Lee pointed out that it is their second effort as the earlier one did not succeed:

LTC has been on an uptrend after it bounced up from the $47.24 support line and managed to go up to $49.44 over the last seven days. The buyers tried to break past the $50.85 resistance level in the interim but got immediately thwarted.

The first Visa Litecoin (LTC) debit card is just hitting the market. BlockCard is behind the project. This is the second attempt at launching this type of project.

Litecoin’s 4 four-hour candle positive streak has officially concluded, as the candle from the last 4 hour candle closed down 1.08% ($0.62). Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 4th since the last 4 hour candle in terms of percentage price change.

Germany-based video game company CipSoft has released a game that fully operates on the Litecoin blockchain and does not have a central server according to an announcement published on twitter today. Named LiteBringer, the online role-playing game is similar to CipSoft’s first video game Tibia which involves fantasy characters, difficult quests and rewards. In LiteBringer though, the game’s weapons, and characters would be stored on the LTC blockchain which can also be transferred between players.

Litecoin Litening Series II on September 15, 2020 at 10 AM PT. The event is presented in partnership between The Litecoin Foundation and HUB.

A dev from the Litecoin team has tweeted that the amount of transactions on the Litecoin chain has skyrocketed thanks to a blockchain role-play game (RPG) based on Litecoin called Litebringer, in which LTC is directly used.

The Litecoin price line for an ascending slope on the 1-day chart for the 22nd of September. The price rose towards the $45 mark but was unable to sustain that position. Crypto analysts on Trading View expect the LTC price to fall towards $40. On the 21st of September, the cryptocurrency rested near the $43 level.

The number of transactions on Litecoin surged to 129.564K, a level not seen since January 2018 when the crypto was hovering a little below its all-time high price. At the time of writing, LTC was priced at $43.74