On the 2nd of July, the Litecoin price line fell towards the $41.23 mark. Crypto analysts believe that the cryptocurrency is currently bearish and it will fall towards the $38 to $39 range before seeing any bulls.

Litecoin news today – The price of Litecoin is reportedly in a downside bias in the short-term after it failed in its attempt to stay above $44. The digital asset is currently trading at the $43.95 area. The price of LTC has been mostly unchanged since the beginning of the day. It has also been stagnant day-to-day of its most recent high point. The coins’ price recently reached $44.65 which was high at the time. Litecoin is still holding the number seven position among the list of digital assets with the largest market cap with a current market capitalization of $2.8 billion. The coin also has an average 24-hour trading volume of $1.5 billion. Let us see Litecoin’s technical picture over the last 24-hours.

This past week, there was a downside extension in bitcoin, Ethereum, ripple, and litecoin against the US Dollar. LTC price broke the $43.20 support zone and settled below the 55 simple moving average (4-hours).

As of when this content was written, just 21% of LTC’s overall addresses were in the green. The remaining 75% are currently nursing losses. Litecoin’s addresses have an average balance of $1,000. The average transaction size increased to $6,000 from $2,700 at the start of this week, according to data published by Intoth

Mempool logic for implementing MimbleWimble on Litecoin has turned out an area “a bit more complex” than earlier anticipated, causing revision to the underlying code for this aspect.

Common sense according to a Litecoin enthusiast should dictate why Bitcoin is the King and on how Litecoin complements the BTC without competing with it. Sometimes it is good to learn the fundamentals and ignore the Fear, Uncertainty, and Doubt.

The Litecoin price line gradually made its way across the $42 level on the 4th of July. Alice Crypt, a crypto analyst expects LTC price to see a reversal within the next 6 to 12 months.

The creator of Litecoin (LTC) Charles Lee, has sent a vital message to the self-proclaimed creator of Bitcoin (BTC) Craig Wright, by signing into the genesis block of Litecoin (LTC), to prove the ownership of the genesis private key.

In a recent interview on CoinTelegraph, Charlie Lee, the creator of Litecoin was asked on why in the previous interview he called Litecoin as boring and on why he thinks like that. He was further questioned on whether he thinks it to be a plus or minus.

KUALA LUMPUR (July 6): Cryptocurrency exchange platform operator Luno has added Litecoin (LTC), which it says is the fourth digital asset approved by the Securities Commission Malaysia, to its trading platform.

The price of the Litecoin is currently changing hands at $41.59 as the technical indicator moves above 40-level.

Litecoin is up 0.05% ($0.02) since the previous 4 hours, marking the 2nd candle in a row an upward move has occurred. Out of the 5 instruments in the Top Cryptos asset class, Litecoin ended up ranking 4th for the four-hour candle in terms of price change relative to the previous 4 hours.

Litecoin, at the time of penning down this article, was trading at 43.94 against the US Dollar and is lacking support from both 50-day and 200-day MA on the 24-hourly chart. Additionally, it was just towards the end of the previous week, Litecoin Hashrate was hitting an All-Time High.

Litecoin news today – Litecoin LTC refreshed its lower levels at $42 earlier in the week in the last widespread sell-off. Before that, the digital asset could only attempt a shallow recovery from $45.30. Litecoin’s upward price action was capped by a descending pattern. The drop to $42 created a double-bottom pattern. This pattern culminated in a reversal. The recovery didn’t make it past the $44.00 area. However, a similar trendline resistance halted movement to the psychological level of $50. At press time, LTC/USD was trading at $43.61. The coin is supported by the 50-day SMA (at $43.48) via the 1-hour chart. The current action is neither bullish nor bearish. Consolidation will likely come in the narrow range between the $43.00 and $44.00 areas respectively.

David Burkett, the Litecoin (LTC) Senior MimbleWimble Developer, has on 1st July 2020 provided an update on the progress of the protocol for the just concluded month.

In the past few hours, there was a short-term upward move in bitcoin, Ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC price extended its decline below the $40.50 support level.

Litecoin price fell below the $42 mark on the 15th of June, while it returned above the $42.5 mark towards the end of the 24-hour trade. Crypto analysts believe that LTC price might break below the current support levels and turn very bearish.

Litecoin price trod towards the $42 level on the 1st of July. Crypto Comes, the crypto analyst on TradingView, believes that LTC price will see a downtrend towards $39 in the upcoming week.

Those who do not have a clear picture about Litecoin will be able to get a clear idea by following the Introduction to Litecoin. This is a great support for new investors who are trying to understand Litecoin and also for Litecoin itself. Perhaps, LTC are going to slowly climb up in the ranking ladder soon.

On the 6th of July, the Litecoin price line gradually made its way past the $43 mark after breaking out of the ascending triangle pattern. Atlas Trades, the crypto analyst, believes that the LTCUSD pair will see a further incline above the $44 mark.