A Substantial Number of Idle Litecoin Were Moved Suggesting Incoming Volatility

Litecoin appears to have gained some visibility despite its lackluster price action. The eighth-largest cryptocurrency in the market took the spotlight after Grayscale Investment announced that regulators have given the green light for the sale of shares of its Litecoin Trust to the public. The new FINRA approved stock will trade under the symbol LTCN within the next month. The move is set to provide investors exposure to the underlying asset while avoiding the pitfalls of buying and storing Litecoin. “There will be no trading volume in the Shares’ public…

Chainlink (LINK) Rallies as Market Cap Surpasses Litecoin and Binance Coin

Today Chainlink (LINK) surpassed Binance Coin (BNB) and Litecoin (LTC) in market capitalization. Data from CoinMarketCap shows LINK’s market cap surged to $2.86 billion as the price rallied 9% to $8.17. This brought the market cap above BNB and LTC whose market capitalization sits at $2.84 billion and $2.83 billion respectively. Although LINK price did not break its previous all-time high of $8.22, it surged 14% in the last 24 hours and at the time of writing the altcoin trades for $8.17.    To date, LINK has been one of the…

If Crypto Traders Abandoned Litecoin Why Are Investors Hoarding LTC?

Price wise, Litecoin (LTC) has had a pretty rough year and currently the altcoin is down 51% over the past twelve months. The lack of GitHub activity and planned protocol upgrades have Litecoin co-founder Charlie Lee to admit 2019 saw a historic low in the number of developers working on Litecoin Core, the software behind network nodes. The beginning of 2020 was no different and Charlie Lee asked for voluntary LTC miner donations to help boost development funding. Uncertainties regarding Litecoin’s future have caused investors to lose interest in the…

Charlie Lee Breaks Down ‘Litecoin 2.0’

The creator of Litecoin, Charlie Lee, discussed the upcoming MimbleWimble upgrade which aims at enhancing Litecoin’s scalability and privacy. Lee noted that Litecoin’s upcoming implementation will be able to scale much better than other privacy-focused protocols, like Monero or Z-Cash. “It does privacy and scare very well compared to other implementations”, he said. Talking about the risks involved, Lee pointed out “hidden inflation”, a bug commonly affecting privacy coins which allows hackers to counterfeit an infinite amount of coins. However, “The risk is manageable”, Lee noted, pointing out that the…

Litecoin Signaling Fresh Increase To $50: Here’s How It Could Refuel Bitcoin

Litecoin retreated from the $50.00 resistance and found support near $45.00 against the US Dollar. The price is currently rising and it could surge if it clears the $48.00 resistance. There is a major bullish trend line forming with support near $46.50 on the 4-hours chart of the LTC/USD pair (data feed from Kraken). Bitcoin price could also continue higher above $9,800 if LTC first clears the $48.00 resistance. Litecoin price is rising again from the $45.00 support zone against the US Dollar. LTC is likely to first break higher…

Atari Partners With Litecoin Foundation — LTC Discount for Game Consoles

On Tuesday, the Atari Group announced a partnership with the Litecoin Foundation, betting on the overlap of interests between the crypto and gaming communities. Atari has raised 74.19 Bitcoin (BTC), worth roughly $514,000, over the course of the presale stage of its initial coin offering up to now. The funds came mostly from partners. Not only will Atari accept investments in Litecoin (LTC), Bitcoin and Ether (ETH), but gamers will be able to pay for its upcoming Video Computer System, or VCS, with Litecoin and receive a discount. It will be…

Litecoin Foundation Migrates to BitGo’s Multi-Signature Wallet

The Litecoin Foundation announced on May 7 that it would migrate from the multi-sig Electrum-LTC wallet to BitGo’s multi-sig wallet. News The Litecoin Foundation announced that it will migrate from the multi-sig Electrum-LTC wallet to BitGo’s multi-sig wallet.  According to a May 7 post on the company’s website, the move is due to BitGo’s wallet providing “greater convenience and nearly the same level of security.” The old Electrum-LTC addresses will be available online for one month, with the new BitGo wallets addressed to be published soon. The price of Litecoin…

Litecoin Mimblewimble Integration Sees Test Build and Codebase Progress

The lead developer on the Litecoin Mimblewimble (MW) project, David Burkett, has now built a functional testing framework and started to integrate the development work done so far into the Litecoin codebase. According to a May 1 report on the Litecointalk forums, the project to implement the MW privacy enhancements into Litecoin has reached an important milestone with the build of a test-bed. Burkett claims that he has also run some end-to-end validation tests through the framework. “I’ve built out a functional testing framework that builds valid headers, blocks, and…

Litecoin Foundation Produces Johnny Knoxville Horror Flick

The Litecoin Foundation acted as an executive producer for the heavy metal horror flick “We Summon the Darkness.” The film was produced by the Los Angeles-based film production company and Litecoin advocates Common Enemy and was released digitally on April 10. Litecoin Foundation among executive producers for comedy-horror film On April 13, the Litecoin Foundation shared the trailer for a satanic heavy metal-themed comedic horror movie for which it acted as executive producer. The foundation’s logo can be seen in the trailer’s opening credits. We Summon the Darkness stars Alexandra…

13,000 ATMs in South Korea to Support Litecoin Withdrawal and Remittances

On Feb. 28, the Litecoin Foundation announced a partnership with MeconCash to roll-out Litecoin (LTC) to Korean won withdrawals and remittances from 13,000 ATMs in South Korea. The partnership will see LTC integrated onto MeconCash’s M.Pay payments platform. Litecoin will also be accepted as payment on MeconCash’s retail platform MeconMall, and to pay for games that accept M.Pay rewards. According to CryptoCompare, 24-hour trade between Litcoin and won produced nearly $4.3 million in trade — comprising 0.82 percent of total trade at press time. Charlie Lee, the managing director of…