Charlie Lee acknowledges that Litecoin “screwed up” after an employee retweeted a fake story on partnering with retail giant Walmart. The story spread like wildfire as it was reported by credible news outlets, including Reuters and Globenewswire. As a result, $LTC spiked 30% to $236, breaking previous resistance before selling off when investors realized it…
Against earlier trending reports that Walmart, the leading retailer and one of the biggest eCommerce companies in the world has partnered with Litecoin, a spokesperson for the company has come out to deny the press release. Walmart Denies Litecoin The fake release had expressly claimed that Walmart was going to start adopting the crypto asset…
$62 Million Litecoin Transaction Sent for Fifty Cents: The Potential of Crypto Transactions On November 9, the Litecoin (LTC) news site litecoin dot com reported one of the highest transactions to date on the LTC network, valued at 1,159,005.90779568LTC, or roughly $62M USD. 2 min read →
The NFT hype has taken over the crypto space in the past few weeks. But not all veterans are convinced. NFT what? You’re not alone if you’re skeptical about non-fungible tokens (NFTs), the shiny new crypto hype that is either overvalued or the next market frontier depending on whom you ask. Litecoin creator Charlie Lee…
The Litecoin MimbleWimble (MW) lead developer, David Burkett, has given a progress update on the project. He mentioned improvements to do with stealth addresses, as well as enhancements to the wallet interface. But crucially, Burkett puts a date of March 15 for when he can hand it over to the community for review. January Progress:…
The Litecoin price surged 6% again in the past 24 hours, after a week-long rally. It has become the second-best performing cryptocurrency by weekly gain. What’s triggering the Litecoin price rally? There are three major factors behind the Litecoin price rally: ideal technical structure, Bitcoin’s rally, decent fundamentals. Jonny Moe, a cryptocurrency trader, pinpointed the…
Unlike what many traders expected, the past few weeks and months have been all about Bitcoin. While certain altcoins have enjoyed strong rallies, BTC has consistently moved higher, resulting in a long-awaited correction in the Bitcoin dominance metric. Per CoinMarketCap, the metric is up from the lows of 55 percent seen in the summer to…
In the past seven days, the Litecoin price has increased by over 60%. It is the best-performing cryptocurrency in the past week, outperforming both Bitcoin and decentralized finance (DeFi) tokens. There are three major reasons why Litecoin has been rallying in tandem with Bitcoin. The reasons are a breakout against BTC, the historical relevance of…
During the latest Litening Series webinar, the heads of the Litecoin Foundation explored the idea of introducing interoperability between Cardano and Litecoin. David Schwartz, the project director of the Litecoin Foundation, said that it was important to generate as much talk about this idea as possible, as having a bridge between Litecoin and Cardano wouldn’t…
Litecoin, the sixth most valuable cryptocurrency in the global market, increased by 30% in the past week. As LTC shows strong momentum, on-chain data points demonstrate both bear and bull cases. The daily price chart of Litecoin with moving averages. Source: LTCUSD on TradingView Researchers at Santiment identified various on-chain indicators that buy the case…