Why Did Satoshi Nakamoto Choose 21M as Bitcoin’s Maximum Supply? So it remains bullish nonetheless, as it continues to approach previous highs after bouncing off the 50 daily SMA. The protocol, named after a fictional Harry Potter spell, uses confidential transactions. With all this volatility, going up and down 30-40% in just a few days, is hard for it to keep its safe haven status. Digital currencies used to be considered a high risk market, which attracted traders who were looking for high return-high investments, considering the instability of the market, the high volatility and the large spreads. Litecoin price came within six points of testing the 2017 high at $420 on May 10 before initiating a notable decline. Cryptocurrencies have received a lot of attention from investors recently, as the material world becomes too unstable. As announce by the official Litecoin Twitter account, the code for the MimbleWimble via Block Extension (MWEB) will be completed within the next. MimbleWimble upgrade is due to roll out in 2021. "image": "https://passioncrypto.com/wp-content/uploads/2019/12/maxresdefault1-800x445.jpg?v=1575358058", Ethereum (ETH) Prepares to Smash Through the $1,500 Barrier. The aim is to bring decentralized financial services (DeFi) to their currency, allowing LTC “to be used trustlessly on Flare with Ethereum style smart contracts” and promising “interoperability and composability” for it. On the daily chart, the price of Litecoin has just climbed above the 200-SMA, which was acting as a strong resistance level for the past week. Previsioni Bitcoin ‘s prediction says Litecoin’s price will double between 1st January and Late May in 2022. It placed Litecoin in the crypto market as a strong financial asset with long-term growth potential, which is materializing with the new developments. "name": "Charles Hoskinson" He sent his intentions via Twitter, stating that he loved the idea of a cross-chain communication between Litecoin and Cardano. LTC no longer a top-10 cryptocurrency by market capitalization. He has previous trading experience and has been actively covering the blockchain and crypto industry since 2017. Litecoin price prediction 2023. However, the upward trendline won’t stop there, and the coin will undergo an upswing to $819 by August of 2022, dip slightly to $529 and then close the year at $661. GovCapital – Litecoin Forecast. "@context": "https://schema.org", Many people asked whether adding MimbleWimble will make Litecoin's codebase diverge from Bitcoin's codebase. Bitcoin surged above $ 40,000 earlier this month, with Ethereum following suit, suddenly taking all the attention in financial markets. Please try again or go. Litecoin Price Prediction 2022 The bullish trend for LTC that started in late 2020 and throughout 2021 will continue going forward into 2022. Monero Coin (XMR) Forecast for 2021: Will the XMR/USD Continue to Rise in 2021? This indicated that Litecoin was resurging in terms of investment, transactions and transfers. Users will be able to convert Bitcoin to Litecoin using atomic swaps to take advantage of MWEB’s privacy features. Skerdian is a professional Forex trader and a market analyst. - Try Now Risk-Free - Money-back guarantee! "image": "https://upload.wikimedia.org/wikipedia/commons/2/21/Charles_Hoskinson_profile_color_no_background.png", MimbleWimble Might be the Game Changer Litecoin Needs to Boost its Relevance Litecoin News Today – With the way things have been going for Litecoin over the last few weeks, Litecoin could use a win. The same does not apply to cryptocurrencies, as historical transactions are all recorded on the blockchain. Litecoin announced a shift from proof-of-work to proof-of-stake in June last year. Litecoin’s #MWEB is now “Code Complete” read the update at: https://t.co/FKAfQIlUnb #Litecoin #Litecoin10. Litecoin may not get as much acclaim as other altcoins, but it’s a crypto stalwart. Litecoin has implemented Mimblewimble, giving the current number 9 (in terms of market cap) some brand new privacy features. In response to this, the creator of Litecoin replied with the word “sure”, indicating that he approved of the idea of working together. Immediate alerts to your email and mobile phone. It will be up to the community to decide how quickly MWEB will activate, the announcement added. Will MimbleWimble make Litecoin divergent from Bitcoin? for and against traders. Crypto predictions with the Best Telegram Signal with +70% accuracy! This increases the scalability and makes it cheaper to mine, which attracted Flare, encouraging it to integrate with Litecoin and make Litecoin transactions possible through the Flare Network, while giving Litecoin holders free Spark (Flare) tokens. David Burke. Somewhere in between the years 2021 and 2022, we may see the price of Litecoin moving towards its previous all-time high of 360.66 USD but will experience a sharp correction almost immediately afterward. Stay up to date with the MimbleWimbleCoin (MWC) price prediction on the basis of hitorical data. The future prices of the Litecoin after a year are predicted as $ 87.407 in 2021, and for 2025 they are expected to grow at a rapid pace, reaching $ 641.899, according to GovCapital’s predictions. After over a year of ongoing development, MWEB is now “code complete,” according to lead Litecoin developer David Burkett. Largest eight-day decline since March 2020. Litecoin price came within six points of testing the 2017 high at $420 on May 10 before initiating a notable decline. According to a published Long Forecast research, the price of Litecoin should have reached $55 by the end of 2020. As a result, cryptocurrencies look safer now, given their decentralized and anonymous nature. }, Track signals, important economic events and save articles in your watchlist. However, it celebrated a three-year high of $238 on Feb. 20. The price of Litecoin has increased at a faster than expected rate until Dec. 2020. HONG KONG. Tap to unmute. However, the Litecoin is still trading above the low from the earlier decline in January, so until that low gets broken, the situation still remains bullish. LTC still has yet to reach its December 2017 all-time high of over $350. The MimbleWimble Extension Block upgrade will improve key features that Litecoin lacks – fungibility and privacy. Historically, when BTC has a bullish period, LTC follows. With the upkeep of a transparent ledger, Blockchain provides a medium through which all the transactions can be viewed because the mechanism supports it. As a result, they have been acting as safe havens since October 2020, attracting funds from large investors and businesspeople/companies. Ethereum (ETH) Price Prediction For 2021: Will Buyers Break 2017 Highs Soon? The market trend factors in multiple indicators, including Simple Moving Average, Exponential Moving Average, Pivot Point, Bollinger Bands, Relative Strength Index, and Stochastic. The Litecoin team have been following the Bitcoin codebase since inception. In August last year, Litecoin had over 92,278 active wallets in 24 hours, according to Foundation Director David Schwartz, who said that the cryptocurrency, Litecoin, was more than both Bitcoin Cash and BSV combined, at 90,446. This will have the price hit $793 from $370. The email does not exist in out system. However, it began retreating in late January, but it has found solid support at the 20 SMA on the daily chart, which has been holding since January 11 and now it’s off to new highs. Bitcoin vs. Litecoin MWEB introduces fungibility, scalability, and privacy. The first bearish candlestick was pretty big, while the other two look quite small, so sellers are finding it hard to push lower, which is another bullish signal. Therefore, we need to use a different method in order to predict the price at the end of Dec. 31. Want to learn how to trade? So, let’s wait and see how this candlestick closes. Then, we saw another attempt at turning the Litecoin price bullish in 2019, which took the price to $ 145, but the technicals brought it down, and kept it there until the second half of 2020, when the second “gold rush” for cryptos started. The high level of leverage can work both Copyright 2012-2021 by Smart Financial Traffic LTD, Long Term Signals VS. Short Term (Day Trading) Signals. Once finalized, the code will be incorporated into Litecoin’s main codebase. Our Litecoin price prediction falls somewhere between the two options described above. LTC price will increase in value in 2021; the most bullish prediction for 2021 indicates Litecoin will reach $4,600 by the end of 2021, according to PrimeXBT. Get. Join our Telegram Today! On the daily time-frame, the 200 SMA (purple) was providing support for this digital currency in September, when the price was still trading sideways. MimbleWimble solves this by using extension blocks. Until then, cryptocurrencies were just some new internet thing, but after that surge, they earned recognition as a separate market, while the recent surge in late 2020 and January 2021 is earning them the status of an important market at the very least, and a safe haven for most traders and investors. Please enter your email ddress. Litecoin’s MimbleWimble-Extension Block proposal will be completed on March 15. Litecoin Forecast: H1 2021 Price: $350 – $400 Price drivers: Second wave of COVID-19,Technical pullback, Safe haven retreat: Litecoin Forecast: 1 Year Price: $500 – $600 Price drivers: Post COVID-19, Hawkish central banks, USD reversal, Positive risk sentiment: Litecoin Forecast: 3 Years Price: $1,000 – $ 2,000 Bitcoin has been leading the surge, but Litecoin joined the party in November, and Ethereum is still keeping the party going for cryptos, as it keeps making new highs. Key factors influencing the ongoing Litecoin bull run include the MimbleWimble privacy upgrade, the ongoing crypto market rally, and the soaring Bitcoin prices. OPPORTUNITES Fungibility introduces the concept that certain items could be mutually interchangeable — an example being one USD = $1. He added that there were many possible ideas to be discussed. Risk Warning: Trading forex, cryptocurrencies, indices, and commodities are potentially 2 min read → Trading may result in the loss of your money, therefore, you should But it is pretty dynamic, so we can expect it to change continuously. Litecoin Price Prediction – May 19. "affiliation": "Cardano", And not only Cardano is planning to partner with Litecoin; Flare Networks is also planning to integrate with them. It turned bullish in November, but the main gains came from December until the first week of January. On this date, the code to the MWEB protocol will be ready for final review and formal auditing. Litecoin, with its low transaction costs and quick confirmation times, is becoming “the new global payments standard for consumers and businesses worldwide. The Litecoin price prediction is done based on the fact that it is the 7th most valuable cryptocurrency in the world. Litecoin bearish market price prediction for 2021 is $57.84. It saw a rise in activity in September last year, when the new MimbleWimble update was launched. Despite the fact that some range-bound occurs, the Litecoin price stays under bearish pressure as … This Litecoin (LTC) Price Prediction 2021 article is based on technical analysis alone. If you are looking for virtual currencies with good return, MWC can be a bad, high-risk 1-year investment option. This is due to the uncertainty regarding the economic and political situation around the globe, which has given digital currencies safe haven status. (BTC) Bitcoin Price Prediction 2020 / 2021 / 5 years (Updated 22 Dec. 20), Bitcoin Will Reach $400,000 After Halving, History Dictates, XRP Briefly Traded at More Than $8,300 and Nobody Noticed. This wall of supply has the potential to absorb the bearish pressure and push the price back towards the upside targets of $49.65 and $50.00 BiC Crypto Video News Show: XRP Pump and Dumps, How Will Regulators Respond? Litecoin features faster transaction verification times and improved storage efficiency compared to Bitcoin. But as you will gather from the following summary of predictions, things are looking up for Litecoin: Wallet Investor – lows of $120 – $170 and a maximum price of $240-$260; Strong resistance is found at the $205 mark. Before any investment in forex, cryptocurrencies, indices, Litecoin's price prediction Currently, Litecoin is trading at $176—down from its recent high of $260. How to Choose the Best Forex Signals Provider? Providing you with the best strategies and trading opportunities whilst equipping you with the tools you need to be successful. There is a possibility that this forecast includes the influence of the next Litecoin halving in 2023, since it is a cyclical predictable event. Litecoin's MimbleWimble went live on testnet during the weekend, according to the information published on the project's official website. According to them “The migration toward digital payments and digital representations of value continues to accelerate, driven by the COVID-19 pandemic and the increased interest in digital currencies from central banks and consumers.”. At the time of press, LTC was trading at a touch below $200 — down 7% on the week. "affiliation": "Litecoin", But the resistance at $ 185 held, and now the price is turning down. Litecoin founder Charlie Lee has focused on fungibility, scalability, and privacy for the past couple of years. Get a beginners guide from BeInCrypto Academy! The maximum price will be reached in November, when it will be traded at $675.32 on average. ChainLink (LINK) Price Prediction for 2021, Bitcoin Cash (BCH) Price Prediction For 2021, Binance Coin (BNB) Price Prediction for 2021. Want to learn how to trade? It’s been in or around the top-ten since 2011 when it was launched as a “silver” alternative to Bitcoin’s “gold.”. The MimbleWimble testnet was launched in October 2020 and the code has been battle-tested over the past five months. Although it gave back almost a third of the value during the major retreat in the last week of February, which seems to have ended by the way, but Litecoin trades way off the lows now, back above $ 200. It was implemented in September and directed by the lead developer, David Burkett. The launch of MimbleWimble brought privacy features to Litecoin. The price prediction was from Kelly, a manager of BK Capital Management LLC, which claimed Litecoin could hit $500. On the other hand, a negative scenario could occur as well. "@context": "https://schema.org", But Litecoin, as a digital currency, was the catalyst that got the entire cryptocurrency industry going. In 2019 buyers attempted to turn Litecoin bullish again, and they managed to push the price higher to $ 45, but couldn’t break the 20 SMA despite piercing it briefly. And because of that, they managed to keep up with the newest updates of Bitcoin. As we mentioned above, Litecoin started life at $ 0.10 in 2011 and was trading at around $ 5 until 2017, when it started to turn bullish, taking off towards the end of that year, and reaching $ 420. Litecoin Chart By Trading View Litecoin Price Prediction 2021. These are essentially interconnected adjacent chains running next to Litecoin’s main chain. But after an upside-down pin candlestick, which indicated a bearish reversal, the price returned back down and retested the 50 SMA. Strong support is found at the $200 mark. The MimbleWimble testnet was launched in October 2020 and the code has been battle-tested over the past five months. Litecoin joined the big crypto party a little late, towards the end of December 2020, but it has made up for the late entry, having broken above $ 247 by the middle of February.
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