Litecoin (LTC) Attempts To Prevent an Outbreak of FUD by Releasing New Updates and Getting New Listings

Litecoin (LTC) tested a new high towards the end of Q3 2018. The digital currency surged to the $68.34 mark. However, it declined from that level towards the $47.67 mark before it consolidated higher again towards $62 on Sept. 23. The digital currency has been slightly stable over the past weeks. It has been trading around the $60 mark, unable to break over the $65 mark.

Litecoin (LTC) Core Software Update

Recently, the dev team of Litecoin (LTC) released a new version update to its Core software. The released update is v0.16.3 and it’s a very important one. The latest version fixes the vulnerability that v0.16.2 was initially meant to fix. However, node operators have been asked to migrate to the latest version as soon as possible. If the bug is exploited, miners will be able to inflate Bitcoin (BTC) supply. The bug will enable them to carry out double-spend attack on the network.

Litecoin (LTC) Futures Will Soon Be Trading on ErisX

Litecoin (LTC) futures will soon be available for trade in a new exchange. TD Ameritrade recently made known its intent to enter the crypto trading space. TD Ameritrade is the first brokerage company to launch online trading for traditional assets.

The firm recently invested in ErisX, an exchange launched by Eris Exchange. ErisX is a new trading platform for future and spots trading. ErisX will provide a platform for investors to trade Litecoin (LTC), Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and futures contracts.

Charlie Lee Addresses a Threat against Litecoin (LTC)

Charlie Lee is the creator of Litecoin (LTC) and he recently sold all his LTC holdings in order to play a fair role in the crypto space. Lee recently addressed what he believed was FUD to the digital currency. The article Lee believed was FUD was published by Multicoin Capital.

The community believed that the major aim of the article was to increase the value of a coin the firm has shorted at that time. However, Lee saw it as a threat to LTC and addressed every point highlighted in the article.

According to his tweet, he said that there is an effort to subdue the value of LTC by people that see it as a threat. He said he is going to clear up this fear, uncertainty, and doubt (FUD) and prove that the digital currency has tremendous value.

On the 3rd of October, Lee said that he used LTC to buy an Amazon gift card on Bitrefill platform. The LTC community was excited about this, as it shows that LTC now has a real-world use case.

Litecoin (LTC) Price Today – LTC / USD

Name Price24H (%)
Litecoin (LTC)
$23.33
-3.96%

Litecoin (LTC) is currently worth $58 after a decrease of about 2 percent over the past twenty-four hours. The digital currency currently has a market cap of $3.36 billion with a trading volume of $399.30 million over the past twenty-four hours.

Litecoin Price Analysis Today

The value of Litecoin (LTC) has been facing a very strong hurdle on the upside. The digital currency recently surged over the $62 mark, but it was capped at the $65 level. LTC was strongly supported by $59 mark. However, that support level now acts as a hurdle. The immediate support of the coin is at $55. On the upside, it is facing resistance at the $59 mark. A break over this level is needed for more gains towards the $65 mark.

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