- Litecoin at Risk of Plunging to $46
- Litecoin Launches “Magical Crypto Friends Show”
Since November most Cryptocurrencies have been facing rough patches as they recorded sudden price decline. This happened shortly after the cryptocurrency giant by market cap Bitcoin declined by almost 1.5% between an hour. Currently, is priced at about $52, the coin seems to be trailing behind Bitcoin’s price decline with the coin retesting its support level.
Previously, the Litecoin price analysis showed that the coin had a market cap of about $3.4 billion and a daily trading volume of about $2.9 billion. Currently, Litecoin price analysis shows a 5.41% price decline in the past 24 hours and traded mostly on CoinEgg exchange with the exchanging accounting for 9.38% of the volume over the period. Since last week when the bearish trend returned to the crypto-sphere, LTC is down with 9%.
Litecoin (LTC) Price Today – LTC / USD
Name Price $46.46
So far this year, Litecoin has done well in the market, the growth has been mind-blowing as most analysts were not expecting such growth. In fact, in mid-June, the coin was the best performing digital asset of 2019 with over 170% recorded growth in less than 90 days and surging at about $145.
This height was dragged down by the summer downtrend which saw the coin to decline to around $49 before a general market surge last month shortly after Chinese President Xi Jinping’s bullish statement on the blockchain.
Litecoin Launches “Magical Crypto Friends Show”
In a recent update on Litecoin, the foundation launched a YouTube page known as the “Magical Crypto Friends Show” which features Litecoin Founder Charlie Lee. The page is centered on educating people on Litecoin.
So far, the show has been used to pass information to the Litecoin community, talk about important happening in Litecoin together with new development and updates. Lee stated that the update will work thus: “All the miners are mining both the extension block and the main chain at the same time, after the soft-fork that is. So the Mimblewimble chain would go alongside the main chain and then you would have peg-in, peg-out, so you could move Litecoin into the other chain and back.”
In a recent press statement, Lee stated that the project is also working on privacy expansions. The Litecoin development team is working with the Mimblewimble protocol, especially the developers behind Grim, to possibly add the privacy protocol as an extension block to its channel.
Speaking on the YouTube page development, @magicalcrypto on Twitter stated that, “Watch the new Magical Crypto Friends Episode 24: Romantic Relationships! In this Litecoin episode: LTC Halving, Development, FUD and is it an SoV? + Roger Ver’s crazy claims!
Note: this episode was recorded the pre-ERC20 drama. (Next episode will have less LTC.”