![]() There has been no major bullish breakout or a bearish breakdown on the charts ever since the beginning of June after the major crash post the Terra Classic ( LUNC) implosion that shocked the entire crypto market.Įven the Relative Strength Index for the LTC price has been wobbling around 50 the entire duration of the four months, going up and down but coming back to the middle right after. It can give the Litecoin Network 10x Scalability □ □ □ /Y6ycnbewmpīut on the other side, how well is Litecoin price responding to the major developmental upgrades that the network is receiving on a continuous basis?Īs is evident from the chart above, Litecoin’s native crypto token LTC price has been stuck in a range (marked in yellow trendlines) between $45 to $63 over the past four months. $LTC's #MWEB, MimbleWimble Extension Blocks, is the largest upgrade ever to the #Litecoin blockchain. According to Litecoin developers, this is the largest upgrade in the LTC blockchain as it will increase LTC’s scalability over ten fold. Aptly named Litecoin, it is very much the ‘lighter’ version of Bitcoin, with transaction speeds on the network coming in at about 2.5 minutes as opposed to Bitcoin‘s which takes anywhere between 10 minutes to an hour.Īnd with the recently released upgrade called MimbleWimble Extension Blocks (MWEB) things can become positively brighter for this particular crypto. It has all the best qualities of Bitcoin, its original predecessor, but the network works with lower transaction costs and higher transaction speeds. Litecoin has been a crowd favourite crypto for quite some time now. ![]() Supply in Top Addresses also sees growth. ![]()
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