Litecoin Falls Significantly but Takes a Breathe Above $44

Litecoin (LTC) price is in a downtrend as the price broke below the current support at $60. The bears have also undercut the previous low at $54. The upward movement was limited by the 21-day line SMA.

Timeline of Litecoin

Litecoin market cap crashes as triggered by the bearish movement of the crypto market. Litecoin's market cap was down by more than 30% compared to its performance in the first week of May wherein the digital asset was in top shape.

Litecoin price analysis shows the Litecoin market has been in a bullish trend lately as the prices have been rising steadily. The current support for LTC prices is at $40.0 while the strongest resistance is seen at $48.0.

Binance will no longer support MimbleWimble-based Litecoin (LTC) transactions – a decision likely motivated by the increasing need to meet compliance standards. The post Binance to Cease Support for MimbleWimble-Based Litecoin Transactions appeared first on BeInCrypto.

Binance has announced that it will not support Litecoin transactions made through the MimbeWimble Extension Blocks function. The post Binance announces withdrawal of support for anonymous Litecoin transactions appeared first on CryptoSlate.

Litecoin price analysis is highly bearish today, as price crashed down below support at $45. Forming a descending triangle on the daily chart, LTC price crashed more than 13 percent over the day's trade to exhibit a complete bearish takeover.

The world's biggest crypto exchange by volume, Binance, published blog post this morning saying they are not going to support the MimbleWimble Extensions Block (MWEB) feature for Litecoin (LTC) deposits and withdrawals. They cited worries about security as the main reason for this decision.

From the look of things, the MimbleWimble Extension Blocks (MWEB) implemented on Litecoin's Network have failed to provide the much-required succor for the Network's LTC token. The MWEB upgrade was implemented to enhance the user experience by providing users the option to make confidential transactions on the Litecoin network.

Binance ended support for anonymous LTC transactions after the MimbleWimble upgrade which makes the transactions confidential at a time when most of the exchanges are implementing strict AML and KYC guidelines as we can see more today in our latest Litecoin news. Binance ended support for LTC and warned that any transaction sent thorugh the

The crypto exchange won't accept litecoin transactions using MimbleWimble Extension Blocks (MWEB). The post Binance warns against use of litecoin's Mimblewimble privacy feature appeared first on The Block.

Largest cryptocurrency exchange Binance has joined the list of trading platforms that have announced they won't support Litecoin transactions based on the network's new privacy feature known as the MimbleWimble Extension Blocks (MWEB) function. Binance won't support LTC on MWEB First introduced in November 2019,  MWEB is a fungibility improvement introduced to the LTC network.