Litecoin [LTC]: Assessing if a sizable bull run can be on the way

Litecoin LTC bears demonstrated their dominance once again towards the end of last week, leading to more downside. However, LTC's latest lows suggest that it is closer to the bottom than expected.

Timeline of Litecoin

Litecoin price analysis shows the LTC prices are currently showing some bullish momentum building up again after a brief period of consolidation in the $45-$46 region. The prices have found some support near the $40 level and are currently trading around the $45.36 mark.

Litecoin price analysis suggests an upwards movement to $50 The closest support level lies at $40 Litecoin faces resistance at the $45.53 mark The Litecoin price analysis shows that LTC has finally found support at the $40.00 mark, which has enabled the bulls to recover to the $44 mark. However, the bulls still.

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.

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.