Litecoin [LTC]: Post MimbleWimble upgrade, will there be ‘lite' at the end of the tunnel

Following years of development and an initial announcement made in February this year, Litecoin, on 3 May announced that its major update MimbleWimble (MWEB) has been locked in for activation. Lead developer, David Burkett confirmed that the process of update will be completed over the course of 2 weeks.

Timeline of Litecoin

While ups and downs are part of a cryptocurrency's trajectory, the broader momentum is usually poised to be positive, albeit a market crash takes place. But that is not the case with Litecoin.

Litecoin major update MimbleWimble (MWEB) has been approved by a majority of the nodes and locked in for activation. This process will be completed in the next two weeks, at the height of block 2 million, or May 19th, according to David Burkett, lead MWEB developer.

TRON TRX/USD, XDC Network XDC/USD, and Litecoin LTC/USD are all solid cryptocurrencies that have showcased significant signs of growth recently. As such, we are going to go over each token individually to see how far they can grow in value.  On April 28, the XDCNFT Marketplace went live and opened, which created a lot of The post Q2 tokens of 2022 you cannot miss buying early appeared first on Invezz.

The altcoin market posted relatively high losses in the past few hours as Bitcoin saw a brief dip beneath the $38k mark, to post a low of $37.5k. This sent a ripple of fear across the market, but Bitcoin was attempting to flip $38k back to support at the time of writing.

For most of the past year, the price of Litecoin has been declining. LTC fell below $300 in November after failing to stay above that level. Since January, the coin has been testing the $100 mark. The overall sentiment in the crypto market, though, remains gloomy. Although this cryptocurrency has been hitting lower highs, which …

The interest in cryptocurrencies continues to wane in 2022, as does Litecoin's popularity. The trading volume of Litecoin was eight times lower in the first quarter of 2022 than it was in the first quarter of 2021.

Due to the bearish trend in the crypto market, the trading volume of Litecoin in the first quarter of 2022 was eight times below that of Q1 2021.  The post Litecoin (LTC) Trading Volume Crashes More Than $590 Billion in Quarterly Low appeared first on BeInCrypto.

As it appears to be, cryptocurrency investors nowadays are just looking for an opportunity to jump into the space. And, for the same reason ‘buy the dip' and stacking sats, seem to be trending every time Bitcoin's price has dropped over the last two months.

Litecoin price analysis shows a bearish market trend LTC prices have seen support at the $97.8 level Litecoin prices are down by 3.08 percent The most recent Litecoin price analysis reaffirms a strong bearish trend in the market, with the price plummeting to its lowest point after 17 December 2020. The cryptocurrency is.

Litecoin has been trading at a discount from its previous ATH just like many other cryptocurrencies. However, LTC's latest performance puts it in oversold territory especially now that it has dipped its toes below $100 once again.