Litecoin (LTC) Is Going Bearish As LTC Recorded The Most Significant Drop In 2018
Litecoin (LTC), the creation of the renowned Charlie Lee, is one of the most popular cryptocurrencies in the world. However, Litecoin (LTC) is going bearish as it recorded its most significant drop in 2018.
A couple of days ago, LTC started its trading day well, at $96.94. But, following the trend set by the other cryptos, Litecoin (LTC) went bearish and dropped to $81.40, that is the most significant drop LTC recorded in 2018.
Since then, the cryptocurrencies market kept on dropping and that also affected Litecoin (LTC) which declined even further, now trading at about $77, falling a little more than 8% in the last 24 hours.
Litecoin (LTC) is bearish, but this didn’t stop it from getting on FXChoice
As mentioned by FXChioce, an exchange platform which already accepted Bitcoin (BTC), Litecoin (LTC) is also allowed now. The news was positively received by the community, many LTC holders announcing their gratitude for the decision taken by FXChoice.
Also, this movement is part of the Litecoin’s struggle to increase the cryptocurrency’s adoption. To data, LTC can be traded on popular platforms including Binance, Bitfinex, HitBTC, CoinEgg, Bitbox, Kraken, and Coinbase.
Charlie Lee discussed Lightning Network in an interview at CNBC
In a recent interview Charlie Lee held on CNBC, he expressed his views on cryptocurrencies market, the blockchain, security, and Lightning Network.
The Lightning Network is employing real Bitcoin (BTC) blockchain transactions and its smart contracts scripts to generate subsidiary networks where the participants can transact high volumes at very high speeds.
When talking about Lightning Network, Charlie Lee, the founder of Litecoin (LTC), said that “technically, Bitcoin (BTC) has gotten stronger and stronger over the past few years. SegWit has activated, developers are working hard on getting Lightning Network which is the second layer solution for payments working on Bitcoin (BTC) and Litecoin (LTC).”
Ex-Google engineer, Charlie Lee is the creator of Litecoin and MD of the Litecoin Foundation. Previously Director of Engineering at Coinbase, Lee now focuses full-time on Litecoin. To enhance fungibility and privacy of LTC, integration of MimbleWimble has begun, however Lee has recently announced a crowdfunding launch to fund the development.
Coinbase is a digital currency exchange headquartered in San Francisco, California.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.