• Latest
  • Trending
Litecoin [LTC]: Post MimbleWimble upgrade, will there be ‘lite’ at the end of the tunnel

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

May 8, 2022
China Can’t Seem to Stop Bitcoin Mining

China Can’t Seem to Stop Bitcoin Mining

May 22, 2022
Know Why Experts Choose Logarithmic Finance, Chainlink And Stellar

Know Why Experts Choose Logarithmic Finance, Chainlink And Stellar

May 22, 2022
Agriculture and Food Blockchain Market is Expected to Reach US$ 43.33 Bn by the End of 2031-IBM (United States), TE-FOOD International GmbH (Europe), Microsoft (United States), ACR-NET (Ireland), Ambrosus (Switzerland), SAP SE (Germany), OriginTrail

Agriculture and Food Blockchain Market is Expected to Reach US$ 43.33 Bn by the End of 2031-IBM (United States), TE-FOOD International GmbH (Europe), Microsoft (United States), ACR-NET (Ireland), Ambrosus (Switzerland), SAP SE (Germany), OriginTrail

May 22, 2022
Cryptocurrency Is ‘Worthless,’ European Central Bank President Says

Cryptocurrency Is ‘Worthless,’ European Central Bank President Says

May 22, 2022
Bitcoin: The Return To Reality (BTC-USD)

Coinbase stock slides as bitcoin, dogecoin continue to decline (NASDAQ:COIN)

May 22, 2022
Delphi Labs Wants to Shut Down DeFi Protocol Mars After TVL Tumbles 99% to $2.6M

Delphi Labs Wants to Shut Down DeFi Protocol Mars After TVL Tumbles 99% to $2.6M

May 22, 2022
Crypto Crash Saga: Ethereum Co-founder Buterin Says He’s Not A Billionaire Anymore

Crypto Crash Saga: Ethereum Co-founder Buterin Says He’s Not A Billionaire Anymore

May 22, 2022
Now You Can Pay In Crypto And Buy A Tag Heuer Watch Online

Now You Can Pay In Crypto And Buy A Tag Heuer Watch Online

May 22, 2022
What’s a Web3 Project Really Worth? Here’s How to Tell.

What’s a Web3 Project Really Worth? Here’s How to Tell.

May 22, 2022
6 Questions for Sonali Giovino of Defiyield – Cointelegraph Magazine

6 Questions for Sonali Giovino of Defiyield – Cointelegraph Magazine

May 22, 2022
If We Get 1%, The Lowest XRP Can Be Is $664 [100% FACTS]

If We Get 1%, The Lowest XRP Can Be Is $664 [100% FACTS]

May 22, 2022
‘No Price Target’—Major Bitcoin Investor Issues Huge Crypto Prediction As Ethereum, BNB, XRP, Solana, Cardano, Dogecoin, Avalanche And Polkadot Swing

‘No Price Target’—Major Bitcoin Investor Issues Huge Crypto Prediction As Ethereum, BNB, XRP, Solana, Cardano, Dogecoin, Avalanche And Polkadot Swing

May 22, 2022
Sunday, May 22, 2022
CRYPTO IDEA
SHOP
No Result
View All Result
  • Home
  • Bitcoin
  • Cryptocurrency
  • Blockchain
  • Ethereum
  • Altcoin
  • Litecoin
  • Dogecoin
  • Chainlink
  • DeFi
  • XRP
  • ICO
  • Daily Post
  • Regulation
  • Videos
  • SHOP
CRYPTO IDEA
No Result
View All Result

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

by -crpto
May 8, 2022
in Litecoin
0


Following years of growth and an preliminary announcement made in February this 12 months, Litecoin, on 3 Might announced that its main replace MimbleWimble (MWEB) has been locked in for activation. Lead developer, David Burkett confirmed that the method of replace might be accomplished over the course of two weeks.

The MimbleWimble improve is anticipated to reinforce the person expertise by offering customers the choice to make confidential transactions on the Litecoin Community.

After recording a complete depreciation of twenty-two% over the previous month and over 70% in a 12 months, how did the LTC coin react to the information of this improve?

No vital Response

Standing at $94 on the time of press, the information MimbleWimble of the improve appeared to not have had any vital influence on the worth of the LTC coin. Following a excessive of $106 recorded on 5 Might, a retracement occurred pushing the coin again to the $100 area it maintained earlier than the announcement. Within the final 24 hours, the coin declined by 2%.

The dearth of enthusiasm of buyers was additionally gleaned from the place of the RSI. For the reason that announcement, the RSI maintained a place beneath the 50 impartial area and continued to inch nearer to the oversold place. Regardless of the information of the improve, it appeared that buyers are exiting their positions to take revenue.

Worth actions additionally pointed at a bullish bias with the 50 EMA above worth because the starting of the month and remained there regardless of the information of the improve.

Supply: TradingView

Worthy of Observe

Although no vital traction was made on the worth entrance for the coin, on-chain evaluation of some metrics revealed that the LTC coin recorded some development. Following the information of the improve, the buying and selling quantity of the coin rallied up by 41% 24 hours after the announcement. This is a sign of elevated buying and selling following the announcement albeit with little or no influence on worth.

YOU MAY ALSO LIKE

Now You Can Pay In Crypto And Buy A Tag Heuer Watch Online

Ripple(XRP), Logarithmic Finance (LOG) And Litecoin (LTE)

Supply: Santiment

Equally, standing at 1.93 on the time of press, the information of the improve pushed the Improvement Exercise to tackle an uptrend.

Supply: Santiment

However Nonetheless…

In a social context, the information of the improve bestowed no “recognition” upon the LTC token. Standing at 0.325% on the time of writing, the Social Dominance surprisingly took on a downtrend following the announcement of the improve. Equally, the Social Quantity additionally declined steadily following the announcement of the improve.

Supply: Santiment

Even the whales weren’t impressed with the information of the improve. For whale transactions better than $100k, no rapid spike was famous following the information. Nevertheless, on Might 6, a 51% increment in whale exercise was noticed.

Equally, the depend for whale transactions better than $1m, noticed no traction following the information of the improve. Unusually, standing at 74 on the time of press with no corresponding bullish actions on the worth charts, it appeared the whales are closely distributing.

Supply: Santiment





Source link

Tags: LiteLitecoinLTCMimbleWimblePosttunnelUpgrade
ShareTweetPin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

China Can’t Seem to Stop Bitcoin Mining

China Can’t Seem to Stop Bitcoin Mining

May 22, 2022
Know Why Experts Choose Logarithmic Finance, Chainlink And Stellar

Know Why Experts Choose Logarithmic Finance, Chainlink And Stellar

May 22, 2022
Agriculture and Food Blockchain Market is Expected to Reach US$ 43.33 Bn by the End of 2031-IBM (United States), TE-FOOD International GmbH (Europe), Microsoft (United States), ACR-NET (Ireland), Ambrosus (Switzerland), SAP SE (Germany), OriginTrail

Agriculture and Food Blockchain Market is Expected to Reach US$ 43.33 Bn by the End of 2031-IBM (United States), TE-FOOD International GmbH (Europe), Microsoft (United States), ACR-NET (Ireland), Ambrosus (Switzerland), SAP SE (Germany), OriginTrail

May 22, 2022

Recent News

China Can’t Seem to Stop Bitcoin Mining

China Can’t Seem to Stop Bitcoin Mining

May 22, 2022
Know Why Experts Choose Logarithmic Finance, Chainlink And Stellar

Know Why Experts Choose Logarithmic Finance, Chainlink And Stellar

May 22, 2022
Agriculture and Food Blockchain Market is Expected to Reach US$ 43.33 Bn by the End of 2031-IBM (United States), TE-FOOD International GmbH (Europe), Microsoft (United States), ACR-NET (Ireland), Ambrosus (Switzerland), SAP SE (Germany), OriginTrail

Agriculture and Food Blockchain Market is Expected to Reach US$ 43.33 Bn by the End of 2031-IBM (United States), TE-FOOD International GmbH (Europe), Microsoft (United States), ACR-NET (Ireland), Ambrosus (Switzerland), SAP SE (Germany), OriginTrail

May 22, 2022

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Chainlink
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • ICO
  • Litecoin
  • Regulation
  • Videos
  • XRP

Follow Us

Calculator

 
  • Privacy & Policy
  • About Us

© 2021 Crypto Idea  

No Result
View All Result
  • Home
  • Bitcoin
  • Cryptocurrency
  • Blockchain
  • Ethereum
  • Altcoin
  • Litecoin
  • Dogecoin
  • Chainlink
  • DeFi
  • XRP
  • ICO
  • Daily Post
  • Regulation
  • Videos
  • SHOP

© 2021 Crypto Idea