Charlie Lee Breaks Down ‘Litecoin 2.0’

The creator of Litecoin, Charlie Lee, discussed the upcoming MimbleWimble upgrade which aims at enhancing Litecoin’s scalability and privacy. Lee noted that Litecoin’s upcoming implementation will be able to scale much better than other privacy-focused protocols, like Monero or Z-Cash. “It does privacy and scare very well compared to other implementations”, he said. Talking about the risks involved, Lee pointed out “hidden inflation”, a bug commonly affecting privacy coins which allows hackers to counterfeit an infinite amount of coins. However, “The risk is manageable”, Lee noted, pointing out that the…

Litecoin Signaling Fresh Increase To $50: Here’s How It Could Refuel Bitcoin

Litecoin retreated from the $50.00 resistance and found support near $45.00 against the US Dollar. The price is currently rising and it could surge if it clears the $48.00 resistance. There is a major bullish trend line forming with support near $46.50 on the 4-hours chart of the LTC/USD pair (data feed from Kraken). Bitcoin price could also continue higher above $9,800 if LTC first clears the $48.00 resistance. Litecoin price is rising again from the $45.00 support zone against the US Dollar. LTC is likely to first break higher…

Atari Partners With Litecoin Foundation — LTC Discount for Game Consoles

On Tuesday, the Atari Group announced a partnership with the Litecoin Foundation, betting on the overlap of interests between the crypto and gaming communities. Atari has raised 74.19 Bitcoin (BTC), worth roughly $514,000, over the course of the presale stage of its initial coin offering up to now. The funds came mostly from partners. Not only will Atari accept investments in Litecoin (LTC), Bitcoin and Ether (ETH), but gamers will be able to pay for its upcoming Video Computer System, or VCS, with Litecoin and receive a discount. It will be…

Litecoin Foundation Migrates to BitGo’s Multi-Signature Wallet

The Litecoin Foundation announced that it will migrate from the multi-sig Electrum-LTC wallet to BitGo’s multi-sig wallet.  According to a May 7 post on the company’s website, the move is due to BitGo’s wallet providing “greater convenience and nearly the same level of security.” The old Electrum-LTC addresses will be available online for one month, with the new BitGo wallets addressed to be published soon. The price of Litecoin (LTC) rose 5% following the announcement, but experienced a similar downturn as Bitcoin (BTC) during the halving dump on May 9.…

Litecoin Mimblewimble Integration Sees Test Build and Codebase Progress

The lead developer on the Litecoin Mimblewimble (MW) project, David Burkett, has now built a functional testing framework and started to integrate the development work done so far into the Litecoin codebase. According to a May 1 report on the Litecointalk forums, the project to implement the MW privacy enhancements into Litecoin has reached an important milestone with the build of a test-bed. Burkett claims that he has also run some end-to-end validation tests through the framework. “I’ve built out a functional testing framework that builds valid headers, blocks, and…

Litecoin Foundation Produces Johnny Knoxville Horror Flick

The Litecoin Foundation acted as an executive producer for the heavy metal horror flick “We Summon the Darkness.” The film was produced by the Los Angeles-based film production company and Litecoin advocates Common Enemy and was released digitally on April 10. Litecoin Foundation among executive producers for comedy-horror film On April 13, the Litecoin Foundation shared the trailer for a satanic heavy metal-themed comedic horror movie for which it acted as executive producer. The foundation’s logo can be seen in the trailer’s opening credits. We Summon the Darkness stars Alexandra…

13,000 ATMs in South Korea to Support Litecoin Withdrawal and Remittances

On Feb. 28, the Litecoin Foundation announced a partnership with MeconCash to roll-out Litecoin (LTC) to Korean won withdrawals and remittances from 13,000 ATMs in South Korea. The partnership will see LTC integrated onto MeconCash’s M.Pay payments platform. Litecoin will also be accepted as payment on MeconCash’s retail platform MeconMall, and to pay for games that accept M.Pay rewards. According to CryptoCompare, 24-hour trade between Litcoin and won produced nearly $4.3 million in trade — comprising 0.82 percent of total trade at press time. Charlie Lee, the managing director of…

Litecoin Prints Array of Buying Signals, and That’s Massively Bullish for Crypto

Despite the brutal retracement the cryptocurrency market saw this week, a top analyst is getting bullish on Litecoin, citing an array of technical factors. While this may not seem relevant to many readers, as many of you may not trade or own the altcoin, LTC’s directionality could have a strong effect on the rest of the crypto asset class, Bitcoin included. Related Reading: The Simpsons Just Ran a Bitcoin Segment, and Crypto Twitter Is Raving About It Litecoin Prints Number of Strong Buying Signals The pullback in the cryptocurrency market…

Litecoin Foundation Partners With Cred to Let Holders Earn Interest

Litecoin Foundation is partnering with Cred to offer interest on Litecoin (LTC) collateral, a Feb. 10 press release announced. Cred customers can lock their coins with the provider to earn up to 10% annual percentage rate. Thanks to the strategic partnership, LTC holders will be able to lend their cryptocurrency at lucrative rates, similar to the various decentralized finance (DeFi) solutions on Ethereum. To benefit from the interest, a commitment of six months is required, with monthly interest payments in either fiat or cryptocurrency. Other Cred partners such as Bitcoin.com,…

Litecoin Closing Above This Level Could Mean 100% Surge Will Take Place

There was a time when Litecoin was trading alongside the crypto market’s foremost leaders, Bitcoin, Ethereum, and XRP. But over the past few years, since the previous market bubble, the prominent altcoin has suffered. As of the time of writing this article, LTC is now the seventh-largest cryptocurrency by market capitalization — not bad by any stretch but not as good as it has been in the past. According to a prominent Bitcoin analyst, however, Litecoin could be on the verge of gaining even more strength against its altcoin brethren,…