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Litecoin [LTC] victim of bearish market: Lowest drop in 2018!

Simran Alphonso

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Litecoin [LTC] victim of bearish market: Lowest drop in 2018!
Source: Pixabay

Litecoin has a bunch of supporters, Charlie Lee, the creator of LTC has been the major lead. The coin was doing well until it hit the floor with the lowest drop it has faced in the past 6 months.

Litecoin's 1 day trading chart | Source: CoinMarketCap

Litecoin’s 1-day trading chart | Source: CoinMarketCap

LTC started its day with the trading price of $96.94, the coin walked along with the trails of the bearish market until it slipped, resulting to a fall to $81.40.

This is the lowest the coin has been in the past 6 months and the first ground touch fall in 2018! LTC picked up the momentum and is currently stabilizing as speculated.

Recently, Litecoin boarded an exchange called FXChoice, as mentioned in the platform’s tweet. FXChoice is a trading platform specialized in Forex and CFD trading and focuses mainly on shaping its technology.

In an interview with CNBC, Charlie Lee recently spoke about his shares views on market risks, security, and crypto-prices in general.

The Lightning Network is dependent upon the underlying technology of the blockchain. By using real Bitcoin/blockchain transactions and using its native smart-contract scripting language, it is possible to create a secure network of participants which are able to transact at high volume and high speed.



When asked about Lightning Network he said:

“What I’m most excited about is Lightning Network. Technically, Bitcoin has gotten stronger and stronger over the past few year. SegWit has activated, developers are working hard on getting Lightning Network which is the second layer solution for payments working on Bitcoin and Litecoin.”

At the time of writing, LTC is traded at the price of $83.41 with a market cap of $4.7 billion. The coin has seen a fall of 2.54% in the past 24 hours and its weekly cap runs red with a drop of 13.34%





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Simran Alphonso is a Journalist at Ambcrypto. She has a background in Financial Markets and holds expertise in Digital Marketing.

Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

Priya

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
Source: Unsplash

Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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