LTC

[Marko Jovicic]

What is the latest concerning the Litecoin project? Where do you see the LTC price trading in the near future?

[Brundle Mark]

Hi Marko, thanks for the question.

Litecoin was in the focus of the media in the past few days after the Litecoin Foundation entered into a partnership with the video game-maker Atari to offer an approved payment method for investors who plan to buy Atari Token. 

Litecoin will be used for the Atari’s long-awaited VCS game console, meaning that people who buy the console using LTC will get a discount. 

“We are pleased to have Litecoin as a means of payment for the Atari Token Sales. Litecoin’s ease-of-use and low transaction costs make it a perfect fit for use alongside the Atari Token and other projects,” Atari’s Chief Executive, Fred Chesnais said.

As far as the LTC price is concerned, the coin printed a 15-month low at $25.00 in March. Since the price action has been trading mostly sideways to create a symmetrical triangle. 

As the two trend lines have now almost converged, we may expect a strong move in one of the two sides very soon. Hence, much depends on the direction of the next move. If higher, watch out for the area $49 – $51, while the zone between $38 and $39 is likely to provide support.

 

[Richard736]

I think that one of the most exciting development is the implementation of the Mimblewimble protocol, which will improve the privacy and fungibility of Litecoin transactions. Additionally, there have been talks of integrating smart contract functionality through the Flare Network.
However, with the ongoing development and integration of new technologies, as well as increasing adoption and acceptance by merchants and consumers, I am optimistic about the potential for growth in the near future. Keep an eye out for any updates on the litechain and market trends, and always do your own research before investing.

[Manragorn]

As for 2023, I think the Litecoin price will be something like $200, not less