IMPORTANT DISCLAIMER

LTC/USD 24.08.2017

We finally saw some movement with LTC. It was caused by news from developers on tests and activation of Lightning Network. Judging by Charlie Li Twitter account, the whitepaper and the results of LN tests will be published very soon. We’ve already seen the first reaction, a second wave can follow after a full-blown announcement.

 

Technical analysis:

  • The last peak has been tested.

  • Triangle formation is possible. Therefore, buys from support zones, probably, will not be possible.

  • Very positive news; the LN tests.

  • Bids on LTC have also gone up.
    A usual LTC bid is 1-2% a year. Right now, one can loan LTC at 11.95% a year. This is also an important trigger during growth, one can consider when building a strategy.

 

In this case, the same as with Ethereum, news will play an important role. Potential Lightning Network activation will impact the price a lot, and can even make Litecoin a leader in growth on the whole digital currency market. A very strong rally may still be possible, and strong movement that took place during Segwit activation can take place once again.

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