Litecoin News - AllStocks Network

Litecoin Price Technical Analysis (Nov. 26): No Signal of a Positive Breakout

Posted on November 26, 2019November 26, 2019 by Vinayak Thapar

The chart below indicates that we can see that the Litecoin (LTC)trade price is trading at $46.92, while it can also be observed to be trading within the channel. The upper limit at $47.72 is acting as resistance and the lower limit at $45.54 is acting as support. It is suggested to use strict stoploss while trading as the support level is weak. Dow Theory One of the largest digital currencies LTC is currently appearing…

Litecoin Price Technical Analysis (Oct. 24): Going Down with a Shooting Star Pattern?

Posted on October 24, 2019October 28, 2019 by Vinayak Thapar

When looking at the chart below, we can see that Litecoin (LTC)trade is currently trading at $50.07. The cryptocurrency price has broken out of the channel and broken the support of $52 and found a new support at $48 with resistance at $ $50.5. Litecoin’s price is trading around its support level and we see formation of a shooting star pattern which is bearish reversal pattern. So the price is expected to touch the support…

Sextortion Criminals Switch to Altcoins from Bitcoin to Bypass Email Security

Posted on October 15, 2019October 15, 2019 by Ravi Rd

A new version of sextortion Phishing scams is using alternative cryptocurrency wallet adresses other than Bitcoin(BTC)trade in an attempt to bypass email protections i.e. Secure Email Gateways (SEGs), according to a new report. On Tuesday, Cofense, a leading provider of human-driven phishing defense solutions, revealed that a new malicious technique has been successfully deployed, which helps scammers to bypass security layers implemented by email providers and their Secure Email Gateways (SEGs). Describing the common pattern…

Singaporean Man Stole Identities and Cloud Computing Power to Mine Cryptocurrencies

Posted on October 11, 2019October 11, 2019 by Ravi Rd

The US Justice Department has indicted a Singaporean man for impersonating various business personalities, faking the identity of video game developers and exploiting Google Cloud and Amazon Web Services (AWS) in order to mine cryptocurrencies including Bitcoin(BTC)trade, Litecoin (LTC)trade and Ethereum (ETH)trade. It is not the first time that crypto fraudsters have been impersonating various personalities and celebrities to manipulate innocent investors. However, it is the first of its kind case in which the scammer…

Popular Airport Bar in New Jersey Allows Payments in Cryptocurrency

Posted on October 2, 2019October 2, 2019 by Rehan Yousaf

Terminal One, a very popular bar in Elizabeth, New Jersey has stepped up its payment portfolio to include a cryptocurrency option that will allow customers to pay for their drinks in digital currencies. A Litecoin merchant ambassador, Jon Moore, posted a tweet in which he held out a sticker of cryptocurrencies, Bitcoin(BTC)trade and Litecoin (LTC)trade, that will be accepted at Terminal One. The bar happens to be a really popular destination for many passersby mainly…

Ex US Congressman Ron Paul to Share the Stage as Keynote Speaker at Litecoin Summit 2019

Posted on October 2, 2019October 2, 2019 by Rehan Yousaf

Ron Paul, a Former U.S. Congressman and three-time presidential candidate has been called upon to share the stage as the keynote speaker during Litecoin Summit 2019. The surprise announcement came from a tweet by the Litecoin Foundation. He was invited to the podium by Litecoin (LTC)trade creator Charlie Lee, who has in the past spoken positively about the former Congressman’s commitment to let cryptocurrency operate seamlessly in the United States. Paul is an avid advocate…

Newly Discovered InnfiRAT Malware Targets Bitcoin and Litecoin Wallets

Posted on September 22, 2019September 22, 2019 by Julie Williams

The use of malware to steal vital information is not a new concept in the world today. However, it seems that this sub-culture of malware producers are constantly sharpening their swords, making them more adapted to survive in the victim’s device. The latest on the book is one malware dubbed InnfiRAT that is specifically designed to wait in the dark and steal your cryptocurrency funds and other vital information. Discovered by the research team at…

Litecoin Price Technical Analysis (September 10): Facing Strong Resistance at $72

Posted on September 10, 2019September 10, 2019 by Vinayak Thapar

Analysis Litecoin (LTC)trade is currently trading at $71.12. The digital coin is facing resistance at $72.09 and support at $69. LTC price is expected is to trade between the channel and long position should not be taken at this price. It is suggested to wait until the price reaches the support, or breaks the resistance. Dow Theory The accumulation phase usually starts when informed investors (experienced traders and institutions) are beginning to enter their positions….

FTC Settles with Operators of Bitcoin Funding Team and My7Network Crypto MLM Schemes

Posted on August 26, 2019August 26, 2019 by Ravi Rd

The Federal Trade Commission (FTC) of the United States has recently banned the operators and promoters of a deceptive cryptocurrency multi-level marketing pyramid scheme, operating under the names ‘Bitcoin Funding Team’ and ‘My7Network.’ The FTC has obtained the order from the court in March 2018 against the four operators of the crypto Ponzi scheme and frozen their funds. The FTC finally settled the charges it filed in 2018 against an alleged crypto pyramid scheme involving…

Litecoin Price Technical Analysis (August 13): No Clear Direction Yet

Posted on August 13, 2019August 13, 2019 by Vinayak Thapar

Litecoin (LTC)trade is currently trading at $85.61. In the graph below it can be seen that the digital coin was trading between the channels but recently it has broken the lower limit of the channel, indicating a further correction. The channel’s lower limit is at $87.55, and is acting as resistance with support at $82.80. Dow Theory According to Dow Theory, the virtual coin is currently appearing in the accumulation phase after the panic phase….

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