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Litecoin’s Charlie Lee Mocks Roger Ver with Romantic Relationship Between BTC and BCH

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Recently, a widespread Twitter handle of Bitcoin (@Bitcoin) which is recognized for its ardent support of BCH, turned its way as it seems to be supporting BTC instead.

Although BCH is a fork of Bitcoin, the crypto community often see the clashes between Bitcoin (BTC) and Bitcoin Cash (BCH). Litecoin CEO, Charlie Lee recently mentioned Roger Ver (the founder of Bitcoin.com), and mocked with the romantic relationship and break up between Bitcoin and Bitcoin Cash.

Who Handles @Bitcoin Twitter Account?

Bitcoin Cash (BCH) was created as a hard fork of Bitcoin in 2017 and Roger Ver, who is also known as the Bitcoin Jesus and manages “Bitcoin.com” a crypto news media publication often seen promoting BCH and its use-cases. However, very recently, a widespread Twitter handle of Bitcoin (@Bitcoin) which is recognized for its ardent support of BCH, now turned its way as it seems to be supporting BTC instead.

Overnight, Crypto Twitter observes a various modification in the Twitter feed of @Bitcoin account. The old Bitcoin comprised various updates about bitcoin Cash including the bio, whereas the new Twitter feed of Bitcoin is more about only Bitcoin, even the bio and the website link is modified from bitcoin.com/bitcoin.pdfto Bitcoin.org/bitcoin.pdf.

Why is @Bitcoin Supporting BTC and Deleted Pro-BCH Tweets?

While nobody knows what exactly had happened, Charlie Lee, the creator of Litecoin trolls it saying,

I think the owner of @Bitcoin must have had a romantic relationship with Roger Ver and recently broke up with Roger.”

He suspects this could be the reason why @bitcoin stopped supporting BCH.

There’s no firm proof on who handles or manages this controversial @Bitcoin Twitter account. However, during April 2018, Roger ver made a strong statement stating that “he had never owned the Bitcoin account.”

His tweet of 2018 declaring his stance about the owner of @Bitcoin seems he knows the real person who manages this account, community suspect Jack Dorsey (Founder of Twitter) as the owner of Bitcoin.

Echoing a similar concern, Alistaire Milne relates Roger with Jack citing Jack’s investment in Lightning Labs and said;

Moreover, a Twitter account, Bitcoin AI #2357 previously stated;

“So, he either must know what happened with the account or there was a fallout between them. Yet he doesn’t reveal any information and lets his employees run rampant on r/BTC with conspiracy theories instead.”

Having said that, nothing seems specific, but Crypto Twitter is just fun with tweets like Charlie Lee, who is poking fun at the matter. Moreover, @Bitcoin Twitter handles began sharing a short video clip of unfollowing the crypto champions including Roger Ver.

Besides, on Reddit, the community asked Roger what BCH community should do to save @Bitcoin, Ver abruptly replied: “Don’t know.”

Besides, on Reddit, the community asked Roger what BCH community should do to save @Bitcoin, Ver abruptly replied: “Don’t know.”

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Litecoin (LTC/USD) forecast and analysis on September 18, 2019

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Cryptocurrency Litecoin (LTC/USD) is trading at 72.52. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bullish trend on Litecoin. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator stripes.

Litecoin (LTC/USD) forecast and analysis on September 18, 2019

As part of the Litecoin exchange rate forecast, a test of the level of 71.80 is expected. Where should we expect an attempt to continue the growth of LTC/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 77.20. The conservative Litecoin buying area is located near the lower border of the Bollinger Bands indicator strip at 68.00.

Litecoin (LTC/USD) forecast and analysis on September 18, 2019

Cancellation of the option to continue the growth of the Litecoin exchange rate will be a breakdown of the lower boundary of the Bollinger Bands indicator strip. As well as the moving average with a period of 55 and the closing of quotations of the pair below the area of ​​66.50. This will indicate a change in the current trend in favor of the bearish for LTC/USD. In case of breakdown of the upper border of the Bollinger Bands indicator bands, we should expect acceleration of the cryptocurrency fall.

Litecoin (LTC/USD) forecast and analysis on September 18, 2019 implies a test level of 71.80. Further growth is expected to continue to the area above the level of 77.20. The conservative area for buying Litecoin is located area of 68.00. The cancellation of the cryptocurrency growth option will be the breakdown of the level of 66.50. In this case, we should expect the continuation of the fall.

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Litecoin Project Developers Plan To Add Mimblewimble Support To Its Network

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Charlie Lee, founder and executive director of the Litecoin Foundation, announced yesterday that the Litecoin project intended to add MimbleWimble support to its network, and would associate with David Burkett, a major Grin ++ developer for this purpose. Earlier in the last month, Lee had stated that Litecoin developers were interested in the implementation of Mimblewimble and that they are working to develop it further. A Grin developer had also joined the Litecoin project team to work on the implementation. This announcement comes a month later on Twitter clearing the air about the progress of the project, which was initially developing at a snail’s pace.

This was one of the primary reasons why Burkett was added to the team, that is for speedy development of the project. It is believed that he voluntarily and actively decided to offer his services after the slow progress of the project was talked about. In his words,

I’m just a crypto-anarchist who happens to spend his spare time developing o alternate node and wallet for Grin. My ultimate goal is financial privacy for everyone, and I would love nothing more than to see Mimblewimble on Bitcoin itself. Getting MW added to Litecoin seemed like the obvious next step.

Mimblewimble is a protocol change (does not use Bitcoin’s original “open-sourced protocol”, with its underlying codes altered) that allows “confidential transactions” and “non-interactive coin joints”, and thus, provides a number of added benefits. Confidential transactions primarily imply that the transaction values of customers who would use MW on Litecoin would be concealed and would be difficult to track by third parties as they would be mixed among other participants on the network. Thus this would also render the tracing of and logging the activity of these users arduous. Grin ++ is a variant of Mimblewimble’s original protocol Grin, with a greater focus on “speed, reliability, security, modularity, and scalability alongside the main upstream branch”.

Lee had also asserted that Mimblewimble would not replace the original or base protocol but possibly would be added as an extension block akin to a sidechain. However, in this case, it would be attached to the main chain and miners would have to mine the main chain as well as the extension block at the same time. If the soft fork (variant) follows this and is activated, the miner will have to mine both the main and extension blocks or else an invalid block would be created. He also said, brushing aside common contentions that implementation of Mimblewimble would harm Litecoin’s adoption, that the general response to Mimblewimble was far from negative as “people really like fungibility and privacy”. 

Albeit all skepticism that this implementation might have an adverse impact on the cryptocurrency’s potential adoption (as Litecoin might be delisted by crypto exchanges), Lee has offered a donation of 1.5 Bitcoin to the security audit of Grin ++ as a token of support to all the developers behind Mimblewimble as well as in exchange of Burkett’s contribution in particular to the protocol.

Source.cryptonewsz.

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Litecoin Exhibits 4% Hike in the Intraday Trading

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Litecoin price is hooked with an uptrend from the past few days. However, intraday traders might experience a mixed day altogether. There is also a possibility for LTC to close the day with a negative number too. Still, the currency is giving positive indications of having a great future. The traders interested in LTC should dig-in without any second thought as it wouldn’t go futile.

Litecoin Price Analysis

Yesterday, LTC started the day with an upside movement. Litecoin price escalated by 2.32% and counters switched from $70.326 to $71.958. The price started slipping since then and touched a low at $69.719. Further, LTC price picked up and reached $71.054 by 1.90%. The hike continued the march and went up to $74.011 by 4.16%. The day closed above $73 with an intraday progression of 4.14%. Today, the currency might be seen dealing around the same level. The day started at $73 and is now trading at $72.610.

LTC to USD Price Chart

The data feed is gathered from Biftinex on September 17, 2019, at 04:07:45 UTC.

Litecoin Price
Litecoin Chart By TradingView

The statistics of Litecoin tells us that the Market Cap is at $4,591,286,038. The 24-hour volume stands at $2,567,795,413. The ROI is noted at 1587.61%. The data seems less impressive for now, but the currency could have a great future ahead. There are speculations that Litecoin will prove to be the biggest competitor of Bitcoin (BTC) in the coming years.

Litecoin is anticipated to cross its 30-Day high value of $78.51 by the year-end. Litecoin would go best with long-term traders. The specified time frame would bring a colossal profit to them.

Source.cryptonewsz

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