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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

Why Litecoin May Soon Post Major Gains Despite Current Bearishnes

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Litecoin (LTC) has been facing an ongoing influx of selling pressure ever since its mining rewards halving that occurred this past-summer, which sparked a deep-cutting sell-off in spite of the fact that many investors and analysts had believed it to be a bullish event.

In the near-term, analysts are noting that they anticipate the cryptocurrency to see further upwards momentum, especially against LTC’s Bitcoin trading pair.

Litecoin May Be Positioned for Upwards Momentum in Coming Months

At the time of writing, Litecoin is trading down just under 2% at its current price of $60.80, which marks a notable drop from LTC’s daily highs of $63.00 that were set yesterday.

LTC’s bearish price action as of late has largely been influenced by that of Bitcoin, which has been struggling to gain any upwards momentum as it trades just a hair above its key near-term support level at $8,700.

Litecoin’s current bearishness, however, may be short-lived, as analysts are noting that the cryptocurrency may be positioned for further gains in the near-term as it recently broke above the upper boundary of a descending triangle that it had been trading in for multiple months.

The Crypto Dog, a popular cryptocurrency analyst on Twitter, spoke about this in a recent tweet, saying:

“I haven’t looked at the $LTC chart in months, just opened to this. Wow,” he said earlier this month while pointing to the chart seen below.

Will LTC’s Bitcoin Trading Pair Skyrocket in Coming Few Months?

The Crypto Dog is not alone in offering a bullish assessment of the cryptocurrency, as DonAlt – another well respected cryptocurrency analyst – offered a similarly bullish LTC analysis in a recent tweet, telling his 123k followers that altcoins like Litecoin are looking better positioned for near-term gains than BTC is.

$LTC: While the world is panicking looking at BTC the altcoins are looking better and better. ‘But what if BTC moves and [messes] it up?’ Well tough luck, that’s why we’ve got risk limits. There is no money in covering in fear at support,” he said while pointing to the chart seen below, which elucidates that he anticipates LTC to climb against BTC in the coming few months.

Although Bitcoin is currently showing some bearish signs, it is important to keep in mind that further BTC downside could prove to be a bullish thing for embattled altcoins like LTC. Source:newsbtc

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Litecoin (LTC/USD) forecast and analysis on November 13, 2019

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Cryptocurrency Litecoin (LTC/USD) is trading at 62.00. 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 middle border of the Bollinger Bands indicator stripes.

Litecoin (LTC/USD) forecast and analysis on November 13, 2019

As part of the Litecoin course forecast, a test of the level of 61.20 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 66.50. The conservative Litecoin buying area is located near the lower border of the Bollinger Bands indicator strip at 60.00.

Litecoin (LTC/USD) forecast and analysis on November 13, 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 closing of quotations of the pair below the area of ​​58.20. 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 an acceleration in the fall of cryptocurrency.

Litecoin (LTC/USD) forecast and analysis on November 13, 2019 implies a test level of 61.20. Further growth is expected to continue to the area above the level of 66.50. The conservative area for buying Litecoin is located area of 60.00. The cancellation of the cryptocurrency growth option will be the breakdown of the level of 58.20. In this case, we should expect the continuation of the fall.

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Litecoin technical analysis: LTC/USD inclines towards the beckoning $50 level

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  • Litecoin is trading above a long-term descending trendline resistance but $70 hurdle remains unconquered.
  • LYC/USD continues to battle bearish pressure in a bid to stay above $60.

Spot rate: $60.98

Relative change: -0.3774

Percentage change: -0.61%

Trend: Bearish

Volatility: Expanding

LTC/USD daily chart

The formation of a rising wedge pattern means that a breakdown towards $50 is in the offing.

The zone between $46 – $50 remains the key support area able to defend against acute selling pressure.

LTC/USD 4-hour chart

LTC/USD slides under the ascending trendline support but bulls manage to defend $60.00 short-term support.

The MACD shows that the bears are gaining traction with a short term target at $58.

LTC/USD 1-hour chart

The short term trendline support has been tested twice and has the potential to defend $60 support.

The MACD’s bullish cross suggests that bulls are gaining traction in the near-term.

LTC/USD

OVERVIEW
Today last price61.0221
Today Daily Change-0.3361
Today Daily Change %-0.55
Today daily open61.3582
TRENDS
Daily SMA2059.6387
Daily SMA5057.3559
Daily SMA10066.1416
Daily SMA20085.2653
LEVELS
Previous Daily High62.2381
Previous Daily Low59.6721
Previous Weekly High64.3264
Previous Weekly Low57.3543
Previous Monthly High64.1049
Previous Monthly Low47.2078
Daily Fibonacci 38.2%60.6523
Daily Fibonacci 61.8%61.2579
Daily Pivot Point S159.9408
Daily Pivot Point S258.5234
Daily Pivot Point S357.3748
Daily Pivot Point R162.5068
Daily Pivot Point R263.6555
Daily Pivot Point R365.0729

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