Cryptocurrency Litecoin (LTC/USD) is trading at 53.31. 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 indica
Litecoin (LTC/USD) forecast and analysis on January 15, 2020
As part of the Litecoin course forecast, a test of the level of 51.80 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 58.20. The conservative Litecoin buying area is located near the lower border of the Bollinger Bands indicator strip at 48.00.
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 46.50. 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 an acceleration in the fall of cryptocurrency.
Litecoin (LTC/USD) forecast and analysis on January 15, 2020 implies a test level of 51.80. Further, growth is expected to continue to the area above the level of 58.20. The conservative buying area is located is near the area of 48.00. The cancellation of the cryptocurrency growth option will be the breakdown of the level of 46.50. In this case, we should expect continued fall.
Litecoin (LTC/USD) forecast on January 27 — February 2, 2020
Cryptocurrency Litecoin (LTC/USD) is trading at 53.48. 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 strip.
Litecoin (LTC/USD) forecast on January 27 — February 2, 2020
As part of the Litecoin exchange rate forecast, a test of the level of 50.00 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 71.50. The conservative Litecoin buying area is located near the lower border of the Bollinger Bands indicator strip at 44.80.
Litecoin (LTC/USD) forecast on January 27 — February 2, 2020implies a test level of50.00. Further, growth is expected to continue to the area above the level of 71.50. The conservative buying area is located is near the area of 44.80. The cancellation of the cryptocurrency growth option will be the breakdown of the level of 42.50. In this case, we should expect continued fall.
News Today – Top Headline for Litecoin LTC, January 26, 2020
- Litecoin creator proposes that LTC miners donate 1% for development.
- The proposed solution would provide adequate funding for Litecoin.
- Charlie Lee also flirted with the idea of miners selecting which projects to fund.
Litecoin news today – Litecoin owner has issued a new proposal regarding how to fund the Blockchain network. For the Litecoin news update, Charlie Lee has proposed pool donations. He has presented this suggestion as a new funding method for crypto development on the network. According to the Litecoin founder, miners on the network should donate a percentage of their block rewards voluntarily. From the Litecoin latest update, Lee insisted that miners donate 1% of their block rewards voluntarily consistently. He believes that this will ensure that the network is adequately funded permanently.
1% of Block Rewards is 7x the Expenditure of Litecoin Annually
Litecoin news – according to Lee:
“With the current Litecoin price, 1% of block rewards are 7x Litecoin’s yearly expenses. Even if it is only a small percentage of miners that can donate, the foundation would have enough funds to assist developers who are working on Litecoin Core, LiteWallet, LN wallet, and Mimble Wimble. It will also be used to facilitate the yearly Litecoin Summit and the adoption of Litecoin.”
Lee also confirmed that the
Litecoin (LTC) Price Today – LTC / USD
Lee’s 1% donation proposal comes after Roger Ver and Jihan Wu, both proponents of Bitcoin Cash, proposed an “infrastructure funding plan. The plan requires miners to pay up to 12.5% of their block rewards.
Miner’s Can Choose Which LTC Projects Their Funds go to
In other reports, recall that responding to the 51% attack concerns, the project, Dogecoin in 2014, merged its mining with Litecoin. This enabled the simultaneous mining of both assets. Notably, the joint mining impacts Lee’s mining pool donation proposal. Finally, Lee toyed with the concept of miners choosing which LTC projects their funds will go to, asking the LTC community for their opinion on his proposal in general. Lee added:
“It’s crucial that miners choose to support any Litecoin organizations they wish. Miners should donate any of the LTC organizations that wish to help.”
Litecoin Founder Proposes New “Donation” By Miners, An Upgrade on Bitcoin Cash [BCH] 12.5% Tax Proposal?
- Litecoin (LTC) founder, Charlie Lee suggests a 1% “development fund” donation fee from miners.
- This follows the latest Bitcoin Cash (BCH) announcement to charge a 12.5% miners fee to fund development.
- Is the latest proposal by Charlie Lee an upgrade on the BCH proposal?
The founder of the seventh-largest cryptocurrency, Litecoin (LTC) – Charlie Lee – tweeted out a proposal in the late hours on Friday asking the community to push forward a 1% fee on the miners to fund the development of the blockchain in the long term.
According to his proposal, the miners will voluntarily donate a portion of their block rewards to fund the development of the Litecoin. He wrote on Twitter,
“How about Litecoin pools donate 1% (0.125 LTC) of block rewards to the @LTCFoundation? If every miner/pool does this, it amounts to about $1.5MM donation per year!”
With a number of pools mining a variety of cryptos using Scrypt language, which gives them an extra 5% earning from other coins. Using this extra amount, Lee suggests a voluntary donation from the miners on only 1% of the extra amount to ensure the long term development of blockchain.
So where will the amount collected by the miners be stored?Advertisement
Well according to Lee, that is a decision to be made by the community with a number of foundations and organizations working on the project at the moment including the Litecoin Foundation.
The community however remains skeptical on the need for the funds to be donated to these organizations and how the LTC collected will be used for development. However, a bigger blockchain in Bitcoin Cash is killing the
In the past two days, the Bitcoin Cash community also announced upcoming changes to its protocol, expected in May. The “controversial” 12.5% tax, implemented by four of the top miners on BCH however heavily differs from Lee proposal, with a
How is Lee’s proposal an upgrade on BCH controversial tax?
1. Decentralization reigns supreme
One of the biggest differences between the two proposals lies in the decentralized nature Lee has taken in comparison to a takeover by BCH top miners. While LTC development fund is proposed to be a donation on excess income earned by miners, the BCH protocol change threatens to opharn any block that will not take up the new taxing system. The latter sounds very much like a centralized government with prisons for those who don’t tow the line.
2. Transparent and genuine
Charlie also proposes a transparent way to select the companies that will receive the donations (who have been working on the Litecoin project too.) In contrast, BCH has been heavily criticized for selecting one “unnamed” company in Hong Kong to be in charge of the funds and development of the Bitcoin Cash (BCH).
If Litecoin is to take up the proposal, it surely will be a more transparent and decentralized way than the controversial mess currently being witnessed on BCH.