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Litecoin Smart Contracts DAOs Tokenized Assets and NFT’s Are Here for LTC

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The Litecoin Foundation calls itself a Singapore based non-profit that is building and supporting the Litecoin ecosystem.  They have announced the launch of ‘OmniLite.

OmniLite is a decentralized token creation platform that is being acclaimed as the ‘Ethereum Killer’, which introduces Smart Contracts, DAOs, Tokenized assets and NFT functionality onto the Litecoin Network.

Litecoin Foundation expressed:  “The Foundation is proud to announce the release of OmniLite! A decentralized platform to create tokens/assets via the Litecoin blockchain. This innovation is thanks in part to Litecoin Dev @Loshan1212.  The next stage in the evolution of #Litecoin is here.”

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At present, Currently, OmniLite supports a wallet mode (Litecoin Omni) and is available on three platforms: Windows, Linux and MacOS.

Community response:  Is this like your own version of RemixEth? Can we just drop Solidity code into it, compile, and deploy? Can we access via terminal? Can we link to MetaMask? So many questions.

Wow. Speechless. This was kept very quiet. Had no idea LTC team was working on this! Could be big for LTC. Congratulations on this great success.

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ELI5? What types of tokens could be useful on LTC chain? Omnilite, MWEB, Paypal, Venmo, Google finance, fast, low fees and whales still did not pump Litecoin.

Let’s go fellas it’s time for the Litecoin tweets. We have been patient for years. Jesus, this is huge. Not a pump comment.  This is actually freaking huge. Thank you, everyone involved in this, true pioneers.

I wonder if LTC will face a fee problem eventually? What is there to combat it?

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Each token will run into barriers to overcome. If you add enough traffic to any of these chains they will get clogged and fees will explode. It’s a scalability issue that will be worked out over time.

Great news! And of course, I would love to try it out. I was taken aback to see I had to download the full node (25GB needed) I will gladly revisit this when there is a light solution or web application for it. I am disappointed I couldn’t do so today.

LTC has smart contracts now fully working? Check OmniLite on GitHub. Yes the software is working although it is experimental.

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When metal card with a higher limit?  Thank you everyone at “The Łitecoin Foundation” for The Hard Work and Dedication! Amazing!

Finally LTC holders developing some hope to go to the moon. Hopefully LTC adoption will grow while LTC Protocol is moving forward.

When LTC chicken NFT? Very Soon. Aah okay, Litecoin being undervalued again. So I’ve just casually dragged my mouse and pulled over the Buy LTC button. +1 in my pocket.

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Litecoin price analysis: LTC hovers above $200. Is LTC consolidating?

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  • Litecoin price analysis is bearish today.
  • Support for LTC is present at $216.
  • Resistance is found at $226.8.

Litecoin is again covering the downwards range as a decrease in price is observed today. The selling pressure has triggered again, and the bears have taken over the price function. The selling activity has affected the price, and more devaluation might be ahead.

The LTC/USD is overall sustaining its value above the $200 psychological mark after going through severe damage from 15th to 18th November when the coin was rejected from $280 and plunged down at $204. However, LTC managed to stop further slippage and seems like it is in a consolidation phase before it can rally again in the next week

LTC/USD 1-day price chart: Bears ruling the charts

The 1-day Litecoin price analysis shows the price has decreased from yesterday’s price cap of 223. Today the LTC has traded in a range of $225 to $217 so far, and at the time of writing, the LTC/USD is trading hands at $219.72 exactly, but it is expected that the price will go further down, as the selling pressure is already there and after 18th November LTC is following a zigzag price pattern which looks like a consolidation pattern. LTC has lost 0.13 percent value over the last 24 hours, but it has also gained 7.82 percent value over the past week. On the other hand, trading volume has increased by 10.06 percent, and the market dominance is 0.57 percent.

Litecoin price analysis: LTC hovers above $200. Is LTC consolidating? 1
LTC/USD 1-day price chart. Source: TradingView

The volatility is also high, but the Bollinger bands show some degree of convergence, with the lower band covering more range upwards, while the upper band moves almost unchanged, hinting at the price to maintain its level on the broader spectrum and a rally upside may be observed in the coming days. The lower end of the indicator also suggests a support zone for LTC around $188 level, but on the flip side, the mean average of the indicator suggests a resistance level around $233 level for LTC.

The moving average (MA) is still below the price level at $216, but the price may step below the MA. And the relative strength index (RSI) has traveled down from the upper half to the lower half of the neutral zone; as the price stepped down to $219, the RSI has lowered to index 48.

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Litecoin price analysis: Recent developments and further technical indications

The 4-hour Litecoin price analysis shows the coin is on a downwards trend from the last 12 hours, but the major loss was observed during the last four hours. However, now the LTC seems on its way to retest the support present at $216.

Litecoin price analysis: LTC hovers above $200. Is LTC consolidating? 2
LTC/USD 4-hours price chart. Source: TradingView

The volatility on the 4-hour chart is mild, with the price trading below the upper Bollinger band. The upper band and the mean average of the indicator represent resistance and support for LTC/USD at $226 and $214, respectively. The moving average is above the price level at the $220 level now, and the selling activity seems to be slowing down now as the price oscillation is low, which hints at the entry of bullish support soon.

Litecoin price analysis conclusion

The Litecoin price analysis concludes the coin is depreciating today in its consolidation phase. The bullish support may step in soon as the downwards price oscillation has slowed down. But for LTC to rally high, it must break out above the $231 resistance level. On the flip side, if the downtrend extends and LTC break below $203, this may cancel out the bullish scenario.

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Litecoin (LTC/USD) forecast and analysis on November 26, 2021

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Cryptocurrency Litecoin (LTC/USD) is trading at 216.48. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates the presence of a bearish trend on Litecoin. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator bars.

Litecoin (LTC/USD) forecast and analysis on November 26, 2021

As part of the Litecoin course forecast, a test level of 224.50 is expected. Where can we expect an attempt to continue the fall in LTC/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 192.40. The conservative Litecoin sales area is located near the upper border of the Bollinger Bands indicator strip at 225.20.

Litecoin (LTC/USD) forecast and analysis on November 26, 2021

Cancellation of the option to continue the decline in the Litecoin rate will be a breakdown of the upper border of the Bollinger Bands indicator bars. As well as the moving average with a period of 55 and closing of quotations of the pair above the 230.50 area. This will indicate a change in the current trend in favor of the bullish for LTC/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration of the fall of the cryptocurrency.

Litecoin (LTC/USD) forecast and analysis on November 26, 2021 implies a test level of 224.50. Further, the continuation of the fall to the area below the level of 192.40 is expected. The conservative area for selling is located area of ​​225.20. Cancellation of the cryptocurrency fall option will be a breakdown of the level of 230.50. In this case, we should expect continued growth.

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Litecoin Forecast and Analysis November 25, 2021

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LTC/USD are trading at 206.75 and continue to move within the fall and the downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $14,532,540,973. Moving averages indicate a short-term bearish trend for Litecoin. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a rise in the value of a digital asset and a test of the resistance level near the 215.05 area. Where can we expect a rebound down again and the continuation of the fall in the Litecoin rate with a potential target below the level of 160.55.

Litecoin Forecast and Analysis November 25, 2021

An additional signal in favor of a fall in LTC/USD quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the ”Triangle” pattern. Cancellation of the option to drop the coin will be a strong increase in the value of the asset and a breakdown of the area of ​​250.05. This will indicate a breakdown of the resistance area and a continued rise in the cryptocurrency rate with a potential target above the level of 295.05. With the breakdown of the support area and closing of quotations below the level of 190.55, we should expect confirmation of the development of the bearish trend in Litecoin and the beginning of the development of the “Triangle” model.

Litecoin Forecast and Analysis November 25, 2021

Litecoin Forecast and Analysis November 25, 2021 implies an attempt to correct and test the resistance area near the level of 215.05. Where can we expect a rebound and continued growth in the LTC/USD price to the area below the level of 160.55. An additional signal in favor of the fall in Litecoin will be a test of the trend line on the relative strength index (RSI). Cancellation of the decline option will be a sharp rise and a breakdown of the area of ​​250.05. This will indicate a continued rise in the cryptocurrency with a target above the level of 295.05.

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