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Litecoin price dips 4%, threatens to break multi-week range

By: Invezz

Litecoin (LTC) is trading nearly 3.5% lower on the day as the crypto market slides lower on fears that a major COVID-19 outbreak isn’t over. Separately, Litecoin devs continue their work on a Litecoin 2.0 upgrade. Fundamental analysis: Litecoin 2.0 aims to improve scalability Charlie Lee, Litecoin’s creator, said that the 2.0 upgrade is designed to improve the cryptocurrency’s scalability and privacy. The upcoming upgrade, named MimbleWimble, will make Litecoin significantly more scalable than other similar protocols such as Monero and Z-Cash.  “It does privacy and scare very well compared to other implementations”, he said. Lee also made comments on

The post Litecoin price dips 4%, threatens to break multi-week range appeared first on Invezz.

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