Why Litecoin will continue to grow even in a bear market? The experts
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After the end of last week, the stock market still teetering on the fine line — the absence of volatility again went on for quite a long time. Although the situation with the trade pair does not look optimistic, many analysts are betting on the growth of this coin. Apparently, one of the triggers bullrun can serve as integration of a confidential transaction in Litecoin.
thePrepare for takeoff
Litecoin can jump one of the first — in what experts believe. This morning, the coin was trading at 33 dollars, over the past day its value dipped by 3.5 percent. Trader under the name DonAlt noted that the schedule of cryptocurrency looks positive from the point of view of technical analysis.
Left to break another resistance and the road to heaven will open. I am rarely so inclined to the bulls, but if the chart looks so good right at the resistance line, there is no other way.
There she goes.
One more resistance to break and then the sky will be clear.
I'm rarely ultra bullish at resistance but when the chart looks that nice it's the way to go.— DonAlt (@CryptoDonAlt)
The same view is shared by the Moon Overlord. The analyst expects growth of Litecoin above $ 50 is 47 percent more than now.
Waiting for Litecoin at $ 50 on the big timeframe.
Targeting around $50 for on high TFs
— Moon Overlord (@MoonOverlord)
Finally, a good push up can serve as integration of anonymous transactions, which recently wrote to the Creator of LTC Charlie Lee.
Substitutability is the only feature, which lacks a Bitcoin and Lidoine. After resolving the issues with scalability we are still facing another «battlefield» where we fight for privacy. Now I'm completely focused on turning coins into Litecoin interchangeable with confidential transactions.
Fungibility is the only property of sound money that is missing from Bitcoin & Litecoin. Now that the scaling debate is behind us, the next battleground will be on fungibility and privacy.
I am now focused on making Litecoin more fungible by adding Confidential Transactions.
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