Litecoin News and Price Overview: LTC Drops to $60. Friday, August 10
Litecoin with the dip of the week dropped to its lowest value in the year. The recent statement by SEC that the decision for ETF has been postponed was reportedly not responsible for the losses in the coin market.
Important Litecoin News
Litecoin Twitter Handle Introduces Two New Games
Cryptomonster and Coindroid are two new games that could be played with litecoin. This revelation was made in a tweet by one of its fan handles, and was retweeted by official Twitter handle of Charlie Lee, the Litecoin CEO. The tweet said:
“Here’s another really cool #Litecoin based game called @Coindroids where you pay to attack robots. If you destroy them, you get their bounties! Each $LTC block is considered a “round” where you can attack, defend, or take cover.”
Litecoin Explains How Decentralized Apps Are Built On the Litecoin Blockchain
Can dApps be built on-chain using the Litecoin network? This is the question asked by a Twitter user who got this response regarding how dApps are built using the Litecoin blockchain:
If you want to do it the way ETH does it, you can use RSK when it comes onto LTC. But you can easily build something for LTC without it!”
Litecoin Dips to $60 with Correction Imminent
Litecoin extended its descent than envisaged when it tested the $60 mark although the coin is undergoing a slight correction presently trading at $63.97, just below the resistant point of $64. The coin has in the last 48 hours declined from $70 with the prospect of falling to the $60 support level but made it to $61.06 before correcting higher.
With resistance $64, a short term breakout formed on the hourly chart that could see the coin test the next resistance at $68, but that depends on the weakening of the bears at that point.
LTC/USD Price Chart, Friday August 10th:
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