Monero News And Price Analysis: Monero XMR Launches Monerujo Wallet Update. Sunday, August 12
Important Monero News
Monero XMR Launches Monerujo Wallet Update
Monerujo, the Monero app has announced that its latest update is compatible with the Ledger Nano S wallet. The release was made via a tweet on the apps official handle in which was written:
“You can use your @LedgerHQ Nano S wallet with the latest Monerujo 1.6.3! Available now on Googleplay, F-droid and GitHub”
The open source mobile app has the advantage of synchronizing with remote nodes while keeping personal information of the user safely within the mobile device.
The app has had major improvements such as language selection which includes Greek, Hungarian, Romanian, Russian and Swedish. It has had minor bug fixes also. It supports Ledger Nano S over OTG and has NFC support for receive and Send.
The tweed garnered comments and reactions such as this one from Vespco, “The idea that I can plug my Nano S into my phone, scan a payment QR code, and make a transaction from Monerujo that is shared to the monero network by sending to a remote node on the tor network, to protect my privacy, sounds really cool.”
Monero Price Movement Shows Consolidation As Bears Weaken
Monero is down by 8.52 percent in a week that has seen the coin move slightly to the oversold region. Interestingly, the southward movement has weakened from technical analysis. Presently selling at $89.62, the coin is about consolidating.
The formation of bullish railway track at this point is a sign or reversal of trend which could move the price to the next resistance level located at $114. There are indications that the bullish trend will gain momentum will be favored in the long run.
Loss of momentum by the bears at $119 returns the bulls to the market. The large engulfing candles exiting the tracks is the confirmation of this.
XMR/USD Price Chart, Sunday August 12th:
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