- LTC/USD has gained 1% in recent 24 hours amid sentiments improvement.
- Charlie Lee announces the roadmap for Litecoin.
LTC/USD hit $30.15 low on Tuesday and recovered to $30.98 by the time of writing. The 7th largest digital asset with a market value of $1.8B has gained about 1.4% in recent 24 hours; however, the upside momentum is fading away on approach to strong technical barriers.
The next stage of Litecon development will be focused on privacy. Litecoin’s founder Charlie Lee shared his views for the coins development in his Twitter account.
“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,” he said. “I am now focused on making Litecoin more fungible by adding Confidential Transactions.”
He also noted that interoperability is a crucial feature of a stable coin; now that the debates and discussions about scalability are over, interoperability and privacy issues will come to the fore.
Litecoin’s creator plans to implement a series of improvements during 2019.
Litecoin’s technical picture
Litecon got a boost late on Tuesday; however, the upside is capped by $31.80-$32.00 area, which encompasses both SMA50 and SMA100 (4-hour). Once this barrier is cleared, new speculative buyers may pop in and push the price towards $32.74 (SMA200, 4-hour) and $33.90 ( the recent high).
LTC/USD holds marginally below $31.00 handle. If the breakthrough is confirmed, the sell-off may be extended towards $30.19 and $30.00.
LTC/USD, 4-hour chart
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