- A strong rally from the bulls over the last two days has seen LTC/USD make a strong and positive mood in the market.
- Technical analysis confirms the overall bullish trend and the market looks to break past resistance at $33.50.
LTC/USD price made strong moves this Wednesday based on market speculation. The bulls have taken over for as LTC/USD is eyeing to break down the resistance at $33.50. The market is making strong moves after Litecoin founder Charlie Lee announced that Litecoin will be looking to add privacy features.
Litecoin privacy features
As reported by FXStreet, Charlie Lee, the founder of Litecoin, announced via Twitter that Litecoin is looking to enable confidential transactions to enable fungibility. He tweeted:
“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.”
LTC/USD daily chart
LTC/USD made strong moves this Wednesday as the market not only broke past the resistance offered by the downward trending line but also made a move towards the $33.50 resistance. The 20-day Bollinger band also shows that the market is on the upper half of the band, indicating a bullish trend.
Share
