LTC/USD is under pressure, in sync with other coins. Charlie Lee claims that Bancor is not truly decentralized. Litecoin touched $78.00 during early Asian hours before recovering to $78.88. Litecoin’s is the sixth largest coin with the market capitalization of $4.5B and with average trading volume at $198M. The coin is down 2% since the start of the day amid global cryptocurrency sell-off. Litecoin price is moving in tandem with Bitcoin and other digital assets, which means that more downside may be in store. The crypto market feels the pain following the news about a security breach on Bancor, decentralized cryptocurrency exchange. “A Bancor wallet got hacked, and that wallet has the ability to steal coins out of their own smart contracts. An exchange is not decentralized if it can lose customer funds OR if it can freeze customer funds. Bancor can do BOTH. It’s a false sense of decentralization,” Charlie Lee commented in his Twitter account. This case might be yet another evidence that the existing ecosystem of digital assets is not as safe and secure as we might want it to be. Litecoin technical picture Litecoin is trading below all intraday moving averages (1-hour chart), which worsens the technical picture. The price needs to break above $82.00 and clear $82.34 (50-SMA and 100-SMA, 1-hour chart) to get a chance for an extended recovery. On the downside, a sustainable movement below $78 .00 will pave the way towards $86.00 and to $73.30 (the lowest level since June 29). LTC/USD, the hourly chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EUR/USD probing session lows near 1.1740 ahead of German ZEW FX Street 4 years LTC/USD is under pressure, in sync with other coins. Charlie Lee claims that Bancor is not truly decentralized. Litecoin touched $78.00 during early Asian hours before recovering to $78.88. Litecoin's is the sixth largest coin with the market capitalization of $4.5B and with average trading volume at $198M. The coin is down 2% since the start of the day amid global cryptocurrency sell-off. Litecoin price is moving in tandem with Bitcoin and other digital assets, which means that more downside may be in store. The crypto market feels the pain following the news about a security breach on Bancor, decentralized… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.