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[tagore]

South Korean crypto exchanges are banning the altcoin from their platforms after upgrading the Litecoin network.

In South Korea, five crypto exchanges have delisted Litecoin. The delisting follows a recent network upgrade designed to boost user privacy. Since the introduction of "MimbleWimble" important transaction data can be anonymized.

In a company release Upbit justified the move with the Specific Financial Information Act, a law according to which strict disclosure requirements for crypto exchanges apply in South Korea and anonymous transactions are prohibited.

Users of the platform now have until June 20 to get rid of their Litecoin. After that, the exchange will stop all support for the cryptocurrency.

 

[Wisdom01]

When seen from a more holistic viewpoint, where the general direction of the cryptocurrency remains fiercely bearish, the recent recovery of Litecoin appears to be just temporary in nature. What takes place in the coming trading sessions will be determined by the general trend that the bitcoin business is following. The price of Litecoin (LTC) is favorably associated with the price of other cryptocurrencies, including Bitcoin, which is one of the biggest altcoins currently available on the market.

I think currently the market is really facing a big hit , I was expecting a different Outcome , but the price of cryptocurrency keeps falling ,it's a sign that things aren't going well , Litecoin have been struggling and that's same thing that is actually happening to Bitcoin too

 

[Wisdom01]

But this is kind of funny to me, how can they delist litecoin and accept other crypto coins. Or maybe the delisting us just for a short period of time and it will be listed back later. But if it's a permanent delisting, they have to give their citizens some weeks to get prepare for it, or is it possible that people that have litecoin on their wallet will just lose their coin like that.

probably because Litecoin is actually introducing some kind of private mechanism that would actually make the coin hard to track , so they are probably delisting for that particular reason ,it's the same way some exchange platform delist monero coin in that order

 

[Ben Kempton]

When seen from a more holistic viewpoint, where the general direction of the cryptocurrency remains fiercely bearish, the recent recovery of Litecoin appears to be just temporary in nature. What takes place in the coming trading sessions will be determined by the general trend that the bitcoin business is following. The price of Litecoin (LTC) is favorably associated with the price of other cryptocurrencies, including Bitcoin, which is one of the biggest altcoins currently available on the market.

@Wisdom01 - According to some news, Litecoin's value is expected to increase by 20 percent in this month. But I must add that these are all mere speculations based on data collected after observing the Relative Strength Index chart. The price might not necessarily surge as the price is basically dependent on various different kinds of factors.

 

[Wisdom01]

@Wisdom01 - According to some news, Litecoin's value is expected to increase by 20 percent in this month. But I must add that these are all mere speculations based on data collected after observing the Relative Strength Index chart. The price might not necessarily surge as the price is basically dependent on various different kinds of factors.

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the dependent factor for me might be the surge on the crypto currency market and Bitcoin , because with the look of things Bitcoin isnt boosting high like that and definitely not meeting high expectations and others as well too

 

[Ben Kempton]

the dependent factor for me might be the surge on the crypto currency market and Bitcoin , because with the look of things Bitcoin isnt boosting high like that and definitely not meeting high expectations and others as well too

I think that only time will tell us the actual position of Litecoin's market and value. Things have changed so much and now cryptocurrency market depend a lot on many different kinds of factors. Litecoin is following Bitcoin's footsteps once again as we all expected.

 

[Skysaint]

Litecoin really used to be one of my favourite coin back in the days and I know that the coin still got potential just that the overall situation in the market right now won't let it prove itself.
Litecoin us one of the few successful altcoins and I don't know why they actually delist it. From what I know in binance, only coins not doing well are being delisted.

 

[BullyMaguire]

I think that only time will tell us the actual position of Litecoin's market and value. Things have changed so much and now cryptocurrency market depend a lot on many different kinds of factors. Litecoin is following Bitcoin's footsteps once again as we all expected.

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It really is.. litecoin is the only crypto i know that closely follows the path of bitcoin even though their price has a big difference when Bitcoin moves to whatever direction we'll see litecoin move aswell.. that's why in the last bullrun it was the crypto that investors paid attention to next to bitcoin

 

[Ben Kempton]

It really is.. litecoin is the only crypto i know that closely follows the path of bitcoin even though their price has a big difference when Bitcoin moves to whatever direction we'll see litecoin move aswell.. that's why in the last bullrun it was the crypto that investors paid attention to next to bitcoin

Litecoin is not the only cryptocurrency which is close associated and positively correlated to Bitcoin. Other major coins such as Ethereum, Bitcoin Cash, Dogecoin, Dash Coin, and even tron are all linked to Bitcoin's market. I have recently found that the ASIMI coin is not highly related to bitcoin and there is some differences when it comes to two markets of these two coins.