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It's Official: Litecoin Hasn’t Been Abandoned by Its Developers

  • Alex Dovbnya
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    Litecoin boss Charlie Lee had some explaining to do after the digital silver got embroiled in a major controversy

It's Official: Litecoin Hasn’t Been Abandoned by Its Developers
Cover image via en.wikipedia.org
Contents

Litecoin founder Charlie Lee has recently broken his silence after the damning leak shed light on the lack of development within the Litecoin ecosystem. According to Lee, the project is still going strong despite all the FUD.

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Bringing clarity to the table

Lee claims that there are two main reasons why Litecoin has no new GitHub commits in 2019.

First, Litecoin lags behind Bitcoin when it comes to new code updates. For instance, Litecoin Core 0.17.1 was released in May, but Bitcoin developers are credited for most of the commits that date back to 2018. Hence, it seems like Litecoin developers have been idle for a significant amount of time.

Secondly, he also points out that Adrian Gallagher, the leading Litecoin developer, has been working on his personal branch. Developers are not supposed to publish non-release code on the project’s master branch to avoid broken builds.

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Taking the heat

Lee has been at loggerheads with the Litecoin community after selling his LTC holdings right on the verge of the crypto crash in 2018. Despite committing to continue working on the project, he still faces a lot of criticism, and the most recent controversy was yet another log on the fire.

On top of that, there seems to be a brewing beef between Bitcoin maximalists and Litecoiners.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

  • Yuri Molchan
    📰 News

    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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