Investment Disclaimer:

• I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only.
• Past performance presented here is not an indicator of future performance.
• This post expresses my own opinion about the cryptocurrency mentioned herein and is not an offer to buy or sell, or a solicitation of any offer to buy or sell the cryptocurrency mentioned in this post.

1. Top 3 Good News for LTC HODLERS !!!

• PayPal Rolls Out Bitcoin, Ethereum, Litecoin and Bitcoin Cash Payments
  Statistic as of 4 Apr 2021 10:08 PM EDT: 57 positive votes, 0 negative votes
  Customers of PayPal could now transact in Bitcoin, Ethereum, Litecoin or Bitcoin Cash and some 26 million merchants that have integrated PayPal will now be able to accept these digital currencies from their customers via their platform
  
  
• Litecoin Completes MimbleWimble Code for LTC Scaling and Privacy
  Statistic as of 4 Apr 2021 10:08 PM EDT: 38 positive votes, 0 negative votes
  Litecoin foundation has announced that their MimbleWimble code, which aims to enhance the scalability, privacy and fungibility of Litecoin is now code complete, and ready to be audited by fellow developers which the entire process could take a few weeks up to a few months.
• Litecoin Could Be Next Altcoin to Rally, According to Peter Brandt
  Statistic as of 4 Apr 2021 10:08 PM EDT: 18 positive votes, 1 negative votes

2. Bad News for LTC HODLERS !!!

• European bitcoin exchange BL3P to remove Litecoin (LTC)
  Statistic as of 4 Apr 2021 10:09 PM EDT: 1 positive votes, 4 negative votes
  Litecoin was originally added to Netherlands-based bitcoin exchange, BL3P in 2017 as a test network to experiment its Lightning Network protocol and Segregated Witness (Segwit) features in an attempt to enable faster transactions with lower transaction fees during the time when Bitcoin protocol is congested, slow and having high transaction fees. With the addition of Segwit and lightning network features on Bitcoin now, BL3P has considered Litecoin failing to meet its core values thus removing it from being traded in its platform at all.

3. How Litecoin Performs Relative to Other Cryptos ?

As of 4 April 2021, Litecoin has made a cumulative return of 485.9% since Jan 2020 and 160.19% since Jan 2021. It is currently the 12th greatest performing crypto asset since Jan 2021 as compared to the other cryptocurrencies presented above.

4. Technical Analysis on Litecoin

4.1. Volume Weighted Average Price (VWAP)

4.2. Moving Average Convergence Divergence (MACD)

4.3. Bollinger Band

4.4. Relative Strength Index (RSI)

Based on the technical analysis presented above, quantdoge holds a neutral stance on the short-term price outlook of LTC.

5. Litecoin Risk Profile

Based on the 100-day 95% historical Value-at-Risk (VaR) profile of Litecoin defined above, Litecoin is now being traded at a less risky position on 4 Apr 2021 as compared to 10 days before on 27 Mar 2021, with its worst pullback being recorded at 20.27% on a single day during the last 100 days. However, I could be wrong hence please make careful due diligence before making any trading/ investment decision.

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If you are into Ethereum (ETH) and Bitcoin (BTC), I have made a similar analysis on them at:

• 1 April 2021 (THU)- Bitcoin (BTC) Daily Risk Report
  
  
• 1 April 2021 (THU)- Ethereum (ETH) Daily Risk Report

If you like my analysis and articles, please follow me at @quantdoge for daily updates.