Litecoin’s MimbleWimble is slated to be activated later this year

The activation of MimbleWimble is underway to launch on Litecoin’s mainnet by the end of the year, according to David Burkett, lead developer of MimbleWimble To update Project progress yesterday (June 3rd) via Litecointalk.

More Litecoin developers need to review the MimbleWimble code

In his meticulous update, Burkett emphasized that Litecoin’s MimbleWimble code has seen many changes since it was first submitted for review and inspection on Github. He also pointed out that the project is having a hard time attracting enough developers to review the MimbleWimble code. His precise statement about the challenges the project is facing:

“We still have a hard time getting developers to check the libmw code. However, this code has changed a lot since I first submitted the PR, so I’ll probably close it and create some new, smaller PRs and hopefully more easily understandable PRs in the coming weeks. “

Team Litecoin has since asked global developers familiar with cryptography and reviewing C ++ code to join the team. Telegram MimbleWimble to support this process.

When will MWEB be released? developer @ DavidBurkett38 shared the latest progress update – read here: https://t.co/m33vZAQvS7

If you have experience with cryptography and checking C ++ code, please join the telegram channel for MWEB developers: https://t.co/rEjmluJY7Y

– Litecoin (@litecoin) June 3, 2021

“When will the MimbleWimble Extension Block (MWEB) be released? Developer DavidBurkett38 shared the latest progress update.

If you have cryptography experience and check C ++ code, please join the MWEB developer telegram channel. “

Litecoin is struggling to hold the 200-day moving average

As for price action, Litecoin is mimicking Bitcoin as it tries to recapture the 200-day moving average (green), as seen in the graph below.

At the time of writing, Litecoin is trading below a major moving average with a current value of $ 175.

The chart also shows that the trading volume of Litecoin, MACD, RSI and MFI all point to the weak buying scenario from LTC investors and traders.

As a result, Litecoin could consolidate further below the USD 200 resistance towards the end of the week and above the USD 118 level noted late last month. It is also worth remembering that the fate of Litecoin is tied to that of Bitcoin. Bitcoin’s dip below $ 30,000 by the end of the week could cause Litecoin to drop below $ 118.

Teacher

According to EWN

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