present perfect vs simple past

[Daemon99]

Can some one please tell me the difference between the following two sentences?

1) I have lived in London for two years
2) I lived in London for two years

Does the first sentence mean that I am still living in London and the second sentence that I am not living in London now?
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Non-native speaker of English
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I intend to live forever - so far, so good.

[Mister Micawber]

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Yes, that is the usual interpretation.
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Native English teacher at Mister Micawber's