The factors that had an effect on the recent spike in litecoin's price
Litecoin reached 68% 24 hours gains today crawling up to $2 again and surpassing it. Its gains for today outranked all major cryptocurrencies. However, many investors are worried that this is just a pump and dump. The correction was in fact quite swift as litecoin sits at around 35% gains right now. The correlation between bitcoin and litecoin. We all know that litecoin was created envisioning a lite version of bitcoin. That's sort of how it works when it comes to trading as well, and there has always been a strong correlation between bitcoin's and litecoin's price. When compared, the....
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Litecoin is once again experiencing losses following bitcoin's movements. The 24hr loss neared 4% and the litecoin price sunk to $1.69 from $1.76. The litecoin market seems to briefly have taken the upward turn once again though as the price is currently recovering from the daily lows. Bitcoin and litecoin, are their prices going hand by hand? As always, it's clear that bitcoin played a role in the recent movements that litecoin price took. While the patterns noticed in the charts can't really be described as identical, litecoin has been known for staying true to the direction that....
Last week, Litecoin price saw a spike down from around the 1.60 area down to parity (1.00), which is a new low on the year. The 1H chart shows that after the spike price essentially rebounded back to 1.60 but started drifting lower again. Litecoin (LTCUSD) 1H Chart April 13. Overall, the price action in litecoin has remained the same - bearish with low volatility. 1) The 200-, 100-, and 50-hour SMAs are sloping down and in bearish alignment, with price trading under all 3. 2) The RSI has held under 60 after tagging 30, reflecting maintenance of the bearish momentum. When there is a spike....
It's once again becoming obvious that there's a strong correlation between bitcoin and litecoin price. Some days ago it looked like the bearish mood of the market disappeared for a while; but as expected, the recent decrease in bitcoin's price also had an effect on the litecoin price. Blame it on bitcoin(?). LTC/USD experienced ~7% losses today getting further away from $2 per coin. It seems like the 'bullishness' didn't really catch on after we noticed some positive movement last Sunday. It's not really that surprising to see litecoin price go down on a day like this, where almost all....
Today's cryptocurrency price action (Sunday 25th January 2015) is dominated by a surge in the Litecoin price, at one point rocketing up to a high of $2.87 on the BTC-e exchange, before gliding back down to just over $2 at the time of writing. The Bitcoin price is also trading at the higher end of its recent range today, briefly breaking over the psychologically significant $250 barrier before dropping back down to the mid-240s. This rise in the value of BTC brings us almost back up to the level seen at the end of 2014, wiping out most of this year's losses. Reasons for the Litecoin Price....
Over the past seven days, eight of the top ten altcoins have decreased in price. Six of these, including the litecoin price, the Dogecoin price, and theDarkcoin price have fallen by more than 10%. CCN examines this altcoin price decline. Also read: Litecoin Price Fails to Recover From Bitcoin Price Panic. Litecoin Price Falls 11%. Litecoin investors may have thought the recent revelation of a security vulnerability within the Ripple protocol would have enabled Litecoin to reclaim the second spot on the market cap charts. However, the litecoin price has been in decline as well, falling 11%....