Litecoin Price: The Fluctuation Continues
The last 24 hours went by without bringing in any highly significant change in litecoin price. LTC/USD still trades at $1.75 at the moment although there were some interesting movements throughout the day. The volume falls but does that affect litecoin price? In contrast to yesterday's $2m, litecoin's trading volume fell well below $1.2m today. However, today's trading patterns reveal the market is still extremely active. It's still noticeable that the market is doing well at avoiding bearish outbreaks and although LTC/USD climbed to $1.77 not many orders were executed at this level.....
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Bitcoin had a larger than usual fluctuation, gaining 20% in price only to drop 20% back to the original price range, Litecoin broke through it's ceiling reaching $3.80, $4 and $4.20 all the way to a peak of $4.35, only to fall back down to $3.50 where it is now. A correction back to $3.80 is probable. The LTC/BTC pair exchange rate continues decreasing reaching 0.083-0.084. It is projected that if Bitcoin goes lower than $400 for too long Litecoin will most likely fall into a long depression.
Litecoin is clamped firmly between the prices $3.20 and $3.50, and can’t cross any of the two levels. This in turn is leaving traders frustrated as it’s far from ideal.. The two major forces affecting the Litecoin’s price fluctuation: the growth of Bitcoin price from $350 to $360, and the falling of LTC/BTC pair exchange rate from 0.095 to 0.092 in a single day. These forces are interconnected as because of the growth of Bitcoin’s price Litecoin miners are trying to get rid of the cryptocurrency in exchange for the growing Bitcoin. Thus, miners get more profits in fiat equivalent. Bitcoin....
The party continues in Litecoin markets as the price rose another 2.66% or $0.13 to $4.978. With successive gains, Litecoin is fast approaching its previous top of $5.237. The technical indicators reflect no weakness as of now. Litecoin may have some more steam left in it, and hence, dips can be used to buy the cryptocurrency. Read on to find the latest technical factors below. Litecoin Chart Structure - In yesterday's rally, Litecoin jumped to $5.080 before easing slightly. Another factor weighing on Litecoin is the stalling of Bitcoin. I had earlier mentioned that the rise in Litecoin is....
Litecoin looks unstoppable! The bullish herd mentality has pushed the price to a fresh 10-month high of $6.453 on strong trading volume. And there are no technical signals which indicate that the frenzy is about to lose steam. In fact, the market participants have started accumulating Litecoin on even the slightest dip. Litecoin has added 18% in gains since yesterday to currently trade at $6.153. The 240-minute LTC-USD price chart looks sturdy and poised for more gains. But since the cryptocurrency has already rallied significantly in such a short time, I remain skeptical of its future....
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%....