Litecoin explodes 31 percent in 24 hours
With time, Litecoin has developed an eerie habit of being one of the most volatile cryptocurrencies in the world. The price action in the past 24 hours must have shocked (and killed) the bears, and even surprised the bulls. The market cap of Litecoin zoomed more than 31 percent intraday as short sellers went scurrying for cover, unable to handle the unprecedented buying pressure. Litecoin, on BTCE, touched a high of $3.946. What a day! Bitcoin is usually the main trigger behind Litecoin price action. A surge in Bitcoin tends to spur a rise in Litecoin. But this time was different! While....
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The gone-by weekend proved to be bearish for both Litecoin and Bitcoin. While Bitcoin suffered an approximately 2 percent decline, Litecoin too suffered a 1 percent loss. But the magnitude of the volatility in the latter overshadowed that in the former. Litecoin is presently trading at $3.943, down 0.93 percent since Friday. Things are still relatively good in Litecoin than in Bitcoin, and may become even better if Bitcoin sustains at the current level or rebounds quickly. Take a look at the latest technical considerations of the daily LTC-USD price chart below. Litecoin Chart Structure -....
Litecoin creator Charlie Lee believes that the price of the digital currency could reach $14 when SegWit is activated on the network. On Saturday, F2Pool mined Segregated Witness (SegWit) blocks for both Bitcoin and Litecoin. Charlie Lee tweeted that he sees a 72.34 percent chance of another pool signaling for SegWit in the next seven days. He equates the estimated prices to the level of signaling the network has received thus far: 20 percent => $4, 60 percent => $9, 100 percent => $14. There are indications the network will activate SegWit soon. It creates excitement - even in....
Litecoin has made it to the list of the best altcoins to buy in 2022. But for the past 24 hours, the crypto has fallen prey to the volatility that is currently wrecking havoc in crypto space. As of this writing, Litecoin (LTC) is trading at $52.43, down nearly 1.1 percent in the last seven days, and losing 2.5 percent in the last 24 hours, data from Coingecko show, Monday. At a glance, it can be said that LTC is on the same boat with Ethereum, the world’s second biggest crypto by market cap. But when taking into consideration the percentage of its holders that are making profit, a....
It is very uncommon to see that when Bitcoin rises by 2 percent, Litecoin would rise by a lesser magnitude. What is even rarer is to see Litecoin fall when Bitcoin market hits a new peak almost every day. And now is one such case. Litecoin is currently trading at $3.090, down 1.31 percent as bulls fail terribly at using the positive momentum to cross the resistance. I had expected a big surge in Litecoin if Bitcoin were to break past $250. I am left very disappointed. But, even so, let us take a look at the latest underlying technicals. Litecoin Chart Structure - As can be clearly seen....
Chinese Bitcoin Exchanges: Litecoin Price Volatility Driving Bitcoin Gains, Not Chinese Stock Market
Over the past several days, investors have witnessed sudden gains in volume and extreme price volatility for litecoin. In the last week litecoin has gained over 79 percent against bitcoin, 88 percent against the U. S. dollar and 90 percent against the euro and the yuan. Much of the rapid increase in volume around litecoin trading was coming from Chinese markets, which is cause for concern at Huobi, a major digital currency exchange based in Beijing. According to Arthur Hayes, the Cofounder and CTO of BitMEX, a litecoin ponzi scheme may have caused both bitcoin price and volume increases on....