Litecoin Trading LTC/USD Technical Analysis, Oct 27: LTC spikes the most in 2 weeks, but still hovering near 2014 lows
Litecoin (LTC) has just spiked as high as $3.85 on BTC-e, a gain of over 4% within one hour. Though not out of character for crypto trading, it represents LTC's biggest such jump in nearly two weeks.
Traders are hoping that the sudden reversal marks the start of any meaningful turnaround in the long-term. Year to date, LTC is off by nearly 90%- a figure we're more used to hearing with lesser known Altcoins Altcoins Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception there have been countless cryptos launched. Many of these have met varying levels of success, though several have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There presently exist over 5,000 altcoins and this number seemingly grows constantly. The paramount altcoins as of May 2020 are Ethereum and Ripple.In terms of struct Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception there have been countless cryptos launched. Many of these have met varying levels of success, though several have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There presently exist over 5,000 altcoins and this number seemingly grows constantly. The paramount altcoins as of May 2020 are Ethereum and Ripple.In terms of struct Read this Term.
72h ago, LTC challenged its $3.57-$3.60 support band, before reversing back to the mid $3.60's. LTC's 2014 low is $3.33, reached during the flash crash and nearly surpassed 3 weeks ago ($3.38) when Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term set new 2014 lows.
BTC's jump has been more muted, rising only 2%. LTC/BTC has thus shot up to its highest point in 18 days, now 0.0109. The pair had been hanging on to 0.01 and for a short time, appeared poised to break it. But this would have (most likely) entailed breaking the $3.60 support band, which has proven dependable during these times.
LTC/BTC has also spent minimal time below 0.01- no longer than 12h during its low 2 weeks ago. One has to go back to early September, and from there, to the August sell-off, to find pockets of sub-0.01 activity.
As prices "compress" and their rate of decline slows, LTC/USD's 50-day moving average (MA) is catching up quickly to the pair, now only 10% ahead.
Litecoin (LTC) has just spiked as high as $3.85 on BTC-e, a gain of over 4% within one hour. Though not out of character for crypto trading, it represents LTC's biggest such jump in nearly two weeks.
Traders are hoping that the sudden reversal marks the start of any meaningful turnaround in the long-term. Year to date, LTC is off by nearly 90%- a figure we're more used to hearing with lesser known Altcoins Altcoins Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception there have been countless cryptos launched. Many of these have met varying levels of success, though several have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There presently exist over 5,000 altcoins and this number seemingly grows constantly. The paramount altcoins as of May 2020 are Ethereum and Ripple.In terms of struct Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception there have been countless cryptos launched. Many of these have met varying levels of success, though several have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There presently exist over 5,000 altcoins and this number seemingly grows constantly. The paramount altcoins as of May 2020 are Ethereum and Ripple.In terms of struct Read this Term.
72h ago, LTC challenged its $3.57-$3.60 support band, before reversing back to the mid $3.60's. LTC's 2014 low is $3.33, reached during the flash crash and nearly surpassed 3 weeks ago ($3.38) when Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term set new 2014 lows.
BTC's jump has been more muted, rising only 2%. LTC/BTC has thus shot up to its highest point in 18 days, now 0.0109. The pair had been hanging on to 0.01 and for a short time, appeared poised to break it. But this would have (most likely) entailed breaking the $3.60 support band, which has proven dependable during these times.
LTC/BTC has also spent minimal time below 0.01- no longer than 12h during its low 2 weeks ago. One has to go back to early September, and from there, to the August sell-off, to find pockets of sub-0.01 activity.
As prices "compress" and their rate of decline slows, LTC/USD's 50-day moving average (MA) is catching up quickly to the pair, now only 10% ahead.