Litecoin Trading- LTC/USD Technical Analysis, Sept 15: Volatility returns to Litecoin

Litecoin (LTC) suddenly dropped by over 4% within the last 2h in a possible resumption of volatile trade. The drop is the biggest in 4 days. Hitting $5.15, LTC is challenging a short-term support level set 5 days ago, which served as platform to reach a 2-week high.

Should LTC breach this level, it could signal the end to its latest recovery effort. LTC is down by 70% during the past 6 months and 80% this year.

Despite the drop, LTC remains within 10% of its 50-day moving average, which is still declining as it catches up to steep losses from August.

LTC/BTC experienced a similar drop as 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 prices have not budged. The pair now trades at 0.0111. It hit 0.0116 last week, its highest point since mid-August.

Litecoin appears to remain uninspired by the commencement of Dogecoin's merged mining activities, with the excitement almost entirely one-sided.