Litecoin

Litecoin is often regarded as the little brother of Bitcoin, being from the very beginning a peer-to-peer currency, that has become popular and spread rapidly since its launching in 2011. The blockchain-based trading coin is used to transmit money directly between two people without the third part regulation instance, such as a bank and so on.

Charlie Lee is a computer engineer who had an aspiration to find a lighter version of Bitcoin. When Bitcoin (btc) was regarded as “gold” and some kind of storage for values, Litecoin (ltc) was taken as “silver” and a means of everyday transactions for a cheaper cost. So, on October 7, 2011, Lee launched Litecoin via an open-source client on GitHub. Generally, it is a fork of the Bitcoin Core client, which in practice went live on October 13, 2011.

Mar 11, 2020 at 08:40
News

Litecoin Plunges to a New Low, a Rally Is Expected

Surprisingly, after an impressive upward move to a high of $64, the bears struck and a breakdown occurred. From a high of $64, the downward move extended to a low of $48. At the low of $48, the bulls pulled back above $50.

Mar 06, 2020 at 13:21
News

Litecoin Pushes above $62, Targets $80 Resistance

Litecoin has taken positive moves to reach a high of $62. It’s downward move from a high of $84 to a $56 low has ended. At the low of $56, the market slumped into the oversold region. In other words, selling pressure has been exhausted.

Mar 04, 2020 at 07:49
News

Litecoin Rebounds, Faces Initial Resistance at $62

Litecoin traded to a low of $57 and pulled back. In its final downward move, LTC fell to the low of $57 after a retest at $65. It is presumed that the selling pressure has been terminated because LTC has fallen to the oversold region of the market. That explains that selling has been overdone.

Feb 28, 2020 at 12:01
News

Litecoin Falls to $60 Low as Bulls Fail to Push Price above $80 Resistance

Finally, LTC slumped to a $60 low after several attempts at the $80 resistance. The bears are undone as they threatened to push LTC downward. Earlier on LTC dropped to $58 low but pulled back to retest $64 resistance.

Feb 26, 2020 at 08:04
News

Litecoin Is Range Bound as It Faces Stiff Resistance at $80

On February 25, Litecoin attains the high of $80 but the bulls have made concerted efforts to push the price above the resistance. LTC fell to a low of $72 because of the bull’s inability to break above the current resistance. It is noteworthy to know that the current resistance has not been broken since August 2019. On February 13 and 14, the current resistance was partially broken by the bulls as the price reached a high of $84.

Feb 21, 2020 at 10:54
News

Litecoin Recovers from Downtrend, Consolidates Above $66 Support Line

Recently, Litecoin made an impressive move to reach a high of $80. LTC could not continue with the uptrend. The bulls failed to push the price over the resistance. As a result, the bulls were resisted as the price fell to $65 low. It should be noted that Litecoin traded and reached the overbought region of the market.

Feb 19, 2020 at 07:42
News

Litecoin’s Inability to Sustain Attracts More Selling Pressure

Litecoin’s price may reach a low of $66. Litecoin (LTC) may resume a sideways trend if $66 support holds

Feb 14, 2020 at 14:49
News

Litecoin Is in the Overbought Territory, Faces Selling Pressure

Litecoin (LTC) has been making a series of higher highs and higher lows since January 24. The current upward move has reached a high of $84. The price movement is in the form of impulse and correction in the current uptrend. LTC is correcting after the recent high at $84.

Feb 11, 2020 at 12:50
News

Litecoin Breaks the Resistance at $73 but Fails to Rally above $80

About 48 hours ago, Litecoin broke the price at $73 and reached a high of $78. The bulls could not maintain the upward move as the price has fallen to the low of $72. Buyers ought to have reached the high of $80 as the $73 price level was broken. However, the lack of buying power hampered the upward movement.

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