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.

Litecoin Breaks Resistance at $62, Unbroken Since September
Jan 31, 2020 at 12:28
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Litecoin Breaks Resistance at $62, Unbroken Since September
Expectantly, the bulls have broken the resistance at $62 and the coin is approaching a high of $70. Before this time, the resistance at $62 has been an uphill task to break. The bulls made three unsuccessful attempts to break it. On January 29, the resistance was breached. Interestingly, the upward move is continuing but the coin may face another resistance at $70.
Litecoin Turns Down at $62 Overhead Resistance
Jan 28, 2020 at 13:50
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Litecoin Turns Down at $62 Overhead Resistance
Litecoin bounces as it makes an upward move to revisit the $62 resistance. On January 17, the bulls made their first attempt to break the resistance at $62 but were resisted. It is anticipated that if the bulls break the $62 resistance, LTC will rally above $66.
Litecoin Unable to Sustain Above $60, Faces Selling Pressure
Jan 24, 2020 at 13:46
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Litecoin Unable to Sustain Above $60, Faces Selling Pressure
Unfortunately, Litecoin reached its target price of $60 but could not hold on to a price above it. Litecoin has already fallen to $55 low. The current price level at $55 was a historical price level.
Litecoin Surges Ahead, Reaches First Target at $60
Jan 17, 2020 at 11:41
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Litecoin Surges Ahead, Reaches First Target at $60
Litecoin makes impressive moves and attempts to move out of the oversold area. Unfortunately, LTC reaches its first target price of $60 but struggles to break it. LTC is in a sideways move while the bulls attempt to breach the high of $60.
Litecoin Rallies Sharply, Targets $60 and $70 Price Levels
Jan 14, 2020 at 10:19
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Litecoin Rallies Sharply, Targets $60 and $70 Price Levels
Surprisingly, the resistance at $50 has been breached putting to an end the price range of $40 and $50. About three days ago, Litecoin shockingly dropped to a low of $44. There were fears that LTC might slide down to the bottom of the chart. Nonetheless, the support holds as the bulls took advantage to retest and penetrate the overhead resistance.
Crypto Giveaway Extravaganza as Bitcasino Turns Six
Jan 13, 2020 at 12:05
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Crypto Giveaway Extravaganza as Bitcasino Turns Six
Pioneering crypto-centric gaming portal Bitcasino has reached yet another remarkable milestone this week, marking its sixth year providing fair, fun and secure online gaming to the crypto community.
Litecoin Moves Up, Rejected at Key Resistance
Jan 10, 2020 at 12:12
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Litecoin Moves Up, Rejected at Key Resistance
In the previous week, Litecoin made remarkable moves but failed to break the overhead resistance. Eagerly, a breakout above $50 would have propelled the coin to rally above $60. Rather, Litecoin was repelled at $48 and it dropped to $44 low. The consequence is that LTC will face another selling pressure.
Litecoin Recovers, Uptrend Uncertain
Jan 07, 2020 at 10:54
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Litecoin Recovers, Uptrend Uncertain
Litecoin has made a convincing bullish move and it is approaching the overhead resistance. Despite its previous disappointing moves, the coin has proven every wrong right. Meanwhile, the coin is facing initial resistance at $46. LTC upward move may continue if price finds support after a retracement.
Litecoin Plummets as Bulls Fail to Hold $42 Demand Zone
Jan 03, 2020 at 11:10
News
Litecoin Plummets as Bulls Fail to Hold $42 Demand Zone
Disappointingly, Litecoin has dropped to a low of $39 at the time of writing. In the previous analysis, it was stated categorically that if the support at $42 failed to hold, Litecoin will face another session of a downward move. The fact is that the pair made a remarkable move in the previous week to the high of $44 but was later repealed.
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