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litecoin
Last week, litecoin [LTC] it went through a bearish phase that saw its price fall to $ 31.90 on December 29, 2018. But the currency seems to be increasing in the long run. LTC witnessed a peak on Saturday when the bullish trend seemed to have affected the entire market. Litecoin is very similar to Bitcoin and Ethereum and is one of the largest coins on the market and this is the main reason why it is getting more adoption and acceptance every passing day. The Altcoins are gaining popularity but Bitcoin still remains the king and among the altcoins, Litecoin remains the preferred option for investors. At the time of writing [LTC] it is trading at $ 30.90 with a total market cap of $ 1,848,055,102.
LTC / USD
The key support for the cryptocurrency it stands at $ 28.7840 and the key resistance level of the currency is $ 33.8990, which the currency failed to breach. A closer look at the chart shows that the price has hit the level and has therefore been retraced. Today, the price of the crypt is breaking the 12-day EMA and the price will continue with the downward trend. The graph of an hour shows that the price will continue the downward trend. The MACD line shows a downward trend. The RSI time stamp for Litecoin is 44.2062 and shows a selling pressure. In the last 24 hours, it has lost almost 3.77 percent and trades at $ 30.90.
LTC / BTC
At the time of the press, Litecoin lost almost 1.35% and a Litecoin [LTC] is equivalent to 0.00816288 BTC.
Latest updates
In an interesting development last week, a supermarket chain based in Rio de Janeiro, Brazil, Oásis Supermercados, began accepting payments via encryption. Reportedly, the supermarket will now accept Bitcoin, Bitcoin Cash and Litecoin as payment methods.
At the beginning of this month, it was reported that a new whale has moved Litecoin 36 million [LTC] and transferred it to the 50 Litecoin portfolios. It is possible that these LTCs have been moved to exchange portfolios that usually have substantial amounts of LTC.
See also: Litecoin receives support from BTC.com, users can now take out LTC for free
SALT, a blockchain asset provider, all set to include Litecoin [LTC]
Image via Shutterstock
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