Despite being criticized by many that the silver coin LTC is completely dependent on the price movement of BTC, it is one of the few with high earnings in the last 24 hours.
Among the top ten major cryptocurrencies, Monero's XMR is extraordinarily positive with an increase of 8.07%, followed by the 7th largest for the LTC market cap at 6 , 37%.
As explained in our post: Bitcoin BTC has reached a minimum – on September 13th, since BTC has refused $ 6,200 the bulls have returned and have given hope to the community . With Ethereum's ETH going back over $ 200.00, things look better than the previous week.
The billionaire investor and former hedge fund manager, Michael Novogratz, believes that the cryptography market has hit bottom with the recent lows observed only yesterday. In a tweet stated the following:
This is the BGCI chart … I think we put a low yesterday. retouched the highs of the end of last year and the point of acceleration that led to the great rally / bubble … the markets love to go over the breakout … we have retraced the whole bubble. #callingabottom pic.twitter.com/EasTBYgjSj
– Michael Novogratz (@novogratz) 13 September 2018
When it comes to the LTC / USD pair it is changing hands more and more above the daily support trend line that could signal a well-created ground for further gains with corrections respectively.
Bittrex – The cryptocurrency exchange Bittrex keeps its promise of adding more USD pairs to the platform. In August, the exchange announced that it will launch card pairs for Cardano (ADA) and ZCash (ZEC) on September 5th. Earlier – and August 20 – the exchange had excited the XRP community by officially adding XRP / USD and ETC / USD pairs.
Later, it is the turn of TRX and LTC with USD pairs to shine from September 17 will be available on the exchange. It was made public through their command on Twitter.
We are distributing more pairs of dollars. On 17 September, we are launching the US dollar (USD) markets for TRON (TRX) and Litecoin (LTC). Eligible accounts #Bittrex created before September 4th are already enabled for trading in USD. New user or do you want to deposit / withdraw USD? Details: https://t.co/KA248OA2Bz pic.twitter.com/21xA8xZ4vm
– Bittrex (@BittrexExchange) 12 September 2018
Charlie Lee – The highly respected and crypto-ecosystem character of the creator of Litecoin (LTC) Charlie Lee during an interview for CNBC added short-term price movements that could be massive corrections do not say the state of the entire crypt -versely and its achievements. The long-term status of values really reflects what the ecosystem has achieved and where it is located.
"In the long run, [price] tells us about the success of cryptocurrencies, but in the short term it does not really tell us so much. For example, this year there was a lot of adoption in Bitcoin and Litecoin, but their price has fallen by 60-70% because it is so volatile, it's all about speculation these days, but in the future the price will reflect the success of the currencies. "
According to Mr. Lee when the bears take the upper hand is the best time to sit down and do things that improve every single network:
"I would like to see more [talk around] Lightning Network and sidechain, ways to help Bitcoin and Litecoin to climb. reality is a good time for people to get things done […] This is what I saw in the last few markets actually. "