Home / Bitcoin / litecoin [LTC] negotiate under the support level in the bear market: technical analysis

litecoin [LTC] negotiate under the support level in the bear market: technical analysis

litecoin [LTC] Technical analysis

Bears are back in action when the cryptography market sinks deep into the major highlands along with Litecoin. On Friday, the selling pressure of digital assets is increasing with the coins that sell in red. The performance of the seventh most valuable virtual asset was in line with the downward spiral of the market, causing the currency to depreciate by almost $ 151 million from its market capitalization in just over eight hours. However, when the market was sad, litecoin [LTC] it has slipped by almost 2% over the last seven days and has fallen by almost 36% in the last month.


The new level of support started to rise to $ 32.14 and the currency is currently trading below that level on Friday. The MACD indicates that the currency is traded in bearish territory while the 100 EMA line points to the downside. The RSI hourly indicator is currently at 28.04, which suggests that LTC has reached the oversold level in the market. At the time of the press, the token sold nearly 10.04% against the US dollar to trade at $ 31.66.


litecoin [LTC] price table


Currently, the currency has slipped by 2.31% against Bitcoin [BTC] with an LTC valued around 0.0078834 BTC.

litecoin [LTC] Latest updates

Recently, Charlie Lee, the creator of Litecoin, revealed on Twitter several "threats" that the virtual currency had encountered during its first days (in 2011) and how it had managed the threats. In the series of tweets, Lee shared that he used a "centralization function"To protect the blockchain.

The main stock exchange in Switzerland has given its approval to the world's first exchange-traded product (ETP) that detects a series of cryptocurrencies. The ETP was designed to track an index based on the five main movements cryptocurrency including Bitcoin [BTC], Ethereum [ETH], XRP, Bitcoin Cash [BCH] and Litecoin [LTC]. The ETP activities are divided between XRP (25.4%), ethereum (16.7%), bitcoin liquidity (5.2%) Litecoin (3%) and the rest will be Bitcoin.

See also:

Charlie Lee admits to using "centralization functionality" previously to keep Litecoin safe

Switzerland approves the first ETP cryptocurrency includes Bitcoin [BTC], Ethereum [ETH], XRP, Bitcoin Cash [BCH] and Litecoin [LTC]

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