Home / Others / litecoin [LTC] shows the signs of a new rally: technical analysis

litecoin [LTC] shows the signs of a new rally: technical analysis

litecoin

A look at the litecoin [LTC] the table gives us the complete picture. While the bearish trend continues to dominate the market, Litecoin [LTC] he managed to resist and currently trades at $ 30.09. After witnessing a brief rally that saw total capitalization reach $ 135 billion last week, he returned to the usual business with a total market cap of around $ 127 billion, with most of the major currencies they sell in red.

LTC / USD

At the time of writing the currency is traded above the support level of $ 23.4710 and is well below the resistance level of $ 36.777. The chart shows that the price hit the resistance level and therefore has been retraced. The MACD shows an uptrend with some momentum. A look at the daily chart shows that the price started to rise after a prolonged period of bullish divergence. The RSI indicator that is at $ 43,2116 shows a high sales pressure. In the last 24 hours, the currency has lost almost 2.56 percent and is currently trading at $ 30.09.

LTC / BTC

At the time of printing, the currency has lost 2.28 percent in the last 24 hours and an LTC can buy 0.007936 BTC.

Latest updates

In an interesting development last week, BTC.com, multi-cryptocurrency mining pool, announced support for the extraction of Litecoin (LTC). The mining pool offers ETH / ETC mining from 30 August 2018 and from 28 September 2018 offers DCR mining. Litecoin has about 84 million units, the new blocks are extracted every 2.5 minutes. Currently, Litecoin [LTC] it is at number 8 in the total market capitalization with a volume (24 hours) of about $ 451 million, according to CoinMarketCap.

At the beginning of this year in October, SALT, also known as Secure automated loan technology platform that uses blockchain to secure loans, announced the inclusion of Litecoin [LTC]. The differentiating factor that distinguishes SALT from the rest is the fact that it is the leading liquidity provider for large-scale virtual currency investors.

See also: SALT, a blockchain asset provider, all set to include Litecoin [LTC]

Litecoin's shorts behind "a concerted effort" to suppress the price of LTC: Charlie Lee

Image via Shutterstock

Join our Telegram group

Source link