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litecoin [LTC] Technical analysis
When the bears began to dominate the virtual currency market, the scenario began to appear red with only a few patches of green on Thursday. The downward wave of the market has knocked down Litecoin's main altcoin [LTC] failed to find an escape route The eighth most important cryptocurrency on the global scale did not go well through the day by moving the coin at a slow pace. The Bitcoin immersion [BTC] the price below the value of $ 4,000 has increased the seller's pressure on the market, in general and on digital assets, in particular. Previously, when the market was gloomy, Litcoin [LTC] it has fallen by almost 16% over the last seven days and has fallen by almost 45% in the last month.
LTC / USD
The virtual asset, at the time of writing this article, is trading well below the main support level, which stands at $ 30.67. The MACD line suggests that the digital asset has declined in the bearish zone, while the 100 EMA line shows that the currency is stuck in decline.
According to data from CoinMarketCap, the total market capitalization of the crypt is 1.76 billion dollars. The RSI of the crypto is currently equal to 46.13, which implies a high sales pressure in the market. At the time of printing, the digital currency declined slowly to the US dollar by nearly 3.32% and is currently valued at $ 29.5.
litecoin [LTC] price table
LTC / BTC
At the moment, the currency has slipped by 1.68% against Bitcoin [BTC]. Currently, an LTC is worth around 0.0077356 BTC.
litecoin [LTC] Latest updates
A series of whale movements have been seen by the cryptic market. Around 36 million Litecoins are moving in a new whale [LTC] they have been transferred to the first 50 LTC portfolios. It is possible that these LTCs have been moved to exchange portfolios that usually have substantial amounts of LTC. On December 4, a twitterati called the whale watcher LTC tweeted that the top 50 LTC portfolios received 45,000 litecoins of what they sent. These significant amounts of transactions cause alarm to the portfolio ecosystem. The litecoin whales could accumulate Litecoin to alternate the market. The whale can also discharge this amount to make a decline in the Litecoin market.
See also:
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Image via Shutterstock
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