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A lot of cryptocurrencies have noticed some strong gains in the last few hours. This is mainly due to the fact that Bitcoin is firing on all cylinders during this brief bullish spell. The Litecoin price also collects the benefits of this uptrend, as it has again surpassed $ 55. The losses against Bitcoin, however, are a little worrisome.
The Litecoin price trend is promising
It is still too early to determine whether the current criptovalute price trend will remain in place for a long time. After the past hour, it seems that part of the push towards the top is already ending up in a fluctuating situation. litecoin He seemed ready to make over 10% today, yet he has already lost some of these gains in the last few minutes. Right now, there is still a 3.5% increase, which is more than respectable.
Given this small gain, it is also interesting to note the LTC / BTC ratio. Despite a 3% stop in this ward, the altcoin still looks healthy enough right now. This current market momentum will remain or decline based on the fact that Bitcoin's uptrend can remain in place for a few more hours. At this time, it seems that it could be the case, although nothing is ever guaranteed in cryptic land.
Despite the image of Litecoin in the world of cryptocurrencies, it would appear that Wirex users are not too interested in using this currency on the platform. More specifically, the company asked what currency Max Meilleur should use for its first paper-based purchase. Options include LTC, BTC, XRP and Ethereum. So far, people want to see the XRP used for debit card transactions, which is a remarkable feeling.
We have an extraordinary community in #TeamCrypto & We want your input at each stage of the path for @paymentsrace!
Our runner @maxmeilleur you can use Crypto just to get from New York – VegasWhich #crypto should it be your first purchase?#BTC #LTC #XRP #ETH #cryptocommunity #cryptotwitter
– Wirex (@wirexapp) October 14, 2018
A new service has decided to integrate Litecoin's support. NullTX does not claim that BuySellVouchers is a legitimate or illegitimate website, however the platform has enabled Litecoin's support to buy and sell gift certificates and vouchers. Any exposure to Litecoin can be considered a good thing at this point. There is an interesting correlation between cryptocurrencies and gift cards, so only normal companies will explore options in this sense.
Buy and sell the Itunes Gift Card / Voucher with #WebMoney , Perfect money, #AdvCash, #ePay, #bitcoin , #Litecoin on BuySellVouchers, com!
Instructions (video): https://t.co/vKadSDKhUo #iTunes #Amazon #ItunesGiftCard #starbucks #Vapor
– BuySellVouchers.com (@BuySellVouchers) October 15, 2018
Traders and speculators are sure that the cryptocurrency markets will rebound in the future. LUCKYCOINS is waiting for "the huge bullish reversal" that will affect all cryptocurrencies in the coming days and weeks. Whether this happens or not, it is a different matter, but current market indicators certainly seem promising.
RT @SECRET_TRADER_: #btc #Bitcoin#ltc #litecoin#xlm #stellar#eth #ethereum#NEO
My chart for today this is the start of the race for the bull boys 🙏🏼 pic.twitter.com/y5YJKlzipB
– LUCKYCOINS (@luckycoins_io) October 15, 2018
Based on current market conditions, the main business order will be to stabilize in the BTC department. Once this step has been taken care of, interesting things are likely to happen for all the altcoins. A Litecoin price of $ 60 by the end of the day is not impossible to achieve, but supporting it is a completely different matter.
Disclaimer: this is not about trading or investment advice. The article above is for entertainment and training purposes only. Please do your own research before buying or investing in any cryptocurrency.
Picture (s): Shutterstock.com
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