[ad_1]
Today will undoubtedly try to be an interesting day for all cryptocurrencies and digital assets. Although the hourly charts signal more bearish momentum is coming, the daily chart Price, however, are not heading in the right direction. A current drop to $ 25 is in effect.
Litecoin Price Pressure Piles On
Bitcoin looks incredibly fragile on the hourly chart. Today, it would appear to be a matter of time until Bitcoin goes into the red again, although it does not appear to be overwhelming. Instead, it is the altcoins like Litecoin which are feeling the pressure first. That is a bit worrisome, as those currencies show a trend that will hit the remainder of the market fairly soon.
In the past 24 hours, there has been a notable downtrend in the Litecoin price department. First of all, there is a 3% decline in USD value, which looks somewhat out of place under the current circumstances. For LTC enthusiast, s this loss stems from a decline in the LTC / BTC ratio. A massive 4.2% deficit in this respect.
There is not much activity for looking at litecoin right now. That is not entirely abnormal, as there are tons of other projects to be discussed as well. One interesting discussion is how Litecoin – as well as other cryptocurrencies, can be a viable solution to avoid downtime caused by banks and financial service providers.
HEADS UP: no scheduled downtime required (EVER) for $ LTC. If you are fed up with banks you are shamelessly and unapologetically, it is time to #beyourownbank with #Litecoin #IgniteTheFireLTC #PaywithLitecoin
– Derek Nankivell (@Derek_Nankivell) December 10, 2018
Amazon and Litecoin. At the same time, there is a lot of hope for a potential partnership between Amazon and Litecoin. These are not the same, but these discussions serve no real purpose unless Amazon decides to effectively announce something along those lines. Amazon and Litecoin to speak of, right now, that is not the case.
#LTC #LitecoinFam @LTCFoundation @SatoshiLite @amazon #AMZNLTC partnership!
– babubhai (@BabuHindusthani) December 10, 2018
It would also seem to be a new crypto cloud mining service. These are always the case, these services need to be investigated thoroughly before entering them with money. Litecoin as well as other major cryptocurrencies. Always do one's own research before these companies, as well as cloud mining providers have turned out to be scams in the end.
Renewable #Energy Powered Cloud Mining: #Bitcoin, #Ethereum, #Litecoin & #XMR contracts available here: https://t.co/EvZsFz5NYCpic.twitter.com/nA8JUgyYWO
– Bit • ΞTH Finder (@bitethfinder) December 10, 2018
The current market would indicate the Litecoin price can dip below $ 25 in the coming hours. No comments yet. As such, it is very important to make any financial decisions, primarily because the current momentum can easily swing in the quick succession.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before buying or investing into any cryptocurrency.
[ad_2]Source link
