Students receive a free pass for Litecoin Summit: LTC / USD on the edge of a breakdown

  • Students only need to bring with them a valid student ID for the summit.
  • Short-term support for $ 59.00 is vital, but now 100 SMA will offer support for $ 58.23.

The Litecoin Foundation will hold the Litecoin Summit on 14 and 15 September 2018 at the San Francisco Convention Center. The speakers at the summit include global industry experts from around the world, including the founder of Litecoin, Charlie Lee. Other speakers include CEOS by Token Pay Derek Chief, Bill Barhydt the founder and CEOS of ABRA and Elizabeth Stark, CEO and co-founder of Lightning Labs, among others.

Tickets for the summit are currently on sale on the Litecoin Summit Page. However, the good news is that students will be allowed to participate without paying. They just need to bring a valid ID document with them. The Litecoin Foundation wrote on Twitter:

"This is great! These students are the future and will help us to realize the full potential of #crypto and #blockchain.We offer FREE tickets for DAY 2 for students! StudentpassLF at checkout and carries a valid student ID for the event. "

Price Analysis of Litecoin

Litecoin corrected higher than the resistance at $ 61.00 two days ago. Yesterday's session saw Litecoin exceed $ 63.00 and traded the week high for $ 63.85 before it turned and began to cut earnings. The 50SMA hour yielded to the pressure of the bear. Furthermore, declines have passed beyond the uptrend line with support at $ 61.00. The former resistance turned the support to the 61.8% level of Fibon with a decline from $ 63.85 to a low at $ 55.58 did little to stop the slide. LTC / USD is currently seeking support for $ 59.00.

Technical signals from the indicators applied to the graph are negative. For example, the Stochastic is moving further into overbought territory while the moving average gap is widening. Short-term support at $ 59.00 is vital, but the 100 SMA will now offer support for $ 58.23. Another support is at the Fib level of 23.6% but the LTC / USD is still on the edge of a break in support of $ 56.00 unless the buyers retire above $ 60.00.

LTC / USD Chart 1 hour

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