Litecoin Price Analysis And Prediction August Ltc Analysis And Best Time To Invest Into Litecoin
Litecoin continues to look a bit soft, but as I pointed out yesterday, we are hovering a major support level in the form of $46.50. The market is at roughly the 50% Fibonacci retracement level as well, and I believe this bodes well for buying on the debt. After all, the US dollar has been on the back foot as of late, but the last couple of sessions have been a bit stronger for the greenback due to the tensions with North Korea. As soon as that stops, greenback selling will probably come back into play. Once this happens, we should see a bounce in this market and an attempt to break out to the upside and reach towards the $50 level again. Adding slowly, Waiting for the Break out LTC Price Prediction At this point in time, I think that the only thing you can do is add to this market slowly, and wait for that break out. I believe that there is a massive amount of support underneath, extending down to at least the $45 level. Because of this, I feel that those of you who can wait will be rewarded with gains in the Litecoin markets given enough time. I dont have any interest in selling, I believe that the $50 level will be broken, but it of course has a certain amount of psychological importance attached to it. Because of this, I think that it is only a matter of time before we get our move, but geopolitical tensions seem to be taking center stage in general. I would have no interest in selling this market until we cleared the $44 level below, and that does not look to be a serious threat anytime soon. Once we do break above the $50 level, I think that the market becomes more of a buy-and-hold scenario. Continue reading >>
Litecoin Price Forecast And Analysis August 28, 2017
Home Cryptocurrency Litecoin Litecoin Price Forecast and Analysis August 28, 2017 Litecoin Price Forecast and Analysis - August 28, 2017 Gaurav S. Iyer, IFC Profit Confidential 2017-08-28T11:00:24Z 2017-08-28 11:01:39 litecoin news litecoin price forecast litecoin litecoin price litecoin price prediction litecoin prices ltc ltc prices Litecoin prices broke to all-time highs, yet its growth is eerily similar to Ripple's last week. How does this end? This is the Litecoin price forecast for August 28. Litecoin [caption id="attachment_107667" align="alignleft" width="300"] flickr.com/Litecoin Keychains[/caption]Its no wonder that LTC prices hit an all-time high on Monday. As explained in our previous Litecoin price forecast, investors are unraveling their post-fork positions in Bitcoin and dumping some money back into second-rung cryptocurrencies like LTC and XRP.This is evident in Litecoins depreciation against Bitcoin right after the fork. At the time, one LTC coin was trading between 0.015 and 0.016 BTC coins, a significant premium to the LTC/USD exchange rate. It later fell to 0.01000650 BTC.The rubber hit the road on around August 15, and since then, the silver to Bitcoins gold has been on the rise, scoring net gains on a pretty regular basis.Yesterday, for instance, Litecoin posted an 8.46% gain to $63.88.This, in addition to the 9.34% that LTC scored against Bitcoin, reveals a strong correction in the same vein as what was described on this website last week. A reverse-rotation from BTC to Litecoin was bound to spur on investment, but the question remains: How much?Well, if Litecoin news follows the example set by Ripple, then most of the gains could be erased within a few days. Both rallies were sparked in part by aggressive South Korean traders, many of which rout Continue reading >>
Litecoin Price Forecast And Analysis August 30, 2017
Home Cryptocurrency Litecoin Litecoin Price Forecast and Analysis August 30, 2017 Litecoin Price Forecast and Analysis - August 30, 2017 Gaurav S. Iyer, IFC Profit Confidential 2017-08-30T14:07:18Z 2017-09-05 05:16:39 LTC price forecast Litecoin news Litecoin Litecoin prices LTC LTC prices Litecoin news was virtually non-existent this week, but there are longer-term forces driving the LTC price forecast. Keep a close eye on them. Litecoin [caption id="attachment_96488" align="alignleft" width="300"] Dont be fooled by the momentary calm in the cryptocurrency markets. We are in the eye of the storm, and it wont be long until volatility returns.LTC prices may have only moved less than 0.5% on Tuesday, but Litecoin is up 27.35% for the week. In other words, whatever stillness existed on Tuesday is unlikely to survive beyond a day or two.Some piece of Litecoin news might emerge to kick-start the price, or else an old development might fill itself out more thoroughly. Take, for instance, Litecoins integration of the Lightning Network.Although this thoroughly impressive development was made possible by Litecoins earlier integration of Segregated Witness (SegWit), it is still in the testing phase. Full commercialization could become a catalyst for the LTC price forecast.Bitcoin also implemented Segwit on August 1 (which led to the infamous fork of Bitcoin and Bitcoin Cash), but it has yet to fully embrace the Lightning Network. This is slightly ironic, seeing as Bitcoin was the original impetus for the network. However, its minor civil war pushed the Lightning Network into the background.The net result is that Litecoin payments are faster than Bitcoins. Whats more is that Litecoin has essentially surpassed Bitcoin (technologically speaking only; its price is still way below BT Continue reading >>
Will August 1st Be Litecoins Day To Shine As Bitcoin Trading Will Be Temporarily Halted?
Will August 1st Be Litecoins Day to Shine As Bitcoin Trading will be Temporarily Halted? Cryptocurrency enthusiasts all over the world keep a close eye on August 1st. That is only normal, as that can be the day during which Bitcoin splits. Most of the exchanges will halt Bitcoin trading during that time as well to avoid any issues. Litecoin enthusiasts see August 1st as a golden opportunity. In fact, it may become the go-to cryptocurrency for at least one full day. LTC Remains unaffected by these Bitcoin debacles for the time being. August 1st will be an important day for all cryptocurrency users around the world. Even the people who dont hold Bitcoin will pay close attention to what is going on.It is possible we will see a Bitcoin network split on that day, unless the community bands together. Considering how the miners and service providers both want to go in very different directions, that seems rather unlikely. As a result of these concerns, a lot of exchanges will effectively halt Bitcoin trading for several hours. What Will Happen to Litecoin on August 1st? This creates a power vacuum waiting to be filled. Even thoughEthereumhas some strong trading volume right now, it may not become a heavily traded currency on August 1st. Litecoin enthusiasts feel LTC will become the top currency at least for one day. That is a rather ambitious train of thought, but it is not entirely unlikely either. After all, LTC has been the most stable currency both in price and trading volume over the past few weeks. Even during the Bitcoin price dip, Litecoin held its own relatively easily. At the same time, these plans may be spoiled by the Bitcoin community after all. More specifically, there are ways to lock inSegWitactivation before August 1st. If that happens, the network will not n Continue reading >>
Litecoin Price Forecast And Analysis August 31, 2017
Home Cryptocurrency Litecoin Litecoin Price Forecast and Analysis August 31, 2017 Litecoin Price Forecast and Analysis - August 31, 2017 Gaurav S. Iyer, IFC Profit Confidential 2017-08-31T09:49:13Z 2017-09-05 05:14:37 litecoin news litecoin price forecast ltc price forecast litecoin litecoin prices ltc ltc prices litecoin price prediction Litecoin price forecast for Aug 31. Litecoin is already trading at all-time highs, yet it has not received the same influx of mysterious Korean cash like its peers. Litecoin [caption id="attachment_107904" align="alignleft" width="300"] flickr.com/Revista Educacin[/caption]Unlike some of the other cryptocurrencies, Litecoins rally is not tied to geography.Its trading volume is spread across the globe, with some of it coming from China, Korea, and the U.S. Some of it also came from existing Bitcoin investors.The broad-based rally in Litecoin news helped boost the cryptocurrency roughly 5.52% to around $65.60.However, Litecoin lacks the concentrated volume that revived Ripple prices in the past few weeks. For those who may not be familiar with what happened, a spontaneous surge in Korean trading (more than 72% of Ripples overall trading) led to a massive rally.The same thing has happened to Bitcoin, Bitcoin Cash, and Monero.A sudden spike in trading volume injected their prices with adrenaline, sending them on a roller coaster ride to all-time highs. That has not happened with LTC...yet.Although Litecoin is already trading at record-breaking highs, it is not a cult favorite like Monero, an institutional partner like Ripple, or a high-profile classic like Bitcoin. What happens if it becomes any one of these things?No one can say for sure, but its likely going to force us to re-evaluate our LTC price forecast to factor in this new potenti Continue reading >>
Price Analysis, August 3: Bitcoin, Ethereum, Litecoin
Price Analysis, August 3: Bitcoin, Ethereum, Litecoin Check the price analysis for Bitcoin, Ethereum and Litecoin As expected, the appearance of Bitcoin Cash did not cause much harm to the original Bitcoin Blockchain. Yet, the current perspective does not seem so bright for Bitcoin. $2,900 resistance zone hasnt been broken through. At the moment, there are Bitcoin sells. This is happening because the liquidity is partially going to BCH. BCH will greatly influence the BTC price within the next month. Volatility is likely to rise when major exchanges open BCH wallets. We might see various turns of events here: there might be BCH sales or prices dumping, or say, hidden market makers can support the price at a certain range. Its not quite clear what kind of strategy ViaBTC will choose, but right now the BCH support at $300 is strong enough. If the BCH price settles at the $300 range, BTC may easily go down to $2,400-2,500. In case theres BCH price dumping, BTC may not fall or even go up. Factors that can influence the price within the nearest week: Mining distribution. That is a very important indicator for the fair pricing. Ethereum seems to hold at the $190-237 range. It is very likely that given the BTC high volatility, cryptocurrencies like ETH will get more liquidity. This will positively affect the price, and ETH will test the $237 resistance zone once more time. In the case of settling at $237, and general positive market mood for ETH/USD, we could see the $300 tests. If the resistance is broken, the current price channel might remain. Providing theres support at $191, there might be volatility growth and false breakouts. In the end, the price should return to the $190-237 channel. Everything is steady with LTC. Litecoin has proved to be a hedge, having all the Bitc Continue reading >>
Litecoin Project By Mit
World famous institute announcedmysterious cryptocurrency project Distributed databasethat is used to maintain a continuously growing list ofrecords, calledblocks. Whole cryptocurrency community is exited due to a new project, developed by Massachusetts Institute of Technology. It still remains unclear exactly what this project will be about. It is only known that this project will be released on 1th of August. It will be very interesting to see what MIT is going to launch. Many people were very surprised to find this mysterious webpageunder MIT domain. It is clearnow that new project will be Litecoin related. Even the creator of Litecoin, Charle Lee, has no idea about this project. Features faster transaction confirmation times and improved storage efficiency than the leading math-based currency For everyone wondering, I'm in the dark on this one also. My guess is that it's related to MIT's DCI Lit lightning network. Exciting! Charlie Lee (@SatoshiLite) June 22, 2017 According to Charlie's opinion, it is related to MIT's DCI Lit lightning network. It is nice to see that such old and serious institute is interested in cryptocurrency and especially Litecoin. Also, date is chosen wisely, 1st August is Bitcoin UASF activation date.The nearest future will be veryinteresting for whole mining community. Scammers to Create Fake Bloomberg ReportersAccounts Scammers created fake Twitter accounts of blockchain journalists Lily Katz and Olga Harif Twitter accounts Lily Katz and Olga Harif - employees Bloomberg and Businessweek - were simulated by scammers who on behalf of journalists asked the audience to send them some sums in crypto-currencies. This is reported by the Forbes. Scammers created fake accounts in Twitter @ LilyKatz5, @ subidetu4692 and @ o1gakharif - using the same Continue reading >>
3 Answers - Do You Think Litecoin Will Increase In Price After The Bitcoin Issue On August 1st?
Do you think Litecoin will increase in price after the Bitcoin issue on August 1st? I had a channel target of $60 and then $100 - $110 by Xmas! I have very significant holdings here! Charles Lee, seems to be one of those guys where everything he touches turns to gold! Once I heard he was the master of this ship my thinking was same - this has the potential to be SUPER successful! If btc is king and Eth is queen I would tell your Litecoin might well be the aire to that thrown! Now it might be more of a risk, however let's keep in mind the low price, and the fact that Lee has taken out all the drama Bitcoin keeps having with processes and load times! Faster and simpler crypto! Plus there are many more benefits to the implementations coming! Right now it's early days though I would expect huge volatility here, as they iron out their a few discrepancies heading into 2018. furthermoe, a little birdie tells me uber will soon accept litecoin as payments! This could be huge, if it get implemented! I said "if" ... For me the price is right and I have a thought if u look at the current price of ETH it can reach that high in the next 1 year! 100'ish It's still early days. So I'm just sharing some of my findings, so hope it helps :) After the last huge bitcoin drop in two things in my mind really take prevalence Litecoin was invented to fix bitcoin flaws in its design. If bitcoin has no more of those flaws, some people won't understand the need for litecoin. Therefore, once this sell off is complete they won't buy back in and litecoin will either keep falling or stabilize at a lower price. Just like the last bitcoin dip, litecoin will appreciate once more however it will be a slow ascent. When bitcoin falls, they all fall. But when bitcoin rises, it takes alt coins much longer. Continue reading >>
Litecoin Has Gained More Than 1,500% This Year
Litecoin Has Gained More Than 1,500% This Year Opinions expressed by Forbes Contributors are their own. Litecoin's price has gained more than 1,500% this year. Shutterstock Litecoin's price has surgedmore than 1,500% this year. The cryptocurrency reached$70.24 today, roughly 1,520% higher thanits price of $4.33 at the start of the year,according to CoinMarketCap . As a result, the digital currency was able to build upon the gains it realized earlier this month. This sharp price rally has caused Litecoin's market capitalization (market cap) to experience an even greater climb, rising more than 1,600% from roughly $210 million to $3.7 billion, additional CoinMarketCap figures show. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] As for what has driven this potential increase in Litecoin's price and market cap, there are several potential explanations. Some are relatively straightforward, for example the historical perception that Litecoin is the silver to Bitcoin's gold, and therefore the price of the two are correlated. Brad Chun, chief investment officer of Shuttle Fund Advisor, singled out this relationship as a factor that may have placed upward pressure on Litecoin's price. There is some background contextto support a correlation between the two. Bitcoin and Litecoin are very similar, with the latter currency being a fork of its older digital sibling. As a result, their technology is very similar, and they have both implemented an upgrade called Segregated Witness, which increases their transaction capacity. "Litecoin is seen as Bitcoin's little brother," said Charles Hayter, co-founder and CEO of cryptocurrency platform CryptoCompare. Continue reading >>
Why Did Litecoin Hit $50 For The First Time In August?
Why Did Litecoin Hit $50 For the First Time in August? Join our community of 10 000 traders on Hacked.com for just $39 per month. Litecoin price surpassed the $50 mark for the first time in August due to two major factors: compatibility with bitcoin as a result of Segregated Witness (SegWit) activation and its hedge-like characteristics to Bitcoin Cash (BCH). On August 21, Cryptocoinsnews reported that prominent bitcoin analyst and investor Tuur Demeester described Litecoin as a real bitcoin hedge because of its SegWit-enabled network and transactions. He explained that the sell-off of BCH was likely to cause Litecoin price to surge. If BCH pump fails, money could roll into LTC, it being a real Bitcoin (BTC) hedge. I just invested some BCH profits into LTC. With real Bitcoin hedge I mean [that] Litecoin has SegWit and it will likely merge other cutting edge tech ahead of BTC, Demeester said at the time. Although it is difficult to wholly attribute the surge in Litecoin price to the recent sell-off of BCH, the timeline matched the analysis of Demeester. During the week when BCH fell from over $1,000 to $640, Litecoin price achieved new all-time highs, breaking through the $50 mark for the first time since July. It is likely that the sell-off of BCH attracted investors in South Korea and China because they have been BCHs two largest markets and the demand for Litecoin has been increasing at a rapid rate in both markets. Upon the short-term sell-off of BCH, investors moved to Litecoin, Ethereum and bitcoin in the Chinese and South Korean markets. Another major factor that has led to a short-term surge in Litecoin price is the activation of SegWit in the Bitcoin network. The Bitcoin Core development teams SegWit, which works a transaction malleability fix and scaling solut Continue reading >>
Litecoin To 4x By August?
Litecoin has recently broken out of two separate descending trend lines, signaling a potential bull market incoming. This in conjunction with the overall crypto market is leading bulls to start accumulating this common cryptocurrency. According to Fibonacci chart analysis, a target of $560 may not be out of the question in upcoming months. After the cryptocurrency market crashed in late December of 2017, many believed that Bitcoin, Ethereum, and Litecoin were dead once and for all. According to more recent technical analysis, however, it seems that quite the contrary may be the truth. Cryptocurrency markets have been quietly growing over the past several months, as millions of dollars have been pouring into both small and large market cap crypto investments... but what of Litecoin ( LTC-USD )? Many were astonished at Litecoin's 329% gain in just 11 days that we saw last year, and so the question remains... will be seeing gains like that anytime soon? This author believes that we will be. After Litecoin peaked at $369 on December 19th, we saw a huge tumble downwards. In just two months, we saw the price of Litecoin drop by nearly 70%, all the way down to $108. But even so, Litecoin managed to break through the multi-month descending trendline which held it down, when on February 14th it shot up by 37%, breaking through the descending trendline. Even so, after breaking out of this descending trendline, it wasn't long before another reared its ugly head. From February 20th to April 11th, Litecoin was kept down in its place by a descending trendline, but on April 12th, bulls got a hold and managed to beat out the bears. Since then, Litecoin has entered into a steady accumulation phase, with a slightly upward bull channel... and while this breaking out of two separate desce Continue reading >>
Litecoin Price Forecast And Analysis August 25, 2017
Home Cryptocurrency Litecoin Litecoin Price Forecast and Analysis August 25, 2017 Litecoin Price Forecast and Analysis - August 25, 2017 Gaurav S. Iyer, IFC Profit Confidential 2017-08-25T07:01:37Z 2017-08-28 11:06:29 litecoin news litecoin price forecast litecoin litecoin prices ltc prices ltc/usd ltc/btc Litecoin relative value to Bitcoin is out of whack with its exchange rate with the U.S. dollar. Here is litecoin price forecast and analysis for 25 Aug 2017. Litecoin [caption id="attachment_107507" align="alignleft" width="300"] flickr.com/BTC Keychain[/caption]Litecoin is often referred to as the silver to Bitcoins gold, yet it has fallen out of sync with BTC prices in recent months. This divergencewhich started in mid-July and festered through Augustis creating tons of slack in the Litecoin price forecast.For example, the LTC/USD exchange rate fell 1.67% yesterday, while the LTC/BTC exchange rate fell 4.89% by comparison. The disparity reflects greater pessimism among investors that already have money in the crypto market.Many of them rotated funds from LTC to BTC in the weeks running up to the Bitcoin August 1 fork. As a result, Bitcoin appreciated considerably against Litecoin.However, Litecoin recently became convertible from fiat money. Investors were able to buy Litecoin without using Bitcoin as an intermediary, which led to a bump in the LTC/USD and an opportunity for arbitrage. Traders that rotated into Bitcoin last month could very well move back into Litecoin at a discount, particularly now that BTC prices are above $4,300. Such a maneuver could potentially kickstart a rally in LTC prices.But market psychology and herd behavior are not the only tailwinds for LTC. There was a spate of positive Litecoin news that was never fully absorbed into its price, inc Continue reading >>
Litecoin Hits A Record High And Is Up Nearly 1,400 Percent This Year
Litecoin hits a record high and is up nearly 1,400 percent this year Litecoin hit a record high of $64.2 on Monday and has rallied 1,400 percent since the start of the year Differences between bitcoin include speed of transactions, size of supply, and use case Litecoin creator Charlie Lee says that he sees the cryptocurrency being used for purchases whereas bitcoin is more a store of value Litecoin, the fifth-largest cryptocurrency by value and rival to bitcoin , has rallied nearly 1,400 percent since the start of the year after hitting a record high price. On Monday, litecoin hit an all-time high of $64.2, marking a 1383 percent rise since January first where it traded at $4.33, data from industry website Coinmarketcap.com showed. The price pulled back slightly on Tuesday and was just above $62 in early trade. CNBC runs through the differences between bitcoin and litecoin, and what's driving the price. Litecoin is a cryptocurrency founded by Charlie Lee. It has a market capitalization of around $3.28 billion according to Coinmarketcap.com . This makes it the fifth-biggest digital currency behind ripple, bitcoin cash, ethereum, and bitcoin, which is the largest with a market cap of $72.4 billion. Like bitcoin, it runs on a blockchain, which is a public ledger of transactions that can't be tampered with. There is a limited supply of 84 million litecoins, compared to 21 million bitcoin. Currently 52,679,982 litecoin and 16,530,563 bitcoin are in circulation. Litecoin transactions currently take just over 2 minutes to go through compared to about 100 minutes for bitcoin. Litecoin creator Charlie Lee recently explained that he sees the cryptocurrency as being a key player in payments, whereas bitcoin is more a store of value. "Bitcoin will always be the gold standard becau Continue reading >>
Litecoin Price Analysis - Retest Of All Time Highs On The Horizon
Litecoin Price Analysis - Retest of all time highs on the horizon Josh Olszewicz , 22 Nov 2017 - Litecoin , Opinion , Price Analysis Litecoin ( LTC ) has remained stable throughout the recent Bitcoin bull run. The cryptocurrency is now seventh by market cap , at US$3.77 billion, with US$230 million in trading volume over the past 24 hours. LTC has risen 111% since the lows in mid September and is up 1488% this year. LTC is a Bitcoin clone created in 2011, with four times the total coin supply, and block times of 2.5 minutes allowing for quicker transaction confirmations. Compared to coins above LTC in market cap, LTC consistently has more transactions per day, which suggests it is undervalued based on utility alone. Hashrate and difficulty have continued to increase throughout the year, suggesting sustained interest from miners even though other coins are more profitable. The Litecoin block reward is due to decrease from 25 to 12.5 coins around August 2019. The Litecoin Rich List , suggests that most addresses hold less than 100 LTC, with very few addresses holding a majority of the coins. This suggests some degree of centralization of holdings, but also suggests a majority of users are minimally holding LTC. As these addresses shift towards more users buying and holding more coins, prices should theoretically increase. Its also possible that many users see LTC more of a coin to spend and less of a coin with store of value potential. This is admittedly not the best metric because a user can store 100 coins in 100 wallets or 1 addresses with no easy way of differentiating between the two. The largest addresses also tend to represent exchange cold storage. LTC trading volume has been led by the US Dollar (USD) and Bitcoin (BTC) pairs on GDAX and Poloniex respectively. GD Continue reading >>
Bitcoin, Ethereum, Litecoin: Price Analysis, August 31
Bitcoin, Ethereum, Litecoin: Price Analysis, August 31 The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. After multiple retests, the $4400 resistance zone has been hit by a powerful impulse. Though not so long ago, one can assume that the new resistance zone in the BTC/USD pair is $4650. $4400 is the support zone. There has been no full-blown retest, therefore $4400 test scenarios are highly likely. $4650 is the resistance zone. Weve seen a lot of buys at this level over the last couple of days. Globally, the uptrend continues. But the movement has slowed down a bit, as there is probably a gradual shift of money flow from BTC to altcoins. The most likely scenario of price behavior for the coming week is in the $4400-$4650 range. BTC will experience tests of support and resistance zones without any rapid price movements during the last hours of summer, after impressive growth in August. The uptrend pressure may hit the $4650 zone. Apart from that, there are no other triggers. Theres no breaking news that could influence the price. In case a hit does take place, its very likely to be false. The only factor that can profoundly change the course of events is some breaking news. After the release of the much anticipated Metropolis news , Ethereums upward movement has strengthened. Judging by the volumes, we will see an all time high test. We observe the ETH super uptrend, backed by the news. Positive news creates a good base for buys. Fundamentally, the Metropolis structure leads to price increases. The difficulty bomb will affect prices significantly, in a positive way. Ther Continue reading >>