Category Archives: Litecoin
On Friday, capital outflows from cryptocurrencies put Litecoin prices under pressure, yet LTC refused to break below $60.00, or even $61.00, for that matter. This may change, of course, but it was heartening to see some resiliency in Litecoin.
That’s why investors shouldn’t worry too much about the Litecoin to USD exchange rate falling 2.12%. It isn’t good Litecoin news, but that doesn’t mean investors should break out the Kleenex. There’s a silver lining here—the Litecoin to Bitcoin rate appreciated 3.1%.
While this may not seem like much now, try to remember what the last two weeks have looked like. On one hand, BTC was experiencing a rocket ride to the moon, and on.
The post Litecoin Price Forecast – LTC Holds Above $60 as Crypto Market Shrinks appeared first on Profit Confidential.
It’s often said that Litecoin is the “silver to Bitcoin’s gold.” In fact, it’s said so often that investors often forget gold is tough to destroy. It can be melted, but not burned; buried, not vanished.
By contrast, Bitcoin goes through an existential crisis every month.
First, there was Bitcoin Cash, then recently Bitcoin Gold, and now SegWit2x lies before us. It seems like the Bitcoin community is perpetually at war with itself.
What happens if investors grow tired of these fights? Do they simply pull their money out of the industry altogether? Or, and this is where it gets interesting, do they switch to Litecoin?
We believe there is some possibility for the.
The post Daily Litecoin Price Forecast – Can LTC Profit from Bitcoin’s Civil War? appeared first on Profit Confidential.
Litecoin (LTC) trading volumes took a dive this past week, adding another link to the chain of evidence that Bitcoin (BTC) is sucking up all the air in cryptocurrencies.
Only $81.1 million worth of LTC tokens changed hands on October 26. Compare that to two weeks ago, when $453.9 million worth of Litecoin was traded in a single day.
The drop-off in trading activity made it hard for investors to find a bid, which in turn caused LTC prices to stall around the $55.00 level. Momentum was virtually nonexistent.
As a result, investors looking to make a profit in this.
The post Litecoin Price Forecast – LTC Drops 2% on Absurdly Low Trading Volume appeared first on Profit Confidential.
On Thursday morning, a return of investor enthusiasm lifted the overall crypto market cap above $173.0 million. With the exceptions of NEM and NEO, this influx of cash raised prices for the top 10 biggest cryptocurrencies by market cap.
That said, the inflows (from fiat to crypto) are not evenly distributed.
Don’t be fooled by the Litecoin to USD exchange rate. It rose 3.13%, to be sure, but that feat grows less amazing upon closer inspection.
Why, you ask?
Because, dear reader, Litecoin’s gains were comparatively weak. it depreciated 4.74% against.
The post Litecoin Price Forecast: Falling in Sync with Bitcoin Can Raise Litecoin Above $90 appeared first on Profit Confidential.
Fear, uncertainty, and doubt (FUD) are three poisons used to discourage interest in new technologies, but they almost never last. So try not to think too hard about yesterday’s 5.46% slump in the Litecoin to USD exchange rate.
It means next to nothing in the grand arc of LTC prices because FUD nearly always crumbles when faced with the overwhelming force of progress.
Besides, yesterday’s Litecoin news wasn’t even related to Litecoin. It was almost entirely to do with Bitcoin (BTC) and its hard fork.
For those who aren’t familiar with the hard fork, it.
The post Litecoin Price Forecast: LTC Drops More Than 5% After Bitcoin Hard Fork appeared first on Profit Confidential.
Investors that are new to cryptocurrencies might find it easier to think of Litecoin (LTC) as a parallel to precious metals. Rather than thinking of it as a mysterious digital asset, think of it as the “silver” to Bitcoin’s (BTC) “gold.” It is practical and commercial rather than a store-of-value, exactly like silver.
This relationship is old Litecoin news, but it serves as a healthy reminder that the Bitcoin price and Litecoin price travel as a pair.
Like gold and silver, there is a standard LTC/BTC ratio. Just to give you a sense of it, the last time that Bitcoin traded in the high $4,000 range, Litecoin was trading between $75.00 and $80.00.
The post Daily Litecoin Price Forecast: When LTC/BTC Ratio Corrects, Litecoin Can Reach $85.00 appeared first on Profit Confidential.
As investors move beyond the dismal Litecoin news from last week, it’s becoming clear that a recovery won’t happen overnight.
In the last 24 hours, the Litecoin to USD exchange fell 3.15% to $52.63, while simultaneously falling 1.68% against Bitcoin.
LTC trading volume came in far below average, with only $286.6 million worth of Litecoin changing hands in the last 24 hours. The biggest trading center was Bithumb, a South.
The post Litecoin Price Forecast and Analysis – September 20, 2017 appeared first on Profit Confidential.
In the last 24 hours, Litecoin prices jumped nearly 5.76% against the U.S. dollar and roughly 2.57% against Bitcoin. The LTC to USD exchange rate is currently sitting at $68.32 at the time of this writing.
Any Litecoin news there was took a backseat to bigger industry trends on Monday.
Investors were preoccupied with rumors that the Chinese government is looking to shut down Bitcoin exchanges. However, it’s likely these fears are extended from China’s actual crackdown of initial coin offerings (ICOs).
The ICO market is facing deep skepticism at home.
The post Litecoin Price Forecast and Analysis – September 12, 2017 appeared first on Profit Confidential.
After a Chinese ban on initial coin offerings (ICOs) came into effect earlier this week, cryptocurrency value plunged across the board. Bitcoin, Ether, Ripple, and Litecoin all took double-digit dives on Monday.
But the industry is already in recovery, with LTC prices crossing back above $80.00 at the time of writing. The resurgence suggests that investors are hewing to the long-run Litecoin price forecast as opposed to a short-term outlook.
Litecoin is up about 6.93% in the last 24 hours, roughly 21.31% in the past week, and nearly 74.55% from the previous month.
Newcomers to the cryptocurrency world might be wondering whether it was a specific piece of Litecoin news that.
The post Litecoin Price Forecast and Analysis – September 7, 2017 appeared first on Profit Confidential.
LTC prices were on a roller coaster over the long weekend, but so was the rest of the crypto market. There was a steep climb, a glorious moment at the peak, and then price support gave out.
It’s important to note that the entire saga was triggered by industry-wide catalysts, not specific Litecoin news. That said, Litecoin went from around $62.00 to roughly $90.00 and then back down to near $64.00 in just one week.
The triangle-shaped chart, which followed an almost identical trend to the trading volume, is an excellent method of tracking the Litecoin price prediction. Prices spiked as trading activity increased, then plunged as fewer Litecoins changed hands.
A well-timed trade.
The post Litecoin Price Forecast and Analysis – September 5, 2017 appeared first on Profit Confidential.