Category Archives: Litecoin
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.
In an extremely positive move, LTC prices continued to rise on Thursday, skyrocketing roughly 14.78% in the past 24 hours to around $76.85.
It is the first time that Litecoin made it over the $70.00 hump, making it one more piece of bullish Litecoin news.
In reaching these heights, LTC has validated our previous Litecoin price prediction. We noted that Litecoin was not experiencing the same bump in Korean trading that had sent Ripple,.
The post Litecoin Price Forecast and Analysis – September 1, 2017 appeared first on Profit Confidential.
Unlike some of the other cryptocurrencies, Litecoin’s 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 Ripple’s overall trading) led to a massive rally.
The same thing has happened to Bitcoin, Bitcoin Cash, and.
The post Litecoin Price Forecast and Analysis – August 31, 2017 appeared first on Profit Confidential.
Litecoin News of the Day
Don’t be fooled by the momentary calm in the cryptocurrency markets. We are in the eye of the storm, and it won’t 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, Litecoin’s integration of the Lightning Network.
Although this thoroughly impressive development was made possible by Litecoin’s earlier integration.
The post Litecoin Price Forecast and Analysis – August 30, 2017 appeared first on Profit Confidential.
Litecoin Poised for Rally in Fourth Quarter
As the price of Litecoin climbs to record highs, it appears our LTC price forecast is on track to come to fruition earlier than expected. For those who may be unfamiliar with our Litecoin price prediction for 2017, it shows the cryptocurrency reaching $200.00 by year’s end.
If that happens, the Litecoin market cap could surpass Ripple and Bitcoin Cash to become the third-largest cryptocurrency in the world. Only Ethereum and Bitcoin will outweigh its market capitalization.
The post Litecoin Price Prediction: LTC to End 2017 at $200 appeared first on Profit Confidential.
It’s 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 Litecoin’s 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 Bitcoin’s gold” has been on the rise, scoring net gains on a pretty regular basis.
The post Litecoin Price Forecast and Analysis – August 28, 2017 appeared first on Profit Confidential.