Litecoin is ranked at #5, above Binance Coin but below Bitcoin Cash coinmarketcap. The price of LTC grew slightly by 1.08%. The trading volume recorded is $2.994 billion, whereas the actual has?63,012,443?LTC tokens in play. The full market cap of Litecoin is $5.447 billion. LTC will set you back $86.45.
A week has passed since the halving occurred. Although the price had breached the resistance and reached $107 on August 5th, at this point the coin is controlled by sellers. The daily RSI [for 10 periods] stands at 38.91 after it recovered from 9th onward.
The peaks on your Awesome Oscillator are beneath the zero line and brown, indicating sellers are typically control. After 6th August, the Ichimoku Cloud had turned red, this points to bearish pressure sold in the market. Litecoin was heavily oversold midway through July, while the market had noticed a great slump.
This was associated with regulatory uncertainty and reactions from lawmakers world-wide. Key resistance for LTC could be felt on the $107.209 level if for example the coin seems to bounce back to $100 and beyond. Support are available close to the $76.5 mark.
I don’t expect the purchase price to reach $100 sooner. Only fresh buyers can certainly help boost the amount of Litecoin in the market.
Charlie Lee will be the creator of Litecoin and is considered the Litecoin Foundation. Brand-new areas such as worked with Coinbase and Google in the past.