Home / crypto litecoin weekly price analysis / Litecoin price weekly analysis 11 August: LTC descends to its lowest value of 2018

Litecoin price weekly analysis 11 August: LTC descends to its lowest value of 2018

Litecoin price weekly analysis 11 August: LTC descends to its lowest value of 2018

LTC misplaced just about one 5th of its value all through a dangerous week that noticed maximum virtual belongings’ costs plunge.

Key takeaways

  • Earlier this week, Litecoin bottomed out at its lowest annual price level for the yr.
  • Trading volumes have remained quite strong all the way through the previous week.
  • Encrypted messenger app Telegram simply added Litecoin transactions to its rising platform.

It’s been a rocky week for many digital currencies, maximum particularly Litecoin, which noticed its value fall to a 2018 low of US$61.46 on Thursday August nine.

The descent took place on Tuesday 7 August, on the similar time different cryptocurrencies had been having their values examined, slipping from US$74.87 down to a backside of US$62.32 by means of the morning of Wednesday August eight, 2018.

The coin began the week at US$75.40, attaining a top of US$77.63 tomorrow, Friday August three.

At the time of writing, LTC is price US$61.61, dropping just about one 5th (18%) of its value in only one week.

Trading volumes have not modified a lot over the past seven days, down from US$298 million to US$254 million.

CryptoGlobe reviews that Litecoin is recently in a variety sure motion, that means the cryptocurrency’s price can be fluctuating round the USA$62.02 mark, with protecting for some other breakout.

FX Street analysts stated that LTC/USD price motion stays bearish, matter to a possible problem breakout. EthereumWorldNews stated the pair might summon a restoration so long as bulls hang the USA$60.00 make stronger degree.

Telegram has adopted Litecoin transactions for its encrypted messenger utility. The new Litecoin function, Lite.im, has been evolved by means of blockchain startup Zulu Republic. Users might be in a position to make the most of Litecoin services and products by means of Zulu’s back-end device. You’ll be in a position to ship instructions, take a look at your LTC steadiness and make transactions.

You can be told all about other exchanges, perceive precisely how to buy and sell cryptocurrencies, calculate your taxes, uncover digital wallets to hang belongings and discover a listing of all of the alternative coins available on the market.

Disclaimer:
This knowledge will have to now not be interpreted as an endorsement of cryptocurrency or any explicit supplier,
provider or providing. It isn’t a advice to industry. Cryptocurrencies are speculative, advanced and
contain important dangers – they’re extremely risky and delicate to secondary process. Performance
is unpredictable and previous efficiency is not any ensure of long run efficiency. Consider your individual
cases, and acquire your individual recommendation, sooner than depending in this knowledge. You will have to additionally examine
the character of any services or products (together with its criminal standing and related regulatory necessities)
and seek the advice of the related Regulators’ web sites sooner than making any choice. Finder, or the creator, might
have holdings within the cryptocurrencies mentioned.

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