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
The consolidation started for a bit after climbing the $48 level on Friday. For the buying pressure to come, the best time would be and most recommended a waiting of a pullback with the aim to attract more investors in the LTC/USD market
In the previous writing related to Litecoin Price development, we mentioned for further gains, a breakout over the $50 is required which even happened in the last 24 hours. The Digital currency was spiking in increase aiming to reach and set a new all-time high record but the catapulting stopped at $54.78. However in the positive note, it had stable ground and hovered over the $50 trending line.
If you are keeping an eye out for the recent development of digital assets prices, almost everybody noticed how Bitcoin (BTC) surged with no stop against the US Dollar to not reached heights before. As rumors, theories and analysis spread around it is predicted by many that Bitcoin, the first very famous cryptocurrency is near of reachiing mainstream adoption.
With Fintech starting this week, and as one of the matters to be discussed is the 3rd on the row blockchain conference, it could be of good time to add a few words on a digital currency that is different but still supports itself on a blockchain.
With IOTA dropping around 21.57 percentage in one week, The Silver Coin - Litecoin has taken the 5th place so being in the top five ranked by market capitalization while Southeast Asian Investors turned their eyes towards the digital currency.