Litecoin Market Report: LTC/BTC at Monthly High in Heavy Volume

Brief:


Litecoin has peaked to a monthly high. Litecoin is down -0.19% on the day, up 33.67% on the week and up 143.57% on the month on a last price of 0.01893027. LTC/BTC is trading between a 24hr high of 0.02219516 and a 24hr low of 0.01750000 on a 24hr volume of 113,802 BTC or 5,813,518 LTC. The weekly trend is mixed.

Last price

0.01893027 LTC/BTC

$USD

last price $ 33.32
one week ago $ 24.92
percentage 33.71%

Volume

Volume

The 24 hour volume on Poloniex is 113802.04130351 BTC or 5813518.73394515 LTC. This is the highest BTC pair volume today on Poloniex. The next highest volume is XRP which has less than half that.

Remarks

Litecoin is up 33.67% on the week in heavy volume. The volume pushed over one hundred thousand of BTC in Litecoin trades as price surged to a daily, weekly and monthly high of 0.02219516 BTC.

The last time Litecoin saw this price was in July of 2015. The all time high of .04829090 BTC was set in November of 2013 shortly after launch:

The chart is courtesy of CoinMarketCap.com.

One Month Chart
The Poloniex.com one month Litecoin chart gives a good idea of where Litecoin has been in the last thirty days:

XBTLivePrice
The Litecoin rally comes at a time when bitcoin is setting new highs:

After an uneasy afternoon bitcoin prices settled down somewhat in the evening, and alts were mostly green by the morning partially making up for their recent double digit losses, while bitcoin peaked followed by selling pressure and a price retraction.

Yesterday’s Litecoin low of 0.01750000 BTC came as bitcoin hit an all time high of $1816.38 on Poloniex.

Get the Weekly Detail
Jump to our Featured Chart for all the Litecoin detail.

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Price change

Price change is the percentage change within the period:

period change
day -0.19%
week 33.67%
month 143.57%

Featured Chart

Tap or click chart to enlarge:

Data source

Poloniex is the data source for this market report.

Market capitalization

Market capitalization is the total $US dollar value of the Litecoin market calculated using the formula:

market cap = ( available supply x last price )
Market cap $ 1,700,629,709
Available supply 51039307
Last price $ 33.32

Daily High Low

daily high 0.02219516
daily low 0.01750000

Trend

The weekly trend is mixed.

trend is MIXED

Support

Support is the lowest price within the period:

period support
day 0.01750000
week 0.01314559
biweekly 0.00980000
month 0.00739142

Resistance

Resistance is the highest price within the period:

period resistance
day 0.02219516
week 0.02219516
biweekly 0.02219516
month 0.02219516

Margin trading

yes

The data source Poloniex offers margin trading on this digital asset.

Range

Range is the difference in price within the period:

period range
day 0.00469516
week 0.00476878
month 0.01115819

Market sentiment

Market sentiment is bullish.

sentiment bullish

Image courtesy Pixabay.com

Summary

Litecoin has reached a monthly high of 0.02219516 BTC. Litecoin is down -0.19% on the day, up 33.67% on the week and up 143.57% on the month. The weekly trend is mixed. LTC/BTC saw weekly support at 0.01314559 and weekly resistance at 0.02219516. Market sentiment is bullish.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Wednesday May 10 2017 22:00 hours UTC. Contact KittyBitcoin to request custom reports.

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Tags

Litecoin, LTC/BTC, Poloniex, Brief, Last price, Volume, Remarks, Price change, Chart, Data source, Market capitalization, Indicators, Daily high low, Trend, Support, Margin trading, Resistance, Range, Market sentiment, Summary, Disclaimer, Printed, Coming soon, cryptocurrency, bitcoins, BTC, altcoins, investing, trading, speculation, coins, investment, digital, assets, tags

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