LiteCoin Market Report: $LTC Wide Price Swing in Bear Market
LiteCoin is seeing a wide price swing in a bear market. LiteCoin is down -2.60% in 24 hours, down -16.07% on the week and up 32.79% on the month on a last price of 0.01425050 or about $50.58. $LTC/BTC is trading between a 24hr high of 0.01488000 and a 24hr low of 0.01126750 on a 24hr Poloniex volume of 15,885 BTC. The weekly trend is mixed.
|last price||$ 50.58|
|one week ago||$ 60.27|
LiteCoin is seeing a wide price swing in a bear market. LiteCoin is down -2.60% in 24 hours, down -16.07% on the week and up 32.79% on the month on a last price of 0.01425050 or about $50.58.
Today we saw a wide swing reaching a low of 0.01126750 ($39.51) with a twenty-four hour high of 0.01488000 ($52.18). This results in a swing of $12.67. The two hour chart shows this in dramatic fashion.
Along with the wide price swings is month high volume. Today’s volume of over 15,000 BTC is second only to volume at the start of September 01 2017 when 20,744 BTC of $LTC changed hands.
The volume load and price swing come at a time when uncertain Chinese regulations have resulted in BTCC exchange closing its exchange doors (but not mining pool) on September 30 2017:
BTCC to Close Crypto Exchange
1/ After carefully considering the announcement published by Chinese regulators on 09/04, BTCChina Exchange will stop all trading on 09/30.
— BTCC (@YourBTCC) September 14, 2017
In news posted on Twitter just eight hours ago, ViaBTC announced it would also close its exchange operations effective September 30 2017:
ViaBTC to Close Crypto Exchange
— ViaBTC (@ViaBTC) September 15, 2017
Notably the cloud mining and mining pool operations remain unaffected.
In political developments continued disturbances on the Korean Peninsula are influencing international markets in a negative manner. The disturbances include posturing and propaganda releases by North Korea and United States of America flowing from North Korea’s nuclear weapons and ballistic missile testing. Yesterday North Korea launched an intermediate range ballistic missle (IRBM) over Japan. Last week North Korea detonated a nuclear weapon estimated to be “250 kilotons, or nearly 17 times more powerful than the bomb that flattened Hiroshima.” (The Washington Post) These developments are unsettling international markets.
The T&C20 is down 1.29% in twenty-four hours. The seven day trend is shown:
The index has also seen a wide swing today. More info: http://www.altindex.io/
CoinMarketCap YTD Chart
Bitcoin spot prices from four major exchanges at print time:
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Price change is the percentage change within the period:
Poloniex is the data source for this market report – except as noted.
Market capitalization is the total $US dollar value of the LiteCoin market calculated using the formula:
|Market cap||$ 2,677,778,895|
|Last price||$ 50.58|
Daily High Low
The weekly trend is mixed.
Support is the lowest price within the period:
Resistance is the highest price within the period:
Range is the difference in price within the period:
Market sentiment is bearish.
LiteCoin is seeing a wide price swing in a bear market. LiteCoin is down -2.60% in 24 hours, down -16.07% on the week and up 32.79% on the month on a last price of 0.01425050 or about $50.58. The weekly trend is mixed. $LTC/BTC saw weekly resistance at 0.01727400 and weekly support at 0.01126750. Market sentiment is bearish.
Past history is NOT an indicator of future results. Read the legal disclaimer:
LiteCoin, $LTC, BTC, Poloniex, Market, Report, $LTC/BTC, altcoins