LiteCoin Market Report: $LTC Wide Price Swing in Bear Market

Brief:


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

0.01425050 $LTC/BTC

$USD

last price $ 50.58
one week ago $ 60.27
percentage -16.08%

Volume

Volume

The 24 hour volume on Poloniex is 15,885 BTC.

Remarks

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

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

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.

Crypto AltIndex
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

One Day Candles

XBTLivePriceTM
Bitcoin spot prices from four major exchanges at print time:

Yesterday

Previous Days

Altcoin Market Reports
We publish recent and topical Market Reports on many altcoins. Browse our extensive collection of Altcoin Market Reports.

Price change

Price change is the percentage change within the period:

period change
day -2.60%
week -16.07%
month 32.79%

Featured Chart

Data source

Poloniex is the data source for this market report – except as noted.

Market capitalization

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

market cap = ( circulating supply x last price )
Market cap $ 2,677,778,895
Circulating supply 52,941,457
Last price $ 50.58
Circulating supply data courtesy of CoinMarketCap.com.

Daily High Low

daily high 0.01488000
daily low 0.01126750

Trend

The weekly trend is mixed.

trend is MIXED

Support

Support is the lowest price within the period:

period support
day 0.01126750
week 0.01126750

Resistance

Resistance is the highest price within the period:

period resistance
day 0.01488000
week 0.01727400

Range

Range is the difference in price within the period:

period range
day 0.00361250
week -0.00272867

Market sentiment

Market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

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.

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 Friday September 15 2017 14:19 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Coming soon

Thanks for reading! 🙂

Tags

LiteCoin, $LTC, BTC, Poloniex, Market, Report, $LTC/BTC, altcoins

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