Litecoin

LiteCoin Market Report: $LTC Takes Off

 

Brief:


LiteCoin takes off as Bitcoin stabilizes at $5,700 after a big upwards push. LiteCoin is up 10.46% in 24 hours, up 22.74% on the week and up 25.20% on the month on a last price of 72,980 won or about $64.78. The LiteCoin marketcap is $3,457,474,242 with a circulating supply of 53,372,557 $LTC. $LTC/KRW is trading between a 24hr high of 75,500 won ($67.02) and a 24hr low of 66,000 won ($58.58) on a 24hr Bithumb volume of $68,761,185. In moderate volume trading the weekly trend is mixed.

Last price

72980 $LTC/KRW

$USD

last price $ 64.78
one week ago $ 57.40
percentage 12.86%

Volume

Volume

$LTC 24 hour volume
KRW $68,761,185
all $LTC currencies $294,545,000

The 24 hour volume for $LTC/KRW on Bithumb is $68,761,185. This volume weight is moderate when compared with Bithumb daily trading levels for $LTC over the last month.

The total 24 hour volume for all reporting $LTC markets is $294,545,000.

Market Share

The Bithumb currency pair $LTC/KRW is 23.34% of all $LTC traded in twenty-four hours. Bithumb is the top exchange and worldwide leader for 24 hour volume in its currency pair LiteCoin $LTC/KRW.

24 Hour Top Ten LiteCoin Markets

data courtesy CoinMarketCap.com

GDAX One Month
GDAX (Coinbase rebranded) has today’s number two market share 15.12% in LiteCoin with their currency $LTC/USD.

Note: use of GDAX data does not represent endorsement of their service.

Remarks

LiteCoin takes off as Bitcoin stabilizes at $5,700 after a big upwards push. LiteCoin is up 10.46% in 24 hours, up 22.74% on the week and up 25.20% on the month on a last price of 72,980 won or about $64.78. The LiteCoin marketcap is $3,457,474,242 with a circulating supply of 53,372,557 $LTC. $LTC/KRW is trading between a 24hr high of 75,500 won ($67.02) and a 24hr low of 66,000 won ($58.58) on a 24hr Bithumb volume of $68,761,185. In moderate volume trading the weekly trend is mixed.

Not that LiteCoin isn’t volatile, but it “seems” to be more stable than bitcoin. However, the latest bitcoin bull run has caught LiteCoin in it, and LiteCoin has again taken off.

It wasn’t that long ago when LiteCoin cracked the mythical $75 mark, then fell back. The all time LTC high on Bitfinex was September 02 2017 when LiteCoin sailed to $93.71. With a last price of $64.78 converted from the Bithumb Korean Won, there is lots of room for LTC to move before it meets its historical all time resistance:

Bitfinex One Day Candles

More likely however is a modest gain a little more than we have seen to date.

CoinMarketCap.com YTD Chart

Bithumb One Month

Browse LiteCoin Collection

Learn about the unique characteristics of $LTC. Browse our collection of LiteCoin Market Reports.

Saturday October 14 2017 Bitcoin Background

Altcoins such as LiteCoin may show a relationship with bitcoin (BTC) which changes with the alt, bitcoin and market conditions:

24 Hours of Bitcoin
24 Hours of #Bitcoin
1.44% price $5,708.53
vol $1,727,570,000
mktcap $94,892,249,126
16.62M #XBT 20:44 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

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

Price change

Price change is the $LTC percentage change within the period:

period change
day 10.46%
week 22.74%
month 25.20%

Highlight Chart

Tap / click to enlarge:

Bithumb Five Days

Data source

Bithumb is the main data source for this report. Other sources are credited where used.

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 $ 3,457,474,242
Circulating supply 53,372,557
Last price $ 64.78
Circulating supply data courtesy of CoinMarketCap.com.

Daily High Low

daily high 75500
daily low 66000

Trend

The weekly trend is mixed.

trend is MIXED

Resistance

Resistance is the highest price within the period:

period resistance
day 75500
week 74800

Support

Support is the lowest price within the period:

period support
day 66000
week 56920

Market sentiment

Market sentiment is bullish.

sentiment bullish

Image courtesy Pixabay.com

Summary

LiteCoin takes off as Bitcoin stabilizes at $5700 after a big upwards push. LiteCoin is up 10.46% in 24 hours, up 22.74% on the week and up 25.20% on the month on a last price of 72,980 won or about $64.78. The LiteCoin marketcap is $3,457,474,242 with a circulating supply of 53,372,557 $LTC. $LTC/KRW saw weekly resistance at 74,800 won ($66.39) and weekly support at 56,920 won ($50.52). Market sentiment is bullish. The weekly trend is mixed in moderate volume trading.

Analytic Strategy: Objective Analysis

Objective analysis begins free of subjectivity. Interpretation of technical analysis geometric patterns, for example perceived shapes on a trading chart, is inherently subjective. This report is free of technical subjectivity to the maximum extent reasonably possible.

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 Saturday October 14 2017 19:21 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Coming soon

Thanks for reading! 🙂

Tags

LiteCoin, $LTC, KRW, Bithumb, Market, Report, $LTC/KRW, altcoins

@KittyBitcoin supplies mobile friendly blockchain intelligence on http://kittybitcoin.com. Their favorite color is pink and the bigger the wool ball the better.
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