AltcoinsLitecoin

LiteCoin Market Report: $LTC Top Daily Mover

Brief:


LiteCoin is the top daily mover in the Top 10 crypto, as bitcoin moves sideways for one day. This comes after yesterday’s 7% $BTC recovery and after the week’s big $BTC losses. LiteCoin is up 20.64% in 24 hours, down -16.51% on the week and down -34.87% on the month on a last price of $159.56. The LiteCoin marketcap is $8,785,737,875 with a circulating supply of 55,062,283 $LTC. $LTC/USD is trading between a 24hr high of $175.00 and a 24hr low of $149.49 on a 24hr GDAX volume of $196,244,000. This trading volume is moderate. The weekly price trend is mixed.

Last price

159.56 $LTC/USD

$USD

last price $ 159.56
one week ago $ 191.12

Price change

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

period change
day 20.64%
week -16.51%
month -34.87%

Volume

Volume

$LTC 24 hour volume
USD $196,244,000
all $LTC currencies $982,283,000

The 24 hour volume for $LTC/USD on GDAX is $196,244,000. This volume weight is moderate when compared with GDAX daily trading levels for $LTC over the last month.

The total 24 hour volume for all reporting $LTC markets is $982,283,000.

Market Share

The GDAX currency pair $LTC/USD is 19.98% of all $LTC traded in twenty-four hours. This is the top performing $LTC pair worldwide according to CoinMarketCap.com.

Today’s Top Ten LiteCoin Pairs

Remarks

LiteCoin is the top daily mover in the Top 10 crypto, as bitcoin moves sideways for one day – after yesterday’s 7% recovery and the weeks big $BTC losses. LiteCoin is up 20.64% in 24 hours, down -16.51% on the week and down -34.87% on the month on a last price of $159.56. The LiteCoin marketcap is $8,785,737,875 with a circulating supply of 55,062,283 $LTC. $LTC/USD is trading between a 24hr high of $175.00 and a 24hr low of $149.49 on a 24hr GDAX volume of $196,244,000. In moderate volume trading the weekly trend is mixed.

LiteCoin did .98 billion dollars in trades in the last twenty-four hours.

Unlike other crypto, LiteCoin is one of the best managed, best performing cryptocurrencies. $LTC retains a high intrinsic value even better than bitcoin.

At today’s prices LiteCoin is a bargain.

Today’s increase was partly bouyed by the addition of $LTC to NetCents Exchange:

One Year Chart

One Day Candles

Browse LiteCoin Collection

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

Sunday February 04 2018 Bitcoin Background

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

24 Hours of Bitcoin
24 Hours of #Bitcoin
0.57% price $8,951.44
vol $6,973,860,000
mktcap $150,784,545,154
16.84M #XBT 11:40 #FinTech
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

Bitcoin $BTC Price Trend

XBTLivePriceTM

Yesterday

Altcoin Market Reports
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Highlight Chart

Tap / click to enlarge:

LiteCoin is up 20.64% in 24 hours, down -16.51% on the week and down -34.87% on the month on a last price of $159.56.
LiteCoin is up 20.64% in 24 hours, down -16.51% on the week and down -34.87% on the month on a last price of $159.56.

Data sources

Main Data Source

GDAX is the main data source for this report. The One Day Candles chart, highlight chart, and digital asset numeric trading data are from GDAX.

Secondary

CoinMarketCap is the secondary data source for this report. The One Year Chart, cryptocurrency rank, token circulating supply, and daily market share are sourced from CoinMarketCap.com.

Tertiary

XBTLivePriceTM and 24 Hours of Bitcoin are data products from KittyBitcoin.com

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 $ 8,785,737,875
Circulating supply 55,062,283
Last price $ 159.56

Daily High Low

daily high 175.00 USD
daily low 149.49 USD

Trend

The weekly trend is mixed.

The oldest five daily candles in the week are all red, every one of them. Only in the last couple of days has there been any suggestion of green.

Since the December 11 2017 high of $420.00 we have seen an erosion in the price of LiteCoin. In some respects this is because of the mal performance of bitcoin. However whatever the reason the fact is $LTC is down -16.51% on the week and down -34.87% on the month.

trend is MIXED

Trend is "mixed" when the week contains both green and red daily price candles, price movement up or down is significant, and there is no clear weekly price direction.

Resistance

Resistance is the highest price within the period:

period resistance
day 175.00 USD
week 191.12 USD

LiteCoin was $420 in December.

Support

Support is the lowest price within the period:

period support
day 149.49 USD
week 100.20 USD

We saw the week’s lowest price two days ago on February 02 2018. On that date the low of $100.20 was low enough for investors to ignite a six hour green candle. LiteCoin is well received in many circles.

Market sentiment

Market sentiment is neutral. After the major downward market correction of the past week, LiteCoin’s sentiment overnight – while encouraging – cannot be described as bullish.

sentiment neutral

Image courtesy Pixabay.com

Summary

LiteCoin is the top daily mover in the Top 10 crypto, as bitcoin moves sideways for one day. This comes after yesterday’s 7% $BTC recovery and the weeks big $BTC losses. LiteCoin is up 20.64% in 24 hours, down -16.51% on the week and down -34.87% on the month on a last price of $159.56. The LiteCoin marketcap is $8,785,737,875 with a circulating supply of 55,062,283 $LTC. $LTC/USD saw weekly resistance at $191.12 USD and weekly support at $100.20 USD . Market sentiment is neutral. The weekly price trend is mixed in daily 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 Sunday February 04 2018 11:30 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Bitcoin & Ethereum

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Thanks for reading! 🙂

Tags

LiteCoin, $LTC, USD, GDAX, Market, Report, $LTC/USD, altcoins

KittyBitcoin supplies blockchain intelligence on http://kittybitcoin.com, on industry leading websites, and through white label channels since 2014. Follow @KittyBitcoin on Twitter®.
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