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At the Litecoin {LTC} summit, Ron Paul received his first Bitcoin {BTC} from Bobby Lee of Ballet

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Litecoin is ranked at #6 to the south of Tether in the market. The trading volume recorded stands at roughly $3.296 billion, whereas the supply has 63,596,696 LTC coins in play as part of circulation. The total market cap of Liteocin amounts to $3.71 billion for now. The price dipped at a rate of 0.34% in the course of the past 24-hours. This, in turn, caused $LTC to sink all the way down to the $58.35 mark where it currently rests.

In accordance with the candlestick chart connected to the LTC/USD pair on tradingview [based on data obtained from the Bitfinex Exchange], the digital currency is being affected by sellers [albeit marginally] as of this instant. Post-29th October, the gap between the MACD line [which lies above] and the signal line has been reduced substantially, thereby causing the green histogram to drop and appear faded. This points to the possibility of a trend change.

From 31st October onwards, the peaks linked to the Awesome Oscillator were established atop the zero line. However, their brown shade signifies that bearish momentum will soon impact Litecoin’s performance in the market. Since the final week of October, $LTC has been consolidating. The Relative Strength Index has been stable for the past 5 days; it sits at 52.5.

Ron Paul is a former Congressman who hails from Texas. His policies have largely been regarded as “libertarian” and has frequently declared his opposition against mass surveillance programs.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.