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Charlie Lee {LTC} praises SoFi as crypto-investing with Litecoin kicks-off

Bitcoin

Litecoin is ranked at #6 underneath Tether, as well as Bitcoin Cash, in the market. The price jumped up at a rate of 0.60% in the course of the past 24-hours. This led to LTC scaling all the way up to $57.03 where it presently rests. The trading volume recorded stands at roughly $2.957 billion, whereas the supply has 63,337,479 LTC coins included as part of circulation. The total market cap of Litecoin amounts to $3.612 billion which depicts a massive decline compared to the value attained a week back.

According to the candlestick chart connected with the LTC/USD pair on tradingview [based on data obtained from Bitfinex], this altcoin is yet to escape from the clutches of sellers, who constitute the dominating force in the market. The daily RSI [for 14 periods] has managed to climb to 31.32, which signifies that LTC has successfully exited oversold territory.

Although the MACD line is still dipping beneath the signal line, and the red histogram is growing [as the gap between the duo increases]. The Awesome Oscillator peaks formed in the aftermath of 23rd September all bear the brown shade and have landed under the zero line, which points to bearish pressure being the ruling trend. A new support level was constructed near the $53.275 mark, and resistance will affect LTC close to $80.4

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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.