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Litecoin Core v0.18.1 release draws close as virtual currency looks to bounce back


Adrian Gallagher who is the lead developer associated with the Litecoin Project posted an update linked to the Litecoin v0.18.1 release not too long ago. This is meant to ensure that Litecoin remains user-friendly, and improvements involving the “network code and P2P protocol” are to be expected.

Litecoin is ranked at #5 underneath Bitcoin Cash and Tether in the market. In the course of the past 24-hours, the price rose at a rate of 0.11%; this, in turn, brought LTC all the way up to $56.25 where it presently rests. The trading volume recorded stands at roughly $2.307 billion, while the supply has 63,391,829 LTC coins included as part of the circulation. The total market cap of Litecoin amounts to $3.565 billion for now.

According to the candlestick chart connected to the LTC/USD pair on tradingview [based on data obtained from the Bitfinex Exchange], this digital currency is still being dominated by sellers, although buyers have begun fighting back. The MACD line landed beneath the signal line post-23rd September but the gap between the two has shrunk gradually since the 28th of the previous month.

Support lies close to the $50.49 mark, whereas resistance may be felt near the $67.673 level. The daily RSI [for 14 periods] is about to reach 35, signifying that Litecoin isn’t being oversold as of now and has landed within the neutral zone.

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.