Litecoin witnessed development on the year; nevertheless, it continuing to tumble following its planned halving event. In accordance with information on CoinMarketcap, Litecoin was coming in at $44.88 following a small slump of 0.69% at press period.
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Litecoin (LTC) has a limited potential, and will most probably fail to fulfill its promise of being silver to Bitcoin’s gold. Recent points made by entrepreneur and blogger Sylvain Saurel show that LTC has lost its momentum and is becoming irrelevant.
Litecoin (CURRENCY:LTC) traded up 2.5% against the dollar during the 1 day period ending at 0:00 AM ET on December 6th. During the last seven days, Litecoin has traded down 5.7% against the dollar. One Litecoin coin can now be purchased for $46.16 or 0.00609135 BTC on cryptocurrency exchanges including Bitfinex, Coinone, EXX and Koinim. Litecoin has a market capitalization of $2.94 billion and approximately $2.65 billion worth of Litecoin was traded on exchanges in the last day.
Litecoin crashed to $43 after the last bearish impulse. Previously, the coin had been trading above $50 for over a month before the market went up. This sudden price jump hit resistance at $65. After a pullback, the bulls retested the resistance to form a bearish double top pattern. This pattern formation led to a further drop of Litecoin to a low of $43.
December 2019 is already here, and it came in kicking. November’s volatility doesn’t seem to end, as, in the past seven days alone, Bitcoin went through a couple of significant swings. The world’s largest cryptocurrency reached a high of around $7,800 in the past week, only to decrease to as low as $7,150 and recover a few days later to where it’s currently trading at around $7,460.
Litecoin Plus (CURRENCY:LCP) traded 5.2% lower against the US dollar during the 1-day period ending at 12:00 PM E.T. on December 6th. In the last seven days, Litecoin Plus has traded down 14.5% against the US dollar. One Litecoin Plus coin can now be purchased for about $0.0115 or 0.00000155 BTC on popular cryptocurrency exchanges. Litecoin Plus has a total market cap of $30,113.00 and approximately $45.00 worth of Litecoin Plus was traded on exchanges in the last 24 hours.
Coinbase Card, a crypto-powered Visa debit card from major crypto exchange Coinbase, now supports Dai (DAI), a stablecoin pegged to the United States dollar.
The Litecoin Transaction research report is a valuable source of data for business strategists. It provides the Litecoin Transaction overview with growth analysis and historical and futuristic cost revenue demand and supply data. The research analysis provides an elaborative description of the value chain and distributor analysis.
Famous American football team Miami Dolphins generated quite a buzz when it announced Litecoin, the sixth-largest digital asset in the world, as its official cryptocurrency earlier this year; however, it appears that the collaboration is running out of luck.