Mar 6, 2020 Forex News
The seventh-largest cryptocurrency, Litecoin (LTC), is being traded today in the green zone, however, the increase in its value is still small.
Over the past 24 hours, the cryptocurrency has added a little more than a percent and is trading at $62.50 on the Bitfinex crypto exchange. Litecoin capitalization is $4.038 billion.
The first half of 2019 was very successful for the altcoin. Before the miners' award in August (halving) was reduced, the LTC rate jumped to $142 at some trading platforms by mid-summer, after which the cryptocurrency began to weaken.
In mid-February of this year, there was another surge in the activity of users of the Litecoin network, and the asset went up to $82. In early March, there was a fall to $56. Below this level, the coin did not roll back and gained support, which allowed it to return above $60.
According to trader Benjamin Blunts, LTC has bottomed out, so a further drop in the coin is unlikely. The correction is almost over, and now a new phase of altcoin growth will be waiting for us.
A break above $69 will allow us to see new highs, however, the analyst refused to specify his forecast, limiting himself only to a mark on a trend change.
Despite the short-term effect of rumors that Amazon was going to accept Bitcoin this year and the subsequent pullback, the BTC/USD pair was able to find support in the area of $36500 and start a new rally. As a result, today the BTC/USD pair was able to rise
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Dear clients, Please note that due to Independence Day celebrated in the USA on 4 July 2022 you may experience the following changes: Monday, July 4rdMetal CFDs: trading closes at 21:30. Indices CFDs: Europe 50 (#ESX50): trading closes at 23:00; France 40 (#FCHI): trading closes at 23:00;
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Feb 14, 2022 Company News