Forex and Crypto News

Litecoin continues to demonstrate upward movement dynamics

12:00 28 May /2019

Litecoin became one of the growth leaders among the largest altcoins. During 2 days the coin jumped almost 13% and is trading at $115. The market capitalization of cryptocurrency exceeds $7.151 billion.

In addition to Litecoin, almost all large coins, including Bitcoin, grow in price. BTC started a new week with aggressive growth and is already approaching a new shock mark of $9000.

Some analysts and traders believe that if the positive trend dominates until the middle of this week, the Bitcoin rate will exceed $10,000.

Litecoin was able to overcome the $100 milestone in mid-May. Since the beginning of January 2019, the LTC rate has doubled, and now the coin faces the challenge of overcoming the $150 milestone.

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The level of $100 became a kind of starting point for a sharp increase in for Litecoin. Users of social networks are confident that the new psychological barrier for the coin will be the mark of $162.

Above this level, LTC is unlikely to rise to the August reduction in the mining reward. But after the so-called halving, we will witness a sharp reduction in the supply of coins, since it will be unprofitable to mine LTC. In this situation, a jump up to $200 will be quite possible, but most likely it will be short-term. Soon the coin will squeeze and will be able to hold fundamental positions only at the level of no more than $150-170.

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ICO projects sold 400,000 ETH during November

During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.

According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In Nov

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