Analytics / Forex and Crypto 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.
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