Litecoin LTC/USD Crucial Breakout $70.00? Latest Summarized

Litecoin LTC/USD Crucial Breakout $70.00? Latest Summarized
фото показано с : ethereumworldnews.com

2019-5-1 22:56

The Silver-coin to Bitcoin’s gold portratization – Litecoin is marching upwards, by price against the US Dollar for today’s performance, with haste compared to other altcoins in the top of the list going by market capitalization. Reaching the $73.20 level signaled a return above trading grounds where it stood two days ago before the plunge on the 29th of April.

Source: coinmarketcap

If the recovering sentiment continues to hold and the predictions stay on tact as many are forecasting that a strong break is very well set on stone for Bitcoin, the clear today above $70.00 might have signaled the aforementioned. The next major resistances are near $80.00 and $82.50. Conversely, a downside extension below the $67.00 level may push the price towards the next major supports near the $62.00 and $60.00 levels in the coming days.

Read Also:Bitcoin (BTC) Could Spike To $5,600 If Litecoin’s Trend Is Followed

Mr, Novogratz has always compared Bitcoin to gold; however, he has consistently refused to accept that Litecoin could be the equivalent of digital silver, a contrast that has been used by many experts and analysts, including Charlie Lee. Even though Litecon was born as a Bitcoin fork aimed at providing lower fees and faster transactions, the fact that Novogratz called it a “glorified testnet” for Bitcoin seems triggered the sensitivity of many people in the crypto ecosystem.

Gold has an $8.5 trillion dollar market cap. Silver is $15bn That is .17%. $BTC has a $90bn mkt cap. $ltc is $5.7bn which is 6.4% of $BTC. Silver is at least useful for industrial production. $ltc is a glorified test net for $btc. I don't get this rally. Sell $ltc buy $btc.

— Michael Novogratz (@novogratz) April 3, 2019

While in contrary, the CEO of Abra and very popular in the crypto-industry Bill Barhydt came in rescue of Litecoin in e piece with Cheddar. The American entrepreneur, formerly of NASA, the CIA, and Goldman Sachs, explains that whether it be Ethereum, XRP, or otherwise, many other chains are solving problems in their own right, with “Litecoin is the perfect case in point.” Barhydt explains that Litecoin’s move to integrate MimbleWimble, a privacy solution, and the chain’s classification as the “perfect Bitcoin test bed” cements its value in this ever-changing ecosystem.

The post Litecoin LTC/USD Crucial Breakout $70.00? Latest Summarized appeared first on Ethereum World News.

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Litecoin (LTC) на Currencies.ru

$ 120.67 (-1.65%)
Объем 24H $958.987m
Изменеия 24h: -4.82 %, 7d: -4.96 %
Cегодня L: $120.67 - H: $130.78
Капитализация $9.109b Rank 19
Цена в час новости $ 73.01 (65.28%)

litecoin ltc latest summarized usd crucial breakout

Источник: ethereumworldnews.com

litecoin ltc → Результатов: 126


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