Altcoins Market

Litecoin

1. Over several months the asset has been in the 0.0099-0.0218 BTC  range. LTC seems to be in a good position, considering the technical analysis and market approach. It is clear that LTC/ BTC is in the channel, it broke its MA200 day on volume and is currently testing it. Technically, the volume is concentrated on purchases, it can be called a sign of strength if in the near future this asset will hold the 0.01368 BTC level, MA200 - wholesale price zone.Also, in the channel and in an uptrend, there is a trend relative to the MA200 and MA20, and the relative to the USD looks stronger than the one to the BTC.Another factor associated with the recent rise of Litecoin, may be the impending LTC/ BTC inter-network transaction exchange. Now that Bitcoin has activated SegWit, Lightning's network technology should facilitate the creation of seamless cross-site swaps between the two cryptocurrencies. This will help ensure that Litecoin remains relevant in the long term, and will further promote innovation around the LTC network. Also Litecoin got a boost after BitGo, the leading company in the multi-signature technology, working with major Bitcoin exchanges and trading platforms, began supporting LTC