Market Watch :LTC/BTC bittrex
The cryptocurrency market has been static for some days now as there has been no major movement of price on the market trends as btc wasn't able to break the $12000 resistance hovering with $10900- $10050 until Sunday 22 of September when it broken $10000 still at $9750 as at 10am GMT, which has caused a flash dump in the price of Litecoin (LTC), It has been one of the coins enjoying the bullish movement of btc and is the 1st to suffer major dump as price slides more than 10% within 24 hours. RSI For 14 periods denotes over sold at 1hour price chart which signals price reverser also MACD for 10-20 period also shows marginal average intercepting moving average which also denote price reverser.
Although there are some similarities between BTC and LTC, you can’t define Litecoin without pointing out some key differences, such as instant and near-zero cost transactions, increased speed of adding a new block into the Blockchain (2.5 minutes against 10 in the Bitcoin network) and a scrypt usage in its Proof-of-Work process to make it easier for regular PC users to mine new blocks against ASIC miners. It is also one of the first cryptocurrencies that adopted SegWit.
Litecoin is hugely popular to this day, ranked sixth place on CoinMarketCap with a more than eight billion dollars market cap so yes it increase in price and am betting on the bulls.
Cointelegraph
Disclaimer: Do your own research before jumping into any investment better still consult a financial advisor.
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