Litecoin Technical Price Analysis(Oct 28th)

Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license.Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.


Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011 With Litecoin (LTC) improvements in the market, it seems the digital coin is on the rise recording upward value for the past few days showing no sign of holding a break. That is the main reason why many investors and traders are looking into the virtual currency to try and predict its prices before this year ends. It is important to understand that Litecoin (LTC) is far more familiar to Ethereum and Bitcoin than one could expect. Only by understanding their attributes and features is when you will be able to predict its value and price easily (and close-to-perfect).
Litecoin is on its way up with signs of getting higher prices against Bitcoin (BTC) and the US dollar.
 
The currency is facing a lot of resistance at the 77 US dollar mark.
Right now, Litecoin (LTC) is exchanging at 74.9 US dollars after a price appreciation of 1.09% over the past 24-hours. With respect to this, Litecoin boosts of an impressive $4.32 billion worth of market cap with a trading volume of over 271.6 million over the past one day.
With the way the stock is plummeting, I would advice a quick buy as the currency is heading to the zenith.

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