Litecoin is going down...but FOR SURE NOT FOR LONG
Hello to every crypto enthusiast here!
Wanna talk about LTC today, one of our top crypto at the moment, but unfortunately not delighting the community today.
Litecoin lost over 5% in the recent 24 hours. A strong sell-off on the cryptocurrency market dragged the 8th largest digital asset down, creating a short-term bearish trend. LTC/USD hit $37.12 on the Christmass eve and shortly spiked above DMA50 for the first time since November 6. Litecoin's market value is registered at 1.79B and average daily trading volumes 463M.
However, The Litecoin Foundation has partnered with Ultimate Fighting Championship (UFC), one of the leading mixed martial arts organizations, in a deal to promote the cryptocurrency. I believe that the released news will attract more users to the LTC network and will effect in a good value.
Now, LTC is at the red zone but I am sure that overall attention around LTC network initiatives will slightly move it to the green zone.
Cannot expect the price raised during next 24 hours based on the latest trend and overall down of other altcoins. I believe the price range is going to be $26,8-27,5
Wanna talk about LTC today, one of our top crypto at the moment, but unfortunately not delighting the community today.
Litecoin lost over 5% in the recent 24 hours. A strong sell-off on the cryptocurrency market dragged the 8th largest digital asset down, creating a short-term bearish trend. LTC/USD hit $37.12 on the Christmass eve and shortly spiked above DMA50 for the first time since November 6. Litecoin's market value is registered at 1.79B and average daily trading volumes 463M.
However, The Litecoin Foundation has partnered with Ultimate Fighting Championship (UFC), one of the leading mixed martial arts organizations, in a deal to promote the cryptocurrency. I believe that the released news will attract more users to the LTC network and will effect in a good value.
Now, LTC is at the red zone but I am sure that overall attention around LTC network initiatives will slightly move it to the green zone.
Cannot expect the price raised during next 24 hours based on the latest trend and overall down of other altcoins. I believe the price range is going to be $26,8-27,5
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