LTC dropped an 8 percent fall on the weekend ending September 1 according to Bitfinex figures, with a decline of 3.17, 15.10 and 5.74 percent over the past three weeks.
It is the longest losing line in August 2018. The 4-week decline in August 2018 by LTC resulted in a high and low clock in the sum of 85 dollars, respectively or 49 dollars, which contributed to values falling by 42%. Digital currency in August 2018 had decreased every four weeks, with 5th largest market capitalization.
LTC decreases from $107 to $62 over the last four weeks – another 42%. On 5 August, the price drop was halved after the Litecoin premium cut. It should be remembered. This is not surprising, because in the first 3 months of this year the Cryptocurrency price has fallen 100 percent. In comparison, LTC has managed to rise 123 percent year on year due to the recent downturn.
Taking a deep view
Looking at EMAs, the EMAs last 50 days and EMA is at an annoyance. There are twenty days until EMA. Instead, this week LTC attempted last week to correct this trend with its EMAs by lowering its price to under 200 days of EMA. This indicates early signs of weakness, considering the fact that LTC still traded about 55-$57 dollars over a large level of support.
Last week, I reported that I could not forecast the LTC price without reversing the EMAs. In addition, the amount has to be pumped, which is evidently eventually happening. At current, this is equivalent to $4 billion, a 23% increase from last month, which is unparalleled.
Finally looking at the volume profile, Litecoin Price could face $72-$75 resistance and about $90 once again.
Litecoin price has recently targeted a complete programme on ‘Magic Crypto Buddies,’ available on YouTube with Charlie Lee, the founder of Litecoin. The exhibition discussed the most critical cultural discussions. From Litecoin to new ads for creation as a value store. Lee said the initiative also increases anonymity. The Litecoin Development Team cooperates with the Mimblewimble Protocol, particularly the developers behind Greim, to implement the data protection protocol on the theoretical basis in the extended block.
The Litecoin price was written by Charlie Lee, a former Google employee in October 2011. A little block generation time was the greatest difference. There had become a bitcoin clone. There has also been a spike in the number of coins and a separate script algorithm that has been proposed. You can get the latest price of Litecoin and other information at https://www.webull.com/newslist/ccc-ltcusd.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.