Bitcoin-Ethereum-Litecoin-Blockchain : Le Crypto Rapport du 21 au 28 Octobre 2017.
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Litecoin weekly price analysis 25 August: Value slips slightly, LTC summit announced
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The alternative coin's value retracted marginally over the last week, while trading volumes also dipped.
Litecoin's price has fluctuated mildly over the past week, falling slightly week-on-week.
The not-for-profit Litecoin Foundation is having its first Litecoin Summit in San Francisco next month.
Litecoin To Aud Converter
On Monday 20 August, the coin hit a weekly low of US$54.00. There was a notable price recovery that occurred on Tuesday 21 August and Wednesday 22 August that saw Litecoin's value jump to US$58.69.
However, the hike didn't last long and the token quickly reversed any gains made. By Thursday 23 August Litecoin's price was back down at US$54.38. From there it has steadily been gaining momentum, rising in value and, at one point on Friday 25 August, the
At the time of writing, the Litecoin token was valued at US$57.85.
24-hour trading volumes dropped from US$263 million to US$201 million over the last seven days.
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analyst Florian Grummes suggests that, from a technical standpoint, a drop towards support between US$42 and US$52 is "likely", given that the crypto trading space remains in the grips of a bear market.
Ken Chigbo confirmed that LTC/USD has been in a "firm bearish trend" since the latter half of July. The token has lost more than one third (37%) of its value since then, slipping from US$90 down to its current price of US$57. It's unlikely that this trend will shift anytime soon, according to the current weekly candle.
The Litecoin Foundation will host the first ever annual
in San Francisco, California next month. The event will run from 14 to 15 September at the South San Francisco Conference Center, near the airport.
Special guests include Litecoin creator Charlie Lee, Lightning Labs chief executive Elizabeth Stark, Abra chief Bill Barhydt, Gemini vice president engineering Eric Winer, Blockchain expert Naomi Brockwell and many more. Discussions will focus on scaling solutions via the Lightning Network; sidechains, smart contracts and RootStock; the need for non-custodial wallets; venture capitalist approaches; and practical crypto tax tips.
This information should not be interpreted as an endorsement of cryptocurrency or any specific provider,service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex andinvolve significant risks – they are highly volatile and sensitive to secondary activity. Performanceis unpredictable and past performance is no guarantee of future performance. Consider your owncircumstances, and obtain your own advice, before relying on this information. You should also verifythe nature of any product or service (including its legal status and relevant regulatory requirements)and consult the relevant Regulators' websites before making any decision. Finder, or the author, mayhave holdings in the cryptocurrencies discussed.
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