Litecoin All of a sudden Litecoin CT r: 69 price hit $3.30 and reached the important level of $3.80 in a decent jump that would make traders happy. Just the day before, Litecoin gave no signs of getting to the price level of $3 and $3.20, but it did go up slightly to $3.50 and $3.60 and even reached $3.80! This is the same in all cryptocurrency exchanges and, of course, this dynamic could not last long. It’s similar to the pole vaulter — the jump won’t last long. So Litecoin price fell into the correction and returned to the familiar price level of $3.50-$3.70. Will there be any stops on the way to reaching $3.50? It depends on the behavior of Bitcoin CT r: 6 , as Litecoin follows its big brother – BTC , like a blind man with a dog. A sudden rise of the tensions between Russia and Turkey made stock markets nervous and most Asian capitals pushed Bitcoin up. As usual, China was leading this tendency but not for long as it began closing the trades when the Bitcoin price reached 2,400 yuan. Litecoin price is connected to the price of Bitcoin at a ratio of about 1 to 100, so it repeated the same maneuver but with the price at 100 times less. On the daily chart, both Bitcoin and Litecoin, when displayed as a "candlestick", we see the last day as a classic reversal pattern of "spindle" with long shadow both above and below: This morning showed a correction for the Litecoin price and the duration and depth of this correction is hardly predictable. The stock market is extremely harmful and nervous, especially when it comes to developing countries, and therefore Turkish, and Russian presidents will extinguish the "fire" in their exchanges. […]
