Today morning starts with a good hope again for Litecoin price and also for all Cryptocurrencies. All coins are moving upward with green sign from top to bottom except few coins. Litecoin value started to rise and now Litecoin is being traded at $162.98 USD with 5% increment. No extra or new Litecoin news is the reason for this price increase.
On Wednesday, cryptocurrency market started to drop from $377 billion to $309 billion on Thursday. There are many reasons behind this drop, some experts says it was impact due to Google crackdown on Cryptocurrency advertisements. Although, some news of raids on three South Korean Exchanges was the hot topic on internet, has also played a role in price drop.
From November 2017, a continuous drop observed in the market after some FUD, cryptocurrency regulations and cryptocurrency banning news. Still market not recovered, however in the first week of March, bitcoin price increase observed and bitcoin price hit to the value of around $11,700 USD. At that time all other cryptocurrencies were at the same level, however Litecoin was fighting to survive its position in the market.
At this stage, Litecoin needed to join the more exchanges to increase its supply volume in the market. This should be the main agenda of Litecoin team to join partnerships with big brands and financial institutions to grow business. Litecoin has the best features and has the potential to fulfill the market requirements. Like all cryptocurrencie, Litecoin also dropped more than 50% but Litecoin is one of the coins which have potential to recover. As said, it just needs to join more exchanges.
Litecoin Price Analysis
On March 15, 2018 Litecoin market opened at $161.20 and closed at $164.48. Yesterday according to coinmarketcap, the Litecoin price touched the high value at $167.33 and the lowest point was $151.48. Today Litecoin is being traded $162.98 with 5% increment as compare to last 24 hours. Litecoin has a strong line to touch $166.75 and the lowest supporting line is near $158.05. Litecoin value has to maintain above lowest supporting line, otherwise it can drop to $154.85. For short term trading you have to wait for lowest value to buy Litecoin.
Note: Please be careful while investing in crypto, it has a risk factor. These price analyses are based on Litecoin Chart and market analysis. We never guarantee the Litecoin price ups and down values.
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