Litecoin's position in the top 10 may be jeopardized as it continues to struggle on the market. Although the medium and long term prospects show that light is in sight, the present is less attractive. There was pressure from Cardano (ADA), who has gained 14% more than LTC in the last seven days.
Over the last 24 hours, Litecoin's value has increased by less than 4% and ADA has done well with 24 points% rally and a daily trading volume of $ 867 million compared to LTC $ 380 million over the same period. And that allowed Cardano to sneak into sixth place.
Litecoin traded on the Green during Saturday's Asian hours before blushing over the hourly and 24-hour charts in the afternoon. The coin recovered from the slide to climb above the -1
While market sentiment may fluctuate at any time in favor of investors, the Crypto bulls must consolidate their support $ 148 and try to push the $ 155 resistance line. If that achieves that and goes beyond the immediate resistance level, we could see that it will push for the next major resistance at $ 162 in the next few days. This must be done to keep the momentum positive.
No sadness at the moment!
It may seem bearish on a coin that clearly places itself in a strong position to seek mass adoption. The recent partnerships and related developments mean that the upward trend in LTC is the best option. It is expected that the extensive efforts to use LTC as the top P2P worldwide will be invaluable to cryptocurrency.
The cryptocurrency notes that "with significant industry support, trading volume and liquidity, Litecoin is (would be) a proven medium of trade that is complementary to Bitcoin."
The support is there to see them compete but that needs to be scaled to some extent to truly become the undisputed P2P payment currency. The LTC Foundation and the community would not settle for continuously measuring "this silver" against BTC as the standard carrier.
We should see a joint effort by Charlie Lee and the Foundation to make sure the network can support Super-almost and almost zero-cost in real life. TenX and TokenPay offerings highlight this platform, which should serve as a springboard for global integration.
Other developments have revealed that Litecoin founder Charlie Lee regrets selling all of his LTC coins. By the time he sold his entire LTC hold, Lee had said he would do so to avoid conflicts of interest. He wanted to concentrate on promoting and developing the cryptocurrency.
The revelation that he might have some sad moments came during an interview on Friday, April 27, 2018. Lee told Julian Hosp, co-founder of TenX, that he (Lee) on December 20, 2017, has a nagging feeling could.
In the interview that was streamed on YouTube, Charlie Lee says:
"I still think it was the right move, but I wonder if … I think in the long run it was the right step, but in the short term, while the price is below the all-time high, it just does not feel like it's the right decision, but I think if we move forward in five years, when the price is back to the all-time high, then I would think it would be the right move. "
It is true that the price of LTC has been going down since then. But as the face of the coin, Lee has cut out his work. He has to make sure that the fellowship never thinks back that day and thinks, "Wait, could not we have gotten out of the boat when the captain did it?"
Sometimes that's how it feels when the value drops. With a current value of $ 154.3 against the US dollar, Litecoin (LTC) is far from $ 375 in ATH reached in December 2017.