Litecoin Market Report: $LTC Tanks as Bitcoin Melts Down

Brief:


A falling bitcoin price has pushed down the value of alts and Litecoin along with it. Litecoin is down -7.93% in 24 hours, down -23.76% on the week and up 5.21% on the month on a last price of $136.37. The Litecoin marketcap is $7,704,927,228 with a circulating supply of 56,500,163 $LTC. $LTC/USDT is trading between a 24hr high of $144.47 and a 24hr low of $130.32 on a 24hr Binance volume of $14,392,000. This trading volume is moderate. The weekly price trend is down.

Last price

136.37 $LTC/USDT

$USD

last price $ 136.37
one week ago $ 178.86

Price change

Price change is the $LTC percentage change within the period:

period change
day -7.93%
week -23.76%
month 5.21%

Volume

Volume

$LTC 24 hour volume
USDT $14,392,000
all $LTC currencies $431,885,000

The 24 hour volume for $LTC/USDT on Binance is $14,392,000. This volume weight is moderate when compared with Binance daily trading levels for $LTC over the last month.

The total 24 hour volume for all reporting $LTC markets is $431,885,000.

Market Share

The Binance currency pair $LTC/USDT is 3.33% of all $LTC traded in twenty-four hours.

Top $LTC Pairs
Tap / click for detail:

Remarks

A falling bitcoin price has pushed down the value of alts and Litecoin along with it. Litecoin is down -7.93% in 24 hours, down -23.76% on the week and up 5.21% on the month on a last price of 136.37. The Litecoin marketcap is $7,704,927,228 with a circulating supply of 56,500,163 $LTC. $LTC/USDT is trading between a 24hr high of $144.47 and a 24hr low of $130.32 on a 24hr Binance volume of $14,392,000. In moderate volume trading the weekly trend is down.

Crypto media suggests that the Tokyo Dumper – trustee for disposal of Mt. Gox assets – dumped almost 2,300 BTC in two days thus pushing the price down. In fact the 24 hour BTC market on the same day was 945,583 BTC (@coinmarketcap). It is difficult to conjure up a correlation with such disparite numbers.

Other reports point to negative market impact of South Korean Upbit.com under investigation. Based on international news reports of South Korean corruption, and illicit activities of South Korean officials, it is the government officials who should be under investigation, and not the exchange.

One Year $LTC Chart

$LTC One Day Candles

Browse Litecoin Collection

Learn about the unique characteristics of $LTC. Browse our collection of Litecoin Market Reports.

Saturday May 12 2018 Bitcoin Background

Altcoins such as Litecoin ($LTC) may show a relationship with Bitcoin ($BTC) which changes with the alt, bitcoin and market conditions:

24 Hours of Bitcoin
24 Hours of #Bitcoin
-2.69% price $8,398.38
vol $7,064,820,000
mktcap $143,022,412,586
17.03M #XBT 18:57
http://kittybitcoin.com/bitcoin/24_hours_of_bitcoin.php

XBTLivePriceTM

Yesterday

Altcoin Market Reports
We publish topical Market Reports on many altcoins. Browse our extensive collection of Altcoin Market Reports.

NEW! KittyBitcoin Feature: Top % Cryptocurrency Gainers and Losers
Two new trading tools are available showing the Top % Cryptocurrency Gainers and Losers:

Includes aggregated data updated every five minutes from all major cryptocurrency exchanges:

http://kittybitcoin.com/cryptocurrency/

Highlight Chart

Tap / click to enlarge:

A falling bitcoin price has pushed down the value of alts and Litecoin along with it. Litecoin is down -7.93% in 24 hours, down -23.76% on the week and up 5.21% on the month on a last price of $136.37.
A falling bitcoin price has pushed down the value of alts and Litecoin along with it. Litecoin is down -7.93% in 24 hours, down -23.76% on the week and up 5.21% on the month on a last price of $136.37.

Data sources

Main Data Source

Binance is the main data source for this report. The One Day Candles chart, highlight chart, and digital asset numeric trading data are from Binance.

Secondary

CoinMarketCap is the secondary data source for this report. The One Year Chart, cryptocurrency rank, token circulating supply, and daily market share are sourced from CoinMarketCap.com.

Tertiary

XBTLivePriceTM and 24 Hours of Bitcoin are fine data products from KittyBitcoin.com

Other sources are credited where used.

Market capitalization

Market capitalization is the total $US dollar value of the Litecoin market calculated using the formula:

market cap = ( circulating supply x last price )
Market cap $ 7,704,927,228
Circulating supply 56,500,163
Last price $ 136.37

Daily High Low

daily high 144.47 USDT
daily low 130.32 USDT

Trend

The weekly trend is down.

trend is DOWN

Trend is "down" when the weekly price movement is predominantly downwards.

Resistance

Resistance is the highest price within the period:

period resistance
day 144.47 USDT
week 184.98 USDT

Support

Support is the lowest price within the period:

period support
day 130.32 USDT
week 130.32 USDT

Market sentiment

Market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

A falling bitcoin price has pushed down the value of alts and Litecoin along with it. Litecoin is down -7.93% in 24 hours, down -23.76% on the week and up 5.21% on the month on a last price of $136.37. The Litecoin marketcap is $7,704,927,228 with a circulating supply of 56,500,163 $LTC. $LTC/USDT saw weekly resistance at $184.98 USDT and weekly support at $130.32 USDT. Market sentiment is bearish. The weekly price trend is down in daily moderate volume trading.

Cryptocurrency Storage Safety

Don’t RISK your crypto on an exchange. Use a COLD STORAGE bitcoin safe from Trezor.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Saturday May 12 2018 17:50 hours UTC. Contact KittyBitcoin to request custom reports. Share your thoughts with @KittyBitcoin on Twitter.

Bitcoin & Ethereum

Thanks for reading! 🙂

Tags

Litecoin, $LTC, USDT, Binance, Market, Report, $LTC/USDT, altcoins