Crypto News | Litecoin fell 10 percent

The first news in today’s review we’d like to highlight is the change in price of litecoin. Litecoin is one of the most important cryptocurrencies – it’s capitalized at $13 billion and in the last 24 hours almost $2 billion in LTC tokens were traded. Majority of these transactions took place on the Hong-Kong based OKEX exchange. As for the price, litecoin fell 10 percent and it reached a session low of $228, but almost immediately rose to $240. If we take a look at litecoin’s price in the last couple of days, we can notice that it fell 20 percent, which is equivalent to a nearly $60 decline. Although litecoin fell 10 percent, we think that it makes sense to enter the litecoin trade. It’s one of the oldest cryptocurrencies – it has been around since the early days of this type of trading, and in the last couple of months it has gained the reputation of an emerging coin. We would also like to remind you that some big players have also entered the litecoin game. For example, mBit Csion, the online gambling website, supported litecoin.

As for the other cryptocurrencies, bitcoin has a strong support at the trendline and most analysts think that the bulls will attempt to recover. Its price is now $16,494.53. According to experts, ethereum will probably begin to fall these days, so it also might be the right time to react.

In other news from the world of business, we’d like to underline the situation on Wall Street. As we can see from the latest statistical data, the market has shown strength despite tensions in North Korea and political instability in Washington. Nasdaq 100 e-minis NQc1 were up 18 points, and U.S. oil prices hit their highest since mid-2015. Shares of Schlumberg were up 0.8 percent and Exxon rose 0.1 percent.

MAKE THE RIGHT INVESTMENT WITH US
Author's overall rating:
Author: Max Rothstein
Updated:

RISK DISCLAIMER
BinaryOptionsTrading-Review.com has taken reasonable measures to ensure the accuracy of the information in the website, however, does not guarantee it. The data exhibited in this website is not necessarily always real-time or completely accurate; this includes market analysis, forecasts, signals, assets’ price quotes and charts. Readers should not treat any opinion expressed by the authors of BinaryOptionsTrading-Review.com as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of their current opinion. The risks involved in trading binary options are high and may not be suitable for all traders. BinaryOptionsTrading-Review.com doesn't retain responsibility for any losses readers might face as a result of using the information presented in this website. This website is owned by Next Media Corp.
In accordance with FTC guidelines, BinaryOptionsTrading-Review.com has financial relationships with some of the products and services mentioned on this website. BinaryOptionsTrading-Review.com may be compensated if consumers choose to click links in our content and ultimately sign up for mentioned products.