LTCUSD (Litecoin) – Week 38 – Messy middle for BITFINEX:LTCUSD by financialflagship

Despite the recent fake news involving Walmart partnering with Litecoin (LTC), the digital asset has still managed to have made over 950 millionaires, according to information on Over 816 Litecoin addresses, in particular, have more than $1 million worth of LTC in their wallets, with 136 addresses possessing more than $10 million in the cryptocurrency.

Interactive Brokers ( IBKR ), one of the biggest and oldest stock trading terminal, has launched spot Bitcoin trading in addition to Eth, Litecoin and Bitcoin cash . The service is currently limited to US customers and is offered through the Paxos Trust Company with it charging a fee of just 0.12% – 0.18% of trade value, depending on monthly volume .

Technically, on the 13th of September Litecoin made a spike to the upside that broke the local top of 232 USDT and then it reversed immediately. After this spike the price is still consolidating and staying in a trading range. This pair could retest the small support area marked on the chart before continuing higher or it could begin moving to the upside without this retest. We advise caution.

Trade with care.

Best regards,

Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.

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