• The current buying and selling price of Lettercoin is 60.94 US dollars, down 1.76% in the past day

• Under the rising indicator, the composition will be integrated

• Investors should wait until it is above that level

Digital currency is now in the period of adjustment after the recovery of the field. Bitcoin and Ethercoin fell 3.8% and 1.92% respectively over the past day. LTC/USD fell 1.76% during the same period.

Founded in 2011, Litcoin is one of the earliest blockchain technologies in China. It is derived from Bitcoin, as a work unit to prove the improvement of the Internet. The website has faster plot time and more dynamic password supply, with strong scalability. It also applies Scrypthash algorithm to reduce energy consumption.

Although LTC is a hard fork of Bitcoin, it cannot establish a recovery similar to Bitcoin. Compared with 25% of BTC, LTC has only increased by 4% in the past month. This takes into account the very large difference in the total market value between the two. Although Bitcoin's valuation is $454 billion, LTC's company valuation is only $4.3 billion.

At this stage, LTC/USD changes hands at the price of 60.94 USD. Its trading volume fell 17.39% to close at USD 437281262. In addition to the dynamic price and trading volume, LTC also has an extremely important technical level to consider.

LTC tamped at the friction resistance level of $61

From: TradeView

According to the daily curve above, LTC has tamped down the friction resistance of about $61. Since June 25, attempts to raise the level of tokens have been restrained three times. Even so, the chart shows that the performance indicators are biased towards double heads, and tokens are likely to improve this level.

RSI is currently 55. Although the value of momentum can be interpreted as neutral, more investors choose to buy tokens rather than sell tokens. MACD is located on the power line, and the bar graph is emerald green. However, investors should be more patient until the token increases friction resistance.

Essentials

Lite coin has a strong foundation in terms of efficient and faster buying and selling speed. Under the strong upward trend, its original LTC token has been tamped at a very important pressure level. Propose to wait patiently until the token elimination level.