Litecoin (LTC) Overview
Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee. It was created based on the Bitcoin protocol but differs in terms of the hashing algorithm used. Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins.
Litecoin (LTCBTC) Chart Analysis
Litecoin chart:
Litecoin (LTCBTC) Trade Details
Buy-in: 0.006400 - 0.007020
Next support: 0.006080
Targets:
(1) 0.007580 -Reached 17-Sept. (+8.5%)
(2) 0.007980 -Reached 18-Sept. (+14%)
(3) 0.008480
(4) 0.009410
(5) 0.009980
(6) 0.010900
(7) 0.012380
(8) 0.014800
(9) 0.016280Profits potential: 133%
(Buy calculated at 0.006985)Stop-loss: Close weekly below 0.005200.
Capital allocation: <20%.
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