Please Confirm Two-Factor Authentication Need some help?Bitfinex is the world's largest and most advanced bitcoin trading platform OPEN ACCOUNT VIEW DEMO Read More Read More Read More Read More Read More Read More Visualize your orders, positions, and price alerts Drag to change price Tap to modify order properties See your position profits TradingView Stay Connected We've created the mobile tools youneed for trading on the go.View Bitfinex API Documentation 24 hour 7 day 30 day BTC/USD 8,113.07 115,182.46 714,119.85 ETH/USD 25,357.52 593,482.22 4,099,811.11 ETH/BTC 43,301.14 488,606.22 2,043,083.27 ETC/USD 93,501.22 2,094,120.71 13,952,979.86 ETC/BTC 36,007.72 1,075,427.51 6,857,464.41 ZEC/USD 1,292.54 27,672.22 214,743.41 More market data Total active funding Amount used in margin pos.

USD 67,703,213.19 67,381,960.01 BTC 14,216.57 14,184.68 ETH 352,193.68 351,369.61 ETC 40,297.12 39,595.31 ZEC 12,126.26 11,714.24 XMR 39,310.72 39,243.06 LTC 107,892.09 106,578.31 DASH 54,722.50 54,385.40 More market data Start trading within minutesDiscover the world's largest and most advanced bitcoin trading platform now.Open Account VIEW DEMOLitecoin Price Trend Follows Bitcoin Aug 04, 2016 at 09:14 // Price Because of the hack of the Bitfinex exchange on August 2, all cryptocurrencies this week fell.Litecoin’s price fell to the lowest level of the month, but a day later it began recovering as did the other cryptocurrencies.Bitfinex problems brought down the price of Bitcoin first.This gave an impetus to the growth of Litecoin that can be seen on the seven-day chart below, but then LTC began to return to its original position.LTC/BTC  exchange rates for last 7 days: Currently, the Litecoin price is $3.75, which is the minimum price over the last 30 days.

But the collapse on Bitfinex alone can’t cause the global long period of decline of cryptocurrency prices.This is a temporary technical factor.Panic, which lasted exactly one day, was over by August 3.moon bitcoin redditBut we can’t talk about the resumption of growth either.bitcoin price plnLTC/USD  exchange rates for last 7 days: As practice shows, any unexpected factors can cause sharp rises in prices and sharp declines in cryptocurrencies, including Litecoin, and these factors are almost impossible to predict.bitcoin wallet windows phone 8In January, the performance of Mike Hearn brought down Bitcoin and altcoins.bitcoin ticker gadget

Now we face a problem with safety on Bitfinex.Gradually investor confidence returned and growth begins again.Note that the maximum price of Litecoin in the past two months was $5.67 and Litecoin is capable of reaching it again.bitcoin criminal activityLTC/USD  exchange rates for last 50 days: Today we expect LTC to attempt to reach $3.75 - $3.8, which is currently the area of ​​interest to traders.bitcoin paper wallet printerThe resistance level is $3.8 and the level of support is $3.65.circle bitcoin american expressA break through the resistance level will open Litecoin’s price all the way to $3.9 and $4.0.bitcoin merchant posThis will be possible primarily due to the general rise of prices for all cryptocurrency.bitcoin mining hardware amazon

This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency.0 0 0 0 Send to Mail 0 0 0 0 Send to Mail Apr 20, 2017 at 21:21News Aug 12, 2016 at 15:54Price Mar 19, 2017 at 21:55News Jun 19, 2017 at 17:35News Jul 22, 2016 at 10:00BlockchainBitfinex allows for users to trade with up to 3.3x leverage by receiving funding from the peer to peer margin funding platform.Users can enter an order to borrow the desired amount of funding at the rate and duration of their choice, or they can simply open a position and Bitfinex will take out funding for them at the best available rate at that time.For more information on our Margin Trading feature, please go to How It Works.The margin funding market provides a way to earn interest on US Dollar, Bitcoin, Ethereum, Ethereum Classic, Zcash, Monero, Litecoin, and Dash by providing funding to traders wanting to trade with leverage.

Users can offer funding at the rate and duration of their choice, or they can simply lend at the FRR (Flash Return Rate).In addition users can use our Auto-Renew feature to renew their offers automatically upon expiry.For more information on our Margin Funding feature, please go to How It Works.Bitfinex is now trading at a significant premium from other western exchanges with such huge gaps usually not seen for more than a few hours due to the considerable arbitrage opportunities it offers.One bitcoin is currently trading at around $1,320 at Bitfinex, while on Coinbase and Bitstamp, bitcoin’s price is at around $1,250, near its all-time high.The last time such gaps were seen for a lengthy period was shortly before MT Gox announced bankruptcy in 2014.Then, the exchange was trading at a premium of around $200 as traders could not deposit or withdraw fiat currency.Bitfinex recently announced they have been blocked out of the banking system, unable to accept deposits or process withdrawals in fiat currencies.

The only way out is by buying bitcoin and sending the currency to a cold wallet or to other exchanges.Some are suggesting arbitrage opportunities, which might explain the recent overall rise of bitcoin’s price in all exchanges.However, the buying pressure on Bitfinex appears significant, thus the exchange continues to retain a considerable premium.If the exchange can account for all of its customers’ bitcoins and other digital currencies, then it should be able to process all bitcoin withdrawals, but they were hacked last year out of some 120,000 bitcoins.Therefore, it is not very clear just how many bitcoins they contain in their cold wallets, nor is it clear how these cold wallets are stored.The situation appears very similar to MT Gox, the then biggest bitcoin exchange.They were cut-off from the banking system, leading to a premium of some $200.Eventually, they were unable to process bitcoin withdrawals as the exchange was seemingly running on fractional reserves.Users began complaining about bitcoin withdrawal delays from MT Gox around December 2013, with the complaints getting much louder in January and then February, when the exchange announced they were insolvent.