Charts Market capitalisation Total Bitcoins In Circulation Bitcoin price chart Litecoin price chart Total Transaction Fees Number Of Transactions The graph above shows changes in Litecoin’s exchange rate to the U.S.Taking into account the fact that the price of a cryptocurrency is set by the supply and demand equilibrium, Litecoin is a true functional currency.One can observe the relationship between the rise and fall of Litecoin’s exchange rate to Bitcoin.This behavior is similar to the correlation between gold and silver.When one speaks of a cryptocurrency, most people will think of Bitcoin.However, there is also Litecoin, which currently has the second highest capitalization among all existing cryptocurrencies.One of Litecoin’s main advantages is the rate, at which a new block is generated.Complexity is selected to have a new block generated every 2.5 minutes, which is four times faster that the rate of generating a new block of Bitcoin.It is expected that investments will soon flow into Litecoin in much the same way it happened with Bitcoin.

Investors began to note Litecoin’s potential given that, over its lifetime, the price of Litecoin has been 2-5% of Bitcoin’s value.For example, when Bitcoin was at $1,110, Litecoin’s price was $43 or about 4%.Today, the price of Litecoin is 2% of Bitcoin’s price.In the long run, Litecoin’s exchange rate is expected to climb due to a rise in Bitcoin’s exchange rate and an increase in the cryptocurrencies’ ratio of up to 5% as it happened in November 2013.At this stage, Litecoin is one of the best options to earn money via cryptocurrency speculation.Through our exchange, you can buy Litecoins right away!Log in Email Password Captcha ?One time password Forgot password Email Captcha Account Your nickname: Post link to a profile to a social network YesNoAlthough the scaling and block size debate continues, this week the bigger focus has been on the halting of withdrawals and deposits of USD from various bitcoin exchanges, most notably Bitfinex and OKCoin.

Many of the exchanges are still able to process USD, but are having a harder and harder time doing so due to an unfriendly regulatory milieu.Further explanation and breakdown of the restrictions can be found here.Despite all of this, the bitcoin price has continued to rise this week with divergences in price among all the USD exchanges.At present, there is a $57 differential between Bitfinex and Bitstamp, which is unusually high.Normally, large price differences are smoothed over through arbitraging, when an asset is bought or sold on one exchange and bought or sold on another exchange for profit.When arbitraging does not occur, or is unable to equalize the price, there is likely an artificial supply or demand bottleneck accounting for the differential.Knowing that Bitfinex is having trouble processing USD means that in order to leave the exchange, you must first buy a digital currency and move the money off.For most people, this is just easier than dealing with the current USD restrictions.

Although it’s unlikely the bullish move is entirely due to users exiting the exchange, it likely plays a role and may partly explain why Bitfinex’s price is so much higher than the other exchanges.litecoin mining old computerThe other unknown is why Bitstamp’s price is running so much lower than all the other exchanges.bitcoin mt gox closeGDAX, a regulated U.S.tor bitcoin vulnerabilitybitcoin, ether and litecoin exchange, probably has the fewest USD supply/demand variables because of the ease with which they are able to process USD.bitcoin kopen 2017If USD held per exchange was viewable, this would help assuage the concerns that exchanges may choose to halt the USD trading pairs entirely, but this metric is likely not available to the public.bitcoin mining header

All of this occurs in a Core vs.Miner and node support has remained essentially unchanged since last week.Node support for the SegWit user-activated soft fork (UASF) has remained unchanged as well.On higher time frames, the USD exchanges are currently showing a bullish MACD (moving average convergence divergence) cross on the histogram, which has historically been a bullish entry signal in the current trend.bitcoin zahlungsmethodeMACD is a momentum oscillator, similar to RSI (relative strength index).china bans banks from bitcoin transactionsThe MACD histogram measures the distance between the MACD line (blue) and the signal line (white).bitcoin consultant londonSince the trend began in 2015, these lines have essentially stayed above 0 and have crossed and recrossed several times.bitcoin widget apple

Prior crosses on Bitfinex have yielded the following from cross to price peak:Even with a high time frame MACD cross, price remains range bound until it is able to break the previous ATH.There are two potentially active bullish chart patterns, the cup and handle and the inverted head and shoulders, with measured moves of ~$1,550–1,600.The shapes of both patterns are admittedly far from textbook but follow all the necessary rules of the patterns, mainly a descending volume profile.Expect a large spike in bullish volume once price breaks the horizontal resistance to confirm the breakout for both patterns.Lastly, like it or not, the price of gold remains a very real resistance target for bitcoin.Several Bitcoin exchanges have halted USD deposits and withdrawals but are still processing digital currency as normal.These exchanges also have other avenues to deposit and withdraw in several other currencies.Miner and node support for both SegWit and Bitcoin Unlimited (BTU) has remained largely unchanged since last week.A high time frame momentum oscillator has turned bullish.