Bitcoin is down by 1.5 percent compared to one week ago.Its little brother Litecoin is down by a much larger 14.9 percent and has finally ended the rally.Bitcoin Down $27 Dollars Bitcoin is trading lower by $27 dollars compared to last Tuesday.One coin is selling for $1,664 dollars on FXOpen right now.On the chart above we can see that prices have largely remained in a range during the past seven days.However, volatility was high.During this timeframe, a high of $1,799 was hit as well as a low of $1,583.While we’re only down by 1.5 percent since our previous article, the percentage swing high to low was 13%.The trend remains up and to end it the Bears will have to push prices below $1,420 on bitcoin forex broker FXOpen.A new downtrend requires a move below $1,268 dollars per coin.If you’re not already in a position, entering right now is not advised.The high volatility experienced during the past week is set to continue.Any positions entered at this stage have to be sized small, thereby greatly reducing the potential return.

Below current prices, the first cluster of support levels can be found at $1,583, $1,591 and $1,600 dollars.A clearing of this support area could extend the move downward toward the $1,500 round figure and possibly even to $1,300 dollars per coin.On the long-term charts (weekly and monthly) BTC/USD remains in rally mode.Litecoin Rally Ends After two months and experiencing a nearly nine-fold increase in prices the LTC rally is finally over.bitcoin richestPrices peaked at $36.25 on May 10th and it’s been red ever since.bitcoin creator hackEarlier today a low of $20.88 was hit, then Litecoin bounced a bit and is currently quoted at $22.96 dollars.butterfly bitcoinWe’re now in neutral mode on the short-term (daily) charts.ethereum 1000 usd

A new downtrend requires a break below the $13.33 swing low while a new uptrend needs a breakout above the three-year high at $36.25 dollars.Support levels can be found at $20.88 (weak) followed by the $20 round figure and the previous resistance now turned support area around $15.75-$16.00.A clearing of this area could lead to more LTC losses Above current prices we have weak resistance at the $25 level, followed by the $29.30 swing high and the $30 round figure.bitcoin oggiThis month’s high at $36.25 should act as strong resistance to rising prices.ethereum public key to addressOn the longer-term charts (both weekly and monthly) Litecoin is still bullish.bitcoin bowl twitterWeekly: The future has never been brighter for , but the market is very overheated right now.hourly bitcoin sites

To me, the chart is telling us it's time for a few weeks (months?)of cool down before a new market can begin.Related Ideas about LTCUSDThere is a lot of excitement among Litecoin community members right now.The value per LTC continues to increase steadily despite some minor pushbacks.With SegWit activation within reach, it will be interesting to see how this situation evolves.Some people predict Litecoin will hit US$50 soon, although there is still a long way to go.get bitcoins on silk roadThe past few weeks have been quite intense for Litecoin users, to say the least.After signaling for , it seemed like Chinese mining pools would oppose the scaling solution.As a result, the hashrate and support of Segregated Witness went down a bit.However, an agreement was reached among mining pool operators to jointly signal for SegWit moving forward.This translates to 79.06% of blocks signaling support as of right now.

What Does The Future Hold for Litecoin?Keeping in mind how the network needs 75% support to activate SegWit , things are looking good.In fact, it will take a few dozen more blocks to effectively achieve “locked_in” status.Once that threshold is achieved, it will take another activation period before SegWit becomes active on the network.At this point in time, that is only a few short days away.By early May, things will be looking very different for Litecoin, to say the least.All of this positive attention reflects on the as well.Earlier today LTC surpassed the US$16 mark briefly before retracing to US$15.2.This is still litecoin’s highest value since March of 2014.It is evident people who thought litecoin was down and out need to start looking at things from a different perspective.Although it is difficult to make an accurate price prediction right now, some experts claim LTC may hit US$50.It is good to see Litecoin succeed where Bitcoin is failing right now.Mining pool operators can together to meet the demands of the community.

Such a thing seems highly improbable where Bitcoin is concerned right now.Although it seems unlikely LTC will overtake BTC anytime soon, things will get very interesting moving forward.A successful SegWit activation for Litecoin could have an effect on the bitcoin network too, though.These are exciting times to be involved in cryptocurrency, that much is certain.A litecoin mining pool seemingly pulled the plug over the weekend, stoking accusations of theft and fraud.WeMineLTC, according to posts on social media yesterday, closed down their website and shuttered their Twitter account without explanation.Mining is an energy intensive process by which new transactions are added to a blockchain, with new coins minted as a reward.Previous social media posts pointed to a growing host of problems at the mining pool.Last week, a WeMineLTC user took to Reddit and reported that the site had disabled manual payouts, stymying their attempts to withdraw.A post on BitcoinTalk indicates that at least some users began experiencing login issues in late March.