Litecoin, like other cryptocurrencies, has been affected by the crypto market crash in recent weeks. Despite being below the expected price, litecoin shows strength building for possible rally.
Litecoin was trading at $77.01 on June 18, 2023, again showing a decline in the price of the cryptocurrency. Litecoin responds in a similar way to the market as bitcoin, the falls and rises are intertwined, which sounds quite logical since litecoin is a fork of bitcoin.
The data also shows that there is an increase in the accumulation of coins, this means that the purchase that has been seen in the data, can translate into how the holders are waiting for a better moment to get out of the coins.
Litecoin price in the last 30 days – Source: TradingView
Furthermore, it can be seen that the moving average for the last 20 days has closed above 76.97 dollars, surpassing the barrier of 50, 100 and 200 that closed at 76.84, 76.44 and 76.49 respectively.
The volume of transactions is positioned above 270 million dollars, after having reached one billion dollars on June 10. The data also shows that only 12.2% of the total litecoin cryptocurrency is in the possession of the whales.
Litecoin is likely to experience a further price rally in the following weeks, struggling to break above $79 first and then must break the $83 barrier.
However, it is necessary to remember that the crypto market is volatileand it is possible that sales pressure will continue to lower the price even more reaching the barrier of 50.65 dollars that touched them on November 9, 2022 as the nearest lower band.
Now, these are the data that globally affect the price of cryptocurrency. We need to refer to the main Latin American markets to verify how the behavior is in the region.
In this way we begin the tour of Argentina, where there is a relevant variety of platforms for the purchase and sale of cryptocurrencies.
At the time of writing this note, in Argentina LTC was quoted at a price of ARS 38,397.26 on average, according to the 4 portals taken for the writing of this note.
We started the list with Ripio, where the LTC price was located for purchase at a value of ARS 38,894.5 and for sale at a value of ARS 36,643.52 with an upward variation of 0.6%.
Likewise, Satoshitango offered the possibility of buy LTC on your platform at a value of ARS 39,818.60 and for sale at a price of ARS 37,770.49 showing a higher recovery variation of 1.09% on the portal
For its part, CryptoMarket offered for the purchase of LTC at a price of ARS 37,144.97, with an increase in its price of 1.61%. Bitso, for its part, offered the LTC price to ARS 37,731.00 with an appreciation of 0.80%.
In Brazil, the price of LTC is found an average of BRL 385.37based on the platforms listed below.
We started the tour with CryptoMarket, which quoted the price of the asset at BRL 377 for purchasewith an increase of 1.75%.
In the same way, Ripio showed the price of buy for LTC at BRL 395.82, and for sell BRL 360.48with an increase of 1.22%.
On Satoshitango, the LTC price was quoted for purchase at BRL 392.81 and for sale at BRL 378.76 per unit, with an increase of 1.10%. Bitso also offers its services in the South American giant, and the portal indicated the price of LTC at R$375.85 with an appreciation of 1.47%.
In the southern country, the price of LTC, on average, was around CLP 61,631.54according to the data provided by the main portals that operate with the cryptoactive taken for this note.
In this way we began the tour, in Chile CryptoMarket showed for the purchase the price of LTC in CLP 61,766 with an approximate price increase of LTC to 1.31%.
In Satoshitango, LTC was trading at CLP 62,209 for purchase, and for sale at CLP 59,992, with a positive variation of 1.00% in the value reflected in the portal. Now, on the OKX platform, the price of LTC is displayed at a value of CLP 61,330.70 with a depreciation of 0.39%.
Coinbase for its part, reports that the price of LTC is CLP 61,220.48 with an increase in its price close to 1.25%.
In the New Granada country, the price of LTC was located at COP 319,507.35according to the portals that we have taken for this note.
Various platforms operate in Colombia, including Coinbase, and on its portal it was possible to see that the value of LTC has appreciated by 1.52%, which has led to a position in the purchase of an amount of COP 320,897.17 at the time of writing this report.
In the same way, OKX has operations in that country, and was listed for the purchase of LTC at a value of COP 327,104.43with an upward variation of 0.42%.
For CryptoMarket, the LTC price was at COP 311,425.83, with an increase of 7.02%. Bitso, for his part, presented a quote of COP 318,602 per unit of LTC, with an increase close to 1.58%.
In Mexico, Bitso was listed the purchase of LTC in MXN 1,316.60, with a positive variation of 1.34%. Likewise, Coinbase showed a value of MXN 1,317.05, with a slight increase in the platform of at least 1.51%. In OKX, LTC was located in MXN 1,338.05 for purchase, with a depreciation close to 0.40%.
In Peru, the OKX portal was listed at LTC in 282.78 Peruvian solesalso showing the appreciation of 0.42%.
Similarly, Satoshitango was showing LTC at a price of 293.25 Peruvian soles for purchase and 282.69 Peruvian soles for sale on the platform, with an appreciation of 1.35%.
On Coinbase, LTC was valued at 279.23 Peruvian soles with a variation of 1.62%. For its part, CryptoMarket reflected the price of LTC at 286.9 Peruvian soles with a positive variation of 4.69%.
In Uruguay, the price at which OKX traded LTC for the purchase is 3,003.12 Uruguayan pesos, with a higher variation of 0.01%. Coinbase presented a price for LTC at 2,944.37 Uruguayan pesos with a slight increase of 0.23%.
Ripio shows LTC for the purchase at 3,008.05 Uruguayan pesos, and the sale price at 2,886.67with an increase of 0.43%.
In Venezuela, Coinbase shows the value of LTC in VES 2,098.37, with an appreciation of 1.35%. In the same way, OKX shows that LTC is trading at SEE 2,076.98 with an appreciation of 0.44%.
Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
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