Litecoin Trading- LTC/BTC Technical Analysis, Nov 19: Litecoin fails to keep pace, back below 0.01 BTC

Litecoin (LTC/USD) has failed to keep up with Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term's recent gains, a deviation from the old days when it more typically amplified BTC's big moves.

It is currently trading at $3.76 on BTC-e, but vs bitcoin, has slipped below the psychologically significant 0.01 BTC mark to 0.00997. LTC/BTC had been hovering about the mark for the past 5 days after falling as low as 0.00905, which was caused by BTC's spike to above $450.

On that occasion, it can be argued that the crypto rally was not met with equal enthusiasm by all coins and was perhaps motivated by artificial transient demand, as reinforced by BTC's prompt reversal.

The 0.009 mark was the lowest since falling below 0.008 during the August sell-off.

LTC/BTC's recent underperformance has sent it under its 50-day moving average (MA) in November. The MA is currently worth 0.0105 and has resumed its decline after rising and then staying flat throughout October.