- Students need only to bring with them a valid student ID to the summit.
- The short-term support at $59.00 is vital but the hourly 100 SMA will offer support at $58.23.
The Litecoin Foundation will hold the Litecoin Summit on September 14 – 15, 2018 at the San Francisco conference center. The speakers at the summit include global experts in the industry from all over the world including the founder of Litecoin, Charlie Lee. Other guest speakers include the CEOS of Token Pay Derek Capo, Bill Barhydt the founder and CEOS of ABRA and Elizabeth Stark, the CEO, and co-founder of Lightning Labs among others.
Tickets to the summit are currently being sold on the Litecoin Summit page. However, the good news is that students will be allowed to attend without paying. They only need to bring with them a valid student ID. Litecoin Foundation wrote on Twitter:
“This is great! These students are the future and will help us realize the full potential of #crypto & #blockchain. We’re offering FREE DAY 2 tickets for students! Use code StudentpassLF at checkout and bring a valid student ID to the event.”
Litecoin price analysis
Litecoin corrected higher above the resistance at $61.00 two days ago. The session yesterday saw Litecoin step above $63.00 and traded the week’s high at $63.85 before it about-turned and began trimming the gains. The hourly 50SMA gave in to the bear pressure. Moreover, the declines progressed past the ascending trendline with a support at $61.00. The former resistance turned support at the 61.8% Fib level with a drop from $63.85 to a low at $55.58 did little to stop the slide. LTC/USD is currently seeking support at $59.00.
Technical signals from the indicators applied to the chart are negative. For example, the stochastic is moving further into the overbought territory while the moving average gap is widening. The short-term support at $59.00 is vital but the hourly 100 SMA will offer support at $58.23. Another support is at the 23.6% Fib level but LTC/USD is still on the verge of a breakdown towards $56.00 support unless the buyers pullback above $60.00.
LTC/USD 1-hour chart
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