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      "author": "kaitlynmoore01",
      "body": "Very good blog. Same thoughts here. The price of a coin should depend on the quality of the product, the team behind it, if proffesional investors believe in it, and a lot more facets.  I really advice people to take a look at:  https://www.coincheckup.com Since I use this site I make so much less basic investment mistakes.  On:  https://www.coincheckup.com/coins/Litecoin#analysis To watch Litecoin Investment research report.",
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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://www.cryptocoinsnews.com/litecoin-price-breaks-past-80-as-market-recovers-from-china-ico-ban/",
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      "body": "Litecoin Price Recovers Past $80\nOne cryptocurrency that took a beating during the downturn was litecoin. Heading into the weekend, litecoin was in lock-step with bitcoin’s record rally. As bitcoin climbed toward $5,000, the litecoin price crossed milestone after milestone, eventually extending as high as $92 on September 2.\n\nSince litecoin’s climb had been so quick–it had gained nearly 50% in a week–it fell rapidly during the sell-off. By September 5 at 2:00 UTC, the litecoin price had dropped to $59.\n\nAt that point, it reversed course and began to climb. Over the next 24 hours, the litecoin price rose 25% to $75. The rally continued on September 6, enabling the litecoin price to once again break past $80 at about 23:45 UTC. At the time of writing litecoin continued to trade at $80 and had a market cap of $4.2 billion.\n\nLitecoin’s rally has been spurred on by renewed enthusiasm among Chinese traders. During the sell-off, most coins with CNY pairs experienced intense downward pressure. Now, LTC/CNY–which accounts for nearly $350 million in daily volume–is priced comparably to litecoin’s other pairs. Altogether, daily litecoin volume exceeded $800 million, trailing only bitcoin and ethereum.\n\n![90.jpg](https://steemitimages.com/DQmSRiAKt3Rkxm2gSmwAzbe7XqPRtV9o4JPhWrGZLCAbsor/90.jpg)\nLitecoin picked up dramatic momentum after developer Charlie Lee successfully tested Lightning transactions on the LTC network, a development made possible by the activation of SegWit. Assuming the market recovery continues, it would not be surprising if litecoin soon challenged the $100 level.\n\nBut it might not stop there. Now that bitcoin has activated SegWit, developers are preparing to deploy Lightning technology on top of the BTC blockchain, too. As CCN has reported in more detail, Lightning channels will support cross-blockchain transactions, along with other innovations such as instant payments. Consequently, investors should have reason to believe that the litecoin price will benefit as Lightning developers move closer to deploying this technology onto the bitcoin network.",
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      "body": "Bitcoin hit a low of $4,037 Tuesday - falling by more than $300 - as it continued to digest a Chinese clampdown on cryptocurrencies\nThe latest drop indicates a 20 percent fall following the coin's $5,000 high over the weekend\nSeveral Chinese regulators announced a ban on initial coin offerings (ICOs) on Monday\n\n..............\nBitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding methods saw the price of the digital coin slump earlier this week.\n\nThe virtual currency fell from $4,584 to $4,350 on Monday following the announcement of a regulatory clampdown on initial coin offerings (ICOs). Many start-ups rely on ICOs as a means to raise funds by selling off new digital tokens to the market. Total ICO investments peaked above $1.2 billion this year.\n\nAlthough analysts contend that the price of bitcoin shouldn't necessarily be linked with China's ICO crackdown, the cryptocurrency hit a low of $4,037 on Tuesday, according to Coindesk's price index. This follows an all-time high of more than $5,000 over the weekend, meaning the currency fell by almost 20 percent in the space of a few days.\n\n\"The price action has certainly been led by this Chinese salvo - but healthy profits and moving traders to take gains off the table too until the panic calms,\" Charles Hayter, chief executive and founder of digital currency comparison website CryptoCompare, told CNBC via email.\n\nThe bitcoin analyst said that the cryptocurrency crackdown was expected due to \"irrational excesses\" in the Chinese market.\n\n\"The Chinese market has been perhaps the most virulently exuberant in terms of its irrational excesses and across the world regulators are looking to gradually turn up the regulatory heat on this ICO phenomenon,\" he added.\n\n\"This is certainly the Chinese state laying down the law and threatening all and sundry.\"\n\nThe People's Bank of China (PBOC) was among the number of government authorities to deem ICOs as an unauthorized fundraising method.\n\nEthereum also sees price dip\n\nMeanwhile, the second largest cryptocurrency Ethereum also saw a fall in value following the clampdown.\n\nThe currency fell by as much as 15 percent on Monday, according to Coindesk.\n\nBitcoin was trading at $4,265 and Ethereum at $297 at around 11am London time.\n\nICOs surprisingly popular\n\nInitial coin offerings have found favor with the unlikeliest of supporters.\n\nCelebrity and entrepreneur Paris Hilton said on Sunday she would be participating in an ICO run by LydianCoin Ltd, the self-described \"first AI big data marketing cloud for blockchain\".![90.jpg](https://steemitimages.com/DQmVkWYRwbVEK1jfJNEwrJPhAFY6g9cb8Zoga3SLUbqAZ9w/90.jpg)",
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      "permlink": "bitcoin-dips-another-usd300-after-china-s-cryptocurrency-crackdown",
      "title": "Bitcoin dips another $300 after China’s cryptocurrency crackdown"
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