Litecoin Price Drops Below $55 in Search of a Stable Floor

All cryptocurrencies are struggling proper now. Given the present battle for management in the Bitcoin markets, that’s no huge shock. Issues are trying a bit bleak for the Litecoin worth proper now, though the general uptrend remains to be intact.  With a worth of underneath US$55, a week-long downward development is seeking to hit essential assist.

Litecoin Price Retains Going Decrease

Each time the Bitcoin worth reaches a new all-time excessive, altcoins will wrestle for a few days. When that all-time excessive is adopted by a correction, altcoins will wrestle much more. Proper now, the entire world is ready for the Bitcoin worth to stabilize a bit earlier than altcoins may even begin to get better. That is weighing down the Litecoin worth proper now, as its worth has dropped repeatedly over the previous week.

To be extra particular, one week in the past, the Litecoin worth was hovering across the US$65 mark. At the time, it appeared a rise to US$70 or doubtlessly…

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