Litecoin Price Falls 11% Amid Widespread Altcoin Decline

Litecoin Price Falls 11% Amid Widespread Altcoin Decline

Over the past seven days, eight of the top ten altcoins have decreased in price. Six of these, including the litecoin price, the Dogecoin price, and theDarkcoin price have fallen by more than 10%. CCN examines this altcoin price decline. Also read: Litecoin Price Fails to Recover From Bitcoin Price Panic. Litecoin Price Falls 11%. Litecoin investors may have thought the recent revelation of a security vulnerability within the Ripple protocol would have enabled Litecoin to reclaim the second spot on the market cap charts. However, the litecoin price has been in decline as well, falling 11%....


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Last week, the litecoin price fell 11% amid widespread altcoin decline. Since then, the litecoin price has not improved-but it has not gotten worse either. The litecoin price maneuvered the ups and downs of the altcoin market to remain relatively stable from October 11-18. Also Read: Litecoin Mining Pools Receive Help from KNC to Improve Titan Hash Rate. Litecoin Price Holding Steady After Dip. On October 11, the litecoin price was still reeling from a weekly decline that had dropped the coin's value from ~1,150,000 satoshis to 1,034,500. The decline continued until October 13, when the....

Blackcoin Price Falls Back into the Red

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Litecoin Price Fails to Rebound From Bitcoin Price Panic

Sunday's bitcoin price panic caused altcoin market caps to evaporate and made most altcoin prices drop as well. The litecoin price bore the brunt of the market's wrath, falling 7% and dropping the Litecoin market cap by almost $8 million in a single day. However, the bitcoin price recovered, which in turn inflated many altcoin prices to previous levels. Nevertheless, although litecoin's market cap grew by 5%, its bitcoin trading pair price failed to recover. Also Read: Bitcoin Price Decline Makes Altcoin Market Caps Bleed. Litecoin Price Fails to Rebound from Bitcoin Price Panic. Monday's....

Bitcoin Price Decline Makes Altcoin Market Caps Bleed

The bitcoin price crashed below $300 on October 5. Although it has since climbed back above the $300 mark, the bitcoin price has fallen 6% in the past 24 hours. Because altcoin prices are coupled to the bitcoin price, most altcoin market caps have fallen dramatically. Also Read: Analysis: Bitcoin Price Crash Below $300 - How Much Lower? Bitcoin Price Decline Makes Altcoin Market Caps Bleed. As the CoinMarketCap chart below demonstrates, altcoins have taken a huge hit over the past day. The bitcoin price decline caused nearly every altcoin market cap to fall by default. Additionally, many....

The Litecoin Price is Crashing: Here's Why

Litecoin developer Charlie Lee shocked many community members last month when he said “Litecoin does not need development right now.” Rather, he said, the coin needed users, liquidity, and merchant acceptance to succeed in the long term. However, the coin has struggled to achieve any of those aspirations, and the bitcoin price decline has weakened faith in the cryptocurrency industry as a whole. Consequently, investors have begun losing faith in altcoins, and in turn the litecoin price is bottoming out. Litecoin Price Tanking The litecoin price declined consistently....

Quotes

Bitcoin is an implementation of Wei Dai’s b-money proposal on Cypherpunks in 1998 and Nick Szabo’s Bitgold proposal.

Satoshi Nakamoto, Bitcoin Developer