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. The litecoin price declined consistently throughout 2014 and has continued to fall....
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The rocket has run out of fuel, and it's crashing! Yes, I am talking about Litecoin. The dream investment of many until Friday has turned into a nightmare today. And those who are still holding on to their Litecoin investments may witness more pain. The speculators with deep pockets look set to unravel more of their long positions and cause a steep decline in the price of the cryptocurrency. For those who were unable to track the market during the weekend, Litecoin crashed a biblical 58.26% from a high of $8.650 to a low of $3.610 in a matter of less than 48 hours. Litecoin pared the....
As was expressed in Danger Looms, Litecoin witnessed a strong selloff intraday, crashing by a little more than 20%. I expected the cryptocurrency to hit $3.100 but the price reversed from $3.180. Yesterday marked the fourth straight day of losses for Litecoin. Currently, Litecoin is trading with a deep cut of 6.33% since yesterday's observation. From a technical perspective, it looks like Litecoin will continue to devalue against the US dollar and hence, rebounds should be used to go short in the counter. Litecoin Chart Structure - After breaching the crucial support of $4.100, the....
Following an unprecedented day of trading for Litecoin at a higher daily USD volume than bitcoin, suspicions of a ‘pump-and-dump’ scheme in China have arisen following a correction in price. Just before, Litecoin has gained fifty US cents to a full US dollar in value - tantamount to Mazda selling more cars in a day than Toyota. “I think Litecoin is still very complimentary to Bitcoin — silver to Bitcoin's gold if you will. Because Litecoin is an altcoin and a much smaller market cap, the Litecoin price is extremely volatile. So when the crypto currency market is crashing, it gets hit a lot....
Owing to short covering and some value buying, Litecoin has managed to reach the stop-loss level of $1.690 mentioned in All the Reasons to Short!. So, will we see an upside breakout or will the bears make a timely entry, let's find out here. Litecoin is trading up 3.37% at $1.688. A technical analysis of the 240-minute LTC/USD price chart has been conducted to help the market participants make informed trading decisions. Litecoin Chart Structure - Litecoin has rebounded strongly after crashing to a low of $1.562. Interestingly, the cryptocurrency has formed a Reverse Head & Shoulder....
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%....