This news about the decline of Litecoin is not that bad taking it in context with the current state of the market. We have had good times and we will have bad times but Litcoin's position in the market is assured as it is an the alternative to Bitcoin.
The world’s fifth-largest cryptocurrency plummeted to $160.43 at 6am, its lowest price since February 13 when it was $158.50, according to CoinMarketCap.
Although it rose to $176.13 at 1.09pm, the digital token still down 5.03 percent over the last 24 hours, as of 1.32pm.
https://www.express.co.uk/finance/city/929507/Litecoin-price-drop-why-fallen-will-Litecoin-go-back-up-cryptocurrency-latest
The world’s fifth-largest cryptocurrency plummeted to $160.43 at 6am, its lowest price since February 13 when it was $158.50, according to CoinMarketCap.
Although it rose to $176.13 at 1.09pm, the digital token still down 5.03 percent over the last 24 hours, as of 1.32pm.
https://www.express.co.uk/finance/city/929507/Litecoin-price-drop-why-fallen-will-Litecoin-go-back-up-cryptocurrency-latest
I've seen charts *unknown how legit* where all the dumps from 18k and downward of any major note...has been from the mt. gox trustee dumping BTC to USD for the settlement...
if that is the case...LTC and other alts are gonna go sideways at best..till that clears out...assuming LTC stays connected in price to BTC price....
so far I have read that the mt. gox trustee has dumped 500 million since nov/dec and has 1.5 billion dollars to go..and has stated they are trying to get the 'highest price possible'
we could see this go on for the rest of the year of sideways or down prices for all crypto ..if they follow BTC's lead on these dumps...
i finally got round to charting stuff earlier.. in light of what we know (160,000BTC still to sell by mt gox trustee)
My chart shows our 2018 channel for BTC to be highs of $10407 with lows of $6683...
so LTC... what searing says... sideways for a while to come.
HEY...prove me wrong...I want to be 'full of sh*t' on much of what I say lately....alas, it has not been happening....I am distraught, ACK!
