Topic: Litecoin Suffers A Huge Loss Of 9% - page 2. (Read 355 times)
A very bad time for Litecoin and many other altcoins. It all started when Bitcoin slided backward, being the leading cryptocurrency. On the average, I can't say the losses will be sustained because there's a general air of optimism as far as the market is concerned.
A typical volatility on crypto. 9% isnt really that a big deal.
Totally not a big deal. Bitcoin itself just lost $2000 in a very short period of time and I haven't broken a sweat over it (though I don't own much anyway). As far as Litecoin goes, I do seem to recall a time not too long ago where it was trading at around $3--correct me if I'm wrong, but I also remember people were asking if it was ever going to hit $100 and I thought it wasn't likely at all. But looking at OP's chart, I'd have to say that despite a bad month it's still hanging in there at a price that a lot of people didn't expect. I think LTC has a pretty strong community, so it's one of the more solid altcoins on the market, and it's just taking the hit that many other alts are taking right now. No biggie.
The adjustment of Bitcoin has really seriously affected the alts.
You're probably correct about that. And I bet when bitcoin starts upward again we'll probably see a lot of altcoins recovering too. I have some NEO (and that's about it), and it's been hammered pretty hard in the past 3 weeks. Again, I'm not sweating it. That kind of volatility is to be expected.
The adjustment of Bitcoin has really seriously affected the alts. It seems that current investors are only focusing on Bitcoin and they have sold off the alts to buy Bitcoin or transfer to USDT.
This trend will occur in the long term and we will see further price drops of alts.
This trend will occur in the long term and we will see further price drops of alts.
Lite coin is not the only coin that is lost today. BTC dominance has increased by more than 2% today. Many big alts coins/tokens are suffering against BTC.
Look at XRP, EOS, ETH. You are going to understand what I mean.
Look at XRP, EOS, ETH. You are going to understand what I mean.
A typical volatility on crypto. 9% isnt really that a big deal.
(top 10 coins in CMC including btc on top).
(top 10 coins in CMC including btc on top).
Maybe, but still I'm a bit disappointed since the Block Reward Halving of Litecoin didn't deliver the expected result in terms of price.Since this was done, LTC did nothing but fall and took down with it all the hype about halving and how the price will rise because of it.
A typical volatility on crypto. 9% isnt really that a big deal.
(top 10 coins in CMC including btc on top).
(top 10 coins in CMC including btc on top).
https://whaleagent.club/litecoin-suffers-a-huge-loss-of-9/
The whole market is bleeding hard today but some coins are certainly more affected than others, Litecoin, EOS and especially XRP have been hit quite hard.
The whole market is bleeding hard today but some coins are certainly more affected than others, Litecoin, EOS and especially XRP have been hit quite hard.
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