- Kim Jong Un’s death could force selloff for Litecoin, Bitcoin, and Monero
- The North Korean dictator is rumored to be dead but state officials say he is healthy and alive
- The price of Litecoin is trading in positive territory after gaining 3.35 % in the last 24-hours
Litecoin news today – The cryptocurrency community is waiting on reports that North Korea’s Kim Jong-un has kicked the bucket. Analysts have speculated that any change in command in the Asian country could trigger a fresh selloff for digital assets particularly Litecoin, Bitcoin, and Monero. However, despite speculation that the dictator might be dead, the South Korean intelligence says the North Korean ruler is “alive and well.” The rumored death of Kim Jong-un has kept the world occupied for the last few weeks. Hence, speculation has arisen about his health and a possible surgery that could have left Jong-un in a vegetative state.
Litecoin Price Analysis – The Cryptocurrency Community Has Been Occupied on the Matter
The crypto-community is also occupied on the matter. There’s a discussion in the community about how a change in the leader in North Korea could impact the digital currency market. Recall that North Korea has funds in Litecoin, Bitcoin, and Monero. According to the United Nations, the country’s funds in digital assets could reach about $2 billion. These funds are allegedly used by the dictator to finance the Asian country’s Weapons of Mass Destruction program. Most of the stolen cryptocurrencies are related to North Korea’s Lazarus group. If North Korea decides to sell a part of these funds, then we can look forward to a drop in prices as it will increase the sales pressure in the digital asset market.
Litecoin Price Prediction – The Price of Litecoin is Trading in Positive Territory
In other reports, the price of Litecoin is still trading in positive territory since things turned better for digital assets two days ago. Litecoin price has gained no less than 3.35 % over the past 24-hours of trade. The Litecoin bulls were able to force a fresh closure in the green zone for this week. This means that such a position has been taken five consecutive times.
Litecoin (LTC) Price Today – LTC / USD
The price of Litecoin has also been enjoying a consecutive run upwards. However, it has to be said that the digital asset has also seen some narrowing in the last three trading sessions. This means that Litecoin’s price could very well be in consolidation just ahead of further commitment by the bulls. The barriers in the upside are noted at the $45-46 and $50 areas. There, however, remains a very small risk of the digital asset forming a daily flag structure. It will be preferable is the later plays out for everyone’s sake.