- Litecoin LTC Price Falls Lower Against the USD As Bitcoin and Other Tokens Correct Lower
- Litecoin LTC Originally Surged From $48 to $56 During the Market-wide Rally
Litecoin News Today – The bullish rally for Litecoin LTC seems to have come to an end as the token is now trading in red against the USD and Bitcoin BTC. This morning, the price of Litecoin LTC started trading day down by more than 1.13% against the USD but this was just the beginning. The token continued to decline against the USD but it is important to note that Litecoin isn’t the only token that took a hit. All the tokens on CoinMarketCap are correcting lower against the USD following the significant surge these tokens have been enjoying for the last few days.
Litecoin News Today – Litecoin LTC is Slowly Correcting Lower Against the USD
The price of Litecoin LTC just like the rest of the cryptocurrency market has been moving lower against the USD. In the first four hours of trading, Litecoin lost an additional 0.15% of its value. In terms of price change, the token came second place within that same time frame. As the token started to fall this morning, the trading volume also dropped by more than 47.12%. However, it is important to note that the trading volume of Litecoin LTC is up by more than 230% over the last seven days. Litecoin LTC is currently the worst-performing token among the top 10 assets on CoinMarketCap.
Litecoin (LTC) Price Today – LTC / USD
While the price of Litecoin LTC is currently moving lower against the USD, there is evidence that the token will still resume the bull run soon. The 14-day chart shows that the price will move higher soon. The 90-day chart also shows that Litecoin LTC will face another resistance after the impending bull rally. Since the token has been bullish 5 out of the last 10 days, there is a strong chance that the bulls will recover.
At the time of writing, the price of Litecoin LTC was trading at $54.52. It is down by 2.01% against the USD and down by 0.84% against the price of Bitcoin BTC. The trading volume over a 24 hour period is $2,534,436,881 and the market capitalization is $3,551,315,627. Bitcoin BTC is also moving lower against the USD. It is currently trading at $10,944.04. It is down by 1.25% against the USD. The trading volume over a 24 hour period is $24,562,643,207 and the market capitalization is $201,881,296,033. In the next few days of trading, we will know if the bulls have lost control of the market for good or not.