Litecoin Price Tanking
The litecoin cost declined consistently throughout 2014 together with has continued to autumn during January. As latterly every bit June, the litecoin cost exceeded $10. During the past times month, the litecoin cost declined from $3 to $1.40–an alarming spend upward for ane of the industry’s almost prominent coins.
As this
OKCoin chart demonstrates, the litecoin cost has declined to a greater extent than than 50% inwards the concluding calendar month alone.
Litecoin Price Linked to Bitcoin Price
Connor Black, CEO of
digital currency service Harborly, told CCN he believes the litecoin cost spend upward is a by-product of the
bitcoin cost downtrend. Even though litecoin’s largest trading duet is USD, bitcoin’s vastly superior marketplace cap (among cryptocurrencies) governs the direction of the litecoin price.
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