Litecoin Value Forecast: Litecoin dives towards $50 as the Bearish Movement Take Over

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Arushi Dubey
Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

Several virtual currencies in the market are going through ups and downs in the market. The virtual currencies and the price increased predicted by the experts. Now under the bearish movement in the cryptocurrency market, their prices are going down. Cryptocurrencies like Litecoin and Ontology was under the bearish movement going on in the market.

Current Status of Litecoin: The Cryptocurrency LTC is under the bearish over take in the crypto market. The LTC is currently positioned at the 6th number the virtual currency market. The trading price of the LTC is $69.45 USD and market capitalization of the $4,274,360,499 USD. The 24 hour volume is $2,421,860,066 USD with a circulating supply of the 61,547,758 LTC and total supply of 84,000,000 LTC.

The LTC’s value yesterday was $71.43 USD with a market cap of $4,395,578,233. We can clearly see the difference in the bearish market price of today and yesterday bullish price. The LTC trading value has been decreased by -3.37% in the bearish market. This is not the worse price of the LTC for now, the bearish market gets uphold and surge in the market, and there are chances that values will decrease further in the market.

Litecoin Price Prediction: The experts and cryptocurrency enthusiast are thinking are predicting that if the situation in the cryptocurrency will be like this and the if the prices will go further down, the chances are there that the Litecoin will jumped down at the value of $50 as the bearish market take over the bullish market.

If the bear market will come and the growth and calculation of the predictions of the experts are right, LTC touches the level of the $50 price value it is concerning of the Litecoin as well as for the entire cryptocurrency market. LTC and ONT had been going through their loss of price; we need to see how the other cryptocurrencies will hold up with their prices and what impact this bearish movement will have on the other currencies like Bitcoin, Ethereum and etc.

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