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Litecoin (LTC) price analysis: The coin may fall even furthur

Litecoin (LTC) is as of writing this article trading at $74.4 against the United States dollar (USD) and showing a negative and downward trend of -1.76 percent the market cap of the coin is presently at $4.67 billion against the United States dollar (USD) and the supply of the coin in the Crypto market is 63 million.

The coin on Sunday was trading as high as $91 against the United States dollar (USD) and it has suddenly fallen just below the $86 mark against the United States dollar (USD)  that is a huge fall for digital currency. As it was anticipated the coin was going to see a major blow and that has happened now and the coin has entered into a short term bearish trend and if the crypto experts and analysts are to believed further the situation of the coin is going to get even worse.

It was speculated much earlier that Litecoin (LTC) is going to face a bearish situation and this has caused massive fluctuation with respect to the coin. There is huge volatility and uncertainty lurking around the coin. Litecoin (LTC) is in a bearish trend and will remain so as it expected for the time being. There is a bleak hope for the coin in the near future.

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About Ritika Sharma

Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

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