Home Litecoin News Litecoin Falls Under $100 as Sprint Hits 1-Yr Low

Litecoin Falls Under $100 as Sprint Hits 1-Yr Low

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· June 13, 2018 · 5:00 pm <!– Excerpt

Litecoin and Sprint, two altcoins with monumental promise, are having a tumultuous 2018. Each cash have steadily declined over the course of the yr. With the most recent value decline throughout the market, each cryptocurrencies at the moment are at a crossroads. Litecoin Struggles to Keep Above $100 The cryptocurrency market is bleeding proper now. An enormous correction wave swept by way of the cryptocurrency market between June 10 and June 12, 2018. Throughout this era, many top-100 cash recorded

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Litecoin and Sprint, two altcoins with monumental promise, are having a tumultuous 2018. Each cash have steadily declined over the course of the yr. With the most recent value decline throughout the market, each cryptocurrencies at the moment are at a crossroads.


Litecoin Struggles to Keep Above $100

The cryptocurrency market is bleeding right now. An enormous correction wave swept by way of the cryptocurrency market between June 10 and June 12, 2018. Throughout this era, many top-100 cash recorded proportion value declines within the double-digits.

For Litecoin (LTC), the bears couldn’t have come at a worse time. The sixth-ranked cryptocurrency by market capitalization has been steadily declining because the begin of Could. On Could 7, LTC value reached $180. That was the final time Litecoin traded above the $150 mark.

Within the final three days, Litecoin fell considerably within the house of mere hours indicating what may be a cussed bearish trendline. On the time of writing this text, the worth has fallen beneath the $100 mark – a significant psychological value barrier for Litecoin.

Presently, the sixth-ranked cryptocurrency has declined by greater than 60 p.c because the begin of the yr.

The final time LTC traded beneath $100 was in mid-December 2017 proper earlier than it skilled an astronomic spike that despatched LTC costs hovering above $300. This value surge coincided with a peak interval out there when many different prime cash skilled vital beneficial properties.

2018: A Bitter Yr for Litecoin

All of it started in late December 2017, when Litecoin creator, Charlie Lee introduced the sale of his total LTC holdings. Costs dipped extra $100 within the days after the announcement and have struggled ever since. Then there was the LitePay debacle earlier within the yr when the flagship Litecoin cost service didn’t launch.

Now, Lee’s “silver to Bitcoin’s gold” creation has discovered itself relegated to the background of the “top-coins” narrative. Not too long ago, some analysts have predicted that Litecoin might be in line for a massive price surge. Nevertheless, the present troubles point out in any other case – at the very least, in the intervening time.

Sprint Drops to 1-Yr Low

The place Litecoin has been in regular decline, Sprint has all however crashed. The 13th ranked cryptocurrency is down by an astonishing 300 p.c. Regulatory prohibitions over its privacy-focused operations have blighted the as soon as top-ten coin. Along with Monero, Verge, and different privacy-focused cash, Sprint has been trending down all by way of 2018.

Dash Drops to 1-Year Low

Sprint started the yr buying and selling simply above the $1,000 mark however has crashed to $257.98 (on the time of writing this text). The cryptocurrency is at its lowest stage since August 2017. It looks as if such a very long time in the past that Sprint was buying and selling at $1,600. The query for proper now’s what the underside for Sprint is.

Is that this the start of the tip for each Litecoin and Sprint? Share your views with the group within the remark part beneath.


Pictures courtesy of CoinMarketCap.

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