Litecoin – fifth of the level of capitalization of the digital coin, which last three months to gradually roll back in price. Such a low rate as it is today, was last recorded in the summer of last year. Specialists from companies and Сoindesk NewsBTC conducted a detailed analysis to determine the reasons for the reduction in the price of digital coins.
5 September, the value of LTC once again decreased by almost 3%. Now the price tag will not exceed $66 per token. Recall that in early summer, the coin value has reached $139, while the investors have shown great interest in tokens.
Omkar Godbole, analyst from CoinDesk, voiced one of the main, in his opinion, the reasons for the reduction of the cost of a few tokens. One of the key associated with havinga coins, which occurred relatively recently.
In early August, 2019, halving LTC halved the reward for the miners for the extraction of blocks in the chain. It is noteworthy that initially after the news about the planned challenge, the cryptocurrency has grown enormously – almost by 100%,
Representative publications NewsBTC, Cole Petersen, believes that digital in the future will decrease in price even more. Forecast he backs up a recent tweet browser of kryptonyte and trader DonAlt. He said today that litecoin will continue to exist in poor conditions. Traders can only hope that the reason for a temporary shake-up, after which the situation should improve, but LTC against the dollar will show new growth.
Experts of world famous publications do not exclude the fact that Aldon influenced the General mood in the market. Lately, litecoin in conjunction with other tokens that have been kept in the green zone, and yesterday began to fall amid falling bitcoin exchange rate.
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