The position of litecoin (LTC) is poor, the coin continues to lose ground.
Some analysts believe that Aldon is now at risk, and if sales continue, it may collapse to a level where it was in December last year.
Wednesday, September 4, the coin dropped to $67, its market capitalization is now about $4,267 billion.
Trader under the name DonAlt sure litecoin is approaching its critical point, and there is no signal for the resumption of the upward dynamics movement. Hope to return to the bullish trend, but it is weakening by the day.
In early December last year, the litecoin fell to $25. This mark was a kind of “bottom” of the coin. Strengthening began in the spring of 2019.
Before the August alvingham in cryptosuite was dominated by the view that LTC will move up, but now intensified to the position of pessimists, which allow the coin drop below $50.
One of the analysts on the alias Big Chads also believes that litecoin has lost the support that provoked such catastrophic losses.