Litecoin is down by 24% and is now trading at $113. The price has been falling over the last month since the slaughter on the crypto market.
There are few bright perspectives for Litecoin as it is subject to the same market forces as Bitcoin and the latter has been falling for months.
The news coming from various major countries is surely to directly or indirectly touch the price of Litecoin and it is bound to continue falling, given that it is based on virtually the same infrastructure and principle as Bitcoin.
The unfortunate similarity is likely to have the same effect on Litecoin as its price is probably going to fall to about $100 very soon.
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