A breakdown of the recent Litecoin price action, long-term Technical Analysis, and the current macro backdrop for cryptocurrencies.
On Tuesday, Litecoin (LTC) is slightly softer at $150.16 (-2.05$) in early trading. LTC has lost -27% in December, over 50% from the November highs, and 65% below May’s three-year high. Litecoin’s market cap has fallen from $25.9 billion to approximately $10.6 b in the last seven months, currently ranking LTC as the 18th most valuable cryptocurrency.
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