Another leg down for Bitcoin (BTC) could however trigger further losses for LTC given the strong correlation between their price movements
Litecoin (LTC) was among major altcoins to suffer heavy losses following Bitcoin’s flash crash that triggered widespread selling across the crypto market.
The 14th ranked cryptocurrency sank 18% on Tuesday to break below key support levels. Even with today’s rebound, LTC’s price is still 11% down on its 24-hour opening value.
But bulls are likely to…
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