Disclaimer: The following article attempts to analyze the evolving patterns in the Litecoin short-term market and its impact on the price.
Like the remaining market, the value of Litecoin [LTC] collapsed once again to early-July levels. The selling pressure emerged when LTC was trading at $47 and fell until $41.64. The coin is currently being traded at $43.92.
Litecoin 30-min chart
According to the above chart, Litecoin’s price had already begun trading lower,…