By en.coin-turk.com on August 17, 2023
The price of Bitcoin has dropped to $29,150, and the LTC price has fallen below $80. So what’s next? The excitement around halving has led to the idea that this time it could be an exception. However, in the previous two block reward halvings, we witnessed a similar steady decline in price. The price, which recently approached the $100 limit, has now fallen below $80. Why is LTC Coin Falling? On August 16, the LTC price fell by over 1.5% to $78.25. While most cryptocurrencies dropped by 0.6%, what it experienced was a complete negative divergence. The downward movement came as part of a broader pullback that began at the beginning of July. Moreover, the previous two halvings already indicated that the price would fall. The “buy the rumor, sell the news” case is a common occurrence in the crypto market. Litecoin correction was supported by the overbought RSI and […]
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