Litecoin and Dash, two altcoins with enormous promise, are having a tumultuous 2018. Both coins have steadily declined over the course of the year. With the latest price decline across the market, both cryptocurrencies are now at a crossroads.
Litecoin Struggles to Stay Above $100
The cryptocurrency market is bleeding right now. A huge correction wave swept through the cryptocurrency market between June 10 and June 12, 2018. During this period, many top-100 coins recorded percentage price declines in the double-digits.
For Litecoin (LTC), the bears couldn’t have come at a worse time. The sixth-ranked cryptocurrency by market capitalization has been steadily declining since the start of May. On May 7, LTC price reached $180. That was the last time Litecoin traded above the $150 mark.
In the last three days, Litecoin fell significantly in the space of mere hours indicating what might be a stubborn bearish trendline. At the time of writing this article, the price has fallen below the $100 mark – a major psychological price barrier for Litecoin.
Presently, the sixth-ranked cryptocurrency has declined by more than 60 percent since the start of the year.
The last time LTC traded below $100 was in mid-December 2017 right before it experienced an astronomic spike that sent LTC prices …
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