As most of the cryptocurrency markets are on very wobbly legs right now, there is a genuine feeling of unease. Many people are somewhat surprised by how the Litecoin price remains subjected to a negative spiral. While its price is still rather solid, it seems the expected push to $100 will have to wait for at least a few more days.
Litecoin Price Keeps Drifting Lower
With Bitcoin’s price direction remaining unclear, no one really knows what the future will hold for the alternative markets. Litecoin, while often resilient under any given circumstance, is not having the easiest of times either. There is a rather surprising amount of bearish pressure on LTC right now, as its price currently sits just below $70.
To put this in perspective, the past 24 hours have yielded a 3.94% Litecoin price decline across the board. Its USD value now sits at $69.9, whereas the BTC ratio has dropped to 0.0132 Bitcoin again. For now, no real damage has been done just yet, but if this pressure keeps up, the value may go a fair bit lower in…