As was somewhat to be expected, there is a lot of bearish pressure across all of the different cryptocurrency markets. While this is not entirely surprising, it would appear the Litecoin price is facing a lot of negative pressure as of right now. Its price may very well drop below $75 in quick succession, but it seems unlikely any further decline will materialize.
Litecoin Price Momentum Sours Significantly
In the cryptocurrency world, weekends are usually interesting in many different ways. More specifically, it would appear most of the bullish momentum materializing earlier this week is slowly being eroded where the alternative markets are considered. Litecoin has come under a ton of pressure over the past few hours, although it is not in proportion to how Bitcoin’s price is evolving.
To be more specific, the Litecoin price has dropped by 6.84% to $75.74. There is also a 6% decline in LTC/BTC, which further confirms things can get a lot direr over the coming hours. With one LTC now valued at 0.01439 Bitcoin, a fair few…