As was to be expected, virtually all of the top cryptocurrency markets have turned slightly bearish once again. This trend would materialize sooner or later, primarily because Bitcoin was looking pretty weak yesterday afternoon. Although the losses remain contained, it will be interesting to see if the Litecoin price can remain above $60 for much longer.
Litecoin Price Faces a Crucial Period
In the cryptocurrency world, Bitcoin’s price trend will set the tone for all alternative markets in quick succession. When Bitcoin goes up, other markets thrive. If the world’s leading cryptocurrency loses value, it would appear the markets will turn bearish in both USD and BTC value alike. As Bitcoin is now looking to resume the bearish angle, altcoins such as Litecoin have already begun losing value as well. Not the trend people are looking for, but it remains to be seen how much damage will be done in the process.
Over the past 24 hours, the Litecoin price dropped by 1.63% to $60.34. There is also a 1.25% deficit in LTC/BTC,…