Posted in: Archive
Published:
July 10, 2015 11:48 AM UTC

Breaking: Litecoin has Crashed and Lost 35%

Litecoin just shed nearly 40% of its value in a matter of minutes. It's understandable, seeing as Litecoin gained more than 200% in a matter of days. "The original altcoin" is also experiencing tremendous turnover, overtaking bitcoin in 24h trading volume (USD) for a time this morning. While the…

Litecoin just shed nearly 40% of its value in a matter of minutes. It’s understandable, seeing as Litecoin gained more than 200% in a matter of days.

“The original altcoin” is also experiencing tremendous turnover, overtaking bitcoin in 24h trading volume (USD) for a time this morning.

While the currency seems to have stabilized around $6.50/LTC, volatility is still very high and it make take some time for the market correction to play out.

Litecoin in free-fall

Bitcoin has not experienced any action that appears to coincide with the Litecoin crash. It seems the crash is isolated to Litecoin, but with the Litecoin halving approaching, it’s possible this is only a hiccup on a continuing upward trajectory.

Disclaimer: The author has no holdings or financial holdings in any altcoins. He does own bitcoin.

Image via bitcoinwisdom and Shutterstock.

Last modified: January 25, 2020 11:07 PM UTC

Ned Miller @NedMNews

Ned Miller is a bitcoin enthusiast since 2012 and he has a background in American politics.

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