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.
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: July 10, 2015 11:54 UTC