Litecoin's price hit a seven-month low on Friday as the cryptocurrency markets turned risk-averse.
The world's sixth largest cryptocurrency by market capitalization fell to $84.39 at 14:00 UTC - its lowest level since November 29, according to CoinDesk's Litecoin Price Index - and was last seen at $84.99, down more than 12 percent on the day.
Further, its market capitalization stands at $4.88 billion, the lowest level since December 1.
Names like ethereum, cardano, bitcoin cash have depreciated by at least 10 percent each.
Bitcoin, the world's largest cryptocurrency by market capitalization, fell to fresh 100-day low below $6,100 and likely dragged other markets lower with it.
74, down 8.7 percent since the start of Friday's trading session.
The risk aversion will likely worsen as the technical charts show bitcoin could find acceptance below $6,000 and extend losses towards $5,000 mark in the short-term.
Litecoin Sinks to Lowest Price in 7 Months
pubblicato su Jun 22, 2018
by Coindesk | pubblicato su Coinage
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