The cost of litecoin (LTC), the world’s sixth largest cryptocurrency by marketplace capitalization, fell to a uninformed 2018 low on Wednesday.
Data from Bitfinex shows the cryptocurrency slipped to $97.04 today – the lowest turn since Dec. 8 in 2017, reflecting a 74 percent decrease since the all-time-high at $379 seen on Dec. 19. Further, the cost of LTC is also stating more than 60 percent debasement since the commencement of this year.
LTC’s cost decrease over the past several months also followed a important acknowledgement by the creator Charlie Lee who settled in a Reddit post on Dec. 20 that he had sole off all his land in the cryptocurrency, as formerly reported by CoinDesk.
As of press time, the cost of LTC has bounced back to $99.50 – down 6.3 percent in the last 24 hours.
In fact, other vital cryptocurrencies are also flashing red. For instance, bitcoin dropped next $6,500 on Tuesday to strike the 70-Day low and is now stating a 3.8 percent decrease on a 24-hour basis.
EOS also forsaken by 10.33 percent within a day, creation it one of the vital losers among tip 10 cryptocurrencies by marketplace capitalization. Others including ethereum, XRP and bitcoin money are stating at slightest 5 to 8 percent decrease on a 24-hour basis.
Meanwhile, the total marketplace capitalization of all cryptocurrencies forsaken next $300 billion for the first time since Apr 12.
Falling coins picture around Shutterstock
The personality in blockchain news, CoinDesk is a media opening that strives for the top journalistic standards and abides by a strict set of editorial policies. CoinDesk is an eccentric handling auxiliary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Article source: https://www.coindesk.com/97-litecoin-price-hits-fresh-2018-low/