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Why Litecoin Price May Crash to Sub $50 Levels?

source-logo  coingape.com 27 August 2024 20:57, UTC

Litecoin price jumped 1% to $63.7 during U.S. trading on Tuesday despite a general pullback in the crypto market. The bearish turnaround for most major altcoins showed a lack of momentum, indicating a temporary drop for buyers to stabilize from last week’s rally. However, the LTC price rebound could be linked to the sudden capitulation of short holders, a signal often interpreted as a potential recovery.

coingape.com