HomeUncategorizedWhy is Litecoin’s price down today? By Cointelegraph

Why is Litecoin’s price down today? By Cointelegraph

August 16, 2023

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© Reuters

Litecoin’s (LTC) price is down today, mirroring downside moves elsewhere in the cryptocurrency market.

LTC price fell over 1.5% on Aug. 16 to around $78.25, underperforming the rest of the crypto market, which dropped 0.65% in the same period. The downside move came as a part of a broader pullback trend that started in early July.

vs. crypto market’s daily performance chart. Source: TradingView
LTC/USD daily price chart. Source: TradingView
Litecoin Holder Net Position Change. Source: Glassnode
Litecoin supply distribution among addresses with a balance between 1,000 LTC and 10 million LTC. Source: Santiment
LTC/USD monthly price chart. Source: TradingView/Rekt Capital
LTC/USD daily price chart. Source: TradingView