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Litecoin Price Flash-Crashes by 10 Percent While Bitcoin Dips to $9,600 Level

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    Cryptocurrency market overview: Bitcoin and top altcoins remain in the sea of red after the underwhelming Bakkt launch 

Cover image via 123rf.com

Litecoin, the silver to Bitcoins gold, saw its price plunging by nearly 10 percent to $64.55, its lowest point since August. At the time of writing, the fifth biggest cryptocurrency is trading at $67.01, according to CoinStats data.

Litecoin price
image by coinstats.app

Meanwhile, Bitcoin is struggling to touch the pivotal $10,000 mark after seesawing back and forth for a couple of days. Bakkt’s underwhelming trading numbers might have taken a toll on its short-term price recovery.

ShapeShift CEO Erik Voorhees assures his newbie followers that it might not be the best time to sell their BTC despite slugging price action. 

As reported by U.Today, Bitcoin is inching closer to breaking out of the great descending triangle of 2019.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

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    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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