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

Libra Coin News
Tue, 09/24/2019 - 06:47
Alex Dovbnya
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.

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.

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.