Litecoin Price Tumbles Below $80 After Suffering 10 Percent Drop

Libra Coin News
Wed, 08/14/2019 - 17:24
Alex Dovbnya
The total market capitalization of Litecoin is on the verge of dropping below $5 bln    
Cover image via 123rf.com

LTC managed to record stellar gains ahead of its ‘halving event’ that took place at the beginning of August. However, it now seems that the hype around the silver to Bitcoin’s gold has completely fizzled out.

Related
Litecoin Founder Charlie Lee Calls LTC ‘Great Store of Value’ Even Though He Got Rid of All His Coins

The cryptocurrency is shaping up to be one of today’s biggest losers inside the CoinMarketCap top 10 after witnessing more than a double-digit drop. At the time of writing, LTC is trading at $77.65.

image by coinmarketcap.com

As reported by U.Today, Litecoin also had to battle with FUD after its founder Charlie Lee allegedly revealed that developers were not working on the project.

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.