Litecoin has been plummeting in recent months after halvening.
This is the largest sequence of declines since August 2018. At that time, the fifth largest market capitalization cryptocurrency had suffered losses in each of the four weeks of August.
The four-week fall sequence of August 2018 began with Litecoin recording $ 85 and ending the period with $ 49, which means prices fell 42%.
It is also worth remembering that, despite this sequence of losses, even after the important event, the LTC gained 100% in the first months of the year. It is very likely that this 100% increase was an anticipation of halvening. In addition, despite the recent fall, LTC is still up 123% year-on-year.
From now on, LTC is trading around the 50-week moving average at $ 68.77.
If history repeats itself, LTC may continue to trade sideways around the moving average line for at least the next few months before entering the next bull market.
If you plan to profit from this currency in the future, enjoy its low and fill your wallet NOW!