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Since the hourly cryptocurrency price charts start to look rather worrying again, the big question is how all the markets will be affected. For now, there is still a lot of green around the chart, although that situation may not last much longer. The Litecoin price is already losing value, as its $ 25 level can no longer be sustained.
Litecoin Price goes red again
Last night, there was a real excitement regarding all cryptocurrency prices. Solid earnings seemed to have formed on the charts at 1 hour, and some of those profits were actually made at all the best levels. This is also the reason why Bitcoin and Ethereum are still in the green, albeit barely. Although litecoin even noticed some gains, those were completely wiped out once again.
In the last 24 hours, the Litecoin price has lost 3.2% in value in USD and 3.4% in value BTC. In particular this loss in the BTC value will create some problems in the future. After all, if bitcoins can not make money on Bitcoin, it seems unlikely they will have earnings in dollars in the near future, let alone them. For Litecoin, this situation is no different than any other cryptocurrency or activity on the market.
A particular development linked to Litecoin could be worth keeping an eye on. ClayCastCrypto is about to pour silvered and rhodium Litecoin bars. For collectors, these items are usually quite valuable, but they also create interesting gifts for friends and relatives. If a Christmas party involves cryptocurrency or not, at some point, it's a completely different matter.
Pouring small and large #LTC
Pure .999 #Silver is #Rhodium physical plated #Litecoin bars
Set of 10 collectibles in silver, brass and bronze pic.twitter.com/sbF8CbsXGz– ClayCastCrypto (@ClayCastCrypto) December 8, 2018
It's also a bit of an unusual arbitrage opportunity that involves Litecoin right now. This direct arbitration the gap involves the use of the Bitfinex and TokensNet platforms. Although the latter is relatively unknown, it is still an option to explore after doing your research. Taking advantage of price gaps can yield decent gains during these bearish times, as making money while holding coins is simply out of the question.
Buy LTC / USDT a #Bitfinex, sell to #TokensNet; earn 2.20% #Litecoin $ LTC
– Tokens Arbitrage (@TokensArbitrage) December 8, 2018
Despite the current bearish pressure on the market, there are still those who have high expectations for the coming years. A very bullish table is outlined by OptionsGenius, although very few people actually expect it to happen in the near future. A jump at $ 1,500 would certainly be interesting to see, but it seems extremely unlikely at the moment.
#LTC Beauty is what can happen in a single day. $ 1500 Target Price per #LTC by 2022 pic.twitter.com/Dhp4ZqAkDe
– OptionsGenius (@Weeklyoptions) December 8, 2018
Since this is the weekend, there will hardly be a positive momentum on prices. This is not only valid for Litecoin, but all currencies and resources will be in trouble for some time to come. The overall volume of trade will continue to decline, making it easier to push prices even further down. As such, a decline in the price of Litecoin to $ 22 is not impossible by any means.
Disclaimer: this is not about trading or investment advice. The article above is for entertainment and training purposes only. Please do your own research before buying or investing in any cryptocurrency.
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