Bitcoin
$23,097.30
+113.61
(+0.49%)
Ethereum
$1,672.84
+33.59
(+2.05%)
Ripple
$0.40
0
(+1.06%)
Litecoin
$101.00
+1.53
(+1.54%)
EOS
$1.11
+0.03
(+2.5%)
Cardano
$0.40
+0.01
(+2.52%)
Stellar
$0.09
0
(+2.18%)
NEO
$8.98
+0.15
(+1.68%)
NEM
$0.04
0
(+2.5%)
DigitalCash
$64.57
-0.38
(-0.58%)
Tether
$1.00
-0
(-0.01%)
Binance Coin
$331.28
+2.45
(+0.74%)
QTUM
$2.92
+0.09
(+3.16%)
Verge
$0.00
0
(+3.15%)
Ontology
$0.24
+0.01
(+3.56%)
ZCash
$46.51
+0.65
(+1.42%)
Steem
$0.23
-0
(-0.23%)

Litecoin (LTC) Price Due For Short-Term Correction With Start Of The Week!

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Litecoin (LTC) has been showing an excellent fightback from the start of this month. In the last two weeks, there has been a fresh decline in Bitcoin, Ethereum, and Litecoin. LTC ended August on a bearish note below the $55 price level. However, it recovered from its prices and broke the $60 mark this month. According to some observations and indicators, Litecoin can see a slight slip below $60 this week.

Litecoin Can See A Decline Again!

Litecoin (LTC) is one of the sufferers of the bloodbath in the crypto winter. Most of the top cryptocurrencies are down by 80% this year. Litecoin works on the proof-of-work (PoW) mechanism, and its price largely depends on miners’ dominance. Any kind of negative sentiment from miners would act as a price indicator of incoming bearish pressure in Litecoin’s price. 

The Puell Multiple is an essential indicator to help find out the following price action if miners tend to sell off. The Puell Multiple provides the exact profitability of miners at any given range. Litecoin’s price surged this month as the Puell Multiple showed a green candle with the highest value in the last 30 days. 

According to glassnode