The world's sixth largest cryptocurrency by market capitalization fell to $84.39 at 14:00 UTC – its lowest level since November 29, according to CoinDesk's Litecoin Price Index and was last seen at $85.19, down more than 12 percent on the day.
Litecoin's (LTC) price hit a seven-month low on Friday as the cryptocurrency markets turned risk-averse.
Further, its market capitalization stands at $4.88 billion, the lowest level since December 1. Meanwhile, EOS is down 15.6 percent and is the biggest loser among top 10 cryptocurrencies by market capitalization.
Other major cryptocurrencies are also flashing red. Names like ethereum (ETH), cardano (ADA), bitcoin cash (BCH) have depreciated by at least 10 percent each.
The risk aversion will likely worsen as the technical charts show bitcoin could find acceptance below $6,000 (February low) and extend losses towards $5,000 mark in the short-term.
Bitcoin (BTC), the world's largest cryptocurrency by market capitalization, fell to fresh 100-day low below $6,100 and likely dragged other markets lower with it. As of press time, BTC was trading at $6,129.74, down 8.6 percent since the start of Friday's trading session.
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This is just a bulish period and i can see a bull run and price rally is coming soon. Noobs are selling thier coins because of fear and experts, experienced crypto players and whales are waiting for noobs to exit market so that they can enter the market at the lowest price possible and for sure after that particular time you will see 20 to 50 percent in hike in price.
Litecoin is one those coins where we can put our money without worrying too much. So its a great chance to buy more at this rate.
Yes, am gonna buy more
Litecoin has grt future..so never panic
True. Thanks for your opinion