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Litecoin has lost nearly 30% moving in sync with the market with hopes of comeback

Litecoin, along with other crypto currencies, has seen a dramatic loss due to huge market sell offs. So what is next? To take a look back, Litecoin is the third-largest digital assets with a market value of $2 billion.

Looking at Litecoin from a long term perspective, you can expect to see profits from recent prices. Litecoin will have to cross the $38 mark to see larger gains heading into the $40’s, since $38 was the price that led to large sell offs as people took their profits from the quick rise. Litecoin’s average daily transactions has jumped to $7 billion, more than 3 times it’s market cap and you can expect to see large amounts of trades in the upcoming weeks.

March 14, 2020

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