Litecoin price death cross point sa mas maraming downside bago ang data ng US CPI
Balita ng Ethereum ng Bitcoin Litecoin price formed a death cross pattern on August 17th. LTC and other coins are suffering from weak fundamentals. The focus now shifts to the upcoming US inflation data. Litecoin price plunged to the lowest level since November 2022 as investors wait for the upcoming US consumer price index (CPI) data. The LTC coin plunged to a low of $60, meaning it has dropped by over 36% since its halving in August and by almost 50% from its highest level this year. Darating ang data ng inflation ng US Litecoin and other cryptocurrencies have been in a strong bearish trend in the past few months as demand dropped. The most recent data by The Block shows that the total volume of crypto traded in centralized exchanges (CEX) dropped to the lowest level since 2020 in August. There are two main reasons why Litecoin price has dropped. First, there are serious regulatory concerns in the industry after the Securities and Exchange Commission (SEC) sued Coinbase and Binance. There are two main positives about these lawsuits. First, we believe that they will take a long time to complete. The Ripple vs SC case took more than three years. Second, crypto companies have shown that they