Evaluating The Performance Of Litecoin (LTC) In A Bear Market

Evaluation of Litecoin (LTC) performance on the bear market

The cryptocurrency market has experienced significant fluctuations in recent years, as Bitcoin and other altcoins have strongly influenced market trends. In 2018, Litecoin (LTC), an open source Peer-to-Peer electronic cash system, experienced its own bear markets, whose viability was tested as a value shop.

Background on Litecoin

Litecoin, launched in 2011, is designed to be faster and lighter than Bitcoin, with about 2.5 minutes of block, compared to 10 minutes of Bitcoin. This allows for faster transaction processing times, so Litecoin offers an attractive opportunity for users who require quick access to digital cash.

Bear markets: value landing

In January 2018, Litecoin has experienced its first main bear market since the introduction of August 2016. The downturn was attributed to a combination of factors, including increased regulatory checks and created cryptocurrencies such as Bitcoin Cash (BCH) and Ethereum Classic (Ethereum Classic, etc.).

Significant value of the market is decreasing as the LTC lost more than 90% of its value in just two months. This is the first time Litecoin has experienced such a large bear market.

Power under the bear market

During this period, the price of LTC remained relatively stable, with a reduction of 1-2%daily. As the market began to recover, the token’s performance accelerated, with some analysts predicting a possible re -appearance to the green area.

On December 10, 2018, Litecoin experienced its first major boom since January Medvegiac. In just one day, the coin reached about 50% of its pre -karmal market value, indicating one of the most significant commemorations of the last memory.

Evaluation of performance

To understand Litecoin’s performance, we analyze some key indicators:

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Price : The average daily price of LTC was about $ 180-200 per coin during the bear market.

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• Market Cap

  

  : LTC’s market capitalization was about $ 1 billion on its peak in January 2018.

Factors that contribute to recovery

Many factors contributed to the healing of Litecoin from the bear market:

• Regulatory changes : Regulatory control and uncertainty surrounding Kryptovaluta Square increased from investors to LTC, allowing token back to the token.

• Competition : The appearance of new cryptocurrencies such as Bitcoin Cash (BCH) and Ethereum Classic (etc) could withdraw investors from Litecoin.

• Technical issues : Technical issues related to the Litecoin network, such as halving a temporary block in February 2018, also contributed to recovery.

Conclusion

Litecoin’s performance in the bear market was not remarkable. Despite being faced with significant losses, the price of the token bounced back and was attracted to investors. It is essential to note, however, that this is only one case, and Litecoin continues to face strict competition for other cryptocurrencies in the market.

As the cryptocurrency markets continue to develop, understanding the factors contributing to the performance of the coin can provide valuable insight into investors who want to take advantage of future opportunities.

Recommendations

If you are considering investing in litecoin or any other cryptocurrency, here are some key taking:

• Be informed : Keep up with market news and trends to make well -founded investment decisions.

• Diversify : Distribute your investments to a multitude of cryptocurrencies to minimize risk.

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Understanding Impact Bitcoin