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The A to Z of what Litecoin is missing and what it needs
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Litecoin, one of the market’s oldest cryptos, has seen its own share of ups and downs over the years. More often than not, this altcoin has unhesitantly followed Bitcoin’s pre-carved footsteps.
The last couple of days have been quite deterring for Bitcoin and most other large-cap coins. Litecoin wasn’t spared from the wider melancholy either.
Towards the end of November, LTC’s price typically revolved around $220. Post that, however, it embarked on a southbound journey. At the time of this analysis, the altcoin was exchanging hands around $158.
Well, apart from Bitcoin’s downtrend playing spoilsport, a host of other intertwined factors have collectively put Litecoin in a fix.
To begin with, take the case of Grayscale’s Litecoin Trust itself.
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