Litecoin performance evaluation (LTC) in market bears
The encryption market and the encryption market has seen considerable fluctuations in recent years, with bitcoins and other altcoins are strongly influenced by market trends. In 2018, he tried Litecoin (LTC), the electronic code of code-to-a-dia, experienced his own set of Bears markets that tested his viability as a warehouse value.
Litecoin background
Litecoin, released in 2011, is designed to be faster and lighter than Bitcoin, with a block time of approximately 2.5 minutes compared to 10 minutes of bitcoins. This allows faster transaction processing times, making Litecoin an attractive option for users who need quick access to digital money.
Low Markets: Value Descent
In January 2018, Litecoin experienced its first main market with bears since the introduction of Token in August 2016. The decline was attributed to a combination of factors, including increased regulatory control and introduced cryptocurrency competition, such as Bitcoin Cash (BCH) and the classic Ethereum (etc.).
The market had a significant decrease in value, with LTC lost more than 90% of its value in just two months. This meant the first time Litecoin has experienced a bear -size bear market.
Performance during the low market
During this period, the price of LTC remained relatively stable, with a daily decline of approximately 1-2%. However, when the market began to recover, token’s performance was accelerated, and some analysts predicted a possible re -greenery of green territory.
On December 10, 2018, Litecoin experienced its first significant recovery since the success of the low market in January. Coins have gained about 50% of their pre -prior market value per day, indicating one of the most important price jumps in the last memory.
Performance evaluation
To understand the performance of Litecoin during this period, analyze some metrics -chave:
- Price : The average daily price of LTC during the low market was about $ 180-200 per currency.
- Volume : The trading volume for LTC in the same period was, on average, about 20,000 to 30,000 pieces per day.
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Market ceiling : LTC market capitalization was approximately US $ 1 billion in its peak in January 2018.
Factors that contribute to recovery
Several factors contributed to the Litecoin reform of the low market:
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- Competition : The emergence of new cryptomenos, such as Bitcoin Cash (BCH) and Ethereum Classic (etc), can divert Litecoin investors.
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Conclusion
Litecoin’s performance during the low market was not remarkable. Although they face significant losses, the price of token has been reflected and gained strength among investors. However, it is necessary to observe that this is only one case and Litecoin still faces a harsh competition from other cryptomics in the market.
As cryptums continue to develop, understanding the factors that contribute to the performance of currencies during Teddy markets can provide investors in valuable information that is trying to take advantage of future opportunities.
Recommendations
If you are thinking of investing in Litecoin or other cryptocurrency, there are several -chave messages:
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- Diversify : Distribute your investments to a series of cryptocurrencies to minimize risk.
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