Nearing Bottom? Litecoin Prices Consolidating After Rough September

Nearing Bottom? Litecoin Prices Consolidating After Rough September

Litecoin’s price has had a hard time in the fallout of China’s initial coin offering (ICO) ban. While both bitcoin and litecoin took a hit after the early September statement from Chinese regulators – followed by domestic cryptocurrency exchanges voluntarily ceasing to offer services in the aftermath – bitcoin quickly recovered and neared record highs against the US dollar this week. As litecoin support struggled, bitcoin seems to have benefitted from the rotation out of ether and ethereum -based tokens, triggered by fears of China-like ICO restrictions in other jurisdictions. Against the U.S. dollar, litecoin is now down by […]

Leave a Reply

Your email address will not be published. Required fields are marked *