Litecoin (LTC) Struggles to Recover from March’s Coronavirus Crash
Litecoin is lagging behind Bitcoin and Ethereum in recovering from the Coronavirus crash witnessed in March. In summary: Bitcoin and Ethereum have regained losses witnessed during the Coronavirus crash of mid-March. Litecoin seems to be struggling to regain a footing after dropping below $50. LTC risks losing the $40 psychological support. However, the weekly chart prints a falling wedge offering some hope for investors. Savvy crypto traders and investors have realized a certain sense of consolidation with regards to the price movement of Litcoin (LTC) after the Coronavirus crash of mid-March. During the event, LTC dropped from $64 to a local low of approximately $25. At the time of writing this, Litecoin is valued at $44. The latter value is 68% of its pre-crash price of $64. Litecoin is Lagging Behind Bitcoin and Ethereum Doing a similar analysis on Bitcoin and Ethereum during and after the Coronavirus crash of mid-March, we observe the ...