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 following.



 Bitcoin dropped from $9,100 to $3.700 during the Coronavirus crash of mid-March.
 At the time of writing this, BTC is trading at $9,450. BTC’s current value is 103% of its pre-crash price.
 Ethereum dropped from $250 to $87 during the crash. At the time of writing this, ETH is trading at $214.
 ETH’s current value is 85.6% of its pre-crash price.
 Litecoin seems to be lagging both BTC and ETH in its recovery from the Coronavirus crash of March.


Read the full topic at
https://en.ethereumworldnews.com/litecoins-ltc-struggles-to-recover-from-marchs-coronavirus-crash/
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