Litecoin (LTC): Bearish Downturn
Litecoin (LTC) has been facing challenging times. Namely, the price of Litecoin has fallen by 14.3% in the past 30 days.
In recent Litecoin news, the third halving event was completed by Litecoin. However, this development did not help the Litecoin cryptocurrency as the bears took control. In fact, Litecoin even fell to $80.52.
This bearish trend continues, with the Litecoin price currently sitting at $83.11 with a market cap of $6.1B, down 14.86% overnight. Additionally, its trading volume plummeted by 20% to $242,484,931. With all these red charts, many Litecoin holders are trying to find new ways to diversify their portfolios.
Bitcoin Cash (BCH): Losses Continue
Bitcoin Cash (BCH) has been facing persistent bearish pressure, with its price chart showing a trend of decreasing value. As one of the prominent cryptocurrencies in the market, BCH’s struggle to maintain its value has caused concern among traders.
Recently, Bitcoin Cash miners withdrew $263 million in tokens, causing the price of Bitcoin Cash to plummet. In the past 30 days alone, Bitcoin Cash has lost 20.2% of its value. The Bitcoin Cash cryptocurrency is trading at $227.79 with a market cap of $4.4B and is down 2.65% in the past 24 hours.
Furthermore, the technical analysis of Bitcoin Cash paints a bearish picture as all its moving averages are showing sell signals. Therefore, many experts expect the Bitcoin Cash price to continue to fall. Therefore, investors are choosing alternative projects with greater upside potential instead of this cryptocurrency.