#TradersShiftBTCToStablecoins
Litecoin is taking a hit along with the market as expectations rise for LitVM.$LTC
@Litecoin As of this writing, Litecoin is trading at $52.5, showing daily losses of 0.7%, weekly losses of 3.5%, and monthly losses of 6.5%. The price of the token is moving in line with the overall trend of the crypto market.
#Litecoin #LitVM
What's behind LTC's drop?
$LTC is falling due to the overall downturn in the crypto market and bearish signals present in the sector. Additionally, this cryptocurrency currently has few bullish catalysts. With a halving not expected until 2027, and although Canary Capital and other issuers have ETF applications for Litecoin under review by the SEC, the chances of a sustained rally in the short term are slim.
However, today brings some positive news: backed by the Litecoin Foundation and advised by Charlie Lee, the creator of Litecoin, Lunar Digital Assets has launched LiteForge, the testnet for LitVM, a layer 2 solution compatible with EVM built on the Litecoin network.
Litecoin is taking a hit along with the market as expectations rise for LitVM.$LTC
@Litecoin As of this writing, Litecoin is trading at $52.5, showing daily losses of 0.7%, weekly losses of 3.5%, and monthly losses of 6.5%. The price of the token is moving in line with the overall trend of the crypto market.
#Litecoin #LitVM
What's behind LTC's drop?
$LTC is falling due to the overall downturn in the crypto market and bearish signals present in the sector. Additionally, this cryptocurrency currently has few bullish catalysts. With a halving not expected until 2027, and although Canary Capital and other issuers have ETF applications for Litecoin under review by the SEC, the chances of a sustained rally in the short term are slim.
However, today brings some positive news: backed by the Litecoin Foundation and advised by Charlie Lee, the creator of Litecoin, Lunar Digital Assets has launched LiteForge, the testnet for LitVM, a layer 2 solution compatible with EVM built on the Litecoin network.