Reasons Why the Value of LTC Is Expected To Skyrocket Again (Litecoin (LTC) Price Prediction 2018) – Mon Nov 12

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Reasons Why the Value of LTC Is Expected To Skyrocket Again (Litecoin (LTC) Price Prediction 2018) – Mon Nov 12

Post by howlermunkey » Mon Nov 12, 2018 8:20 am

The first quarter of this year and the better part of the second quarter has been terrible for Litecoin. When the value of the coin started depreciating at the beginning of the year, a lot of people thought it was just a normal retracement because of the massive leap that the digital currency had made at the end of last year.

This time around, the trendline of the bears went too far. Sometimes, the digital currency acts like it wants to continue a bull run only to end up making a significant decline than before. This has made coin holders to lose interest in the coin and opted to sell the coin at a loss.

Nevertheless, considering the factors that are presently at play, Litecoin could be heading for better days. Due to some underlying developments, the value of Litecoin (LTC) is expected to increase again anytime soon. Here are some factors that could cause this to happen.

Litecoin Has Become Oversold
At the moment, Litecoin (LTC) is in the oversold territory. The value of Litecoin declined drastically, and there are so much panic selling and market overreaction. Almost all LTC holders are considering selling. In the financial market, when an asset goes deep into the oversold zone, the value of the asset is expected to rebound in no time.


https://smartereum.com/18972/litecoin-n ... on-nov-12/

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