Bitcoin’s share of the overall cryptocurrency market rose again on Monday, getting ever closer to the dangerous halfway mark.
Since the rise of BTC dominance generally rises at Litecoin’s expense (LTC market share fell from about 2.02% to roughly 1.91%), no other Litecoin news was needed to push LTC price forecast lower.
At the time of writing, the Litecoin to USD exchange rate fell around 3.83% to land near $52.14. The Litecoin to Bitcoin exchange rate, however, only depreciated 1.14%.
Trading volumes fell across the past week, from $220.36-million to.
The post Litecoin Price Forecast: LTC Slumps as BTC Dominance Rises to 49.6% appeared first on Profit Confidential.
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Litecoin Price Forecast: LTC Slumps as BTC Dominance Rises to 49.6%
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