Why Litecoin Is Moving
Portfolio Pulse from Henry Khederian
Litecoin (LTC) is trading lower by 3.7% to $82.03, influenced by a pullback in Bitcoin after it hit a new all-time high. Bitcoin's performance often affects the broader cryptocurrency market, including Litecoin, as investors adjust their positions based on Bitcoin's movements.
March 18, 2024 | 4:30 pm
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Litecoin's price has decreased by 3.7% to $82.03, following a marginal pullback in Bitcoin after reaching a new all-time high.
Litecoin's price movement is closely tied to Bitcoin's performance. As Bitcoin pulled back from its all-time high, it led to a decrease in Litecoin's price due to the interconnected nature of the cryptocurrency market. Investors often view Bitcoin as a market leader, influencing the price direction of altcoins like Litecoin.
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