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Litecoin performance evaluation (LTC) in a Bärische Markt
The cryptocurrency market has had considerable fluctuations in recent years, with Bitcoin and other height being strongly influenced by market trends. In 2018, Litecoin (LTC), an open electronic cash system, experienced its own brave markets, which tested their viability as a value camp.
Background on Litecoin
Litecoin was released in 2011 and is designed so that they are faster and lighter than Bitcoin, with a block time of approx. 2.5 minutes compared to the 10 minutes Bitcoin. This enables faster processing times of the transaction, which makes Litecoin an attractive option for users who need quick access to digital cash.
Bear markets: a waste of value
In January 2018, Litecoin had experienced its first major bear market since the introduction of token in August 2016. The decline was attributed to a combination of factors, including the increase in regulatory examination and the competition of cryptocurrencies that set up as Bitcoin Cash (BCH) and Ethereum were classic (etc).
The market recorded a significant value, with LTC lost more than 90% of its value in just two months. This was the first time that Litecoin had experienced a bearish market with such a size.
Performance during the bear market
During this period, the price for LTC remained relatively stable with a daily decline of around 1-2%. However, when the market recovered, accelerated token’s performance and some analysts predict a possible resolution in the green area.
On December 10, 2018, Litecoin experienced his first important relaxation from the bear market in January. The currency won about 50% of its market value before the loading of just one day and marked one of the most important price jump in the latest memory.
Performance evaluation
In order to understand Litecoin’s performance during this period, we analyze some important metrics:
- Price : The average daily price for LTC during the bear market was around $ 180 to $ 200 per currency.
- Volume : The negotiation volume for LTC in the same period was around 20,000 to 30,000 units per day.
- Market captain : The LTC market capitalization was around 1 billion US dollars in January 2018.
Factors that contribute to recovery
Several factors contributed to the recovery of Litecoin from the bear market:
- Regulatory changes : The increase in regulatory examination and the uncertainty in connection with the cryptocurrency area may have condemned investors to buy LTC so that the token can recover.
- Competition : The appearance of new cryptocurrencies such as Bitcoin Cash (BCH) and Ethereum Classic (etc.) may have deflected Litecoin investors.
- Technical problems : Technical problems with the Litecoin network, such as B. in February 2018, possibly contributed to recovery.
Diploma
Litecoin’s performance during the bear market was remarkable. Despite significant losses, the price for tokens recovered and gained investors to investors. However, it is important to consider that this is just one example, and Litecoin is still confronted with hard competition from other cryptocurrencies on the market.
If the cryptocurrency markets develop, you can understand that the factors that contribute to the performance of a currency during the bear markets can provide valuable information for investors who want to take advantage of future opportunities.
recommendations
If you are considering investing in Litecoin or in another cryptocurrency, you will find some important conclusions here:
- Stay informed : Stay up to date with market messages and trends to make well -founded investment decisions.
- Diversification
: Extend its investments in a number of cryptocurrencies to minimize the risk.
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