LTC/BTC Falls below 0.09 as Litecoin Recouples with Bitcoin, Market Cap Falls below $100 Million

In the latest downturn in crypto markets, Litecoin (LTC/USD) has resumed its tracking and magnifying of Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term price action. Falling to $2.80 today, its percentage-based decline over the past week exceeds that of bitcoin.

The latest moves translates into a sharp drop in the LTC/BTC rate, which fell earlier to 0.00888 - its lowest point since the late August volatility.

LTC/BTC's 50-day moving average today slipped below 0.01 for the first time in at least two years, breaking previous lows set in early October. The new reality of depressed Litecoin prices may be an indication of market apathy for the coin, with technologies embracing smart contracts and decentralized Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term seemingly offering greater value.

The pair convincingly fell below its MA 48 hours ago after hovering near it for one week, and is now trading 10% below the level - its biggest offset in 3 weeks.

This week's tumble has also sent Litecoin's market to below $100 million for the first time since prior to its run-up during November last year.