Litecoin (LTC/USD) price halved during the summer; what next?
Litecoin’s price halved in less than three months Buying the dip is risky despite a small head and shoulders pattern forming The dollar’s rally needs to stop for coins like Litecoin to reverse fortunes The US dollar registered one of the biggest rallies ever during summer . For example, it gained against the EUR for eleven consecutive weeks – the first time ever! It wasn’t only the EUR that the dollar strengthened against. In fact, it was a broad-based dollar strength, as it squeezed everything in its way higher. That means cryptocurrencies, too. Some of the cryptocurrencies fared better than others. For example, Bitcoin still holds close to its 2023 highs, moving in a horizontal consolidation for months. However, some other coins did not perform so well. Litecoin (LTC/USD) is one of them, as its price halved during the summer months. It was trading at $115 in July, only to drop to $60 in less than two mo...