Litecoin resumes fall, hits $4.67, LTC/BTC below 0.009

Litecoin (LTC/USD) resumed its fall today in wild trade, falling as low as $4.67 on BTC-e. It has since climbed back to $5.07 but the Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term appears to be far from over.

Its declines up to the $7 mark had been protracted over several weeks. But once it broke through its $6.65 support level, the floodgates opened. Total losses over the past 48h stand at a staggering 31%. The selling during this period has been characterized by two sudden, sharp drops separated by 24h of stability.

The low of $4.67, set minutes ago, was even below the $4.85 mark reached yesterday during a period of flash selling.

Most other coins have also turned decidedly negative, although once again, Litecoin is among the hardest hit.

While 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 has declined by another 3.5%, Litecoin's selloff caused the LTC/BTC rate to fall to 0.0087- the lowest level since immediately prior to the multi-fold rise in crypto prices last November, when it traded at 0.0075. Recall that although Bitcoin has retained a large chunk of its gains from that rally, Litecoin has not. Therefore, we are approaching one of the lowest levels in the pair's history.