Litecoin’s price dynamics have been indicating a strong downtrend since the past month. After reaching an all-time high in June 2019 at $146, the cryptocurrency has faced serious selling pressure. At the time of writing, Litecoin is trading at $72.30, showing a decline of almost 50% in 2 consecutive months. The halving was considered bullish for Litecoin but it failed to push the coin to new highs.
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