Litecoin [LTC] registers this milestone despite a huge liquidity plunge
Litecoin’s sell pressure was strong enough to push below the 200-day moving average, albeit briefly. It managed to pull back above the same indicator at the time of writing. However, the price remains within the oversold territory.LTC’s price is not the only aspect of the cryptocurrency that has been experiencing a downside.
The demand for cryptocurrency tanked this week, in line with the spot market performance.Source: SantimentHowever, it was short-lived and has since then tanked back to its monthly lows. A potential reason for a negative impact on investor sentiment. Speaking of, the weighted sentiment also tanked at the start of March.Despite the shortcomings in the development activity and the heavy price discount, Litecoin’s weighted sentiment registered a large uptick in the last two days.
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