{"id":548022,"date":"2023-08-19T08:56:11","date_gmt":"2023-08-19T08:56:11","guid":{"rendered":"https:\/\/ktsl888.com\/?p=548022"},"modified":"2023-08-19T08:56:39","modified_gmt":"2023-08-19T08:56:39","slug":"litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/","title":{"rendered":"Litecoin Price Plunges To Sub-$70 Territory – What Traders Should Expect"},"content":{"rendered":"

Litecoin (LTC), the altcoin often dubbed as “silver to Bitcoin’s gold,” has found itself caught in the downward spiral of the cryptocurrency market, mirroring the struggles of its larger counterpart. <\/span><\/p>\n

While LTC’s association with Bitcoin has long been a double-edged sword, the recent price crash is putting on the spotlight the intricate interplay between these digital assets.<\/span><\/p>\n

As Bitcoin (BTC) grapples with a precipitous decline, currently trading below $26,000, the impact reverberates across the broader crypto landscape. LTC, trading at $64.15 according to <\/span>CoinGecko<\/span><\/a>, has encountered a 1.5% drop over the last 24 hours, contributing to a week-long slump of 23.2%.<\/span><\/p>\n

Litecoin Loses Grip On The $70 Handle<\/strong><\/h2>\n

\"\"<\/p>\n

LTC price action on a weekend. Source: Coingecko<\/a><\/pre>\n
This downturn prompted a cascade of over $1 billion worth of position liquidations within a 24-hour window, a testament to the market’s heightened volatility.<\/span><\/p>\n
\n
Related Reading: PEPE Coin Could Take The Spotlight After Shibarium Debut \u2013 Here\u2019s Why<\/a><\/div>\n<\/div>\n
In the midst of intraday trading, Litecoin momentarily dipped to the $60 mark before staging a recovery. This decline has pushed LTC to year-to-date lows, ominously edging toward the lows witnessed in December 2022.<\/span><\/p>\n
Yet, understanding the dynamics behind LTC’s struggle requires delving into its intricate relationship with the alpha coin<\/span><\/p>\n
Litecoin Price Dependence On Bitcoin<\/strong><\/h2>\n
The intrinsic connection between Litecoin and Bitcoin has both bolstered and hampered LTC’s journey. Historically positioned as a complementary alternative to Bitcoin, Litecoin carved its niche by embracing faster transaction speeds and a different mining algorithm. <\/span><\/p>\n
However, the symbiotic relationship between these two cryptocurrencies also makes Litecoin susceptible to Bitcoin’s market movements.<\/span><\/p>\n
<\/p>\n
LTC market cap reached $4.7 billion on the weekend chart: TradingView.com<\/a><\/pre>\n
Litecoin’s recent setback underscores this interdependence. Analysts contend that <\/span>Litecoin’s price trajectory<\/span><\/a> has often mirrored Bitcoin’s, with downturns accentuated by its role as a secondary asset. <\/span><\/p>\n
While Litecoin offers distinct utility, its fate remains intertwined with the broader market sentiment and Bitcoin’s performance. This connection has led to LTC’s price behavior echoing Bitcoin’s, both in its drops and potential recoveries.<\/span><\/p>\n
Navigating The Path Ahead: Key Levels To Watch<\/strong><\/h3>\n
As Litecoin navigates this challenging terrain, crucial support and resistance levels come into play. Analysts are closely monitoring a potential consolidation of losses within the range of $56 to $70, contingent on Bitcoin’s further losses. The $70 mark represents a pivotal point, indicating bullish intent if breached, and an edge for the bulls only above $75.<\/span><\/p>\n
\"Litecoin\"<\/p>\n
LTC seven-day price action. Source: Coingecko<\/a><\/pre>\n
Related Reading: PayPal And The Crypto Conundrum: Understanding The UK Sales Suspension<\/a><\/div>\n
Key resistance levels lie at $70 and $78.5, acting as hurdles on <\/span>LTC’s potential recovery<\/span><\/a> journey. Conversely, essential support levels rest at $50.5 and $42, indicating the critical junctures that could either exacerbate LTC’s downturn or potentially pave the way for resilience.<\/span><\/p>\n
As the market continues to evolve, the lessons from these fluctuations offer valuable insights into the evolving nature of digital assets and the nuanced relationships that underpin their value fluctuations.<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from <\/span>Coin Insider<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Litecoin (LTC), the altcoin often dubbed as “silver to Bitcoin’s gold,” has found itself caught in the downward spiral of the cryptocurrency market, mirroring the struggles of its larger counterpart. While LTC’s association with Bitcoin has long been a double-edged sword, the recent price crash is putting on the spotlight the intricate interplay between these digital assets. As Bitcoin (BTC) grapples with a precipitous decline, currently trading below $26,000, the impact reverberates across the broader crypto landscape. LTC, trading at $64.15 according to CoinGecko, has encountered a 1.5% drop over the last 24 hours, contributing to a week-long slump of 23.2%. Litecoin Loses Grip On The $70 Handle LTC price action on a weekend. Source: Coingecko This downturn prompted a cascade of over $1 billion worth of position liquidations within a 24-hour window, a testament to the market’s heightened volatility. Related Reading: PEPE Coin Could Take The Spotlight After Shibarium Debut \u2013 Here\u2019s Why In the midst of intraday trading, Litecoin momentarily dipped to the $60 mark before staging a recovery. This decline has pushed LTC to year-to-date lows, ominously edging toward the lows witnessed in December 2022. Yet, understanding the dynamics behind LTC’s struggle requires delving into its intricate relationship with the alpha coin Litecoin Price Dependence On Bitcoin The intrinsic connection between Litecoin and Bitcoin has both bolstered and hampered LTC’s journey. Historically positioned as a complementary alternative to Bitcoin, Litecoin carved its niche by embracing faster transaction speeds and a different mining algorithm. However, the symbiotic relationship between these two cryptocurrencies also makes Litecoin susceptible to Bitcoin’s market movements. LTC market cap reached $4.7 billion on the weekend chart: TradingView.com Litecoin’s recent setback underscores this interdependence. Analysts contend that Litecoin’s price trajectory has often mirrored Bitcoin’s, with downturns accentuated by its role as a secondary asset. While Litecoin offers distinct utility, its fate remains intertwined with the broader market sentiment and Bitcoin’s performance. This connection has led to LTC’s price behavior echoing Bitcoin’s, both in its drops and potential recoveries. Navigating The Path Ahead: Key Levels To Watch As Litecoin navigates this challenging terrain, crucial support and resistance levels come into play. Analysts are closely monitoring a potential consolidation of losses within the range of $56 to $70, contingent on Bitcoin’s further losses. The $70 mark represents a pivotal point, indicating bullish intent if breached, and an edge for the bulls only above $75. LTC seven-day price action. Source: Coingecko Related Reading: PayPal And The Crypto Conundrum: Understanding The UK Sales Suspension Key resistance levels lie at $70 and $78.5, acting as hurdles on LTC’s potential recovery journey. Conversely, essential support levels rest at $50.5 and $42, indicating the critical junctures that could either exacerbate LTC’s downturn or potentially pave the way for resilience. As the market continues to evolve, the lessons from these fluctuations offer valuable insights into the evolving nature of digital assets and the nuanced relationships that underpin their value fluctuations. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Coin Insider<\/p>\n","protected":false},"author":557,"featured_media":548040,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,1144,8686,10,2829,4735],"class_list":["post-548022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-btcusd","tag-ethusd","tag-litecoin","tag-ltc-price","tag-price-action"],"acf":[],"yoast_head":"\nLitecoin Plunges To Sub-$70 Level - What Traders Should Expect<\/title>\n<meta name=\"description\" content=\"Litecoin (LTC), the altcoin often dubbed as "silver to Bitcoin's gold," has found itself caught in the downward spiral of the cryptocurrency market,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Litecoin Plunges To Sub-$70 Level - What Traders Should Expect\" \/>\n<meta property=\"og:description\" content=\"Litecoin (LTC), the altcoin often dubbed as "silver to Bitcoin's gold," has found itself caught in the downward spiral of the cryptocurrency market,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-19T08:56:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-19T08:56:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/a-104.png\" \/>\n\t<meta property=\"og:image:width\" content=\"868\" \/>\n\t<meta property=\"og:image:height\" content=\"536\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Litecoin Price Plunges To Sub-$70 Territory – What Traders Should Expect\",\"datePublished\":\"2023-08-19T08:56:11+00:00\",\"dateModified\":\"2023-08-19T08:56:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/\"},\"wordCount\":499,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/a-104.png?fit=868%2C536\",\"keywords\":[\"altcoins\",\"btcusd\",\"ethusd\",\"Litecoin\",\"ltc price\",\"Price action\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/\",\"url\":\"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/\",\"name\":\"Litecoin Plunges To Sub-$70 Level - What Traders Should Expect\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/a-104.png?fit=868%2C536\",\"datePublished\":\"2023-08-19T08:56:11+00:00\",\"dateModified\":\"2023-08-19T08:56:39+00:00\",\"description\":\"Litecoin (LTC), the altcoin often dubbed as \\\"silver to Bitcoin's gold,\\\" has found itself caught in the downward spiral of the cryptocurrency market,\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/a-104.png?fit=868%2C536\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/a-104.png?fit=868%2C536\",\"width\":868,\"height\":536,\"caption\":\"Litecoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Litecoin Price Plunges To Sub-$70 Territory – What Traders Should Expect\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ktsl888.com\/#website\",\"url\":\"https:\/\/ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\",\"name\":\"Christian Encila\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"caption\":\"Christian Encila\"},\"description\":\"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.\",\"sameAs\":[\"jomarjet01\"],\"url\":\"https:\/\/ktsl888.com\/author\/jomarjet01\/\"}]}<\/script>\n","yoast_head_json":{"title":"Litecoin Plunges To Sub-$70 Level - What Traders Should Expect","description":"Litecoin (LTC), the altcoin often dubbed as \"silver to Bitcoin's gold,\" has found itself caught in the downward spiral of the cryptocurrency market,","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/","og_locale":"en_US","og_type":"article","og_title":"Litecoin Plunges To Sub-$70 Level - What Traders Should Expect","og_description":"Litecoin (LTC), the altcoin often dubbed as \"silver to Bitcoin's gold,\" has found itself caught in the downward spiral of the cryptocurrency market,","og_url":"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-08-19T08:56:11+00:00","article_modified_time":"2023-08-19T08:56:39+00:00","og_image":[{"width":868,"height":536,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/a-104.png","type":"image\/png"}],"author":"Christian Encila","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Christian Encila","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/"},"author":{"name":"Christian Encila","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80"},"headline":"Litecoin Price Plunges To Sub-$70 Territory – What Traders Should Expect","datePublished":"2023-08-19T08:56:11+00:00","dateModified":"2023-08-19T08:56:39+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/"},"wordCount":499,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/a-104.png?fit=868%2C536","keywords":["altcoins","btcusd","ethusd","Litecoin","ltc price","Price action"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/","url":"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/","name":"Litecoin Plunges To Sub-$70 Level - What Traders Should Expect","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/a-104.png?fit=868%2C536","datePublished":"2023-08-19T08:56:11+00:00","dateModified":"2023-08-19T08:56:39+00:00","description":"Litecoin (LTC), the altcoin often dubbed as \"silver to Bitcoin's gold,\" has found itself caught in the downward spiral of the cryptocurrency market,","breadcrumb":{"@id":"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/a-104.png?fit=868%2C536","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/a-104.png?fit=868%2C536","width":868,"height":536,"caption":"Litecoin"},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Litecoin Price Plunges To Sub-$70 Territory – What Traders Should Expect"}]},{"@type":"WebSite","@id":"https:\/\/ktsl888.com\/#website","url":"https:\/\/ktsl888.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80","name":"Christian Encila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","caption":"Christian Encila"},"description":"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Litecoin Price Plunges To Sub-$70 Territory – What Traders Should Expect","url":"http:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/a-104.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/a-104.png?fit=868%2C536"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","btcusd","ethusd","litecoin","ltc price","price action"],"dateCreated":"2023-08-19T08:56:11Z","datePublished":"2023-08-19T08:56:11Z","dateModified":"2023-08-19T08:56:39Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Litecoin Price Plunges To Sub-$70 Territory – What Traders Should Expect\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/litecoin-price-plunges-to-sub-70-territory-what-traders-should-expect\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/a-104.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/a-104.png?fit=868%2C536\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"btcusd\",\"ethusd\",\"litecoin\",\"ltc price\",\"price action\"],\"dateCreated\":\"2023-08-19T08:56:11Z\",\"datePublished\":\"2023-08-19T08:56:11Z\",\"dateModified\":\"2023-08-19T08:56:39Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/08\/a-104.png?fit=868%2C536","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/548022"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=548022"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/548022\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/548040"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=548022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=548022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=548022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}