Litecoin Price Falls 11%

Over the past seven days, eight of the top ten altcoins have decreased in price. Six of these, including the litecoin price, the Dogecoin price, and the Darkcoin price have fallen by more than 10%. CCN examines this altcoin price decline.

Litecoin investors may have thought the recent revelation of a security vulnerability within the Ripple protocol would have enabled Litecoin to reclaim the second spot on the market cap charts. However, the litecoin price has been in decline as well, falling 11% in the past week.

After peaking at 1,149,303 satoshis, the litecoin price fell steadily over the course of the week. At press time, the litecoin price was 1,007,123 satoshis.Litecoin currently has a market cap of $125,858,478, ranking it third among cryptocurrencies with a very comfortable lead over fourth-place BitSharesX (Market cap rankings via CoinMarketCap).

The BitSharesX price bore the brunt of the damage, declining 18.5% to 7,169 satoshis. But it was not the only coin besides litecoin to experience a price decline greater than 10%. The Dogecoin price fell 17% to 75 satoshis, the Ripple price fell 10% to 1,255 satoshis, the Nxt price fell 15% to 6,361 satoshis, and the Darkcoin price fell about 14% to 601,462 satoshis. MaidSafeCoin just missed the 10% threshold, falling 9% to 5,353 satoshis.

In fact, only two of the top ten altcoins experienced price increases. The Peercoin price rose almost 6% to 276,116 satoshis, and the Counterparty price–still riding the Overstock hype–increased by 44% to 899,925 satoshis. Shrewd investors should view this as an opportunity to pick up a variety of altcoins at discount prices.

source: https://www.cryptocoinsnews.com/litecoin-price-falls-11-amid-widespread-altcoin-decline/

Litecoin Price Falls 11%