So far this year, litecoin is already at its lowest price. Litecoin price (LTC) hit a seven-month low on Friday as the cryptocurrency markets turned risk-averse.
By market capitalization Litecoin which is the sixth largest cryptocurrency fell to $84. Litecoin price is currently at its lowest since November 29.
At press time, LTC is the third-biggest loser among top 10 cryptocurrencies by market capitalization and is reporting a 13.26 percent week-on-week drop, according to CoinMarketCap.
Further, its market capitalization stands at $4.88 billion, the lowest level since December 1.
But Litecoin price is not alone as other major cryptocurrencies are also flashing red. Names like ethereum (ETH), cardano (ADA), bitcoin cash (BCH) have depreciated by at least 10 percent each. Meanwhile, EOS is down 15.7 percent and is the biggest loser among top 10 cryptocurrencies by market capitalization.
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, fell to fresh 100-day low below $6,100 and likely dragged litecoin price and other markets lower with it.
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