Summary:
- The general downward price trend of the crypto market over the past week.
- The future of cryptocurrency success may lie in the hands of government policies and regulations.
Litecoin (LTC) future values are expected to rise based on current trader sentiment.
Since this morning the trading volume of Litecoin (LTC) decreased slightly, however we saw the price of the coin fall throughout the day today, this shows us that the price of LTC is not consistently supported or dependent on the trading volume. In general the cryptocurrency market experienced a decline in prices over the past few days and LTC has reflected the same outlook. However, this decline may not continue for much longer due to the changes in crypto regulations and government policies.
LTC-USD Price Chart
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IOTA price follows the same downward trend as other cryptos on the market.
The price of IOTA fell during the day today. The downward price trend of this coin has followed the same trend as the general crypto market over the past few days. We can probably expect to see this price rise as the government policies and regulations around cryptos are finalized.
IOTA USD Price Chart
Related article: Monetary Policy Drives EUR/USD, The Future of the EUR/GBP Awaits the Bank Of England's Speech - Good Morning Forex| FXMAG.COM
Cardano (ADA) price is still coming down off it's all-time high.
Over the past weeks ADA has been facing a continuous downward trend reflecting a bearish attitude toward the coin, however in light of the general downward price trend of the crypto market, this outlook is unsurprising.
ADA Price Chart
Sources: Finance.yahoo.com, namecoinnews.com
