- LTC/USD has been buying and selling sideways for the previous week.
- The digital asset dropped to $20 inside one minute and recovered within the subsequent.
- The drop was felt on most exchanges however it was solely deep on Bitstamp.
Litecoin has been buying and selling sideways for fairly a while like the remainder of the cryptocurrency market. The digital asset began buying and selling at $46.5 in the present day on June 9 and reached a excessive of $46.88 proper earlier than the large flash crash that took it all the way down to $20.
The transfer solely lasted two minutes and Litecoin recovered to its unique value. The reason for this huge crash was more than likely somebody promoting an enormous quantity of Litecoin destroying the order ebook on Bitstamp. The transfer was notable sufficient to maneuver LTC/USD on different exchanges as properly.
LTC/USD every day chart
The every day chart of Litecoin appears to be like fairly ridiculous on Bitstamp after the flash crash which took out principally all of the assist ranges set in the course of the pandemic. Ignoring the current occasion, Litecoin remains to be buying and selling sideways however defending the every day 12-EMA, presently at $46.23. Litecoin additionally appears to be inside a every day equilibrium sample.
LTC/USD technical ranges
