The Litecoin [LTC] and the Cardano [ADA] are two currencies that are frequently being attacked in the last week, approximating to any currency in the cryptocurrency market. Litecoin by 3.06%, Cardano lost 5.6% of its value.
The bearish week left its mark with a loss of 10.3% and 10.1% respectively for Litecoin and Cardano. It is also indicative of a broader trend in the cryptocurrency market. As a result, the bear took the opportunity to lower prices, leading to a downward spiral in prices and interest rates.
The value of Bitcoin’s “Silver vs. Gold” has dropped significantly since the beginning of this week and around $ 55 at the time. The currency narrowed to $ 53.7 before rebounding to $ 54.4 and returned to $ 53 on the 8th.
Then, on November 11, we saw a sharp drop of $ 50.3, followed by a new drop of $ 49.6 today. Litecoin then rebounded to $ 50.2 before falling below $ 49.5. It is now trading at $ 49, with market capitalization at $ 7 billion in general capitalization.
Cardano saw a steady decline from $ 0.08 to $ 0.070 the next day over the week. The currency returned to $ 0.79 on the 8th and showed an impressive recovery. Over the next two days, however, the price continues to decline, investors to buy on November 10 at a low price of $ 0.074.
On November 12, it edged up to $ 0.076 before dropping steadily to $ 0.073, creating an atmosphere before today’s demise. It is currently trading at $ 0.071 with a market capitalization of $ 1.84 billion.
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