Litecoin (LTC) price is down today, mirroring downside moves elsewhere in the crypto market.
On July 5, the LTC price dropped over 3% to $100.50. On the same day, the crypto market’s overall capitalization fell 2%, suggesting traders have started securing profits at the local tops of multiple cryptocurrencies.
LTC/USD daily price chart vs. crypto market capitalization. Source: TradingViewLitecoin’s RSI turns “overbought’
Litecoin rallied by more than 65% to reach a year-to-date (YTD) high of $116 on July 2.
The gains appeared primarily due to euphoria around its halving in August and its listing on EDX Markets, a…