Litecoin Price Is Stuck at $55 but Keeps BTC Losses in Check

It is evident all cryptocurrency markets are struggling for traction right now. More specifically, there is no top 10 cryptocurrency which is making any major market impact. The Litecoin price is taking a particular beating at present, although it is still a very resilient market. With the value dropping below US$55 once again, it remains to be seen how things will play out for Litecoin.

LTC Puts up a Good Fight

No one can deny the Litecoin price has been on a lot of people’s minds as of late. More specifically, a lot of cryptocurrency speculators are looking for new ways to make money while the Bitcoin price trend remains bearish. That is much easier said than done right now, even though the recent Litecoin price swings have certainly allowed some people to make a good amount of money on the side.

Over the past week, we have seen the Litecoin price rise from US$54.54 all the way to almost US$62 in short order. Ever since that time, it has been quite a challenge to keep the value around US$60, and those plans had to be abandoned eventually. In fact, we haven’t seen the Litecoin price surpass US$60 since October 21st. That is not

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