Things are quickly turning south for the crypto-market as bitcoin continues to push on the support at $250 dollars. Both Peercoin and Namecoin have made new lows since our last update. As we wrote in our weekly update, both cryptos entered a downtrend last week. Peercoin is down by 2.5 cents or 5.6 percent while Namecoin is down by 1.4 cents or just below 3 percent. But let’s start with Litecoin which seems to be the most stable of the big four.
Litecoin Range-bound, Waiting for Next Move
Litecoin is still trading range-bound, waiting for the next move. We are currently quoted at $3.91 for one coin, only 1 cent lower compared to one week ago. In the past seven days, LTC/USD traded in a tight range between $3.77 and $4.18 dollars.
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