Both bitcoin and litecoin entered downtrends last week. Bitcoin took out the important $250 handle, while Litecoin broke below the low of its range at $3.70. Consequently BTC/USD fell by over 22 percent while the losses in LTC/USD exceeded 30 percent.
Bitcoin Down by 22 Percent
During the last 7 days, everyone’s favorite cryptocurrency fell by almost $58 dollars to a low of $192.55 today. We already reported on the Wednesday crash in our last article. But the BTC losses didn’t stop there. Since last Thursday, bitcoin lost a further $41 dollars (from $233 to $192). We are currently experiencing a slight retracement with BTC/USD trading at $210 dollars per coin.
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