Litecoin’s value has regressed from $119 to $109.35 in 24 hrs.
The reason for this decrease in value is due to the selling pressure. The investors of Litecoin are going through a rough day, but the recent news will turn out to be a ray of hope.
If the price finds it’s resistance there and gets rejected, it could likely start another round of selling which would confirm that the downturn has started.
Litecoin will soon reach a halving phase in less than 3 months time span. The Halving phase is expected to happen the month of August and September.