It’s a bloodbath out there, folks.

As predicted, the Litecoin news coming out of China has wreaked havoc on its price, driving the Litecoin to USD down about 31.73% to roughly $38.10.

Litecoin hasn’t traded at these levels since the start of the summer, when it was riding high on a spectacular ascent. Even a week ago, it brushed new all-time highs.

However, much of that optimism was blunted by the Chinese government’s crackdown on domestic cryptocurrency exchanges. The story came out in dribs and drabs, sucking out confidence in the market like a leech.

Smaller exchanges were the first to pack up, but now some of the bigger exchanges are closing their doors as well. For.

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Litecoin Price Forecast and Analysis – September 15, 2017