Why Litecoin Is Getting Hammered
Why Litecoin Is Getting Hammered
Litecoin (CRYPTO: LTC) is trading lower by 10.9% to $97.91 Monday afternoon. Shares of several altcoins are trading lower amid Bitcoin falling some 3% for the session.
週一下午，萊特幣（加密貨幣：LTC）的交易價格下跌10.9％，至97.91美元。由於比特幣在該交易日下跌約3％，幾種山寨幣的股價正在走低。
Bitcoin is the largest and most dominant cryptocurrency in terms of market capitalization and trading volume. As a result, it often sets the tone for the entire cryptocurrency market. When Bitcoin experiences a significant price drop, it can shake investor confidence in the broader crypto market, leading to a sell-off across various cryptocurrencies, including Litecoin.
就市值和交易量而言，比特幣是最大和最主要的加密貨幣。因此，它通常爲整個加密貨幣市場定下基調。當比特幣價格大幅下跌時，它可能會動搖投資者對更廣泛的加密市場的信心，導致包括萊特幣在內的各種加密貨幣的拋售。
Litecoin is also often seen as a "silver" to Bitcoin's "gold" due to its similar technical features but with some differences, such as faster block generation times and a different hashing algorithm. Despite these differences, Litecoin's value proposition is closely tied to Bitcoin's performance, and if Bitcoin's price falls significantly, investors may perceive Litecoin's value proposition as weaker, leading to a decrease in demand and price.
萊特幣也經常被視爲比特幣 “黃金” 的 “白銀”，因爲它具有相似的技術特徵，但有一些區別，例如更快的區塊生成時間和不同的哈希算法。儘管存在這些差異，但萊特幣的價值主張與比特幣的表現密切相關，如果比特幣的價格大幅下跌，投資者可能會認爲萊特幣的價值主張較弱，導致需求和價格下降。