Litecoin prices have fallen more than 30% from their all-time high, pushing lower as the alternative protocol asset succumbs to numerous tailwinds.
The price of Litecoin fell to as little as $63.83 today, according to CoinmarketCap.
At this value, the cryptocurrency was trading roughly 30.7% lower than the all-time high of $92.07 it reached on September 2.
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
While the digital currency’s price declined lately, it did so after generating some blockbuster returns.
By the time Litecoin prices reached record levels earlier this month, they had climbed more than 2,000% year-to-date (YTD).
Litecoin Outperforms Bitcoin
These sharp price increases have caused Litecoin, which has been described as the silver to Bitcoin’s gold, to appreciate far more than its digital sibling.