Decline in Litecoin value

[neku]

There has been a major decline in Litecoin value in the last one week. What could be the reason for the decline in value when all other cryptos are increasing in value, will it decline further?

 

[magnus2022]

Litecoin is a stable coin. It hardly fluctuates like other cryptosm. Presently, most cryptos are bearish trends, therefore it is likely the reason why litecoin is affected slightly.

 

[neku]

Earlier this year Litecoin value was more than 100 usd, now the value had declined to usd 74 or even lower, though bitcoin value was increasing, so it is not a stablecoin.

 

[Webster]

Earlier this year Litecoin value was more than 100 usd, now the value had declined to usd 74 or even lower, though bitcoin value was increasing, so it is not a stablecoin.

Given the power Bitcoin has since its' the first crypto ever created, any movement by it will influence other cryptos, regardless of type.
Ironically, Litecoin was created as a fork off of the BTC blockchain so it shouldn't be affected by this......