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.
周一下午，莱特币（加密货币：LTC）的交易价格下跌10.9％，至97.91美元。由于比特币在该交易日下跌约3％，几种山寨币的股价正在走低。
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，比特币是最大和最主要的加密货币。因此，它通常为整个加密货币市场定下基调。当比特币价格大幅下跌时，它可能会动摇投资者对更广泛的加密市场的信心，导致包括莱特币在内的各种加密货币的抛售。
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.
莱特币也经常被视为比特币 “黄金” 的 “白银”，因为它具有相似的技术特征，但有一些区别，例如更快的区块生成时间和不同的哈希算法。尽管存在这些差异，但莱特币的价值主张与比特币的表现密切相关，如果比特币的价格大幅下跌，投资者可能会认为莱特币的价值主张较弱，导致需求和价格下降。