Notable LossesThe digital asset suffered some declines last month, after rallying more than 500% between December 2018 and June 2019. Litecoin prices rose ahead of the halving in August, during which the rate of new supply of the digital currency was reduced by 50%. Changing SentimentThe sentiment surrounding litecoin fluctuated significantly during the month, according to data provided by cryptocurrency analytics platform TheTIE.io. The chart below helps show these developments:Largest Cryptos - Long-Term Sentiment The TIEDevelopment ConcernsMany have voiced their doubts about litecoin development in recent months. “Litecoin needs to be able to stand on its own and distinguish itself from Bitcoin in order to survive in the long run.”Disclosure: I own some bitcoin, bitcoin cash, litecoin, ether and EOS.

Source: Forbes October 17, 2019 12:56 UTC