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Litecoin drops nearly 8% amid Bitcoin slump triggered by Nasdaq chip sell-off

Market News
05 Nov 2026, 20:36 WIB
CryptoTicker
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Bearish
Litecoin drops nearly 8% amid Bitcoin slump triggered by Nasdaq chip sell-off

Litecoin fell 7.9% in 24 hours, closely following Bitcoin's 5.6% drop after a Nasdaq chip sector sell-off impacted major cryptocurrencies. There was no Litecoin-specific event causing the decline; instead, it mirrored Bitcoin's market movement with high correlation. Litecoin's price now hovers near its 200-day average, with key support levels at $51.34 and resistance at $61.84. Investors are advised to reduce leverage and consider hedging strategies as the market remains volatile.

Following the recent sell-off affecting Litecoin and Bitcoin, Litecoin trades at Rp946.094 on Pluang, down 6.92% as of Nov 06, 2026 01:41 WIB. Bitcoin also declined by 5.54%, priced at Rp1.383.412.520. Litecoin's market cap stands at Rp72,95 trillion with a 24-hour volume of Rp4,21 trillion, while Pluang users show a buying preference with 68% buy orders and a typical hold time of 79 days.

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