Litecoin News Today – Litecoin Price Nosedives Amid Cryptocurrency Market Sell-off – Mar…

• Litecoin price nosedives after a horrid 24-hours
• Coronavirus likely triggered the current selloff this week
• Litecoin price suffers double-digit loses 

Litecoin news today – The digital asset market is currently in the red zone as the bulk of the top coins is trading poorly. The coronavirus has really hit the global economic system. Apart from the fears about the Wuhan virus, there can be other explanations for the second selloff for the week. Cryptos have erased the bulk of gains they have posted since February in less than two weeks. Following the most recent price action displayed by the top coins, the price of Litecoin is facing selling pressure against the USD. The selloff is reportedly approaching the lower boundary of this wedge that started to signal bearish pressure. In this price position, there is a key support area at $45. After it lost 7% over the last few hours, the price of Litecoin is now trading above the $46 area as of when this content was written. Not even…