Even though every single cryptocurrency market is in the red right now, some coins are suffering more than others. Litecoin is taking a lot of blows on the chin right now. With the Litecoin price dropping by a whopping 33% overnight, things aren’t looking good at all. Then again, most of Litecoin’s trading volume originates from China, where a storm beyond proportions is brewing as we speak. Litecoin Price Is Fading Quickly People will always argue altcoins are losing value due to the falling Bitcoin price. That is 100% correct, but in some cases, that isn’t the only main factor.