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August month was a record for crypto markets. But only some managed to catch up with Litecoin. Between August 1 and August 31, the price of the coin jumped from $ 43 to $ 64, or else the growth was 49 percent. And in the coming days, he scored the second peak of 44 percent, with the final price reaching a record $ 92.

But, after news from China, prices have fallen sharply. Bitcoin fell from nearly $ 5,000 to $ 2950. Eterium from 390 to 200 and Litecoin scored a crash of 65 percent and cost him $ 32 a share. Days after falling prices, Litecoin managed to get up to $ 50, which was an important psychological threshold for the stability of the coin. That was until yesterday.
On September 21 everything seemed stable. At 14:00 hours, the prices went down again, and Litecoin was not insured and also influenced by the changes. Until 15:30, the price was already under $ 50, and the drop reached 11 percent.
This move led to a decline in the market capitalization of the currency to 2.5 billion, and so Litecoin became the 6th in the stock market capitalization.

Still, there is nothing worrying about this fall in price today. Although the currency was one of the worst affected by the changes, several events this week could be a good incentive for a long-term investment.
The first event is Charlie Lee's announcement that they have formally completed the development of Atomic Swaps (buying one currency in exchange for another on a current date and scheduling a reverse substitution at a future date). The currency itself became convertible to sterling money, and investors were able to buy Litecoin without using Bitcoin as an intermediary. With this move, Litecoin proves to be an innovator in the crypto market.
The second major event was the news coming from Coinbase, which announced they would add Litecoin and Ethereum to its safe-deposit service. By storing the coins in their digital vault, instead of being active in Coinbase portfolios, consumers get greater security. Coinbase is often where consumers get and store their first Litecoin savings. Therefore, securing a more secure place for everyone before transferring their currency to their own hardware portfolio is key.

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