Price Analysis

Litecoin (LTC) Price Analysis: Litecoin Starts The Week With A Price Surge Above $110

eToro
  • Litecoin’s LTC is up for a price game as the value of coin surges further
  • Litecoin’s strategic partnership finally pays off well

Litecoin started the year 2019 with high profile partnerships and added many logos under its name like Glory Kickboxing in order to increase the mainstream adoption of the LTC token. It seems the wishes have been answered as the currency now enjoys two consecutive weeks of upward surge as it enters the third week with a bang. Investors are closely observing the price movement, and some have even predicted the value of the coin to reach up to $220 in the next one quarter. The current market data backs these claims.

Current Statistics:

As the graph observed on May 27, 2019, at 08:39:27 UTC, the price of LTC coin is surging higher, and it seems likely that the prediction of crossing $200 might come true sooner than expected.

Litecoin (LTC) Chart

Particulars

Statistics

Price  (USD)

114.29
Price (BTC)

0.01303559

Market Capitalization

7,051,653,535

24h volume

6,494,517,665

Circulating Supply

61,955,051 LTC

Return on Investment

2,550.27%

Trading at a value of over 114 USD currently, it is only a matter of time for Litecoin to start shining and bringing back the bullish trends. The ROI of 2,550.27% is beyond satisfactory, and the market cap of over $7 Bn reassures investors about a bright future of the currency. There has been an upward trend of over 24% in the last one week with a price of the coin peaking as high as $115.12. It is, however, at this time that LTC should be able to cross the $120 barrier.

Conclusion:

Everything seems to be perfect for the LTC token right now, and it should reach one step closer to its all-time high value of over $375 by the end of 2019. Some may also believe that this is the year when LTC surpasses this value to set a new benchmark. Whatever happens, owning LTC tokens seems to be definitely an investment for the long term.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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