Litecoin (LTC) is reflecting a marvelous momentum from past 2-3 days. The escalation is terrific and looks like the good days are here. The last couple of months brought a steep fall in LTC price, but now the recovery is clearly indicated.
The day is expected to bring the traders a considerable profit. The uptrend seems sustainable and is anticipated to bring the flourishing time back.
Litecoin Price Analysis
Yesterday, the day began with a moderate movement in Litecoin. The upsurge started in the second half of the day. LTC price jumped from $72.413 to $74.456 by 2.82%. The uptrend continued and took the LTC price to $75.958 from $73.555 by 3.27%.
The final jump of the day brought the coin to $78.073 from $74.792 by 4.40%, but the Litecoin price fell to $74.420. However, the day closed with an intraday progression of 1.59% at $74.4. Today, the opening hours brought escalation in the LTC price. The counters jumped from $74.420 to $76.198 by 2.39%.
There are speculations that Litecoin would turn out to be the biggest competitor for Bitcoin. The future of the currency is brighter. We are speculating that it would give a flourishing return on investment. LTC has many a time-proven that it holds the capability of coming out of great storms. The current market cap stands at $4,771,500,025. The 24-hour volume of Litecoin is $3,221,155,821. The ROI of the coin stands at 1653%.
As per the current price trend, there is a high possibility for LTC to reach up to $95 by the year-end. We would suggest the traders interested in Litecoin opt for long-term investment. The same would bring a colossal profit.