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Price Analysis

Litecoin (LTC) Price Analysis: Litecoin Sets the Market on Fire with a Spectacular Performance

  • Litecoin Onchain growth rises with rising price and marvelous performance of LTC token
  • Litecoin aims to achieve new targets with each passing week

Litecoin is one of the high performing cryptocurrencies in the market and has shown almost 3.5X growth in the last five months. The coin is defying all boundaries and remains practically unaffected by the market fluctuations by maintaining steady upward growth. The increasing usage of Litecoin Onchain leads to mass adoption of the coin, which may result in further surging the LTC value. The current market trend is a combined result of partnerships and increased popularity of the Litecoin platform.

 Litecoin Price Statistics:

There has been tremendous growth in the LTC value in the last five days. The coin jumped from $98.86 to $121.12 and currently trading at $116.57, showing an uptrend of over 17.9%. It will continue this surge in the coming weeks as well. As on June 9, 2019, at 04:53:31 UTC, the following trend is observed:

Litecoin Price Chart- 09th June

ParticularsStatistics
Price  (USD)116.57
Price (BTC)0.01481990
Market Capitalization7,265,475,676
24h volume4,454,145,400
Circulating Supply62,142,776 LTC
Return on Investment2,621.13%

 After a fabulous bullish trend crossing the $120 mark, LTC may continue to reach other targets in the coming months.

LTC Price Prediction:

Litecoin’s performance may lead to an extremely heated up second half of the year. The coin may further grow to reach the $150 target by the end of 2019 and take some more time to surpass its all-time high value of $375. The market looks positive and growth oriented, and the partnerships done so far are yielding results.

Conclusion:

Litecoin is one of the best bets in the current scenario, and the future of the coin is much brighter. Medium-term investments are the right decisions to continue at present.

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.
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