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Price Analysis

Price Analysis of Litecoin (LTC) – Hardware Wallet Set To Change Litecoin’s Fortune

  • One of the best performers of 2019.
  • Launch of hardware wallet and partnership with Travala caused a price surge of around 14%.
  • Ranked at number 5 in the crypto market.
  • Current market cap is around 5.67 USD billion.

Litecoin (LTC) has entered into a strategic partnership with Travala.com, for online hotel booking through the coin. There was also a recent announcement by the Litecoin that it is launching a Litecoin based hardware wallet in the market. These great announcements made the investors rush back to Litecoin. The news also caused a price rise of nearly 14%. The news has begun the bull run for Litecoin. The coin believes in mass adoption and has entered into key partnerships with this vision in mind. The current statistics report a favorable picture.

Launched in 2011, Litecoin is an open source, decentralized, a peer-to-peer global payments network that enables instant payments at low cost. With vast support from business, trade volume and liquidity, Litecoin is a known medium of trade complementing Bitcoin.

Current Statistics:

Litecoin Price ChartAs on May 14, 2019, at 14:04:01 UTC, the market price of is 92.04 USD. Price was up by 7.52% from the last closing. Currently, the market cap for Litecoin is around 5.67 USD billion, 24 h volume is at 5.81 USD billion, circulating supply is at 61,765,111 LTC  and ROI is at a huge 2,034.74%. Litecoin’s rank is at number five in the cryptocurrencies market. 24-hour High/Low was 93.37 USD / 84.68 USD. As on April 14, 2019, at 14:04:01 UTC, the price was 77.18 USD. The upward movement in price has been to the tune of 19.25% when compared to that of the last month. From a low of 30 USD at the beginning of 2019, in just over four months, the coin has kicked off to 92.04 USD as on May 14, 2019 – what a remarkable recovery!

Price Prediction:

The coin has been performing very well in 2019 and recovered very well from the downturn of 2018. The recent events and its performance in 2019 have made analysts bullish on the coin. They predict a price rise in the range of 110-130 USD by the year-end. Investors too are reacting very positively to the recent developments by showing renewed interest in the coin.

Conclusion:

Investors are advised to go ahead and buy the coin. Existing investors should wait as the price has been steadily rising. The bull sentiment is here to stay.

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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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