Price Analysis

Litecoin (LTC) Price Analysis: Litecoin’s Strategic Partnerships Continue To Yield Better Results For LTC Token

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  • Litecoin’s founder Charlie Lee reaffirms the currency’s growth in the upcoming months
  • Litecoin has inked several strategic partnerships including K-Pop & Glory Kickboxing

Litecoin is a blockchain based cryptocurrency using hashing algorithm for faster and more efficient transactions. The firm has been inking key partnerships over the last few months including collaborations with Glory Kickboxing, Travala.com and C&U entertainment for making LTC token mainstream. Charlie Lee has been nothing but positive about the future of the currency, which gives more hope to the traders. The current market data is a testament to its growing popularity and adoption.

Current Statistics:

Litecoin Price Chart

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  • According to the global cryptocurrencies ranking, Litecoin is placed at the 6th position
  • The ROI of Litecoin stands at 2,027.49%
  • The circulating supply of the coin is now equivalent to the total supply which is 61,878,676 LTC
  • As on May 22, 2019, at 09:14:00 UTC, the market cap of Litecoin is noted at 5,657,189,268 USD
  • The price of the coin is trading at 91.42 USD & 0.01151583 BTC
  • The 24 h volume is now 3,195,122,665 USD

Comparison:

As on April 19, 2019, at 01:34:01 UTC, the market cap of the LTC coin was noted at 5,085,004,348 USD. The price was trading at 82.82 USD & 0.01566116 BTC, and the 24 h volume was 2,531,340,429 USD. There has been an upward trend of over 10% in the value of the coin since the past one month. The price moved between the range of 106.21 USD and 67.27 USD in the last 30 days, and while the highest remained the same, the lowest price was noted at 84.94 USD.

Litecoin Price Prediction until 2022:

Litecoin recorded an all-time high value in December 2017 at USD 375.29. The price of the coin has been showing a continuous upward trend since the beginning of 2019 and has crossed the USD 100 mark as well. In the upcoming months, Litecoin can report exponential growth as a result of recent technology upgrades and an increasing pile of partnerships with worldwide companies. The price of the coin has the potential to cross the 500 USD mark in 2019 and set a new milestone. In the next 3 years, the price of each LTC coin will be around 1000 USD.

Conclusion:

Litecoin can be targeted for long term investments with huge returns. Start Litecoin mining today and slowly increase the number by observing the price movement carefully.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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