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

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 Onchain usage is growing as transaction numbers and values rise. 📈$LTChttps://t.co/AGZDH3RpS0

— Litecoin.com (@LitecoinDotCom) May 26, 2019

 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:

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

LTC Price Prediction:

According to LTC Predictions, its performance may lead to an intensely 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.