Litecoin (LTC) Price Analysis: Litecoin Spreads Its Wings Inking New Partnerships For Mass Adoption

Litecoin (LTC), the peer-to-peer blockchain based cryptocurrency, knows its target group very well and leverages their interest areas to establish a connection. Founded by Charlie Lee in 2011, the platform uses a hashing algorithm for fee fewer transactions in a secure environment. Litecoin has been able to secure the interest of traders and investors through tactical alliances making it visible before the masses. The current market data of LTC places it at a stronger position for longer sustenance.

Current Statistics:

• Litecoin is ranked at the 5^th position by the CoinMarketCap globally
• The ROI of Litecoin stands at 1,942.58%
• As on May 12, 2019, at 08:54:00 UTC, the market cap of the coin is 5,421,453,081 USD
• The price of the coin stands at 87.82 USD & 0.01227115 BTC
• The 24 h volume has been 6,194,339,206 USD
• The circulating supply of the coin is equivalent to the total supply and is 61,732,289 LTC

Comparison:

As on April 7, 2019, at 13:34:00 UTC, the market cap of Litecoin was noted at 5,717,060,148 USD. The price was trading at 93.37 USD & 0.01815161 BTC, and 24 h volume was 3,983,116,550 USD at the same UTC. A downward trend of over -5% has been noted in the past 30 days with price peaking to 94.54 USD. The value of the LTC coin has moved between 94.54 USD and 72.33 USD in the last 7 days. The first resistance level of the coin can be achieved in the next few days at 96.79 USD.

Litecoin Price Prediction until 2020:

Litecoin (LTC) has been moving upwards since the beginning of 2019. The coin had achieved its all-time high at 375.29 USD on December 19, 2017, and reached as high as 92 USD in April 2019. The platform has been doing rounds for its strategic partnerships attracting mass adoption. The price of each LTC was trading at around 30 USD at the beginning of 2019, and it has increased almost 3X in the last 4 months. This can further increase by 10X by the end of 2019 crossing the 300 USD mark. In the next 2 years, the price of Litecoin can be between 500 USD and 1000 USD.

Conclusion:

In accordance with LTC Prediction, buy Litecoin now as the prices will move upwards in the next one week.