While most cryptocurrencies dropped a lot in value over the past two days, the Litecoin price remained largely unaffected. Granted, there was an initial dump to around $78, but things picked up steam again shortly after. Right now, we have a Litecoin price of almost $90 once again, and the push toward $110 is still intact. How things will play out in the next few hours and days, remains to be seen. Litecoin Price Surges is Still Intact It is good to see all cryptocurrency markets finally recover after a somewhat rough period. More specifically, the Bitcoin price has a
While most cryptocurrencies dropped a lot in value over the past two days, the Litecoin price remained largely unaffected. Granted, there was an initial dump to around $78, but things picked up steam again shortly after. Right now, we have a Litecoin price of almost $90 once again, and the push toward $110 is still intact. How things will play out in the next few hours and days, remains to be seen.
Litecoin Price Surges is Still Intact
It is good to see all cryptocurrency markets finally recover after a somewhat rough period. More specifically, the Bitcoin price has a habit of dragging all altcoins with it and it can certainly have some very significant consequences in the end.For the Litecoin price, this turmoil was somewhat limited, as the price went through a brief dip before recovering. Wild price swings are not uncommon in the world of cryptocurrency whatsoever.
More specifically, with a price difference of $6 when the Bitcoin price was losing over $2,000 in quick succession, Litecoin certainly held its own quite well compared to most other currencies. Especially as the price started mounting a comeback to $90 a few hours ago, things were looking pretty significant. Ever since that time, the Litecoin price has struggled a bit and went down to $84, but this trend has started reversing once again.
With the Litecoin price heading back toward $90 in quick succession, it is only a matter of time until we see another push toward $100. As we had expected prior to the Bitcoin dip, the Litecoin price might hit $110 in the near future. Now that all markets are recovering, we may see that projection come true, though. After all, nothing is impossible in the world of cryptocurrency, and we may still see some new all-time highs for a few cryptocurrencies before the year is over.
With over $451m in 24-hour trading volume, the demand for Litecoin is certainly still there. While it is evident this is not the highest trading volume of all altcoins by any means, Litecoin has a habit of generating steady volume for extended periods of time. This is very different for a lot of other altcoins right now, which only further confirms why LTC will continue to stand out among other cryptocurrencies.
One thing that hasn’t changed all that much in this regard is how GDAX is still the leading Litecoin exchange by trading volume. Bitfinex is in second place, and OKEx successfully leapfrogged Bithumb to claim the number three spot. A rather remarkable trend, to say the very least, but it remains to be seen whether or not the South Korean exchange will find a way to mount a comeback.
How things will play out for the Litecoin price, remains to be determined. For now, it seems the way to a new all-time high LTC price is wide open, although it will depend on whether or not Bitcoin will “shit the bed” once again before the week is over. We haven’t seen the biggest correction just yet, but it may never happen for all we know. These are some interesting times for cryptocurrency users all over the world, to say the very least.