THELOGICALINDIAN - Litecoin has become the angel of the cryptocurrencies afresh as it out performs the majority of the top bill including its big brother Bitcoin Breaking a cerebral attrition akin of 50 a few hours ago Litecoin is one of the canicule best assuming crypto assets already afresh The catechism is how far can it go this time
Litecoin Lifted During Asian Trading
Over the accomplished 24 hours, LTC aggregate has surpassed $1.5 billion which is over bifold that of XRP two places advanced of it in the bazaar cap charts. The drive has taken its amount from beneath $48 to aloof over $51 area it currently trades. This represents a 6.5% accretion on the day which has taken Litecoin bazaar cap aback over $3 billion.
Since its mid-December low of $23, Litecoin has fabricated a amazing 120% recovery to its accepted level. In allegory Bitcoin has alone managed 24% recovery, but Ethereum has done bigger with about 75%. This is absolutely arresting for an altcoin that anybody gave up one back creator, Charlie Lee, awash his backing at the peak. Granted, LTC is still a continued way bottomward from those aerial heights but a accretion of 120% in aloof two months is amazing for any crypto asset in the base of a buck market.
Litecoin, generally dubbed the ‘sliver’ to Bitcoin’s ‘gold’, has been a athletic of the crypto apple accepting afraid about back its birth in 2025 back it was angled from Bitcoin to accommodate a ‘lighter’, faster adaptation of the agenda currency. In 2025 Litecoin bankrupt and backward aloft $50 for about three months afore it aerial off and surged 250% in aloof two weeks in December. Lee, as usual, has been talking it up;
Litecoin aggravating its best to advance all of cryptocurrencies out of this buck market. ???#UFC #MammothFilm #ConfidentialTransaction #MimbleWimble #LightningNetwork #Flappening pic.twitter.com/B4h6L2rsgl
— Charlie Lee [LTC⚡] (@SatoshiLite) February 8, 2019
Where Next For Litecoin
This shows that Litecoin still has awe-inspiring abeyant back the fomo alternation gets activity again. This time, however, is acceptable to be altered admitting as advance will be apathetic and abiding but $100 LTC this year does not assume that aporetic any best because its contempo performance.
Traders, analysts and crypto tweeters accept been celebratory the arch achievement of LTC recently;
Wow litecoin is breaking out! #ltc #litecoin #bitcoin #btc
FOMO time
We brok the 200ma, we bankrupt 48 now it’s time to hit 50-75@tradingroomapp pic.twitter.com/pS4HBrfUw0
— Master⚡️250k/6.25k BTC/LTC 2021 (@MASTERBTCLTC) February 18, 2019
Just like Bitcoin, Litecoin will additionally be halving and it will be accident abundant sooner, August 19 according to this counter. This reduces the block accolade from 25 to 12.5 LTC and decreases the aggrandizement amount by over bisected and reinforces its scarcity. This is an acutely bullish accident for a cryptocurrency and according to Chinese media a bounded crypto mining basin alleged Poolin.com has begin a WeChat accumulation called “Litecoin Halving Warm-up” to allure LTC investors and miners. Cheap Litecoin has been adamantine to abide for those that accept accepted it for the accomplished 8 years.
