Will Litecoin [LTC] maintain its position in the crypto-rankings?
Litecoin [LTC] was the next coin to follow up the latest trend of price rise in the cryptomarket. The coin is having a green trend against the dollar. Litecoin is currently ranked 6th in the crypto-rankings with a market cap of $9,534,658,655 and a volume of $706,317,000. It is priced at $169.02 with a declining growth rate of 5.72% over the past 24 hours. The coin has had a surge rate of 11.15% over the past week. The prices dropped due to rumors circulating that Charlie Lee, Founder of Litecoin would leave its own coin.
Litecoin scaled over $160 on 3rd May and crossed over $180 on 5th May before falling down to $169. The coin has also increased its supply to 84 million which far surpasses Bitcoin’s 21 million. Earlier in the week, Litecoin had a close battle with Cardano with each coin surpassing the other in rankings, Litecoin eventually ended up winning the battle after its latest surge.
Many market analysts and investors confirmed that Litecoin is a much better and cheaper alternative to Bitcoin. Experts predict that the coin will surpass Bitcoin’s price by the end of 2018.
MiraJane, a crypto-investor says:
“2 Months Ago
#LTC price Was Like $14 and Today You Have People Whining, Ranting, Raving And Carrying On! Ametuers! The Best Time To Buy LTC Was Yesteryear! Think About It! HODL It & BOTL it”
Litecoin was ranked 3rd in the cryptocurrencies preferred by Americans after a survey was conducted. Litecoin also has a faster transaction time, with the coin being able to make four times more transactions that Bitcoin.
Kristern, A Twitter user says:
“Dare I spy an inverted head and shoulders on the LTC day chart? Get ready for a huge rise in its price. It’s finally going to happen.”
Jordan, a Twitter user says:
“Yeah! Litecoin is really a coin worth looking at! It has tremendous upside potential.”
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