Litecoin may provide a Positive aspect to many people looking it right now
March 10, 2018 3:41 pm
Litecoin probably is not affected by the bitter space shared by Cryptocurrency
Many of the cryptocurrencies are attempting to recover from the losses faced which they can effectively so under the present circumstances. During such a situation, it is interesting to see altcoins minimize losses by going up in value right now. In such a case, Litecoin is the only coin to have faced losses less than 5% in an amount over the last 24 hours.
To be specific, Litecoin has dropped from a price of $210 a few days ago all the way to $162 this morning. This downfall should not demotivate the investors as a temporary correction is not compulsorily a bad thing in the world of cryptocurrency. However, Litecoin seems to race back by reaching a level of $175 which is a definite bounce.
The success faced by Litecoin price is due to the appreciation of the LTC/BTC ratio. It is necessary that the value of other cryptocurrencies rises compared to Bitcoin rates. This will affect the Litecoin price or not can’t be determined.
The current digital currency industry is entirely away from being perfect and probably won’t improve in future. However, Litecoin seems to be putting its best efforts with obvious room for improvement in this regard.
OKex used as exchange platform appears to continue its dominance for quite some time to come. GDAX’s USD market is well behind the BTC and USDT markets as of right now. Bitfinex is in fourth place while Binance completes the top 5.
Let’s see what the weekend holds for the Litecoin price. Anyhow, as per the situation, there is room for upward potential and perhaps a Litecoin price of $200 later this week. The weekend is popular for its odd trading action, and the current likely to change scenario will only shake up things even further.