Solid Gains, Litecoin Price on Track surged to a record all-time high.
A fork of its big brother Bitcoin, the digital currency litecoin has rose to as much as $171.55 according to CoinMarketCap.
What Is Litecoin’s Correlation With Bitcoin
As Litecoin prices have climbed this year, market experts have emphasized a tight relationship with Bitcoin. Litecoin, which has repeatedly been described as the silver to bitcoin’s gold, has frequently displayed a strong correlation relative to the world’s most valuable digital currency, according to a Bitcoin Market Journal analysis using data from digital asset platform CryptoCompare.
Litecoin is currently the sixth largest crypto currency according to coinmarketcap.com, above it starting from fifth place is Ripple, then Iota, Bitcoin cash Ethereum and Bitcoin in first place.
With this solid Litecoin price momentum we could be seeing Charlie Lee’s Litecoin reach $200 before the end of the year.
There is an abundance of interest and demand for all cryptocurrencies which will make a big impact in 2018. Is Litecoin on that list, it certainly seems that way, and its current value seems to reflect that sentiment rather well. For all intents and purposes, it would appear that 2018 may be another great year for LTC.