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Litecoin (LTC) Analysis – Gained More than 5% & More Expected!

Litecoin traded at $121.65 against U.S dollar. In past 24 hours, gain of 6.41% was noticed. Litecoin has been holding onto over $100 mark for a very long time. Right now, Litecoin is ranked 6th on the basis of market cap. Bitcoin has been far more stable than top 5 (Bitcoin, Ethereum, Ripple, Bitcoin Cash and EOS). Litecoin is trading at 0.01620650 BTC which is a gain of 2.57% in past 24 hours.

What’s Happening Today?

Major exchange ‘Nasdaq’ also mentioned Litecoin as one of the major coins ever existed in crypto world. Litecoin is also compatible with Blocknet which has given significant stability to the coin. Being compatible with Blocknet also means that Litecoin now has the ability for cross chain operations. Litecoin was among the major currencies that felt the blow since the investigation started in U.S, Canada and U.K against price manipulation by the traders. While all the currencies were going down with major losses, Litecoin had a stable place than the rest.

Future of Litecoin

Litecoin has been famous not just for normal traders but it has been widely used on the dark web as well. People all around have been using Litecoin because of its swift and private transitions and dumping Bitcoin slowly. Next 24 hours seems bright for this underdog. It is still recovering from its losses from past few days but it is, so far, the most valuable asset to invest in. While the prices are going up & down like a ‘yoyo’ of all major currencies, Litecoin seems to hold onto its market in very stable way.

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Ammar Alvi

Ammar is a mechanical engineer by profession and holds some investments in blockchain startups like Newtoncoin, Zcash and Monero. Contributes to the opinions. Email: editor.opinions@blockpublisher.com

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