Home / Analysis / Litecoin’s Value is Joining Bullish Trend, Huge Surge Expected

Litecoin’s Value is Joining Bullish Trend, Huge Surge Expected

Today, the cryptocurrencies in the crypto market are experiencing the bullish trend in their value after experiencing the bearish correction in the past few weeks. The currencies such as Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin’s value is increasing up.

As for the Litecoin, the experts have already predicted that value will surge in the market. From yesterday, the value of Litecoin is increased by around 20% and the value of the Litecoin has crossed the value of $115 USD.

Current Value of Litecoin (LTC): Currently, the value of the Litecoin is trading at $117.52 USD and the value of the currency is increased by 3.84% at the time of writing. The market capitalization of the currency is $7,301,376,858 USD and the 24-hour volume of the currency is $5,109,086,634 USD. The circulating supply of the Litecoin is 62,130,876 LTC and max supply of Litecoin is 84,000,000 LTC.

Litecoin’s value was trading at $97.57 USD on June 4, 2019. The investors and experts in the cryptocurrency market were thinking that the value of Litecoin will go further downside up to $80. Now, after this surge of Litecoin’s price experts are now hoping that the value of the currency could reach $150 mark.

It is good that the value of Litecoin is increasing and this is one of the best performers of this week in the crypto market. The main reason behind the surge in the value of Litecoin is the independence it has and not dependently of Bitcoin. The predictions are showing that the Litecoin halving will make it more stable and independent.

Still, the value of Litecoin has great support on $100 USD and now it being an independent currency the decrease in the value of Bitcoin will not affect the Litecoin. It will remain above the mark of $100 USD support level. Even, the experts are predicting that if the growth pattern will continue then the value of Litecoin could reach up to $150 resistance level by the end of this week.

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About Arushi Dubey

Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

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