Moving from $98 on Feb 2nd to $250 by Feb 20th, the LTC/USD paring on Coinbase has had a great run for Feb 2018.
Litecoin is the fifth-largest cryptocurrency by market capitalization, according to CoinMarketCap. There has been a lot of commotion surrounding Litecoin over the past few weeks.
The cryptocurrency underwent a “hard fork” on February 18, which created Litecoin Cash. This project was credited with causing Litecoin’s value to surge in the following days, but there was another venture that also caused fluctuation in the token’s price ahead of the fork.
Litecoin’s February breakout might have had a lot to do with the announcement that Litepay — a Litecoin payment system — will become available in 41 countries on Monday, February 26. The payment method, which was first announced on December 2017, promises to allow businesses and individuals to use Litecoin for everyday transactions.
Charles Hayter, chief executive of digital currency comparison service CryptoCompare, said that the recent surge in litecoin was "bitcoin's story of last year playing out for litecoin holders."
When it comes to price predictions, most of the people think that Litecoin would be able to close the year 2018 at around $ 600 or so. This would be a fivefold rise from the recent lows which it created in 1st week of February 2018. In the past, this cryptocurrency has reached heights of almost $ 300.
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