The past 48 hours have been rather impressive for Litecoin to say the least. Now that Bitcoin and Ethereum are stuck in sideways limbo action, other coins are gaining a lot of interest. Litecoin is one of those currencies, which results in a hefty value increase. Right now, one LTC is valued at $38.2, and it seems the trading volume is still picking up the intensity as we speak. Many Litecoin enthusiasts refer to the currency as either a rock or a “chickun.” As most people are well aware of, chickens don’t fly all that well. Litecoin’s chickun may be an exception in this regard, as the currency is soaring to new highs as of right now. That is rather remarkable, as very few people expected an LTC price increase at this point in time. Then again, the price has been somewhat suppressed for quite some time now.
With over $1 billion trading volume in 24-hours, one cannot deny the success of Litecoin right now. Unfortunately, we have seen several LTC price rises over the past few months, which never lasted all that long. It is unclear if this new upward trend will be sustained in the long run, though. If the trading volume stays as high as it is right now, things are looking quite good for Litecoin.
It is always interesting to see where this sudden increase in trading volume is coming from. According to Coinmarketcap, the Chinese and Korean cryptocurrency traders are pushing the LTC value to over $42.5 right now. The first non-Asian exchange on the list is Poloniex, which values LTC at $38.5 right now. It also appears GDAX and BTC-E are bringing in some nice USD trading volume, which is always good to see.
https://themerkle.com/litecoins-chickun-awakens-as-ltc-price-heads-toward-us40/
