Litecoin Price Hits Record High Amidst Very Solid Cryptocurrency Market

[johnjin]

The price of the virtual currency Litecoin reaches an all-time high of $87 per token on as of press time, amidst the sustained solid performance of the cryptocurrency market. It is projected that the price of the digital currency could even surpass the $100 level before the year ends.

[care2yak]

That's good news! It's about time that LTC makes a new milestone with its price. But the price of most alts are soaring because bitcoin price is soaring. If ltc is able to reach new record highs with its bitcoin value then that would be better news, i think 

[steadyrice]

I don't know whether it's a good thing that the fates of the altcoins is tied to bitcoin, so to speak. Obviously they are profiting from the increased trust people are placing into cryptocurrencies thanks to bitcoin, but I hope that doesn't mean that the price of altcoins will fall as well, if bitcoin declines for some reason in the future.

[avikz]

That's not just litecoin or bitcoin. The entire market has increased. Along with litecoin, ETH and bitcoin has also reached their all time high. There are few coins like NXT or Monacoin which have increased to 44%. So the entire market is on bullish mode. It's time to earn some good amount of profit from trading. However, the market will see a correction soon because it is hard to hold on to this price. Even with the increased market cap, the market will soon see a correction and will give us another opportunity to buy at a cheaper cost.

[wihrn]

Great! now that we have more than one growing cryptocurrency it is easier to choose not only for investors, but for the ICO's to choose which currency they want to be working with.

[lasry]

The price of the virtual currency Litecoin reaches an all-time high of $87 per token on as of press time, amidst the sustained solid performance of the cryptocurrency market. It is projected that the price of the digital currency could even surpass the $100 level before the year ends.

Though we all hope for the Litecoin to make its stand someday and not to break it but I don't think it would as what bitcoin had done the past few years. Bitcoin and LTC are two different things there is much more popularity over bitcoin rather than litecoin plus market capitalization of bitcoin is supremely high compared to litecoins.

[Raimy]

I don't know whether it's a good thing that the fates of the altcoins is tied to bitcoin, so to speak. Obviously they are profiting from the increased trust people are placing into cryptocurrencies thanks to bitcoin, but I hope that doesn't mean that the price of altcoins will fall as well, if bitcoin declines for some reason in the future.

Like it or not I think most alt-coins are tied to the price of Bitcoin. if Bitcoin were to crash back down to $5k or under, you would see the alt-coin prices collapse as well. Right now Bitcoin is kinda of like the ocean tide that raise or sinks all the smaller cyptocurrency "boats" out there.

[JanpriX]

Fundamentals for LTC is quite promising if you're gonna take a look at it and so as its technical analysis. It's been doing good recently alongside BTC's bull run. People do know the technology behind it is something that could provide innovation in the future. One more thing to notice is that the cryptomarket's total market cap just recently hit $300 billion and with this, it is inevitable that old-time cryptocurrencies like LTC to get a significant boost (in price appreciation). People around the globe are now entering the cryptosphere and this will provide stronger demand for different coins pushing its price to the upside area. LTC should be fine and should be a good long-term coin.