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Despite the fact that Litecoin (LTC) has lost more than 84% of its value from its historical high, the digital currency still boasts an increase of about 27.4% in 39; last year, indicating that it is possible to reach the score of $ 100 before the end of the year. There are many factors that play a significant role in the upward trend of the currency, but its close relationship with the value of Bitcoin is the most important factor.
The blockchain project also continued to provide partnerships with institutional investors to provide messages and debit card services. Listed below are some of the reasons why Litecoin (LTC) needs Bitcoin (BTC) to test the $ 100 level.
The Resurgence of Bitcoin (BTC) will light the long-term success of Litecoin (LTC) [19659005] Many investors in the cryptic space are coming to realize that in the short term, only the survival of BTC is important. Short positions on Bitcoin have reversed to follow an uptrend in the last two days. Charlie Lee – the founder of Litecoin (LTC) – said that investors should own at least one Bitcoin (BTC) before investing in other currencies.
The idea of the founder is not misplaced because he knows that an increase in the value of Bitcoin (BTC) will also positively reflect on the value of Litecoin (LTC).
Litecoin (LTC) has real – Cases of use of the world
While more digital currencies emerge in the encrypted space as they are most conducting, one The vital thing to notice in space is that "only digital currencies with d & # 39. Real use will survive in the long term Litecoin is a digital currency that is strictly used for fast transactions and instant payments.More than a thousand dealers and merchants have agreed to accept Litecoin (LTC) as a means of payment. The increase in Bitcoin, that of Litecoin (LTC) follows the example.
Litecoin (LTC) Price Today – LTC / USD
Litecoin (LTC) is currently equal to $ 57 after an increase in about 3% compared to the last twenty-four hours.The market capitalization of LTC is $ 3.31 billion and its trading volume in the last twenty-four hours is $ 221.39 million.
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