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Litecoin, the silver of Bitcoin's gold sees massive rallies while the crater of cryptocurrencies collapses and shows no signs of recovery. The price of Litecoin is currently increased by as much as 7% over the 24-hour time period according to data obtained by CoinMarketCap.
LTC trading at $ 32 on January 4, 2019, UTC recorded a decline and hit $ 31. Prices did not stay there, but rose in a short-term rally, pushing up prices at the previous level.
Source: CoinMarketCap
The prices were correct at this point and they started another rally but this time only $ 0.51. The next rally has been substantial as prices have reached 33.33 dollars. At this point, the market capitalization was scratching the $ 2 billion line. After this point, prices underwent a sideways movement of over seven hours and reached $ 33.06.
Prices went to a final rally to reach a price of $ 34.52, while market capitalization reached $ 2.06 billion. In the days of 7 days, Litecoin's prices have seen almost the same increase, which is around 7%.
The seventh largest cryptocurrency has seen massive adoption in the last year, particularly the recent one, in which Litecoin became the first cryptocurrency to sponsor the UFC 232. The Litecoin logo appeared on the Octagon, which represents a huge step in the right direction for the adoption of Litecoin.
In addition to the above, Twitter users shared their excitement at the recent Litecoin rally. A "Thought about it" user commented:
"Litecoin is experiencing a UFC rebound in terms of trust in the encrypted community 😁😁😁 Viva la Litecoin!"
Another user of Litecoin Master tweeted:
"Buy #LTC
1. 37 times less capitalization of bitcoins is underestimated
2. It is on the same path as bitcoin 7 years vs 10 years
3. #Litecoin halfving is August 2019, inflation falls from 9 to 4%
4. Litecoin will add privacy
5. Litecoin on the net.
6. UFC partnerships
@mrilirgashi @ johnkim77 "
Another user, Edin Jusupovic commented:
"When Litecoin reaches $ 1000, assuming a 70 million LTC circulation, this is only a small market capitalization of $ 70 billion, Apple has wiped out only $ 64 billion in just hours after the revision of revenue projections.
Litecoin is a good investment for the world, and is worth 10 times more than Apple. "
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