Litecoin hits all-time price and becomes the fourth most valuable cryptocurrency in the world by market capitalization, surpassing Ethereum Classic, Dash and NEM
Litecoin is surrounded by darkclouds amid 6.23% year-to-date loss despite the overall market conditions turning severely bullish.
The LTC price comes under pressure just hours before the Litecoin halving event ahead on Wednesday.
A look into history makes it obvious that the price of Litecoin usually dropped close to halving. However, we cannot conclude that the same will happen this year in the crypto market.
If history repeats itself, LTC price could begin to gain with Litecoin halving which is only about 100 days away.
After getting off to a bright trading start in May, Litecoin could not but give in to the bear run.
On Thursday, September 12th, the Litecoin is declining again, trading at $68.63.
Litecoin Foundation has established a strategic partnership with Travala.com, a blockchain-powered hotel booking platform, to boost the use of cryptocurrency payments.
On Oct 4, Litecoin is trying to recover after a selloff earlier this week. The crypto is now trading at $58.87, adding 2.27%.
The price of XRP, the world’s third-largest cryptocurrency by market cap, fell to a new 2018 low, together with Litecoin price. Despite adverse movements, XRP is supported by investors being accepted as a payment method by Bitcoin Superstore.
The LTC-based payments startup was scheduled to start wallet and debit card services last month in February, however, it has failed to further respond to the proceedings.