Litecoin Succeeds in Getting Sponsorships but Fails to Maintain the Trend

Fibo Quantum

  • Litecoin brings Ellipal onboard as Litecoin Summit 2019 sponsor
  • Litecoin records over 22% dip in the last 30 days

Litecoin is one of the highest performing cryptos in this year. The investors made huge profits when the coin had crossed $100 target in the first half of the year. The current market performance of this coin may not reflect the same pace or progress, but it may switch into the accelerated mode very soon. The coin is expected to trade around $150 before the end of this year. Litecoin team is currently focusing on getting new partners on board for its summit in October and this may provide good visibility to the coin.

LTC to USD Price Analysis & Forecast

In the last 30 days, LTC has recorded a significant dip from $88.81 to $69.01. The coin has declined by over 22% and its current value is at $69.01 as on September 13, 2019, at 09:00:46 UTC is one of the lowest values in the past 30 days. The coin traded above $70 for the first half of the month but then started slumping drastically around August 30 to hit as low as $62.59 mark. It gained some good pace at the beginning of September to cross $72 but has resumed back to sluggish trends now.

Litecoin closed the day at $69.23, yesterday and is currently trading below this value. It was not very long ago that the coin had recorded its lowest value in 90-days at around $62. LTC may further decline in the coming weeks before accelerating suddenly to cross $100 again.

However, if all goes well, LTC may jump up to $150 at least once before this year-end. It is a perfect time to plan considerable investments in the LTC token and start stacking up for future gains.