Litecoin[LTC] struggles to gain momentum as crypto markets add $8 billion

Monday, Feb 18th, 2019 – Cryptocurrency investors and traders were greeted by a sight of green candles everywhere. The cryptocurrency markets are up, with Bitcoin up by 4.74% and close to crossing $3,800 mark.

Although every cryptocurrency showed massive gains, Litecoin on the other is struggling a bit to gain momentum. Although Litecoin is still up by 7.23% in the 24 hours, the coin is only up by 3% in the weekly average.

Analysts think Litecoin’s struggle is justified as the cryptocurrency outperformed all its peer last week and traded between $40-$45. Litecoin is currently trading at $46.57. If the trend continues, Litecoin is expected to reach $50 and stay there for a while.

Litecoin has lost its position has the fourth largest cryptocurrency and has been surpassed by EOS. EOS is up by a massive 13.88% becoming the top gainer among the top 10 cryptocurrencies. The cryptocurrency markets are up by 6.2% and analysts predict the markets will go up by 10%.

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