Categories: LitecoinNews

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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Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Ishan Garg

Ishan is a cryptocurrency trader and a journalist. He joined the cryptocurrency space in 2017. He is the founder of Blockmanity. He is a HODLER and is holding BTC, ETH & UGT.

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Ishan Garg

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